80s & 90s Cars ARE the New Classic Cars
What do you think of when you imagine a classic car? A vintage contraption that looks a like a horseless-carriage, attempting to chug its way from London to Brighton? Or something with bright pastel colours, huge chrome bumpers and sharp, pointy fins? How about your dad’s Ford Capri? Or perhaps even that Honda CRX you used to flit about in during your younger years?
It’s not unnatural to find ourselves yearning for a past that we remember with rose-tinted fondness, while recalling the cars we rode around in as kids, drove at the time, or just lusted after. Inevitably, these become desired collectibles and therefore classics!
The Car Generations
Cars up to the mid-1970s appealed to the Baby Boomer generation (those born from mid-40s to the mid-60s) however today the succeeding Generations X and Y are craving the coolest cars of the 80s, 90s and even later. The evidence of this is in the rising values of automobiles hailing from just 20-40 years ago.
There are of course other factors, such as the changing trends in car ownership. With fewer car companies and less cars made in the 40s, 50s and 60s, they would be kept running longer. Part of that also stemmed from the post-War generation’s approach of fixing and maintaining rather than replacing, understandably derived from years of scarcity and rationing.
Since then, the motor industry has ballooned and boomed. There are more car companies than ever, making nearly 80 million cars a year – and that’s in a bad year (2021) because there’s a shortage of components!
And by components we primarily mean computer chips of course, as modern cars employ between 1000 to 3000 of them. This in turn confirms the fast pace of technological development in our vehicles, from driver’s aids systems to electric vehicles, new cars make their predecessors feel obsolete and ancient quicker than ever.
Accessible finance encourages trading in old cars, which devalues them sooner, and some are even killed off by programmes such as scrappage schemes. In the 80s and 90s everyone had them, but today Ford Escort XR3i cabriolets are rarer than the Ferrari 308 (Magnum PI’s car). There’s only 140 of the former versus over 250 of the latter.
Japanese cars in demand!
Japanese cars weren’t typically as highly regarded here as they are in other parts of the world where people value them for their reliability and rugged usability. However, that’s changing.
Gary Dunne of Classic Car Auctions said: “No one could have predicted the rise in the Japanese Domestic Market (JDM) cars, but for a generation who grew up watching Fast and Furious, playing Gran Turismo and Need for Speed, JDM halo cars have fond memories and are becoming increasingly desirable.”
He confirms this is pushing up prices: “Based on our own experience, plus recent sales by our sister company Silverstone Auctions, the trend in value for JDM vehicles is continuing upwards and we don’t believe they have plateaued yet! Now does seem to be the time to buy before prices peak.”
Obvious choices include the Subaru Impreza and the Mitsubishi Evo, and the more original and exclusive the better. For example, a rare two-door 1998 Subaru Impreza 22B STI can fetch over £100,000 and the Mitsubishi Evo VI Tommi Makinen edition is not far behind.
The late 90s A80 Toyota Supra is plentiful in supply, and mostly modified, they command between £30k-60k. But there’s only about 15 of the 1980s Celica Supra left, and though I bought one in the early 90s for just £2000, you’d pay at least £15,000 for a good one today!
A top tip at the moment are Rotary-engined sport cars from Mazda: the RX-7 series. They’re getting rarer and more desirable by the day. Their successor, the four-seat 2003 RX-8 with unusual rear-hinged doors was less loved in its heyday, but they’re values are on the rise. If you want your engine to be more conventional, it goes without saying that the best examples of early MX-5 roadsters, are destined to be future classics.
For Japanese supercars you have Honda’s iconic NSX world-beating supercar with values between £70k-100k, and Nissan’s mighty Godzilla – particularly in R34 guise, of which, only 11 and half thousands were made from 1999 to 2002. Any Nissan sports car with a Z badge is worth a punt, as are Hondas with Type R badges.
Solid European Investments
There’s obvious winners like the Porsche 911 or any exotica from Italy, but there’s also bargains to be had that are only heading up in value. The BMW E30 is a prime example. The once eponymous 80s yuppiemobile, initially proved its worth through being solidly built, reliable and immense fun to drive, then suffered at the images connotations of BMW drivers, but is now once again both enticing and the thinking enthusiast’s best buy.
I should know, I bought one, and in nice months values have already gained. Ignore the rare and already outlandishly expensive M3 variants, and spend around £10k-15k for a tidy 318, 320 or ideally a 325 variant.
Other cars that are appreciating assets but which will also evoke thumbs ups from your fellow road users are the Porsche 944 and 924, Mark II Volkswagen Golf GTI, VW Corrado, and the evocative Audi ur-Quattro. See also Lancia Delta Integrale and Peugeot 205 GTI.
And then there’s the 80s Mercedes S-Class, arguably the last of the breed to be milled from solid granite and created to last forever. The W126 saloon and particularly the SEC coupe version are hot tickets now. Wide-body AMG SEC coupes are already out of reach, but 500 and 560 SEC personify class, elegance, prestige and robustness.
For British cars, look for the best fettled and presented Jaguars you can find, particularly the 1980s Series I, II and III XJ models and the XJS. All fast Fords are racing out of reach right now, so if you haven’t got one, it might be too late.
Rover SD1 have been growing in desirability for a while, later Rovers like the Honda-based 600/800 ranges are at rock bottom, but with the brand being extinct, future collectability status is guaranteed. Watch out for quality examples of the Rover Metro and snap up a Mustang V8-powered rear-wheel drive Rover 75 or MG ZT if you ever find one.
American Heroes
Caveat: all American cars from the 50s and 60s rocked. A few good ones made into the 70s, but the era was let down by castrated motors due to the fuel crisis and emission regulations. There were some breakouts in the 80s and 90s, but it wasn’t until the early 2000s that the Yank motors got knuckle-bitingly awesome again, with a string of mad muscle cars from Ford, Chrysler, Dodge and Chevrolet.
Additionally, it’s fair to say choice is limited. There were some official imports like the Chrysler Crossfire and PT Cruiser, which may have their day at some point, but that time is not now, as they remain universally disliked, despite being enticing curios.
American Heroes
Caveat: all American cars from the 50s and 60s rocked. A few good ones made into the 70s, but the era was let down by castrated motors due to the fuel crisis and emission regulations. There were some breakouts in the 80s and 90s, but it wasn’t until the early 2000s that the Yank motors got knuckle-bitingly awesome again, with a string of mad muscle cars from Ford, Chrysler, Dodge and Chevrolet.
Additionally, it’s fair to say choice is limited. There were some official imports like the Chrysler Crossfire and PT Cruiser, which may have their day at some point, but that time is not now, as they remain universally disliked, despite being enticing curios.
Additionally, it’s fair to say choice is limited. There were some official imports like the Chrysler Crossfire and PT Cruiser, which may have their day at some point, but that time is not now, as they remain universally disliked, despite being enticing curios.
But 1980s Chevrolet Camaros and particularly Pontiac Trans Am models (Knight Rider era cars) are starting to look tasty. A Chevrolet Corvette from the same era is another magnificent choice. Be warned though, while drivetrains are bullet-proof, build quality is not great, so find the best you can.
Easier said than done, because they’re scarce, but the good news is, they remain affordable and you can look to spend from less than £10k rising to about £25 for the best examples. Seek desirable performance spec variants like the Corvette ZR1, Camaro Z28 / IROC-Z and Ford Mustang Cobra SVT.
Even rarer but a well-kept secret, something of an oddity and certainly a future collectible, is the Cadillac Allante featuring an acclaimed Northstar V8 engine but more significantly, clothed in a body made in Italy by Pininfarina (Ferrari’s preferred design house). There’s one for sale in the UK right now for just £8500. Bruno Mars even featured it in the video for 24K Magic, so it may well conjure up some profit!