Photo: Daimler AG
According tot the Historic Automobile Group International (HAGI), the Mercedes-Benz Classic Index (MBCI) registered a downturn of 9.17 points, equating 6.64% during the month of September 2013 compared to August.
Nevertheless, since the start of 2013, the MBCI has risen by 15.47%, translating into a performance almost twice as good as the annual average of 8.8% - as measured by HAGI in a period of over 30 years.
Measuring the performance of the Mercedes-Benz Classic Index against the overarching HAGI Top Index for vintage cars of all makes, it lost 5.34 percent in September.
However, considering the year to date average of 31.47%, the Index is actually double than the annual average.
Some of the reasons for this downward trend consist of a short-term variability in the pre-war cars and the sale of a considerable mixed collection of both pre-war and post-war Mercedes-Benz models. We shall now wait and see if the trend reversal continues in the next three months.
Measuring the performance of the Mercedes-Benz Classic Index against the overarching HAGI Top Index for vintage cars of all makes, it lost 5.34 percent in September.
However, considering the year to date average of 31.47%, the Index is actually double than the annual average.
Some of the reasons for this downward trend consist of a short-term variability in the pre-war cars and the sale of a considerable mixed collection of both pre-war and post-war Mercedes-Benz models. We shall now wait and see if the trend reversal continues in the next three months.
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