Hot Hatches On Up

[Reebmit 51 4 Cars]

A good condition Golf GTi which had a resto 9 years ago, with a very average interior with 65,000 miles just sold at auction for 16,100. The rumours are it won't be long before they will hit 20k. This in turn says people will start looking at the next best thing (or in my eyes a better thing lol) the 205... I don't reckon it will be long before pugs start fetching real money....10k plus...

[eddie bullit 37]

No it won't to be honest. Next couple of years I think we'll see low mileage cars advertised for 15k plus. Still be able to buy s*itters for 2-3 though

[jeremy 70]

It's scarey really how values seem to be going up, and the dark horses will be the convertibles and 309s.

[Tom Fenton 1,541]

I don't think the 309 or the CTI will do much. Look at the VW Jetta or Golf Cabrio, neither are worth much compared to the Golf GTI.

[jord294 92]

Ep3 type r civics are going up already

[Andy_C 50]

VR6 Corrados too.

 

Despite losing some love for the 205 in sitting on it. If I sell up then getting another one a few years down the road will be expensive.

[camgti 56]

DC2s are on the up big time in OZ too.

[alternative 0]

Convertibles usually end up worth more imho! Look at Aston, Ferraris and E types

[willis 18 1 Cars]

All very true and good news, however, the cost of a new ford fiesta has gone up considerably in the last ten years, milk, bread etc.

[Andy_C 50]

Hardly. As a comparison look at F40 and 964 RS prices. Massively more of an increase. Way further up the market but same generation as the 205.

[welshpug 1,657]

a friends c4s which he paid around 20k for a few years bsck, is now insured for 70k, turbos of same generation are nearly double, odd given its the same running gear bar the turbo engine! but good to see the prices getting closer. you'll pick up a 996 turbo for about 25-30k at the moment.

[nomis 12]

I would say this is probably true. Considering how iconic the 205 gti is, they are actually relatively inexpensive.

The Golf, 205 and Renault 5 hot hatches defined a generation of cars, I suspect like the 80s 911s and BMW M3s they will get chased up.

 

I would rather have a car that I drove and enjoyed than worried about its value though.

 

Classic car values can stick for a long time before they move up. As an example, my mum has a Mercedes 280 sl Pagoda she has owned for probably 25 years. For the first ten years it went nowhere, in fact value probably dipped, then it rose at a decent clip and in the last three to five years has gone mental.

 

Interestingly, her car is in good but not amazing condition and she uses it, owning it like that rather than it being a non driven garage queen hasn't done any harm.

[Capa 0]

Well. My tidy-ish phase 1 1.6 failed to sell for 2k - and I'd highlight that just because something is advertised for a price, it doesn't mean it will actually sell for anywhere near that.

 

All said, I do hope they go up soon though.

[kyepan 291]

This forum and it's members are the main reason why 205 values stay as low as they are.. We keep enough of them on the road to make sure they are not quite rare enough to be in demand.

 

I mean that in only positive ways.

We've always had a great strong community that doesn't rip each other off for parts, and doesn't take the piss with prices.

 

There will be a few low milage minters with history tucked away that will start the prices rising, it has to happen eventually. Look at Renault 5 GT turbos, Uno turbos, all as rare as hens teeth now, most died of rot years ago.

[Stu 18]

^^^^^ True.

 

You look at the RS scene; i was a part of that during the 90's and very quickly realised it wasn't for me.. Look at the prices people are charging for second hand spares and it is criminal.

 

The 'dealers' and 'breakers' are the ones, rip off merchants at best, con artists at worst.

 

It is this artificial inflation that has driven prices up, both on spares and cars, as the parts get more in demand so will the cars that get broken which in turn multiplies the price of complete cars and so the cycle repeats.

 

Add into the this the 'geezer' element of owning an RS and you can see why they are where they are.

[Bobbafett 49 2 Cars]

Well. My tidy-ish phase 1 1.6 failed to sell for 2k - and I'd highlight that just because something is advertised for a price, it doesn't mean it will actually sell for anywhere near that.

 

All said, I do hope they go up soon though.

I think 1.9s are a lot more desirable.

 

My last 1.9 I sold was quite tidy and within 2 hours of it going on eBay a guy transferred the full asking price (£3950) into my bank account and picked it up a week later.

[gizzmo 3 1 Cars]

Hardly. As a comparison look at F40 and 964 RS prices. Massively more of an increase. Way further up the market but same generation as the 205.

top end car prices have increased massively due to new markets opening up China Russia India, they only made a certain nos which now is spread across the whole globe

[steve@cornwall 100]

There's a generation of people (such as myself) who had just started driving when the 205gti was released, couldn't afford New or fairly new ones and then the insurance costs became stupid as the cars got into price range. For example I was 18 in 1984 and certainly couldn't afford one.....but I did have a 1976 Audi 80, and a couple of years later an early 4 cylinder bmw 520i . Yet hot hatch insurance was a no go. Now our kids are leaving home and we suddenly have a little more time and cash for indulgences and with the chance now to treat ourselves to a car we've always wanted but was either too expensive or too small for the family, there aren't many left to be had. Hence the price rises.

 

I recently started looking at "16er special" sports mopeds of the era an for the same reasons the price of a fsie is ridiculous now. A Gilera 50 trials bike that I bought new for 250 quid will now set you back double for a basket case!

 

I think the 205gti will continue to climb as like the escort mk1 and 2 , There is also a motorsport connection which will spur it on IMO.

 

Even popular and relatively unremarkable late 70s and early 80s pushbikes which we all had before our mopeds are getting up to daft prices! If anyone comes across a metallic turquoise raleigh olympus.......let me know!!

 

Edited because android knows better than me what word I want to use .!!!!!!!

Edited November 6, 2015 by steve@cornwall

[Andy_C 50]

China, Russia and India are doing very little.

 

Lots of import into the classic sector from China and India (parts primarily) but neither are buying many top end cars. Majority is still into the EU with some into the US.

 

Middle East is a bit like Russia, in that there's piles of cash but lots of the cars stay here under UK V5s.

 

Far East is growing - I'm quoting on average once a week for a £500k+ car for a Far Eastern owner.

 

China is impossible to trade into and they're facing their own recession too.

 

The big difference between now and 25 years ago is a lack of speculators driving the market up. Cars are bought and paid for with not a lot of financing happening. The returns easily exceed other investments and currently for a private owner there's no capital gains tax disadvantage.

 

It won't last forever and frankly needs to stabilize back to 10-15% growth to remain stable.

 

The market has risen for "proper" cars - those with certifiable history and provenance as much of the value is as much about who owned, who raced etc. It's dragged a lot with it - the 911 being a case in point as a 70s 2.7RS Lightweight is now over a million quid and with limited numbers available, the demand has spread into newer versions - the 964RS was a track toy 10 years ago, nobody raved about them and as a result they were cheap. A half decent one now is north of £200k. The 996 has escaped the madness but I reckon it's only a matter of time. Mr welshpug nailed it above and if you can afford a good 996 Turbo now, I'd do it as they can only head one way.

 

As for hot hatches in this, well Steve summed it up above perfectly. It's similar to the muscle car scene in the US. The lads who wanted or owned them in their teens and 20s now have money and want a piece of their youth and as a result matching numbers 70s muscle cars are very strong. They have to be proper matching numbers irrespective of condition.

 

A lot of hot hatches were stolen/crashed back in the day so numbers were down back then. Many weren't built to last either so the pool of cars has shrunk. The very good, genuine ones will fall into the "classic" market and yes some dealers will price them OTT but I do know that several of the £15k+ cars have sold at pretty much asking as a lot of the people who have serious collections drove them new back in the day - and loved them then.

 

If they don't climb to silly money then surely that's a good thing? There's a good number of companies now reproducing parts (BM, Miles and so on) to keep them alive and from where I'm sat if parts can't be had due to a lack of interest/demand then that will end up with cars being scrapped etc.

[erbs 42 1 Cars]

I feel so lucky, only paid 800 quid for my phase 1 gti, by all accounts give it a few more years put it up for 20k lol.

 

Mines a keeper just for the pleasure of driving it and owning it, not interested in what they are worth unless it pays off my mortgage lmao!!!!

Edited November 6, 2015 by erbs

[Barryboy85 4]

Eebs I can only imagine a very mint low mileage phase 1 will be worth around that money...