The UK classic car market is no doubt facing a bit of a tough correction in 2025, with values sliding, auctions struggling and in some areas, sellers finding fewer eager buyers. According to Hagerty’s UK Price Guide, almost half of all tracked models fell in value over the past year, while only around 8% saw any gains. Rising interest rates, the cost-of-living crisis and global instability have combined to squeeze our disposable incomes, leaving many classic car buyers feeling cautious about big-ticket purchases. Added to this, it’s likely that changes in the upcoming November budget could dampen confidence further. For sellers, it means realistic pricing and savvy timing are more important than ever in today’s used Porsche market…
A market in soft correction, not collapse, however…
Despite the appeal and lasting charm of classic cars, the UK market is in a notable correction. According to the Hagerty’s guide, for summer 2025, of 3,000 tracked car models:
- 46% fell in value over the past year
- Another 46% remained flat
- Only around 8% rose in value
The market, which started to bloom during the pandemic years, has since returned to more realistic, pre-pandemic levels. At an RM Sotheby’s auction held at Cliveden House over the summer, attendees discovered that bidding was muted, sale prices slipped and several notable vehicles failed to clear their reserve prices (including Jeremy Clarkson’s 1996 Ferrari F355 GTS…)
How much is your Porsche worth, you may ask?
Well, the answer to that is, ‘How long is a piece of string? (We’d be here all day as well if we started listing prices!)
Despite standout successes, Heritage Insurance warns however that 88% of their most-tracked 200 car models have fallen in price over the past year, reflecting the broad-based nature of the correction. So essentially, it seems it depends on whether you are one of the lucky ones who has something very much in demand, if you want to achieve a top price at the moment!
Is it a buyer or a seller’s market?
The TV star Mike Brewer, of Wheeler Dealers, suggests the current lull could be a golden opportunity for buyers, but that it could be harder going for sellers. He estimates that in general, classic car prices have dropped around 10-20% over the past six months or so, predicting further changes for another six to eight months. He points to economic pressures such as the energy crisis and high mortgage rates as some contributors to the unsettled market.
Certainly, the cost-of-living pressures are present for many of us, which means that skipping experiences or halting making secondary purchases like classic cars can follow rising everyday costs. Global instability can often spill over into discretionary markets like collectibles, including cars. There has certainly been some auction-floor anxiety - eyewitness accounts at RM Sotheby’s events suggest subdued sentiment and reticence from buyers over the previous months.
Some selling tips for today’s sellers
It’s tough, but it’s not all doom and gloom! Here’s a few tips to help you, if you are trying to sell your classic Porsche…
Set realistic expectations from the beginning
With only a certain percentage of models rising, expect flat or lower pricing unless your model is undeniably hot or rare!
Your time and research will matter…
Some 80s and 90s ‘modern’ classics for example are bucking the trend - but most are not. Do your due diligence on your specific model’s demand and recent sale prices before preparing to sell.
Market strategically!
Auction results suggest that the more targeted sales, via clubs or niche platforms, may yield better outcomes than more generalist listings.
Consider holding if you can
With forecasts for further price softness, your patience could potentially pay off, particularly for well-maintained or iconic models.
Contact us, of course!
You can go online to Porschebuyer.co.uk and fill in our free valuation form, and we will quickly get back to you with an offer to purchase if it’s something we would buy.
The UK classic car market is currently defined by contrasts, with a few standout successes set against a backdrop of more widespread corrections. With almost half of tracked models losing value and only a small minority appreciating, selling has become a bit of a more demanding task. Tax rises, squeezed household budgets and subdued auction rooms all add to the pressure. Yet, within this period of adjustment lies opportunity; for buyers, the chance to secure a classic Porsche at more accessible prices, and for sellers, the potential to succeed through careful timing, realistic pricing and a sharp approach to marketing. Good luck!