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Classic Cars Are More Affordable Now and Hold Their Value Better Than Modern Cars

Posted: Wednesday, 10 December 2025 @ 14:14
Austin Healey sports cars parked at a lakeside classic car meet with owners chatting on a summer day.

Why Classic Cars Make More Sense Than Ever

Classic cars are no longer reserved for wealthy collectors. In fact, the market in 2024 and 2025 has opened one of the best buying windows in years. Prices for many models have softened, which means enthusiasts and first time buyers can get into their first classic at levels we have not seen for a decade.

The real surprise is what happens after you buy. While a new car usually plummets in value, a well chosen classic can hold its money far better and, in many cases, recover after short term dips.

Modern Cars Depreciate Fast

The average new car follows a familiar pattern. Market data from Auto Trader, Webuyanycar and other analysts shows that:

  • Year 1: many new cars lose around 20 to 30 percent of their value
  • Years 2 to 3: typically another 10 to 15 percent per year
  • By Year 5: it is common for a car to have lost around 50 to 60 percent of its original price

To put that into context, take a typical £78,000 luxury car bought in 2015. Apply those averages and:

  • After three years it could have fallen to around £31,000
  • By year ten you are down nearer £18,000 to £20,000

All the while you are funding complex servicing, software updates and repair bills that often start with a laptop rather than a spanner. If you are feeling the squeeze from the cost of living, that kind of depreciation curve is hard to justify.

Line graph comparing the value of an Austin Healey 3000 BJ8 with a modern luxury car between 2015 and 2030.

Classic Cars Tell A Different Story

Now look at a car like the Austin Healey 3000 BJ8.

Hagerty’s 2025 Bull Market report highlights the 3000 as its Best of British pick and notes that guide prices for an excellent example have moved by less than ten percent since 2015, sitting at around £45,400 today, with a typical value range from roughly £22,900 to over £70,000 depending on model and condition. (Hagerty UK Bull Market List)

Independent market data tells a similar story. The Classic Valuer’s Austin Healey 3000 Mk III guide shows a median sale price of around £37,800 and a highest recorded sale of just over £72,000 based on more than one hundred tracked sales. Meanwhile, Car & Classic’s price trends put the overall average 3000 sale price at about £52,700, with recent transactions ranging from the mid teens to well into six figures.

The graph in this article uses those guides as a basis to show how a well regarded classic like an Austin Healey 3000 can fluctuate with the market yet broadly hold its value over time, especially when compared with a modern luxury car that slides steadily towards the bottom of the graph.

That does not mean every classic is a guaranteed investment. Nothing is. It does mean that a well bought Healey behaves more like a piece of usable artwork than a disposable appliance.

Classic Cars Tell A Different Story

Now look at a car like the Austin Healey 3000 BJ8. The figures below reflect trends seen in the Hagerty UK Price Guide and classic auction results over the past decade:

  • £54,600 in 2015
  • Peaked at around £68,640 in 2022
  • Market adjusted dip to around £39,000 in 2025
  • Forecast to rise again towards around £49,700 by 2030

Classics do not follow a straight line downwards. They move with market tastes and supply. The important point is that the car does not become effectively worthless the moment a newer model arrives in a showroom.

This does not mean every classic is a guaranteed investment. Nothing is. It simply means that a well chosen car tends to behave more like a piece of usable artwork than a disposable appliance.

Why Classics Appeal To A New Generation

More and more owners in their twenties and thirties are discovering that a classic is not about nostalgia for a world they never knew. It is about escaping touchscreens and endless software updates.

  • Analogue controls that feel alive rather than filtered
  • A hobby that teaches real mechanical skills
  • Cars that look different to everything else in the supermarket car park
  • A community that exists offline as well as online

Many new owners start with a driveway, a basic tool kit and a willingness to search for "SU carb tuning tips" at midnight. The classic scene is full of people happy to share knowledge, parts and tea.

Looking At Environmental Impact Properly

One of the biggest myths, especially on social media, is that classic cars are automatically bad for the environment. That view usually looks only at tailpipe emissions from an old petrol engine and ignores everything that happens before and after the car is driven.

From Raw Materials To Recycling

To understand environmental impact you have to look at the whole life of a vehicle, including:

  • Raw material extraction
  • Manufacturing and assembly
  • Transport to dealers and then to the first owner
  • Annual mileage over its working life
  • Maintenance and repair
  • End of life disposal and recycling

Most of the carbon cost of a car is created before it has even turned a wheel.

Young couple driving an Austin Healey Sprite along a country road on a sunny day.

Where Classics Fit In The Life Cycle

A classic Big Healey, Sprite or MG has already had its manufacturing impact. That cost was paid decades ago. Today it covers relatively low annual mileage, is maintained and repaired rather than scrapped, and often stays on the road for generations.

By contrast a new EV or modern internal combustion car arrives with a very large carbon footprint from raw materials, battery production, shipping and factory energy use. Those emissions can be greater than the total emissions from a lightly used classic over many years of weekend driving.

Classics are not clean at the tailpipe. We should not pretend otherwise. But once you look at the full life cycle, they often compare very favourably with constantly replacing daily drivers with the latest model.

Automotive product life cycle diagram showing raw materials, production, in use and disposal or recycling.

Lower Impact Ownership In The Real World

A classic is rarely used as a commuter. For most owners it is a second car and a hobby. That usage pattern makes a huge difference.

  • Typical annual mileage is often under 1,200 miles
  • Cars are repaired and upgraded rather than thrown away
  • Parts are reused, refurbished and traded within the community
  • Owners learn to maintain the car themselves, which reduces waste

In many cases a classic car used sparingly can produce less total CO2 over its remaining life than building and running a brand new vehicle. Put simply, keeping an existing car going is often better than replacing it with something new, no matter how clever the technology.

Cost Of Ownership: Better Than Expected

This is where younger enthusiasts are often most surprised. A classic can be easier on the wallet than many modern cars.

  • Lower insurance with classic policies and limited mileage
  • Zero road tax for historic vehicles
  • Parts prices that are often far lower than modern electronics
  • DIY friendly mechanics with no diagnostic subscription required
  • Huge community support online and at local clubs

If you are under 25 or just starting out with classics, our guide is a useful next step: Classic Car Insurance Under 25 (How To Make It Work).

Why Classics Fit Modern Values

Look beyond the chrome and you will find that classics line up very neatly with a lot of current thinking around sustainability and wellbeing.

  • Reuse, not replace by keeping an existing car on the road
  • Repair culture that values skills and craftsmanship
  • Community built around shared knowledge and real world events
  • Analogue experiences that encourage you to switch off from screens
  • A sense of achievement when a job goes right and the car fires on the first turn of the key

If you enjoy restoration stories, have a look at how Bob Hill brought his Austin Healey BJ8 back to life with help from JME Healeys and parts from A H Spares: Read Bob Hill's BJ8 Restoration Story.

Why The Next Few Years Look So Promising

Putting it all together, there are several reasons why 2026 and the years that follow look like an ideal time to step into classic ownership:

  1. Prices are more accessible than they have been for some time
  2. Well chosen classics hold their value far better than most new cars
  3. The true environmental impact is often lower than people assume
  4. There is a growing younger community on TikTok, Instagram and YouTube
  5. Market forecasts suggest steady demand between 2026 and 2030 (global classic car market forecast)

Whether you have your eye on a sporty Austin Healey 3000, a pocket sized Frogeye, a spritely MG or another classic entirely, it is a very good moment to start learning, planning and saving. If you already own a Healey and want to keep it reliable, our technical guides are a useful place to begin, for example Does Your Austin Healey Need A New Thermostat.

If you are ready to see what is out there, take a look at our Healeys For Sale listings where owners from around the world advertise Austin Healeys, Sprites and Midgets. It is an easy way to get a feel for prices, condition and what your first classic might look like.

Browse Healeys For Sale

You do not need a stately home or a bottomless bank account. You just need some enthusiasm, a bit of patience and a car that makes you look back every time you walk away from it.

Classic Car Ownership Questions Answered

Are classic cars really more affordable than modern cars?

They can be, yes. A new car often loses 50 to 60 percent of its value within the first five years and comes with finance payments, complex servicing and expensive electronics. A well chosen classic may hold its value far better, avoid monthly finance and use parts that are usually cheaper than modern control modules. You still need to budget sensibly, but the cost of ownership can be much kinder than people expect.

Is a classic car a guaranteed investment or profit maker?

No. Classics are not guaranteed to rise in value and anyone who promises that is being optimistic. What the data does show is that good cars with strong following and limited supply tend to hold their money far better than most new cars, especially over the long term. The safest approach is to buy a car you love, maintain it well and regard any future value increase as a bonus rather than a promise.

How much mechanical skill do I need to own a classic?

You do not need to be a trained mechanic. Many owners start with basic tools and learn as they go. Classics like Austin Healeys and Sprites are far more straightforward to work on than most modern cars, with plenty of room under the bonnet and no need for dealer diagnostic software. There is a huge amount of guidance online and in club communities, plus suppliers like A H Spares who can help you find the right parts and information.

Are classic cars bad for the environment compared to new EVs?

At the tailpipe, an old petrol car produces more emissions than a new EV. However, once you look at the full life cycle from raw materials to manufacturing, shipping and disposal, the picture changes. A classic has already had its manufacturing impact and usually covers very low annual mileage. A new EV arrives with a large carbon footprint before it has turned a wheel. Used sparingly, a classic can produce less total CO2 over its remaining life than building and running a brand new vehicle.

Can I use a classic car as my daily driver?

You can, but it is not always the most practical choice. Most owners treat a classic as a second car and a hobby, which keeps mileage low and wear under control. Weather, security, storage and comfort all matter if you plan to use a Healey every day. Many younger enthusiasts choose a sensible daily driver and a classic for weekends and trips, which is usually a good balance.

Is classic car insurance affordable for younger drivers?

It can be surprisingly reasonable, even if you are under 25, as long as you pick the right policy and keep annual mileage sensible. Classic insurers look at how the car will be used, stored and maintained, rather than treating it like a commuter hatchback. If you are starting out, have a look at our guide: Classic Car Insurance Under 25 (How To Make It Work).

What about parts availability for Austin Healeys and Sprites?

Parts availability is one of the biggest strengths of the Healey world. Everything from service items to full body panels, interior trim, suspension, brakes and electrical components is available new. A H Spares has specialised in Austin Healeys and Sprites for decades, which makes it much easier to keep cars safe, reliable and enjoyable to drive without hunting for obsolete items.

Where should I start if I want to buy my first Austin Healey?

A good first step is to spend some time looking at real cars and prices. Our Healeys For Sale listings bring together Big Healeys, Sprites and Midgets advertised by owners around the world. That will give you a feel for condition levels, budgets and which models appeal most before you book any viewings or inspections.


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