Young drivers are increasingly turning to retro cars as investment opportunities, with many seeking to profit from these nostalgic vehicles in the coming years. Research conducted by Cazoo highlights a growing trend among younger car enthusiasts, particularly those from Generation Z, who view classic models as both personal expressions and valuable assets.
According to the findings, 27% of Gen Z respondents expressed an intention to purchase a retro car within the next decade, surpassing the 19% of Millennials who shared the same sentiment. Notably, 68% of those surveyed emphasized the importance of a car’s potential to retain or increase its value when deciding on a purchase. Among individuals considering vehicles as investments, an impressive 89% stated that value retention and appreciation are crucial factors in their decision-making process.
With many young people facing challenges in the housing market, retro cars are emerging as a more accessible asset class. These vehicles not only offer a tangible investment but also evoke personal nostalgia. Lucy Tugby, Marketing Director at Cazoo, noted, “Cars have always been about freedom and individuality – but for Gen Z, they’ve also become a way to invest in something tangible and lasting.”
In light of these trends, Charlie Harvey, Cazoo’s Motoring Expert and a retro car enthusiast, has identified several models that he believes are poised to become future classics.
Top Retro Cars to Consider
The following vehicles have been highlighted for their potential appeal and investment value:
Toyota MR2: Known for its sporty design, the Toyota MR2 is an excellent entry point into classic sports car ownership. Currently affordable and easy to maintain, it features a mid-engine layout that delivers an agile driving experience.
Classic Mini: Produced from 1959 to 2000, the Classic Mini is an iconic choice that remains popular due to its distinctive charm. Its affordability and the robust support from an active owner community make it a practical option for new collectors.
Mazda MX-5: This back-to-basics roadster, which channels the spirit of British sports cars, has gained classic status. While still relatively economical, prices for early models are beginning to rise as demand grows.
Nissan 300ZX: Once overshadowed by other Japanese classics, the Nissan 300ZX is a highly advanced vehicle that may require a budget for maintenance. Its unique engineering and performance make it a noteworthy investment.
VW Corrado: The VW Corrado, particularly the VR6 versions, is a striking coupe that stands out in the market. With prices starting around £6,000, it represents a rare combination of performance and rarity.
Ford Fiesta: As production of the Fiesta concluded in 2023, this model has become a nostalgic favorite. Sporty editions like the XR2 and RS Turbo have gained significant value, while more ordinary models remain accessible.
Honda Prelude: The Honda Prelude, with its distinctive coupe shape, is likely to see increased interest, especially with the revival of the Prelude name for a new model.
Ford Puma: The original Ford Puma was known for its excellent handling and stylish design. Available for less than £4,000, it remains a fun and affordable classic option.
BMW 3 Series (E36): This generation of the 3 Series is quickly becoming a rare find, with rising prices reflecting its desirability. Buyers should be cautious of rust and condition when searching for this charismatic sports saloon.
The revival of interest in retro cars among young drivers is reshaping the used-car market. With an emphasis on investment potential and personal connection, these nostalgic vehicles are poised to capture the hearts—and wallets—of a new generation.
