Rapidly appreciating cars can cool just as quickly

According to the latest Hagerty Vehicle Ratings, previously scorching models like the Ford GT, the 1964-67 Porsche 911 and the 1984-89 911 are suffering minor hangovers now that interest has waned. These cars find themselves in the bottom following massive supply spikes – the direct result of lots of high-profile sales. Expect this to be a temporary blip as buyers stop chasing rising values with aspirational asking prices and supply begins tightening up.

Major inversions also occurred with the Porsche 924 (rated an 82 in July) and the DeTomaso Pantera (a 60 in July). Both have cooled considerably over the past two months, and now sit at a 20. The already cool first-generation Corvair got downright icy, losing 38 points to settle at an 8.

Another theme is that classic British cars continue trailing the market. In fact, six of the bottom 25 models hail from England. The Austin-Healey 3000, Jaguar XK120 and Mk IV Austin-Healey Sprites occupied similar spots in the July rating, but they are now joined by the MG-TF, the Triumph TR4 and the Rolls-Royce Corniche. It seems that shifting preferences towards more modern cars is coming at the expense of models from the Land of Hope and Glory.

The full list of the 25 lowest rated vehicles is as follows:

The Hagerty Vehicle Rating is a 0-100 score that tracks a car’s value change compared to the entire classic-car market. A car with a rating higher than 50 means it is appreciating faster than the overall market. A score below 50 means the car is lagging. While our rating algorithm uses Hagerty’s extensive valuation database and detailed market data—we go deep and include the number of recent insurance quotes and auction sell-through rates—the usual disclaimers apply: Use this score as a guide and not an indication of future results.