Every 172/182 owner with a standard-ish, well cared for example must be really happy with the upward trajectory of prices.
I don’t think it’s a bubble as such, they’re just finally getting to a point where they’re worth more than £1000. Obviously there’s been some rather over-exuberant chancers recently like “Mr.Petrol Blue“ but on the whole it’s great news!
They were seriously under valued a few years ago IMO.
As a pure driving experience you couldn’t buy anything for similar money, I’ve no idea how they were ever so cheap. I guess the sheer amount of them.
Think it helps that Catchpole runs one, Harry has a trophy, bovvington (is it?) has one and a lot of the journo’s have gone full circle realising fun driving isn’t DSG and Apple air play.
Must admit I’ve been championing them on PH and other forums in recent years.
People are always very short sighted with car values increasing too. I’m 43 and have watched cars go from scrap to gold for many years. I was buying 205 gti’s when they were peanuts but tell people that a much Better car than a 205 will be worth more and they laugh for some reason.
The 1*2 is an epic car! One of the best little engines ever, a shell that doesn’t rust (unless damaged) and steering to make you love driving.