Mark Quinlan •8 January, 2025
US-based enthusiast automotive brand Hagerty has released its Hagerty UK Bull Market List of the Top 10 great buys in 2025, which may be a handy pointer to similar rising values in Australia.
Hagerty UK has announced its 2025 UK Bull Market List, a selection of 10 cars it believes will be great buys in 2025. Some are predicted to rise in value in the future, others have been selected for their strong value-for-money, still others for their rewarding ownership experience.
There’s something for everyone among Hagerty’s Top 10 picks, from the classic British Austin-Healey 3000 roadster, to the luxurious Rolls-Royce Silver Shadow II, the rally-bred Subaru Impreza P1, and Italian thoroughbred Ferrari F355.
The cars have been selected by Hagerty UK valuation specialists who track changes in vehicle values to compile the respected Hagerty Price Guide.
While there’s no guarantees that Aussie values will follow the same trends and trajectory as the UK, it’s useful intelligence for local classic car market watchers.
For 2025 they have chosen a wide selection of models, from the humble Peugeot 106 to the cult status Subaru Impreza P1. There’s opulence in the Rolls-Royce Silver Shadow II and driving adventures in the Austin-Healey 3000 and Porsche 912.
The Alfa Romeo 147 GTA is Hagerty’s Hot Hatch Pick for its understated looks and incredible performance. Values have risen steadily in recent years with the very best examples fetching well over £20,000 ($AU$40,000).
Described as the spiritual successor to the 105 series Alfa Romeo GTA coupes that made such an impact on both road and racetrack back in the 1960s and ‘70s, Hagerty says the 147 GTA is “every bit the Alfa Romeo, with Italian character and performance to match.”
“Its 3.2-litre six-cylinder Busso engine is now considered to be one of the finest engines ever produced. The interior reflects the Italian craftsmanship of the era with exemplary materials and comfort combined with sporty details.”
The company said the Italian hot hatch continues to increase in popularity, with many younger buyers seeking it out to enjoy the Alfa Romeo experience.
The quintessentially British Austin-Healey 3000 sports car is Hagerty’s Best of British Index Pick, the company describing it as an affordable and usable classic, that in recent years has also found favour with many younger buyers.
Hagerty said the Austin-Healey 3000 was one of the most popular big Healeys and has been loved by multiple generations since it first entered production in 1959.
The stylish sports car wins plenty of fans with its roadster character and charm, but was also highly competitive on some of the world’s great race tracks, including Le Mans and Sebring, during its heyday.
The Hagerty valuation team said Austin-Healey 3000 values have been flat over a long period of time, with price guide values for an excellent example varying by less than 10 percent since May 2015.
“In real terms, accounting for inflation, that means the model is much more affordable than it was a few years ago.”
Hagerty’s Gold Index Pick for 2025 is the Ferrari F355, the company describing the mid-1990s Italian sports car as ticking all the right boxes with its famous Maranello badge, pop-up headlights, a beautiful design and a mid-mounted 3.5-litre hand built V8.
Manufactured between 1994-1999, the F355 was based on the Ferrari 348 with improved performance, aerodynamics and usability. Its five-valve cylinder head helped generate more power and changes to the transmission made it more reliable than the 348. Six-speed manual models are the more collectible, but the F355 also goes down in history as the first road car to feature an F1-style automated manual paddle-shift.
The F355 was available as a Berlinetta coupé, Spider and GTS targa-top. Those who wanted even more performance could opt for a Fiorano handling pack, with these models proving a rare find these days. Highly collectible, the F355 is also a comfortable sports car to enjoy on a regular basis.
The Hagerty valuation team said the F355 was considered by some enthusiasts to be a peak driver’s Ferrari, mixing 1980s-inspired design and analogue engineering.
“A relatively new addition to the UK Hagerty Price Guide, values have risen recently, up 6.2 percent in the past three years to £73,300 (A$146,600) for a standard Berlinetta in excellent condition. In the US, growth has been even more extreme, and the Guide price for the same model there is now US$196,000 (AU$304,000) although this includes a 25 percent premium for manual gearbox examples.”
Maserati has used the Ghibli name on three models since the 1960s, with the Hagerty 2025 Bull Market Italian Pick being the AM336, produced between 1992-1998. Designed by the late Marcello Gandini, the '90s Ghibli was an evolution of the Maserati Biturbo.
Flared wheel arches, a high boot and handcrafted interior gave this two-door coupé more presence and style than its predecessor, but the engines were the real attraction, with a 2.0-litre or 2.8-litre twin-turbo V6 on offer.
The Hagerty valuation team said the Maserati Ghibli model range offers a car for many different price points. Base Biturbos with middling miles are still for sale in the UK for under £10,000 (A$20,000), with a good Spyder asking double that, while a top-of-the-line Shamal in excellent condition valued at £53,000 (A$106,000).
A word of caution, however, is that Ghibli with the cheapest price on the windscreen may be expensive to maintain, with 1980s/1990s-era Maserati often requiring potentially significant repair and maintenance bills.
The Peugeot 106 was never imported to Australia and only a few ever made it here, but in Europe this tiny hot hatch and its badge-engineered doppelganger the Citroën Saxo were 1990s boy racer favourites.
Produced between 1991-2003, the Hagerty Quirky Pick was available in anything from a basic 1.0-litre petrol version to the entertaining GTi and Rallye variants.
A small car, with a big personality, the 106’s interior combined French quirkiness with practical simplicity. They were also easy to work on and many were the subject of extensive modifications, making pristine original examples rare and increasingly sought after today.
The Hagerty Valuation Team said the Peugeot 106 represented great value compared with some of its rivals, with a Series 1 106 Rallye in excellent condition listed at £12,400 (A$24,800). That’s around 32 percent less than its older and more famous relative, the Peugeot 205 Rallye.
With its homologation credentials, limited numbers and instantly recognisable looks, the Peugeot 106 ticks many of the requirements of a collectable car, but originality is critical and increasingly hard to find.
In the 1960s, Porsche wanted a car that fitted between the 356 and the 911. That car was the 912, a sports car that had all the looks of the 911 and the same level of build quality and comfort, but at a much lower price. It was also cheaper to run, thanks in part to the use of the four-cylinder 616 engine from the 356.
Today the 912 is becoming more sought after, not just for its great value but because it is both dynamic and usable, with easier to manage handling and performance compared to the 911, according to Hagerty.
“With a Porsche 912 you get the early 911 experience for a fraction of the price. Other than very early 912s, the vast majority of the car is identical to its six-cylinder sibling, sharing the same interiors, bodywork, suspension and electrics, only the engine is different,” the Hagerty Valuation Team said.
Prices for the 912, which is the Hagerty 2025 Classic Pick, remain stable and are not expected to rise dramatically. Excellent left-hand drive examples are listed at £57,800 (A$115,600) with right-hand drive models attracting a large premium.
The Range Rover P38 arrived in 1994 as the successor to the original classic model. It featured a more rounded exterior design, while the interior had all the hallmarks of the model, including lots of wood and leather and an elevated driving position that made occupants feel as though they were above everyone else.
The P38 was available with an updated version of the traditional Rover V8 or a turbo-diesel engine from BMW. The combination of luxury and legendary off-road capability ensured it remained a popular choice.
Despite becoming well-known in recent years for reliability issues, a good example of the car that is the Hagerty Off-Road Pick can still deliver a pukka Range Rover experience.
“The P38 Range Rover is a car that is currently extremely affordable, with the cheapest runners advertised for under £1000 and even top-spec, limited edition models with extremely low mileage in concours condition rarely reaching over £15,000. Plus, they are getting rarer… Find an original, well-maintained example, and it could offer a lot of value for money,” the Hagerty Valuation Team said.
Rolls-Royce introduced the Silver Shadow in 1965 but updated the model for the final few years of its life, creating the Silver Shadow II in 1977.
Representing the ultimate in luxury motoring at the time, Hagerty say they remain wonderful cars to own and enjoy, providing an element of glamour as well as superb ride comfort and the status of driving a car with the Spirit of Ecstasy up front.
Values vary immensely but so too do the maintenance costs, making the Hagerty 2025 Luxury Pick one to choose carefully.
“Prices for the Silver Shadow II have been relatively static, only £100 (A$200) higher today for an excellent example than in December 2021. The big difference has been in the top examples, with a concours condition value up over 20 percent during the same period to £31,900 (A$63,800). This is a good sign as a rise in top examples often encourages more to be spent on maintaining other, less pristine cars,” the Hagerty Valuation Team said.
Developed by renowned motorsport specialist Prodrive with Subaru UK back in 2000, the Subaru Impreza P1 was a limited-edition road car homologated specifically for the UK market.
Only 1000 examples were built, each featuring design changes by Peter Stevens of McLaren F1 fame, and engine upgrades that delivered 276bhp (205kW).
The Prodrive 1 or P1 came only in Sonic Blue and its chassis and suspension were specifically tailored for British roads, including the introduction of ABS for the first time. Electrically adjustable Recaro seats sported the P1 logo, which also adorned the huge rear wing.
Hagerty says prices for the first-generation Subaru Impreza are increasing, particularly for revered models like the flagship 22B, with the P1 representing a great value way into the legendary rally-bred sports saloon.
“Prices have risen a lot in the last few years – the UK Hagerty Price Guide ‘Excellent’ value was £32,000 (A$64,000) in September 2022 and two years later was £50,500 (A$100,100) but Hagerty believes prices may well increase further still,” the Hagerty Valuation Team said.
A word of caution, however, is that many of these cars have been driven hard, and the gulf between top and bottom values is huge, with Hagerty’s ‘fair’ price a whopping 61 percent lower than top concours value.
The original Toyota RAV4 is hardly the first vehicle that springs to mind when thinking about classic cars, but it is a significant vehicle in that it is attributed with starting the modern era of compact crossovers and small SUVs.
Suzuki and Daihatsu may take issue with that, given their more off-road focused compacts the Vitara and Feroza were well ahead of the RAV4, but history is written by the victors and with over 10 million RAV4s sold since the model’s introduced in 1994, Hagerty reckons it’s the Unexceptional Pick in the 2025 Hagerty Bull Market report.
The Recreational Active Vehicle with 4-wheel drive (RAV4) provided all the passenger and luggage space people needed, together with more ground clearance, a higher driving position, improved visibility over regular cars and the option of full-time four-wheel drive. Short and long wheelbase models were available and there was even a fully electric version, the RAV4 EV, although these are the rarest of all.
“Legendary Toyota build quality, combined with an instantly recognisable design and very low current prices mean…the RAV4 is a great entry-level classic,” the Hagerty Valuation Team said.
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