which classic car value is/will drop the most

which classic car value is/will drop the most

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Discussion

rob07

Original Poster:

132 posts

175 months

Tuesday 9th January 2018
quotequote all
As it seems the classic car price bubble is starting to burst,I was wondering which make/model will fall the most. A correction of prices will be good for the genuine enthusiasts and I welcome it.

GoodOlBoy

540 posts

103 months

Tuesday 9th January 2018
quotequote all
sleep

av185

18,497 posts

127 months

Tuesday 9th January 2018
quotequote all
rob07 said:
A correction of prices will be good for the genuine enthusiasts and I welcome it.
But as enthusiasts buy the extra demand will push prices up again.

Bloody enthusiasts are worse than speculators.

No ideas for a name

2,183 posts

86 months

Tuesday 9th January 2018
quotequote all
rob07 said:
As it seems the classic car price bubble is starting to burst,I was wondering which make/model will fall the most. A correction of prices will be good for the genuine enthusiasts and I welcome it.
Prices for Astons, e-types and 911's will all collapse (so that I might be able to buy in when prices have fallen)..
Jags, RX-7's and Micra K11's will hold their prices - so I don't loose out.

Maybe a hope rather than a prediction smile


Caddyshack

10,701 posts

206 months

Tuesday 9th January 2018
quotequote all
"Starting to burst"?.......that would need to be a slow puncture, surely a burst is sudden and that is when prices drop massively.

People were putting cars up for sale that were £100k 3 months before at £150k and they didn't sell, the market is still finding the values.

Most of the threads are "look at this for sale at £xxxxxx" and we think that prices have gone mad, the actual sale prices are often kept secret unless auctions and that is a small segment of the market.

roscobbc

3,331 posts

242 months

Tuesday 9th January 2018
quotequote all
Far too many people look at the prices being asked by 'chancers' and end up believing that the asked price is actually the going rate for said vehicle. You'll then only need a few 'idiots' or small businessmen looking to 'unload' some cash to stave off the tax people and a 'trend' then starts.

Elderly

3,491 posts

238 months

Tuesday 9th January 2018
quotequote all
roscobbc said:
Far too many people look at the prices being asked by 'chancers' and end up believing that the asked price is actually the going rate for said vehicle. .
/\ This.

av185

18,497 posts

127 months

Tuesday 9th January 2018
quotequote all
As long as interest rates remain low which is likely for the foreseeable future many of these vehicles will just be viewed as another asset class in which to park money.

Can't see much further softening of prices personally.

vpr

3,708 posts

238 months

Tuesday 9th January 2018
quotequote all
No bursting but some models I'd be worried about if I only bought one to earn

Luckily I don't buy to cash in, I only buy what I like hence I don't own any Ferraris.

But have noticed 308's and 355's are feeling the pressure, so many for sale ATM. I guess all the speculating lemins bought these Ferraris as a relatively cheap entry

Yertis

18,035 posts

266 months

Tuesday 9th January 2018
quotequote all
Good. I love 308s. Well, I love looking at them. No idea what they’re like to drive.

aeropilot

34,483 posts

227 months

Wednesday 10th January 2018
quotequote all
av185 said:
As long as interest rates remain low which is likely for the foreseeable future many of these vehicles will just be viewed as another asset class in which to park money.

Can't see much further softening of prices personally.
Indeed.

The 'value' of many other 'collectibles' have soared for the same reason in the past decade, its not just old cars.


Too Drunk to Funk

804 posts

77 months

Wednesday 10th January 2018
quotequote all
rob07 said:
A correction of prices will be good for the genuine enthusiasts and I welcome it.
Why not just enjoy cars you can afford?

I couldn't really care less about most Fezzers, Porsches etc, so it doesn't really make any difference to me.


Yertis

18,035 posts

266 months

Wednesday 10th January 2018
quotequote all
Strela said:
Tall tyres, little wheels, squishy, pedestrian by modern standards, the cream leather trim ages terribly, and you'll look like a complete tart driving it. Basically, it's perfect for me.

And they sound hilariously good.
I've said it before but I think it's one of the most perfect-looking things ever created.


But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.

vpr

3,708 posts

238 months

Wednesday 10th January 2018
quotequote all
Yertis said:
I've said it before but I think it's one of the most perfect-looking things ever created.


But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.
A TR6 is a great choice, one of my current projects and I’ve had loads over the years. It sits next to my S1 Etype and my 66 stingray 427 and it deserves to be in that company I’d say. Last of the hairy chested British sports cars

Yipper

5,964 posts

90 months

Wednesday 10th January 2018
quotequote all
Classic cars are a new investment asset class.

Prices will only go up longterm.

Any shortterm dip would be met with aggressive buying and push prices back up.

bloomen

6,890 posts

159 months

Wednesday 10th January 2018
quotequote all
Yipper said:
Any shortterm dip would be met with aggressive buying and push prices back up.
If the fear strikes then the majority will evaporate and the only ones indulging will be hardened buyers at the bottom. People are herd animals.

LordBretSinclair

4,288 posts

177 months

Wednesday 10th January 2018
quotequote all
blabla


av185

18,497 posts

127 months

Wednesday 10th January 2018
quotequote all
Yipper said:
Classic cars are a new investment asset class.
Or old ......by definition lol.

Have been an investment class for quite some time now btw.

mph

2,326 posts

282 months

Wednesday 10th January 2018
quotequote all
rob07 said:
As it seems the classic car price bubble is starting to burst,I was wondering which make/model will fall the most. A correction of prices will be good for the genuine enthusiasts and I welcome it.
Given that 98% of all classic cars are already owned by genuine enthusiasts how will that be good for them ?

rob07

Original Poster:

132 posts

175 months

Wednesday 10th January 2018
quotequote all
Yertis said:
I've said it before but I think it's one of the most perfect-looking things ever created.


But... would I enjoy it more than the TR6? I've been thinking about this recently, all the cars I fancy etc. I think the TR is a fairly commonplace thing in classic circles, barely worthy of mention. But I can't imagine anything being that much more fun that I'd want to swap it.
I have never driven a tr6 so cant comment on that, but I do own a 308 gtb and it really is superb in so many ways. I love the styling,the way it drives/rides and handles and sounds,its fast enought at about 155mph,the driving experience feels very special and still old skool, and it is very diy mantainable. My car saw very strong gains but has fallen back some in the last 2 odd years, not that I mind as I hope to never sell it.

a brief article on classic car prices.

http://www.evo.co.uk/news/20044/classic-car-prices...