Looking for a good investment? Buy a Mercedes 300SL Coupe or Roadster
Mercedes-Benz has some of the most valuable cars on the planet and the 300SL would be a great purchase for an investor. According to the Mercedes-Benz Classic Index (MBCI) maintained by Historic Automobile Group International (HAGI), Mercedes classic vehicles are going up in value. Ferrari values continue to soar, but Mercedes-Benz is doing well with collectors.
According to HAGI, since the beginning of 2013, the Mercedes-Benz Classic car values have risen 15.47 percent, placing this year’s performance well above the annual average of 8.8 percent. So if you are looking for a good investment, a class Mercedes-Benz is a great place to put your money. And the 300 SL Coupe and 300 SL Roadster are featured in the HAGI Top Index.
HAGI maintains a database comprising more than 100,000 real-life transactions. Entries start on the date of production of the vehicle and are updated daily. Data is obtained from four main sources: private contacts, brand specialists, dealers and auction results. The index incorporates many parameters in order to present the most accurate possible overall picture.
A silver 1956 Mercedes 300SL Gullwing coupe sold to an unidentified bidder for $1.15 million at auction in London last month. The classic Mercedes tested the demand for what has been a booming market for classic cars. The 300 SL was formerly owned by U.S. West Coast collector Don Ricardo and was sold by RM Auctions without reserve at Battersea Park in London, England.
Rare Ferrari’s from the 1950’s and 60’s have been great investments over the last two decades, but Mercedes is catching fire. “There’s less hype in the market for Mercedes than Ferrari,” Dietrich Hatlapa, founder and managing director of HAGI, said in an interview with Bloomberg before the auction. “It’s also less volatile. The company produced more cars and there’s greater model diversity. The quality of the build is high and they’re more robust.”
Over the last 12 months, the HAGI index for Mercedes had increased even more at 19.5 percent. So if you have an extra million dollars sitting in the bank, check out the next RM Auctions at Art of the Automobile at Sotheby’s in New York November 21. There will be a rare 1955 Mercedes-Benz 300 SL Gullwing on the auction block and it could be yours.