Cars from the 2000s have spiked in value with future classics from brands like Vauxhall and Ford rising by more than 80 per cent.
Since September 2019, the rate of value increase of noughties cars is higher than both the UK property price and the FTSE 100.
While some trends from the 2000s have been left in that decade like music and fashion, the love for cars has remained strong.
The value of owning a car from that era has increased by up to 94 per cent in recent years.
Vauxhall Corsa and Astra models remain very popular
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The average price of a Vauxhall Corsa and Ford Focus – the best-selling cars of 2004 – has increased by 94 per cent and 75 per cent respectively since September 2019.
Since the pandemic, the value of cars from the 2000s has massively grown in price, despite some models still being seen on the road today.
While they have received massive facelifts since the turn of the century, the Ford Focus and Vauxhall Corsa still remain some of the most popular cars.
The 2004 Vauxhall Corsa and Vauxhall Astra models have increased in value by over 80 per cent compared to their 2019 price.
This rate of growth is significantly higher than other key assets, including the price of gold, which has only increased by 21 per cent.
Similarly, the price of UK houses has risen by 24 per cent while the value of the FTSE 100 has only grown by three per cent.
Erin Baker, editorial director at Auto Trader, commented on the data, saying that some drivers could be sitting on a gold mine with their older vehicles.
She said: “Some nostalgia trends just leave you asking why? But there’s nothing confusing about the appeal of 00s cars.
“They’re simple, reliable and remind working Brits of when they fell in love with driving.
“While you might not think your car is old enough to be a classic, it may hold a hidden value - so don’t view it as another junk item - save that disdain for your oversized circular belts and bootcut jeans.”
Drivers looking to sell their 04/54 plate Vauxhall Corsa have seen a price hike of more than £1,000 since September 2019.
The Volkswagen Golf is also an appreciating asset. While its value has increased by 37.8 per cent, the average price of the classic is £2,434.
Peugeot’s now-discontinued 307 model produced almost 3.8 million units, with those looking to sell seeing their return jump almost £700 from just £979 four years ago.
On the Auto Trader online marketplace, there are 3,151 cars available from the noughties, with drivers potentially being able to snag a good deal.
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Volkswagen Golf models from the 2000s are also attracting high-value prices
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The cheapest is a 2006 Peugeot 207 for £250 with almost 60,000 miles, while the priciest is a 2004 Ferrari Enzo signed by the 2005 F1 team worth a staggering £3.3million.