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German Classic Car Market Stagnant Despite High Interest

The German classic car market shows slow growth, with average prices slightly up, while top sales reach millions. Popular models and the investment versus hobby aspects are discussed.

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Germany

Germany Labour MarketInvestmentMarket AnalysisSalesAutomotiveClassic Cars

Classic-AnalyticsVerband Der Automobilindustrie (Vda)Dpa

Frank WilkeFranz Maag

What is the current state of the German classic car market?: The German classic car market is currently stagnant, with average sale prices only slightly increasing from 15,800 euros in 2023 to 16,500 euros in 2024. While interest remains high, as evidenced by strong trade show attendance, buyers are hesitant to spend.
Which types of classic cars are most popular among average buyers?: Popular models among average buyers include analog and manually-shiftable classic and youngtimer cars from the 1980s, 1990s, and early 2000s, such as the BMW Z3, Fiat Barchetta, Mazda MX-5, and first-generation Golf GTI.
Are classic cars primarily bought as investments or for other reasons?: Classic cars are rarely purchased solely as investments due to the high maintenance costs; the enjoyment and hobby aspect plays a significant role. However, appreciation in value over time is a welcome benefit.
Where are the highest-priced classic cars being sold and for how much?: Top-selling classic cars, particularly Ferraris and a Bentley Continental, are fetching millions of dollars, primarily in the US market. However, these are exceptional sales, not representative of the overall market.
Provide an example illustrating the potential appreciation of a classic car's value.: An example of a classic car's significant appreciation is Franz Maag's Mercedes 300 SL Gullwing, purchased 50 years ago for nearly 50,000 Deutsche Marks and now valued at 1.2 to 1.3 million euros.

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