Classic market must be doing very well?

[3Dom]

I have just been updating some adverts in a Classic car magazine that I work on and have noticed a strange trend. Of the last 3 adverts I have amended from the previous month the main change was to up the price of the cars.
For example a 1957 Jaguar 2.4 Mk1 was advertised in the magazine in the past few months for an asking price of £18,950 (Bargain maybe?). This month however I have been asked to amend the price on the same car to £24,950. A £6k increase for a car in this price bracket strikes me as astounding to say the least.

[goodwoodweirdo]

Maybe hoping for a buyer from euro-land now the pound is steady at a all time low ....

[BoRED S2upid]

Not that well, friend of mine has been trying to sell his MGBGT for 6 months, no such luck but other friends have been moving on Mondeos and Astras of about the same price very quickly.

[rovermorris999]

MGBs have taken a real hit from MX5s. Similar fun with reliability and little rust.

Edited by rovermorris999 on Tuesday 7th April 18:46

[Snoggledog]

rovermorris999 said:

MGBs have taken a real hit from MX5s. Similar fun with reliability and little rust.

Is an MX-5 now classed as a classic? I still tend to think of it as a modern car even though early examples are close on 20 years old.

[a8hex]

I guess it depends on your age.
Another thread here has a complain about "too many moderns showing up" which seemed to mean, post war.

[RacingTeatray]

I think it's a flood of buyers from Euroland as the other poster suggested.

My 500E's up for sale, and there are a number of enquiries coming in from Europe, none of whom quibble the asking price remotely, unlike all enquiries coming from the UK, all of which seem to reckon I was born yesterday and should pretty much give them the car "because used cars aren't worf nuffink no more, and it's a lefthooker innit".

[Kickstart]

My impression of the classic market is that really good cars are selling but for less than previously but average cars need to be very competitively priced - the latest auction report in CSC put Daytonas down £20 - £40k and if they are down you can rest assured that most but not all other things are

[Huntsman]

Kickstart said:

My impression of the classic market is that really good cars are selling but for less than previously but average cars need to be very competitively priced - the latest auction report in CSC put Daytonas down £20 - £40k and if they are down you can rest assured that most but not all other things are

Maybe the fashion for Daytona's has eased off a bit? Its trickey to say what the classic market is doing because turnover is small and varied.

I have just sold my MGA and could have sold it many times over.