Something for everyone from 90s urban runabouts to a classic British roadster
Classic models include the Austin-Healey 3000, Porsche 912 and Rolls-Royce Silver Shadow II
Alfa Romeo 147 GTA, Ferrari F355 and Subaru Impreza P1 among modern classics to watch
Hagerty UK is announcing its 2025 UK Bull Market List, a selection of ten cars that are set to be great buys in 2025. Some are predicted to rise in value in the future, others have been selected for their superb value for money and rewarding ownership experience.
The cars in the Hagerty UK Bull Market List have all been selected as a result of intense research into changes in vehicle values by the valuation specialists at Hagerty UK. These specialists compile the highly respected Hagerty Price Guide, ensuring they are uniquely qualified to provide insight into prices and trends in the classic and modern classic car market in the UK.
For 2025 they have chosen a wide selection of models, from the humble Peugeot 106 to the cult status Subaru Impreza P1. There’s opulence in the Rolls-Royce Silver Shadow II and driving adventures in the Austin-Healey 3000 and Porsche 912.
“The 2025 cohort is, I think, my favourite yet,” says John Mayhead, editor of the Price Guide. “The models span nearly every era of motoring and range from up-and-coming classics to those that were once top dog and now maybe offer a huge amount of car for the money.”
2001-2005 Alfa Romeo 147 GTA
The Alfa Romeo 147 GTA takes the Hagerty Hot Hatch Pick for its understated looks and incredible performance. Values have risen steadily in recent years with the very best examples fetching well over £20,000.
The 147 GTA is every bit the Alfa Romeo, with Italian character and performance to match. Its 3.2-litre six-cylinder Busso engine is now considered to be one of the finest engines ever produced. The interior reflects the Italian craftsmanship of the era with exemplary materials and comfort combined with sporty details.
This hot hatch continues to increase in popularity, with many younger buyers seeking it out in order to enjoy one of the best Alfa Romeo experiences.
What the Hagerty Valuation Team says:
The main reason the 147 GTA was chosen for this year’s Bull Market is that it offers an extraordinary driving experience for a relatively sensible price. It’s the spiritual successor to the 105 series Alfa Romeo GTA coupes that made such an impact on both road and racetrack back in the 1960s and ‘70s.
Hagerty Price Guide valuation - £8,500 to £20,500
1959-1967 Austin-Healey 3000
The Austin-Healey 3000 is the Hagerty Bull Market Best of British Index Pick, a quintessential British sports car, loved by multiple generations since it first entered production in 1959. One of the most popular big Healey models, it continued in production until 1967, with four major model variations during that time.
The Austin-Healey 3000 not only won hearts for its roadster character and charm, but it also performed well on some of the world’s great race tracks, including Le Mans and Sebring. It’s a true usable classic, with plenty of clubs offering support for owners and a vast number of events to take part in. It continues to be an affordable classic that in recent years has also found favour with many younger buyers.
What the Hagerty Valuation Team says:
In value terms, the Austin-Healey 3000 has been very flat over a long period of time: since May 2015, UK Hagerty Price Guide values for an excellent example have varied by less than ten percent, and currently sit at £45,400, although it’s recently dipped. In real terms, accounting for inflation, that means the model is much more affordable than it was a few years ago.
Hagerty Price Guide valuation - £22,900 to £87,500
1994 - 1999 Ferrari F355
The Ferrari F355 is the Hagerty Gold Index Pick for 2025, with values rising significantly in recent years. This mid-1990s Italian sports car ticks all the right boxes, with the famous Maranello badge, pop-up headlights, a beautiful design and a superb mid-mounted 3.5-litre hand built V8.
Manufactured between 1994-1999, the F355 was based on the Ferrari 348 with improved performance, aerodynamics and usability. Its five-valve cylinder head helped to generate more power and changes to the transmission made it more reliable than the 348. Six-speed manual models are the more collectible, but the F355 also goes down in history as the first road car to feature an F1-style automated manual paddle-shift.
The F355 was available as a Berlinetta coupé, Spider and GTS targa-top. Those who wanted even more performance could opt for a Fiorano handling pack, with these models proving a rare find these days. Highly collectible, the F355 is also a comfortable sports car to enjoy on a regular basis.
What the Hagerty Valuation Team says:
Some consider the F355 to be a peak driver’s Ferrari, mixing 1980s-inspired design and analogue engineering. A relatively new addition to the UK Hagerty Price Guide, values have risen recently, up 6.2 percent in the past three years to £73,300 for a standard Berlinetta in excellent condition. In the US, growth has been even more extreme, and the Guide price for the same model there is now $196,000 (£152,000) although this includes a 25 percent premium for manual gearbox examples.
Hagerty Price Guide valuation - £50,600 to £105,000
1992-1998 Maserati Ghibli
Maserati has used the Ghibli name on three models since the 1960s, the Hagerty 2025 Bull Market Italian Pick being the AM336, produced between 1992-1998. Designed by the legendary car designer, the late Marcello Gandini, the 90s Ghibli was an evolution of the Maserati Biturbo.
The flared wheel arches, high boot and handcrafted interior gave this two-door coupé more presence and style than its predecessor. The engines were the real attraction though, with a 2.0-litre or 2.8-litre twin-turbo V6 on offer. At the time, the Ghibli Cup with its 325bhp pushed out more bhp per litre than a McLaren F1.
What the Hagerty Valuation Team says:
The attraction of the Maserati Ghibli model range is that there’s a car for many different price points. Standard, base Biturbos with middling miles are still for sale for under £10,000, a good Spyder is double that, all the way up to the Shamal, currently valued at £53,000 in excellent condition in the UK Hagerty Price Guide. Those with the cheapest price on the windscreen may be more expensive to maintain though, and for a 1980s/ 1990s-era Maserati, the bills may be significant.
Hagerty Price Guide valuation £9,400 to £54,900
1991-2003 Peugeot 106
The Peugeot 106 has often been overshadowed by its sibling 1990s boy racer favourite, the Citroen Saxo. Produced between 1991-2003, the Hagerty Quirky Pick was available in anything from a very basic 1.0-litre petrol version to the entertaining GTi and Rallye variants.
Many people have a story to tell of their experience with a Peugeot 106, either as the car they learned to drive in, their first car or a rental that took them on holiday with their friends. It might be a small car, but it had a big personality with an interior that combined French quirkiness with practical simplicity. They were also easy to work on and many were the subject of extensive modifications, making pristine original examples increasingly sought after today.
What the Hagerty Valuation Team says:
Hagerty considers the Peugeot 106 to be great value compared with some of its rivals. The Series 1 106 Rallye in excellent condition is listed in the Hagerty Price Guide at £12,400, around 32 percent less than its older relative the Peugeot 205 Rallye. With their homologation credentials, limited numbers and instantly recognisable looks, they tick many of the requirements of a collectable car, although originality is critical.
Hagerty Price Guide valuation - £8,900 to £16,400
1965-1969 Porsche 912
In the 1960s Porsche wanted a car that fitted between the 356 and the 911. That car was the 912, a sports car that had all the looks of the 911 and the same level of build quality and comfort, but at a much lower price. It was also cheaper to run, thanks in part to the use of the four-cylinder 616 engine from the 356.
Today the 912 is becoming more sought after, not just for its great value but because it is both dynamic and usable, with easier to manage handling and performance compared to the 911. Prices for the 912, which is the Hagerty 2025 Classic Pick, remain stable and are not expected to rise dramatically. The UK Hagerty Price Guide values excellent left-hand drive examples at £57,800 with right-hand drive models attracting a large premium.
What the Hagerty Valuation Team says:
With a Porsche 912 you get the early 911 experience for a fraction of the price. Other than very early 912s, the vast majority of the car is identical to its six-cylinder sibling, sharing the same interiors, bodywork, suspension and electrics, only the engine is different.
Hagerty Price Guide values - £26,900 to £90,100
1994-2001 Range Rover P38
The Range Rover P38 arrived in 1994 as the successor to the original classic model. It featured a more rounded exterior design, while the interior had all the hallmarks of the model, including lots of wood and leather and an elevated driving position that made occupants feel as though they were above everyone else.
The P38 was available with an updated version of the traditional Rover V8 or a turbo-diesel engine from BMW. The combination of opulent luxury and legendary off-road capability ensured it remained a popular choice. In recent years they have become well-known for reliability issues, but a good example of the car that is the Hagerty Off-Road Pick can still deliver that true Range Rover experience.
What the Hagerty Valuation Team says:
The P38 Range Rover is a car that is currently extremely affordable, with the cheapest runners advertised for under £1000 and even top-spec, limited edition models with extremely low mileage in concours condition rarely reaching over £15,000. Plus, they are getting rarer: social media groups are full of cars being broken for parts or heavily modified for off-road use. Find an original, well-maintained example, and it could offer a lot of value for money.
Hagerty Price Guide values - £800 to £15,800
1977-1980 Rolls-Royce Silver Shadow II
Rolls-Royce introduced the Silver Shadow in 1965 but then it updated the model for the final few years of its life, creating the Silver Shadow II in 1977. Loved by everyone from wheeler dealers to wedding planners and the world’s wealthy, the Silver Shadow II delivered the ultimate in luxury motoring of the time.
Today they remain wonderful cars to own and enjoy, providing an element of glamour as well as superb ride comfort and all the status of driving a car with the famous Spirit of Ecstasy leading the way. Values vary immensely but so too do the maintenance costs, making the Hagerty 2025 Luxury Pick one to choose carefully.
What the Hagerty Valuation Team says:
Prices for the Silver Shadow II have been relatively static, only £100 higher today for an excellent example than in December 2021. The big difference has been in the top examples, with a concours condition value up over 20 percent during the same period to £31,900. This is a good sign as a rise in top examples often encourages more to be spent on maintaining other, less pristine cars
Hagerty Price Guide values - £5,700 to £28,700
2000-2001 Subaru Impreza P1
First generation Subaru Impreza prices are increasing, but none more so than some of the most revered models. These include the flagship 22B and the Hagerty 2025 RADwood Pick, the Prodrive 1 or P1. Only 1000 examples were built, each fettled by famous motorsport company, Prodrive. This included design changes by the designer of the McLaren F1, Peter Stevens and engine upgrades to produce 276bhp.
The P1 was only available in Sonic Blue and its chassis and suspension were specifically tailored for British roads while ABS was added for the first time. Electrically adjustable Recaro seats sported the P1 logo, which also adorned the iconic rear wing. Compared to prices for the 22B, the P1 represents a great value way to get into a legendary rally-bred sports saloon.
What the Hagerty Valuation Team says:
Prices have risen a lot in the last few years – the UK Hagerty Price Guide ‘Excellent’ value was £32,000 in September 2022 and two years later was £50,500 but Hagerty believes that prices may well increase further still. Many of these cars have been driven hard, and the gulf between top and bottom values is huge: Hagerty’s ‘fair’ price is 61 percent lower than its top concours’value. Pristine, low mileage cars will probably increase most, but regularly driven cars that are a little rough around the edges will be much more affordable and great fun.
Hagerty Price Guide values - £25,000 to £72,500
1994-2000 Toyota RAV4
The Toyota RAV4 is the model that started the modern era of compact crossovers and small SUVs. Introduced in 1994, over ten million have since been sold, but version that receives the Festival of the Unexceptional Pick in the 2025 Hagerty Bull Market is the first generation.
The Recreational Active Vehicle with 4-wheel drive (RAV4) provided all the passenger and luggage space people needed, together with more ground clearance, a higher driving position, improved visibility over regular cars and the option of full-time four-wheel drive. Short and long wheelbase models were available and there was even a fully electric version, the RAV4 EV, although these are the rarest of all.
What the Hagerty Valuation Team says:
Legendary Toyota build quality, combined with an instantly recognisable design and very low current prices mean that Hagerty believes the RAV4 is a great entry-level classic, plus you’ll be welcome at any future edition of Hagerty’s Festival of the Unexceptional. Even in top GX spec, a concours-ready example should set you back under £5,000 - if you can find one, these early cars are now very rare.
Hagerty Price Guide valuation - £600 to £5,100
