{"id":87219,"date":"2023-11-01T03:32:16","date_gmt":"2023-11-01T03:32:16","guid":{"rendered":"https:\/\/celebritytidings.com\/?p=87219"},"modified":"2023-11-01T03:32:16","modified_gmt":"2023-11-01T03:32:16","slug":"the-return-of-the-mondeo-man-value-of-ford-mondeos-soars","status":"publish","type":"post","link":"https:\/\/celebritytidings.com\/world-news\/the-return-of-the-mondeo-man-value-of-ford-mondeos-soars\/","title":{"rendered":"The return of the 'Mondeo Man': Value of Ford Mondeos soars"},"content":{"rendered":"
The value of Ford Mondeos has soared along with Vauxhall Corsas and\u00a0Renault Meganes – as second-hand cars have out-performed the stock market and the price of gold.\u00a0<\/p>\n
The cost of the second-hand Corsa shot up 93 per cent in the past four years – with a study by Auto Trader\u00a0finding that the humble make – first on the market in 1993 and selling just over two million in the UK since – was top of the league for modest motors.<\/p>\n
They found that the price of the cars had easily out-performed the price of property and the FTSE over the past four years.<\/p>\n
The cost of the average second-hand Corsa has soared from \u00a31,136 since 2019 to a whopping \u00a32,197 now.\u00a0<\/p>\n
In the same time, gold has risen in value by 21 per cent, UK homes by 24 per cent, and the FTSE by a measly three per cent.<\/p>\n
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The value of Ford Mondeos has soared along with Vauxhall Corsas and Renault Meganes – as second-hand cars have out-performed the stock market and the price of gold (File image)\u00a0<\/p>\n
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The cost of the second-hand Vauxhall Corsa shot up 93 per cent in the past four years (File image)\u00a0<\/p>\n
Corsa owner Andy Fitzgerald, 43, of St Albans, Herts, said his 2002 model had 120,000 miles on the clock but was still going strong.<\/p>\n
The ‘Mondeo Man’ was characterised as a middle-class man, conventionally driving a Ford Mondeo.\u00a0<\/p>\n
The Mondeo man used to be stereotyped as boring and uninspired.\u00a0<\/p>\n
He was typically someone who voted for the Conservative Party but did not mind Tony Blair, according to The Times.\u00a0\u00a0<\/p>\n
The garage owner said: ‘I love my little Corsa, but if someone offered me two grand for it, I’d bite their hands off.’<\/p>\n
A spokesman for Auto Trader said: ‘Vauxhall Corsa owners could be sitting on a goldmine, with the model increasing in value by 93% over the past four years.<\/p>\n
‘This rate of growth is significantly higher than other assets, with prices for gold increasing by 21%, the average UK house price increasing by 24% and the value of the FTSE 100 growing by only 3% in the same timeframe.’<\/p>\n
Erin Baker, of Auto Trader, said: ‘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.<\/p>\n
‘Auto Trader’s completely free valuation service is used by millions of drivers across the UK.<\/p>\n
‘Using only independent market data taken from millions of vehicles each day, it provides a totally unbiased valuation in minutes. It is the platform to find out what your car is really worth.’<\/p>\n
1. Vauxhall Corsa – \u00a31,136 in 2019 to \u00a32,197 now – rise of 93%<\/p>\n
2. Vauxhall Astra – \u00a31,069 in 2019 to \u00a31,998 now – rise of 87%<\/p>\n
3. Renault Megane – \u00a31,043 in 2019 to \u00a31,882 now – rise of 80%<\/p>\n
4. Ford Focus – \u00a31,066 in 2019 to \u00a31,863 now – rise of 75%<\/p>\n
5. Peugeot 307 – \u00a3979 in 2019 to \u00a31,678 now – rise of 71%<\/p>\n
6. Ford Mondeo – \u00a31,544 in 2019 to \u00a32,298 now – rise of 49 %<\/p>\n
7. Ford Fiesta – \u00a31,171 in 2019 to \u00a31,707 now – rise of 46%<\/p>\n
8. VW Golf – \u00a31,766 in 2019 to \u00a32,434 now – rise of 38%<\/p>\n