price guide update has been produced by analysing the Pricewatch listings from
our two Pricewatch volunteers together with other information obtained from reports
from fellow members and from published auction results of the selling prices achieved
with some MGBGTV8 and RV8 sales.
Although MGV8 enthusiasts have bought
and owned their cars for the understated power and sheer pleasure they get in
driving them as affordable classic cars, price trends are always interesting.
The Price Guide is also useful for enthusiasts thinking of getting an MGV8. We
also hear that at least one classic car insurance broker refers to our guide when
checking agreed values.
See the Price Guide update - November 2017.
six month update of our Price Guide|
Usually we have an annual review with
an updated guide released in May but as our Pricewatch team felt there were indications
of some interesting trends, we have produced a six month update to our Price Guide.
Our review of the Pricewatch reports over the six months to the start
of November 2017 indicates the number of MGBGTV8s offered for sale has
fallen by about 6% and Condition 1 chrome bumper prices have fallen back a little
when compared with our price guide in May 2017. In terms of market activity the
number of Condition 1 cars seen offered for sale has reduced a little and the
number of Condition 2 has reduced by a third when compared with the similar six
month period in 2016. The premium for chrome over rubber bumper MGBGTV8s is reducing.
review indicates how the premium for RV8s in Other Colours, so long a feature
of the RV8 market, is reducing. In our RV8 Price Review in May 2017 the premium
for a Condition 1 RV8 in Other Colours was £1,515 (8.2%) and for Condition
2 £1,150 (7.8%). In the six months to November 2017 the premium has fallen
to £610 (3.1%) for Condition 1 and very nearly zero for Condition 2. It
seems likely that the condition of an RV8 and the tendency for lower
recorded mileages for reimported RV8s, mostly in Woodcote Green, are increasingly
becoming key features buyers see as most important and less so simply opting for
an RV8 in Other Colours.
See our updated market and price review. Updated