Current market report: HAGI Mercedes-Benz Classic Index (MBCI) in August 2013

Current market report: HAGI Mercedes-Benz Classic Index (MBCI) in August 2013
13.
September 2013
Stuttgart
Numerous exclusive Mercedes-Benz classics are among the world’s most valuable vehicles. The Mercedes-Benz Classic Index (MBCI) by Historic Automobile Group International (HAGI) maps market developments. Here are the latest comments on the price performance of the MBCI in August 2013.
In August 2013 the MBCI fell slightly by 0.75 points (0.54 per cent) to an index price of 138.84. Nonetheless the index is still maintaining its positive development, with an increase of 23.69 per cent since the beginning of this year. This means that the MBCI is considerably above the long-term annual average measured by HAGI. The HAGI Top Index, which covers selected classics of various brands, increased by 9.31 per cent in August. Over a 12-month period the HAGI Top Index has now shown an increase of 19.35 per cent.
In August the index was influenced by numerous auction results in Monterey, California. But despite the summer break, there was also active trading in the private market. The pricing pattern of e.g. the Mercedes-Benz 300 SL Roadster (W 198) recorded further gains, but this was counteracted by other heavyweight models in the index such as the 190 SL (W 121), which declined slightly.
Pre-war classics from Mercedes-Benz continue to maintain their significance for the index. Particularly the six- and eight-cylinder supercharged models are among the icons in major collections. The increasing performance of this index group is evidenced by the fact that many of these vehicles take first place or win prizes in various Concours d’Elegance events. For example, the group of S models (W 06) was temporarily able to increase its index weighting from 11.7 per cent in July to 15.5 per cent in August.
The restoration and replacement parts business is also benefiting from this value increase. It means that it is more and more frequently worthwhile to restore certain vehicles, even though the costs for such a restoration are also rising. Developments over the last few years show that particularly vehicles restored with great cost and effort constantly gain in value. In California, for example, a Mercedes-Benz 300 d Cabriolet D (W 189) recently sold for just under half a million US dollars at auction.
Other key indicators and index charts can be found in the HAGI MBCI Factsheet, which is available for download from the HAGI website at (registration and login required).
Mercedes-Benz Classic Index (MBCI) background
The HAGI indices were first presented in January 2009. They are available for various car brands, and have established themselves worldwide as a value indicator in the classic vehicle market. They work on the same principle as indices for stocks and shares, but reference high-value classic vehicles as capital investments. The Mercedes-Benz Classic Index (MBCI) was launched in 2012, and initialised on 31 December 2011 with a value of 100 pounds sterling. It now maps the performance for 29 Mercedes-Benz classic vehicles. 23 of these models are among the historically most important classic cars altogether.
All HAGI indices are weighted according to surviving vehicles rather than using only production figures as a basis, as the latter are not very meaningful for vehicles aged 30 years or more. The MBCI pools more than 30,000 surviving Mercedes-Benz vehicles with a capital value of over 4 billion pounds sterling (as of 2012: equating to over € 4.9 billion). These vehicles come from the period 1926 to 1995. The index also takes other parameters into account to produce as accurate an overall picture as possible.
Background: Historic Automobile Group International
Historic Automobile Group International (HAGI), founded in 2007, is an independent research institute for investments and specialises in rare classic automobiles. The HAGI Top Index is published monthly on the websites of the Financial Times and Handelsblatt. The aim is to create market transparency and enable buyers and sellers to make well-founded decisions on the basis of indicative data. HAGI maintains a database containing more than 100,000 actual transactions. The entries begin with the production date of the vehicle and are updated on a daily basis. The data mainly come from four sources: private contacts, brand specialists, dealers and auction results.

Media

  • 1998M394
    Stylish and safe: Mercedes star at the front end of an S Class Saloon from the 140 model series, 1991.
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