Where are classic prices going? Two classic car magazines have recent feature articles on classic car prices. Classic Car Weekly reports on its analysis of UK auction data over the first six months of 2024 and compares it with the same period in 2023 showing the average price of cars sold has fallen by 20.9%. Mike Brewer says for buyers "it's the best it's been for a decade". Autocar magazine looks to the future highlighting the classics they feel should go up in value - including the MG RV8. Our next six monthly MGV8 price guide and market review will be released in early November 2024 based on an analysis of the data gathered by our volunteers' reports of MGV8s seen for sale. Price guide May 2024 Posted: 240729 Classics getting cheaper - 2024 is a Window of low price and an opportunity as prices continue to drop - CCW Classic Car Weekly's feature item in its latest issue reports its "analysis of more than 2,300 auction results has shown that the average price paid for classics at UK auctions has slumped by more than a fifth. Figures from sales in the first six months of 2024 by 13 major auction houses have shown that 2,368 classics found new homes at an average price of £15,886 - a 20.9% decrease in the £20,104 average price paid for the 2,536 classics sold in the same set of sales in 2023. The combined sales total of £27.6m is also down by 26.1% from the £50.98m for the same period in 2023. Market experts have told CCW that the lower prices reflect the impact on disposable income from the ongoing cost of living crisis in the UK but the appetite for buying classics is still healthy. Auction analyst Richard Hudson-Evans says "a lot of this is down to the squeeze on disposable income, particularly from the cost of borrowing not least from home mortgages. Mike Brewer says for buyers it's the best it's been for a decade". Used sports cars that should go up in value. Get a great car AND make some money too? It's possible - we drill down the finest - Autocar Autocar magazine lists its top 46 classics highlighting the classics they feel should go up in value. Here are some of the classics in Autocar's list. 19/46 - Datsun 240Z (1969-1974) 20/46 - Triumph Stag (1970-1977) 33/46 - Jensen Interceptor (1966-1976) 40/46 - Reliant Scimitar GTE (1968-1975) 42/46 - TVR Griffith (1991-2002) 44/46 - MG RV8 (1993-1995) Auotocar says the RV8 "with just under 2,000 examples built, a luxurious interior, classic MG looks and a Rover V8 under the bonnet, there's plenty to love about the RV8. When you consider that you can easily spend the same sort of money on a MGB V8 Roadster conversion as on a RV8, it's easy to see why the latter should be more highly valued. UK examples are to be had from £20,000, and it doesn't look like they're going lower." See Autocar report