Stable Growth in Classic Car Prices
Classic car prices rose again slightly in 2022 by 4.8%. The German Classic Car Index (DOX), which the German Association of the Automotive Industry (VDA) publishes annually, reached a score of 2902. This corresponds to an increase of 4.8% compared to the previous year.
The DOX serves to give a trend statement about the value development of classic cars in Germany. The vehicle values are determined by the valuation specialist "classic-analytics". For this purpose, 88 representative vehicles are selected and weighted depending on their registration numbers. Vehicles that are traded particularly expensive due to their rarity or history are not included. The DOX has been calculated since 1999. Starting from a base value of 1,000 points, an increase in value of 190% has been seen in Germany since then.
The German Classic Car Index shows a stable development. The unfavorable framework conditions from the corona pandemic, states of war, and rising energy costs had hardly any effect as of January 1, 2023: the DOX is resistant to the crisis. The delivery times of new vehicles may not only have significantly increased the price level in the used car segment, but also caused some increase of the price of everyday models in the classic car segment. Some models have developed much stronger than the market as a whole, but the broad midfield of the vehicles examined shows only minor changes in value. The influence of fluctuations in the number of traded vehicles of a model in the period under review should also be considered.
The value of the Ford Capri I has grown the most (plus 100%). The VW Beetle dropped out of the Top 10 with both the convertible and the previously manufactured standard model. The VW series K70 and Passat take up its place. Both models grew strongly (up 92.7%) over the four-year period, but at a low level. The Pontiac Firebird (plus 63.6%) and the Toyota Celica (plus 39.3%) are represented in the Top 10 as foreign-made models.
It turns out that a differentiated view and evaluation of the vehicle condition by an expert is crucial. According to "classic-analytics", the current market situation is stable.