Index of post-war German collectible cars
German classics were the clear winner with this update, posting the strongest quarter-over-quarter gain at 3 percent and putting the German Index at a new all-time high. Results here were also less mixed than other market segments with 5 component cars gaining value and just one losing.
Standout movers were the Mercedes-Benz 300SL Gullwing’s 14 percent increase followed by the 280SL’s 12 percent gain. Porsche 356 Coupes gained at a more modest rate of 2 percent, while the BMW M1 posted a 5 percent increase. The one loss was the Mercedes-Benz 190SL with a 10 percent drop. Outside of our component cars, much of the same story seen in the rest of the market is being played out. Instead of wider gains or losses, movement is targeted and erratic, making the market’s future much more uncertain than it might seem on the surface.
-Greg Ingold, April 2023
The Hagerty Price Guide Index of German Cars is a stock market style index that averages the values of 21 of the most sought after cars from BMW, Mercedes-Benz and Porsche from the 1950s-70s. The list below shows the cars that make up the index, while the graph to the left shows this index’s average value over the years. Values are for #2 condition, or “excellent” cars.