Why Are Classic Cars Fetching Such High Prices at Auction?
If you’ve been keeping an eye on the classic car market lately, you might’ve noticed some jaw-dropping numbers. Take the recent sale of a Ford Escort for nearly £300,000—yes, you read that right. So, what’s fueling these sky-high prices? It’s not just nostalgia at play. Rarity, provenance, and a growing international appetite for unique vehicles are all driving factors.
Collectors are increasingly viewing classic cars as investments, not just weekend toys. According to a 2023 report from Knight Frank, classic cars outperformed many traditional asset classes over the past decade, with values rising by more than 185% since 2012. That’s a staggering return, and it’s no wonder people are willing to pay a premium for models with a storied past or limited production runs.
But it’s not just the big-ticket Ferraris and Lamborghinis making headlines. Humble models with motorsport heritage or celebrity connections—like that record-breaking Escort—are also commanding serious cash. It’s a reminder that in the world of classics, the story behind the car can be just as valuable as the car itself.
Are Electric Vehicles Like the BMW i3 Bucking the Resale Value Trend?
Let’s be honest: the used electric vehicle (EV) market has been a bit of a rollercoaster lately. Many EVs have seen their values dip as new models with longer ranges and faster charging hit the scene. But there are exceptions, and the BMW i3 is a standout.
Why is the i3 holding its value when others aren’t? For starters, its quirky design and innovative engineering have aged surprisingly well. The i3 was ahead of its time, with a lightweight carbon fiber structure and a genuinely fun driving experience. As a result, demand remains strong, especially for well-maintained examples with the range-extender option.
Recent data from Auto Trader UK shows that certain trims of the i3 have depreciated far less than comparable EVs. This suggests that buyers are looking for something unique—an EV with character, not just range. If you’re considering an electric car that won’t lose half its value overnight, the i3 deserves a closer look.
Should You Be Using a Dashcam in Your Car?
Dashcams have gone from niche gadgets to must-have accessories for many drivers. But is it really worth installing one in your car? The short answer: absolutely.
Having a dashcam can be a lifesaver if you’re ever involved in an accident or dispute. Insurance companies increasingly accept dashcam footage as evidence, which can speed up claims and help establish fault. According to a 2022 survey by the RAC, nearly 30% of UK drivers now use dashcams, and many insurers offer discounts for customers who have them fitted.
But it’s not just about protecting yourself. Dashcams can also capture those unexpected moments on the road—think meteor showers, wildlife encounters, or the occasional viral-worthy mishap. Just remember to check local laws about where you can mount your camera and how you use the footage.
What Else Are Enthusiasts Talking About This Week?
Beyond the headlines, car enthusiasts are buzzing about everything from new EV launches to the latest motorsport drama. Listener correspondence is a big part of the conversation, with questions ranging from the best way to store a classic over winter to tips for first-time auction buyers.
One recurring theme: the importance of community. Whether you’re restoring a vintage Mini or debating the merits of the latest electric SUV, the shared passion for cars brings people together. Podcasts like My Week In Cars tap into this energy, offering a space for lively debate, expert insights, and the occasional friendly disagreement.
How Can You Stay in the Loop with Car Culture and News?
If you’re keen to keep up with the fast-moving world of cars—whether it’s classic auctions, EV trends, or practical advice—there’s never been a better time to tune in. Podcasts are a fantastic way to stay informed while you’re on the go, and subscribing ensures you never miss an episode.
But don’t just listen passively. Get involved. Send in your questions, share your own stories, and connect with other enthusiasts online or at local events. The car world is always evolving, and your perspective could be the missing piece in someone else’s journey.
The Takeaway: Why Car Conversations Matter
At the end of the day, cars are about more than getting from A to B. They’re rolling pieces of history, technology, and culture. Whether you’re fascinated by six-figure auction results, curious about the future of electric vehicles, or just want to know if a dashcam is worth it, there’s always something new to discover.
So keep asking questions, stay curious, and don’t be afraid to join the conversation. After all, the best journeys are the ones we share.