5 cars that have appreciated massively in the last 5 years
In the last few years, the values of certain rare and exotic used cars have climbed more than ever before and have surpassed most people's expectations. Ferraris and Porsches have led the way, with ultra rare race homologation specials such as the 1970s Porsche 911 2.7 RS skyrocketing in value and pulling the rest of the market up. The result? Cars which were worth less than £200,000 are now selling for 5 times that (in the case of the 2.7 RS). Here we explore 5 examples of cars which have increased in value dramatically and compare their values five years ago in 2012 to their values today in 2017
BMW M3 CSL
Value in 2012 - £22,000
Value in 2017 - £45,000
A limited run, lightweight track special of the BMW E46 M3 which incorporated new technologies to save weight such as carbon fibre reinforced body panels and an automatic SMG gear box that could change gear in only 0.08 seconds. When released, the M3 CSL was an expensive car costing the equivalent of £86,500 in today's money but they did not hold their value well initially. In 2012 you could pick up a fully maintained low mileage car for only £22,000 the same car today would cost you at least £45,000.
As such, those who bought one brand new won't be counting the cash, but if you bought one 5 or so years ago you'll be laughing all the way to the bank now! With plenty of specialists suggesting that CSL values are only going to keep increasing, it may not be too late to jump on the bandwagon.
Porsche Carrera GT
Value in 2012 - £210,000
Value in 2017 - £600,000
A car with a Le Mans derived naturally aspirated V10 race engine and a manual gearbox of which only 1270 were built was Porsche's first ‘hypercar’ launched at roughly the same time as Ferrari unveiled the Enzo. While initially the Porsche wasn’t as popular as the Enzo, in recent years prices have shot up due to its reputation for being the ultimate analogue driving experience. With the latest generation of supercars delivering a heavily digital, automatic and turbocharged driving experience, purist drivers have wanted to get their hands on something with more character. Hence why the limelight has now fallen on the previously unloved Carrera GT. In 2012 there were a few fully serviced low mileage cars on the market for around £210,000. Today you’ll be hard pressed to find a fully serviced car for less than £600k, and there is little doubt that the prices will continue to rise as manual gearboxes and naturally aspirated engines continue to be phased out of the latest supercars.
Ferrari 550 Barchetta
Value in 2012 - £120,000
Value in 2017 - £400,000+
The Barchetta was introduced at the 2000 Paris Motor Show and designed to be the ultimate convertible Ferrari. While Ferrari did design and provide a soft top, the true intentions of the car were clear - roof down at all times. The temporary roof can only be used up to 70mph and certainly looks somewhat out of place on top of the car, something the car became synonymous. Only 448 were produced and until recent years their rarity had never been accounted for in their values, whilst other similarly limited production Ferraris were commanding very strong premiums. While in 2012 there were cars available at around £120,000, today the same cars are worth in excess of £400,000. A limited production Ferrari with a unique roof - yes, we're pinching ourselves too!
Porsche 993 GT
Value in 2012 - £325,000
Value in 2017 - £2,000,000
Built in the mid-1990s as a homologation special to meet the requirements of motorsport regulations at the time, the 993 GT (also known as the 993 GT2) was a very powerful (430hp) manual, rear wheel drive, turbocharged 911. Often referred to as ‘the widowmaker’ due to its sheer power and lack of modern day driving aids, the car quickly grew a reputation for its colossal speed. The car also features ‘bolt on’ wheel arches front and rear to accommodate the wider wheels from the race car as well as a large rear wing, both of which help the GT2 stand out significantly from other cars at the time (and even today). Reportedly only 57 in total were made with only 7 of those being right-hand drive. The racing pedigree, unique looks, driving characteristics and rarity has caused the GT2 to become one of the most desirable Porsches on the market. While these have never been cheap, in 2012 they were fetching around £325,000. Famously, in September 2016 a low mileage, one owner car sold for £1,800,000 at auction (to a standing ovation). That car was a left-hand drive example, so it's safe to say that one of the 7 right-hand drive example would be worth that, if not more.
Picture: RM Sothebys
Value in 2012 - £3,500,000
Value in 2017 - £15,000,000
A car that needs little introduction and World renowned as the first ‘hypercar’ - the Mclaren F1 was designed to be the ultimate road car. Featuring a central driving position for greater visibility and a BMW built V12 mid-mounted engine, the car was instantly regarded by the motoring world as a legend. Released to the public in 1992 as a road car, it was so good that with light modifications the car went on to be raced in the 1995 Le Mans 24 hour race and won, even though it was competing against purpose-built specifically designed race cars. This stunned the automotive world and the car's popularity didn’t stop growing. In 1998 a Mclaren F1 (specifically the XP5 prototype) managed a top speed of 253.81mph, setting a new world record. Since then very few cars such as the Bugatti Veyron have surpassed that speed. Produced between 1992 and 1998 in total 106 cars were built of which only 64 are road cars, the others being race cars (some of which have been converted for road use). The Mclaren F1 has a fanbase across the globe and the history of almost every car is meticulously know by a few enthusiasts who have dedicated years constructing the history of each car. F1s have always been seriously expensive though - accounting for inflation an F1 cost £1,200,000 in today's money when it was launched in 1992. Whilst in 2012 a car sold for approximately £3,500,000, to find a car today for under £10,000,000 could be considered an impossible task.
The market for special cars has certainly changed a lot in the past five years and the demand for certain cars continues to grow. Whether values keep rising or if the market is destined to cool is anyone's guess though!