These results…

[M138]

…make you wonder if it’s worth restoring some cars.

https://angliacarauctions.co.uk/auctions/2694-05-A...

[Skyedriver]

It rarely is worth it financially unless it's something particularly rare or interesting.
Prices for most have been falling steadily, everything from Boxsters to MG TDs. Even fast Fords have come down a bit.
Buying opportunity for some but what it will mean is a lot of your ordinary stuff will end up broken for parts or scrapped.

[M138]

Skyedriver said:

It rarely is worth it financially unless it's something particularly rare or interesting.
Prices for most have been falling steadily, everything from Boxsters to MG TDs. Even fast Fords have come down a bit.
Buying opportunity for some but what it will mean is a lot of your ordinary stuff will end up broken for parts or scrapped.

The MGF’s seem like they’ve levelled out which is good to see, perhaps they might be seen like MG roadsters were seen in the 80s, very fondly.

[Normodog]

M138 said:

The MGF’s seem like they’ve levelled out which is good to see, perhaps they might be seen like MG roadsters were seen in the 80s, very fondly.

I sold one last year, it went to a chap in America. Nobody wanted it here.

[M138]

Normodog said:

M138 said:

The MGF’s seem like they’ve levelled out which is good to see, perhaps they might be seen like MG roadsters were seen in the 80s, very fondly.

I sold one last year, it went to a chap in America. Nobody wanted it here.

I know they’ve been disliked by quite a few in this country, like they do here, overlook faults with foreign competition but lambast anything made here. Perhaps they might be seen in a different light by a few patriots who were too young for the original MG Roadster.

[OutInTheShed]

A couple there I could have been tempted by if my house move had happened.

[stinkyspanner]

There's some quite cheap prices in there, I wonder if people are sitting on their hands for a while to see how things pan out with all the doom and gloom in the UK (and the world for that matter) at the moment

[M138]

stinkyspanner said:

There's some quite cheap prices in there, I wonder if people are sitting on their hands for a while to see how things pan out with all the doom and gloom in the UK (and the world for that matter) at the moment

I think regarding selling, people are trying their luck now the sun’s out but people are not buying.
The market’s become flooded.

[A.Norton]

2 of my classics went last year (Db7 V12 & 928s) and i got what i expected but if i had kept them until now i would of been disappointed.
I sold my 911 (991) in February and broke even getting the same as i paid 6 months earlier.

I am sitting on my hands with how things are at present and hope what i am now looking at drops further but i have played this game before and missed out on some crackers so i try and not look too much.

[FilH]

Both the metros with a guide of 5k to 7k both remain unsold. Good to see buyers have some common sense!

[Hoofy]

The prices for classic and sports cars has been a bit stagnant if not falling for about 2 years now. It's the perfect time to get in on the action or part-ex/upgrade (as the price difference would be less) but not to sell.

[stevemcs]

The cars were not as nice this time, some were tidy - the Carlton was nice, the Gold XJS was presentable too, The red Mk1 Fiesta was nice as is the Red 2.0 Laser Capri.

The 24 Scorpio Cosworth yesterday was rough as was the Mk1 XR2, Januarys auction had much nicer cars.

[Mr Tidy]

Skyedriver said:

It rarely is worth it financially unless it's something particularly rare or interesting.
Prices for most have been falling steadily, everything from Boxsters to MG TDs. Even fast Fords have come down a bit.
Buying opportunity for some but what it will mean is a lot of your ordinary stuff will end up broken for parts or scrapped.

I don't think it has ever made financial sense to buy a car to restore - it always ends up costing more than buying a good one in the first place!

[restoman]

Mr Tidy said:

Skyedriver said:

It rarely is worth it financially unless it's something particularly rare or interesting.
Prices for most have been falling steadily, everything from Boxsters to MG TDs. Even fast Fords have come down a bit.
Buying opportunity for some but what it will mean is a lot of your ordinary stuff will end up broken for parts or scrapped.

I don't think it has ever made financial sense to buy a car to restore - it always ends up costing more than buying a good one in the first place!

My hourly rate confirms this

[Yertis]

Mr Tidy said:

I don't think it has ever made financial sense to buy a car to restore - it always ends up costing more than buying a good one in the first place!

But if you enjoy restoring them as a hobby, then it makes more financial sense than quite a few other hobbies.

[Skyedriver]

M138 said:

The MGF’s seem like they’ve levelled out which is good to see, perhaps they might be seen like MG roadsters were seen in the 80s, very fondly.

Yes but I'd said MG TD, a somewhat different animal from decades earlier

[Unreal]

Mr Tidy said:

Skyedriver said:

It rarely is worth it financially unless it's something particularly rare or interesting.
Prices for most have been falling steadily, everything from Boxsters to MG TDs. Even fast Fords have come down a bit.
Buying opportunity for some but what it will mean is a lot of your ordinary stuff will end up broken for parts or scrapped.

I don't think it has ever made financial sense to buy a car to restore - it always ends up costing more than buying a good one in the first place!

Mostly depends on the price ceiling and the purchase price in my experience, much like property development. Many of the core costs are identical, such as paint, but the issue is finding a potentially rare car cheap. Most restorations are exactly as you describe.

[velocemitch]

stinkyspanner said:

There's some quite cheap prices in there, I wonder if people are sitting on their hands for a while to see how things pan out with all the doom and gloom in the UK (and the world for that matter) at the moment

I think the market is still pretty poor, I’ve been trying to seek a car for over a year now with no luck. Pretty sure my asking price isn’t daft either. The latest shenanigans with world trade won’t be helping now either, it doesn’t help consumer confidence.
That said there were a few cars in that auction which made good money compared to the estimates.
A few apparent bargains too, but you never know if there is a good reason for that.

[Rob 131 Sport]

https://www.youtube.com/watch?v=_qCRgWihDxc

I think it still depends on the model. If you look at the Granada’s on the attached video they are clearly in demand.