The Jaguar E-Type, previously regarded as a star of the classic car market, is falling out of favour as collectors shun it and other traditional classics for younger vehicles from the 1990s.
According to Hagerty, a classic car insurer, the average price of an E-Type S1 3.8 coupé has dropped from £89,575 to £72,250 in the past two years. For that other coveted classic, the Aston Martin DB6, the slide has been even steeper: down from £344,000 to £190,500. Across a basket of five traditional classic cars, prices are down by an average of 13%.
Explaining the price falls, John Mayhead, editor of the Hagerty UK Price Guide, said: “Collectable cars such as E-Types and DBs are seeing their prices either slip or stagnate because those people who always wanted…