on buying an RV8 from the Daily Telegraph
Alongside is a piece from the Daily Telegraph on Saturday 22nd September
2019 where the motoring contributor is responding to a query from
"OL" which is headed "Sterling mess" and seeking
views on buying an RV8 as an investment and whether these cars are
likely to rise in value.
The response from the Daily Telegraph says "values have been
going down a bit lately" which our Pricewatch monitoring does
not support - our market review in May 2019 shows prices have generally
continued to plateau, if on a slightly muddled track since a peak
in November 2017. Our next six monthly price guide and market review
will be released in early November 2019.
Interestingly the Daily Telegraph reply suggests that investing £18,000
in an RV8 "might be a safer place to put your money than keeping
it in Sterling" presumably because if Sterling were to fall RV8
prices in say Euros or even US Dollars would reduce thereby making
RV8 prices more attractive for a buyer in Mainland Europe. In addition
there are also signs that as the RV8 can now be imported to the USA
(with RV8s over 25 years from manufacture) there would be increasing
buyer interest there too. Increased buyer demand from either Mainland
Europe or the USA could see RV8 prices in the UK rising in Sterling
market review & price guide price guide
Our six monthly RV8
price guide below released in May 2019 includes a table showing
our guide prices based on our monitoring RV8s advertised for
sale or listed for auction. In our market review there is a
chart below showing the price trends for Condition 1 RV8s since
2010. The chart shows prices have generally continued to
plateau, if on a slightly muddled track since a peak in
See our RV8 market
review and price
guide at May 2019.
Sterling mess does "OL" fear?
Presumably with BREXIT confusion at present the concern is whether
Sterling could fall, imports could lead to higher UK prices
for imported food and consumer goods and then possibly inflation.
What are "OL's" aims when thinking of buying an
It seems keeping the RV8 as an investment and driving only a
modest 2,000 miles is the aim.
What RV8 is OL thinking of getting?
Low mileages continue to be a contining feature of the RV8 market
as lower recorded mileages are often seen with reimported RV8s
from Japan, mostly in Woodcote Green. Typically RV8s are seen
with 25,00 to 50,000 miles so a car with 76,000 would be regarded
in the market as a relatively high mileage. Although the condition
is described by "OL" as "immaculate", priced
at £18,000 it suggests this RV8 is on the boundary between
Conditions 1 & 2. Any buyer would need to carry out a thorough
examination of a car, particularly at the top end of Condition
2 with a car described as "immaculate".
What are the prospects for RV8 price growth?
The continuing uncertainties with Brexit may be a factor in
growing caution in the classic car market until the outcome
is better known and understood, but an RV8 with the added luxury
of Elm burr internal trim, Connolly leather seats and a soft
top, plus an injected engine, make it a very desirable classic
car. In the medium term the RV8 model with a limited production
run of around 2,000 and good support from an active members'
group like the V8 Register could see renewed price growth.