The average values of 20-year-old Ford Mondeos, Vauxhall Corsas and Renault Meganes has soared so much in recent years that they have out-performed the stock market and the price of gold, according to the latest report.
The cost of early noughties examples of the Corsa have shot up 93 per cent in the past four years – with a study by Auto Trader finding that the humble supermini – was top of the league for modest motors gaining value.
They found that the price of these once common cars 20 years ago have easily out-performed the price of property and the FTSE over the past four years.
The cost of the average second-hand Corsa from 2003 has jumped from £1,136 since 2019 to £2,197 today.
In the same time, gold has risen in value by 21 per cent, UK homes by 24 per cent, and the FTSE by a measly three per cent.
The value of Ford Mondeos (pictured) has soared along with Vauxhall Corsas and Renault Meganes – as second-hand cars have out-performed the stock market and the price of gold (File image)
The cost of the second-hand Vauxhall Corsa shot up 93%t in the past four years (File image)
Corsa owner Andy Fitzgerald, 43, of St Albans, Herts, said his 2002 example has 120,000 miles on the clock but is still going strong.
The garage owner said: ‘I love my little Corsa, but if someone offered me two grand for it, I’d bite their hands off.’
A spokesman for Auto Trader said: ‘Vauxhall Corsa owners could be sitting on a goldmine, with the model increasing in value by 93 per cent over the past four years.
‘This rate of growth is significantly higher than other assets, with prices for gold increasing by 21 per cent, the average UK house price increasing by 24 per cent and the value of the FTSE 100 growing by only 3 per cent in the same timeframe.’
Erin Baker, of Auto Trader, said: ‘While you might not think your car is old enough to be a classic, it may hold a hidden value – so don’t view it as another junk item.
‘Auto Trader’s completely free valuation service is used by millions of drivers across the UK.
‘Using only independent market data taken from millions of vehicles each day, it provides a totally unbiased valuation in minutes. It is the platform to find out what your car is really worth.’
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