Lets be brutally honest with ourselves here.
What currently impacts the value of our cars more than anything else is their reputation for poor build quality & unreliability.
I know none of us want to hear this, & I know it's mostly unfounded, but it's a fact that this is how the car buying public often perceive our cars.
We would all do well to acknowledge this uncomfortable truth, even though we know it's partly an undeserved reputation, it will always be a hard one to shake.
We also need to accept that our mid 90's cars (& later T Cars) haven't quite made true classic car status yet.
All these things are what's keeping values where they are.
And that's the point, values may not be rising dramatically but they're not falling either.
To my mind NOW is a very good time for anyone who's ever dreamed of owning a TVR to buy in, treat it well and you shouldn't lose money, just look at the maintenance as your hobby costs & it's actually quite a cheap hobby compared with others.
Cars are like wine, they take time to mature.
Just look at the Jensen Interceptor, unloved for years we have started to see them increase dramatically over the last 3-4 years, partly because Aston Martins have soared out of the reach of mere mortals.
Nostalgia plays a big part too, if your were a 24 year old in 1996 dreaming of owning a new Griff but never had the funds to buy one, you will now be 40 years young, you might even have some spare cash & a desire to live the TVR dream of your youth.
But lets take a closer look at the profile of today's classic car buyer.
- 50 - 55
- Kids grown up & left home
- Good job
- Equity in your property
- Savings in the bank
Ok I know all this is a generalisation, but ask any classic car dealer who his target audience is and he'll draw up a similar customer profile.
Go to any classic car show and take a look at the car owners, again I think you'll find most fit this 50 plus profile too.
So working on this basis my fictional 40 year old nostalgic TVR buyer wont actually be going TVR shopping for another 10-15 years.
In 10 - 15 years time we will likely have a recovered economy, we will all be forced to drive something electric as our daily hack & the urge to enjoy a back to basics toy will be strong amongst men in their mid fifties.
Those guys will be looking back recalling the glory days of TVR in the 90's, they'll remember the thrill of seeing a pre-cat Griff thunder past for he first time & dream of recreating that moment themselves.
And that's when you'll see the price of our cars go up, well the 90's V8 ones anyway.
Until then we should all consider ourselves lucky they are at a price point where we can afford them.
Come back to this post in 2025 & tell me I'm wrong, a Griff will be £55k & a Chimaera will be £40k, mark my words.The bottom line is these cars were built for driving, so we should all enjoy them for that now, while we can still afford to