DEMAND for classic cars has soared in the last month according to data revealed by autotrader.co.uk.
Ferrari’s legendary 288 GTO saw an 287 per cent rise in searches on autotrader.co.uk, followed by more unusual and quirky cars like the Chrysler Hunter at 144 per cent and the Chrysler Le Baron at 98 per cent.
The Rolls Royce 20/25 followed in fourth place with 53 per cent, Aston Martin DB2 with 35 per cent, the once family-favourite – the Chrysler Avenger – came in sixth place with 34 per cent, and Aston Martin’s classic DB3 and DB1 models followed with 23 per cent and 21 per cent respectively.
Rounding off the top ten list was the rare Subaru 1600 and Riley’s RM series with 13 per cent and 11 per cent increases in month-on-month searches respectively.
Matt Thompson, Auto Trader’s marketing director said: ‘Brits are well known for their love affair with classic cars – but it’s still surprising to see such sudden growth, especially at a traditionally quiet time of year for the motor industry.
‘This could be a reflection of the unusual economic times; the depreciation level for classic cars is far lower than that of newer vehicles and, if well cared for, some even increase in value. Chosen wisely, a classic car can be a valuable asset as well as bringing its owner lots of pleasure.
‘Searches on Auto Trader indicate the “people’s choice”, so it is also interesting to see that cars such as the Chrysler Avenger – which may not have been considered ‘classic’ in the past – are now emerging as national favourites. If demand continues to rise from motoring enthusiasts we could well see the price of these ‘new classics’ increase over the coming months.’