Austin Allegro is a better investment than a Jaguar E-Type

Gareth Herincx

3 days ago
Auto News

Austin Allegro

Ordinary, everyday cars that were once the backbone of Britain are now proving so sought-after that many are rising in value faster than some versions of the Jaguar E-Type.

The latest data from the Hagerty Price Guide reveals many ‘unexceptional’ cars cars have enjoyed a bumper year of growth, with values rising as much as 20 per cent year on year.

Models including the Ford Cortina, Renault 4, Hillman Imp, Austin Princess, and the infamous Allegro have posted the biggest increases in value so far this year, posting gains in value of between 4.4 and 20.4 per cent for the top 10 performers, at a time when precious few bank savings accounts better a return of 1 per cent.

They’re joined by other strong performers that were once household names, including the Austin Metro and Vauxhall Cavalier.

With a healthy rise in value, these cars often offset any associated running and maintenance costs, making them a surprisingly sound investment.

Hagerty’s Top 10 best performers

  • 1965-1970 Triumph 1300 increase: 20.4 per cent
  • 1962-1966 Ford Cortina Mk1 increase: 19.4 per cent
  • 1973-1982 Austin Allegro increase: 13.6 per cent
  • 1962-1980 Renault 4 increase: 10.6 per cent
  • 1963-1976 Hillman Imp increase: 10.1 per cent
  • 1970-1976 Ford Cortina Mk3 increase: 7.8 per cent
  • 1968-1979 Renault 16 increase: 7.4 per cent
  • 1948-1960 Peugeot 203 increase: 5.2 per cent
  • 1975-1981 British Leyland Princess increase: 5.1 per cent
  • 1987-1994 Alfa Romeo 33 increase: 4.4 per cent

As a yardstick, the latest data from the Hagerty Price Guide shows that the Jaguar E-type Series III has risen by 8.2 per cent in the past year, from an average sale price of £54,988 across all models in 2020 to £59,500 in 2021. The Ferrari 308 GTB has gone from £61,200 to £65,475 too – a gain of just 7 per cent.

The 2021 Hagerty Festival of the Unexceptional takes place at Grimsthorpe Castle , Lincolnshire (Saturday 30th July) will showcase forgotten vehicles that were once a common sight on UK roads.

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JAGUAR XKE: HOT CATS AT AMELIA ISLAND!

JAGUAR XKE: HOT CATS AT AMELIA ISLAND!

Sixty years ago a legend was born in secrecy. The first Jaguar XKE prototype, a roadster, was assigned an official chassis number: 850001. In March, an incredible field of XKEs will be showcased at one of America’s premier Concours.

JAGUAR XKE: HOT CATS AT AMELIA ISLAND!On March 11, 2018 the 23rd annual Amelia Island Concours d’Elegance will celebrate and honor the British icon that changed the world of sports cars forever: JAGUAR XKE: HOT CATS AT AMELIA ISLAND! A full class of Jaguar XKEs will take to “The Amelia’s” field nearly six decades after the XKE’s glamorous public debut by Jaguar founder and Chairman Sir William Lyons at the Hotel du Parc des Eaux-Vives on Lake Geneva. The XKE is a pure blood descendant of Jaguar’s three-time Le Mans winner, the legendary D-Type. The potent D-Type’s design DNA flows through the svelte contours of the XKE courtesy of Malcolm Sayer, the aerodynamicist who also drew the sublime shapes of the Le Mans-winning C and D-Types. Even today, the E-Type’s silhouette, born in the 180 mph cauldron of Le Mans during the Fifties, looks fresh and modern.

“The XKE isn’t simply one of the greatest car designs of the 20th century, it’s one of the greatest designs of all time,” said Bill Warner, founder and Chairman of the Amelia Island Concours d’Elegance. “The XKE is so beautiful and perfectly proportioned that Jaguar’s American ad agency simply put pictures of a red coupe and roadster on a white background in their magazine ads with the tag line ‘This is the new Jaguar XK-E!’. The shape sold the car. No gimmicks, no slogans, just that perfect XKE shape.”

For more information about the Amelia Island Concours d’Elegance scheduled for March 9-11, 2018, please visit https://www.ameliaconcours.org/

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