WHEELER Dealers star Mike Brewer has declared the car he thinks is a ‘modern classic’.
Brewer said its value could skyrocket over the next few years.
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Mike Brewer has revealed he thinks the Audi TT Mk1 is a ‘modern classic‘.
Brewer reckons that the TT could shoot up to as much as £10,000.
This would be around six times the car’s current market price, with motoring experts Parkers saying second-hand models currently go for between £1,130 and £2,205.
This is a shadow of the model‘s retail price when it was new, of around £27,775.
The first-generation TT was made at the turn of the millennium, between 1999 and 2005, before being replaced by the Mk2 a year later.
Speaking to the Daily Telegraph, Brewer said: “Definitely a modern classic is a Mk1 Audi TT.
“The 225bhp model, that’s a really good car – a very good modern classic.
“People who have still got those today don’t realise they’re worth 15 hundred or two grand, maybe two-and-a-half-grand, some of them, but that car will be solid in years to come.
“People will be paying 10 grand for those in the future.”
The TT packs a sizeable punch for its price, with Parkers believing the four-cylinder, 1781cc engine could reach a top speed of 151mph.
The Mk1 is no slouch off the mark either – going from 0-60 in just 6.4 seconds.
The main downside of the sports car is a limited luggage capacity of just 220 litres.
Even so, car insurance experts at Hagerty UK have also been keen to heap praise on the Mk1 TT, calling it a “future classic.”
They said: “Driving it was one of those rare moments when you realise without a shadow of a doubt you’re looking the future right in the eye.
“Subsequent generations were of course faster still, and handled better, but lacked entirely the stunning visual innovation of the original.”
Brewer has also suggested that now is a great moment in the markets to snap up forgotten classics, explaining that the market for these has settled after a post-COVID bounce.
The TV star explained: “There has been an oversupply of good classic car stock.
“Because during Covid people had money and time, went in their garage and finally finished that Ford Cortina or Triumph Herald they promised they would.
“The market got swamped with good quality classics that bumped prices up because sales were high.
“But now the market has gone completely flat and prices are on their way down, dropping 10 to 20 per cent over the past six months and still coming down.
“I can see that happening for the next six to eight months. It’s a resetting of the market to where it should be.
“So it’s absolutely the right time to buy, in some cases a good time to hold your nerve if you’re buying.
“We’ve got an unsettled market for a load of reasons: the energy crisis, mortgage rates, now we’re going through a change of government.”
There’s further good news for Audi TT fans, as comments by the manufacturer’s CEO, Gernot Döllner, sparked speculation of an electric relaunch of the car.
The third generation, petrol, Audi TT was discontinued in 2023.
But Döllner said: “I believe Audi should have a sports car, for sure.”
And when asked if a model like the beloved TT could make a return, he said: “Yes, that’s thinkable. But we have a broad view on what’s possible.
“If you’re talking about real racing cars for the track, to me, the only way until now is combustion engine or hybrid.
“But if it’s more for everyday use on normal roads, I would definitely see a transition to the electric era.”
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