Classic values after exit?
Discussion
Well, from my perspective - living in Belgium - it'll probably become harder and more expensive to buy cars in the UK (I've previously bought 2) so demand might reduce for certain cars (cars that are only available in RHD such as the MGB GT V8 and the like, LHD cars, rare cars, ...).
I don't have a view on how the supply side (from Europe to UK) works, nor if it's important in quantity compared to the demand but I would expect that to be rather limited.
As a whole then, I would guess some net general pressure on demand, potentially impacting prices downwards.
There is however a more important power that is the 'disposale income', as typically classics are bought with cash that is not urgently required. Given the foreseen impact on the economy, I'd wager that this will lower demand as well.
Overall, I'd say prices will go down but mainly for cars which have seen big increases over the last years.
I don't have a view on how the supply side (from Europe to UK) works, nor if it's important in quantity compared to the demand but I would expect that to be rather limited.
As a whole then, I would guess some net general pressure on demand, potentially impacting prices downwards.
There is however a more important power that is the 'disposale income', as typically classics are bought with cash that is not urgently required. Given the foreseen impact on the economy, I'd wager that this will lower demand as well.
Overall, I'd say prices will go down but mainly for cars which have seen big increases over the last years.
eccles said:
EXKAY120 said:
Who cares about the values, its what we enjoy, owning and driving these old cars, well for me it is anyway
Same here, getting sick and tired of all these threads asking about which values are going!
Post-Brexit, a lot depends on what happens to the economy.
Honda are going to close their Swindon plant.
Nissan are cutting back production at their Sunderland plant (and I wouldn't be surprised if they close it within 2 years).
Jaguar have, for the second time this year, stopped production completely for a week.
BMW Mini stopped production for a week.
Various other big companies are suggesting that they will pull out of the UK post Bexit, especially if there is a no deal Brexit.
There are indications that the UK could possibly be heading for a major recession, and a collapse of the economy, come post Brexit. Should that happen, I can see a lot of Supercars/prestige cars/classic cars suddenly flooding the market, as desperate owners look to put security cash in the bank, to help protect their futures, which could cause prices to crash late 80's style!
I'd say, if your looking to buy a supercar/prestige car/classic car, and have cash ready to go, wait 6 ~18 months, because there's a good chance you could get the car you want for half the price you'd pay right now!
(NOTE: With the exception of the multi-million pound mega-classics that have a World-wide market)
Honda are going to close their Swindon plant.
Nissan are cutting back production at their Sunderland plant (and I wouldn't be surprised if they close it within 2 years).
Jaguar have, for the second time this year, stopped production completely for a week.
BMW Mini stopped production for a week.
Various other big companies are suggesting that they will pull out of the UK post Bexit, especially if there is a no deal Brexit.
There are indications that the UK could possibly be heading for a major recession, and a collapse of the economy, come post Brexit. Should that happen, I can see a lot of Supercars/prestige cars/classic cars suddenly flooding the market, as desperate owners look to put security cash in the bank, to help protect their futures, which could cause prices to crash late 80's style!
I'd say, if your looking to buy a supercar/prestige car/classic car, and have cash ready to go, wait 6 ~18 months, because there's a good chance you could get the car you want for half the price you'd pay right now!
(NOTE: With the exception of the multi-million pound mega-classics that have a World-wide market)
4rephill said:
Post-Brexit, a lot depends on what happens to the economy.
Honda are going to close their Swindon plant.
Nissan are cutting back production at their Sunderland plant (and I wouldn't be surprised if they close it within 2 years).
Jaguar have, for the second time this year, stopped production completely for a week.
BMW Mini stopped production for a week.
Various other big companies are suggesting that they will pull out of the UK post Bexit, especially if there is a no deal Brexit.
There are indications that the UK could possibly be heading for a major recession, and a collapse of the economy, come post Brexit. Should that happen, I can see a lot of Supercars/prestige cars/classic cars suddenly flooding the market, as desperate owners look to put security cash in the bank, to help protect their futures, which could cause prices to crash late 80's style!
I'd say, if your looking to buy a supercar/prestige car/classic car, and have cash ready to go, wait 6 ~18 months, because there's a good chance you could get the car you want for half the price you'd pay right now!
(NOTE: With the exception of the multi-million pound mega-classics that have a World-wide market)
I think the same.Honda are going to close their Swindon plant.
Nissan are cutting back production at their Sunderland plant (and I wouldn't be surprised if they close it within 2 years).
Jaguar have, for the second time this year, stopped production completely for a week.
BMW Mini stopped production for a week.
Various other big companies are suggesting that they will pull out of the UK post Bexit, especially if there is a no deal Brexit.
There are indications that the UK could possibly be heading for a major recession, and a collapse of the economy, come post Brexit. Should that happen, I can see a lot of Supercars/prestige cars/classic cars suddenly flooding the market, as desperate owners look to put security cash in the bank, to help protect their futures, which could cause prices to crash late 80's style!
I'd say, if your looking to buy a supercar/prestige car/classic car, and have cash ready to go, wait 6 ~18 months, because there's a good chance you could get the car you want for half the price you'd pay right now!
(NOTE: With the exception of the multi-million pound mega-classics that have a World-wide market)
Pvapour said:
4rephill said:
Post-Brexit, a lot depends on what happens to the economy.
Honda are going to close their Swindon plant.
Nissan are cutting back production at their Sunderland plant (and I wouldn't be surprised if they close it within 2 years).
Jaguar have, for the second time this year, stopped production completely for a week.
BMW Mini stopped production for a week.
Various other big companies are suggesting that they will pull out of the UK post Bexit, especially if there is a no deal Brexit.
There are indications that the UK could possibly be heading for a major recession, and a collapse of the economy, come post Brexit. Should that happen, I can see a lot of Supercars/prestige cars/classic cars suddenly flooding the market, as desperate owners look to put security cash in the bank, to help protect their futures, which could cause prices to crash late 80's style!
I'd say, if your looking to buy a supercar/prestige car/classic car, and have cash ready to go, wait 6 ~18 months, because there's a good chance you could get the car you want for half the price you'd pay right now!
(NOTE: With the exception of the multi-million pound mega-classics that have a World-wide market)
I think the same.Honda are going to close their Swindon plant.
Nissan are cutting back production at their Sunderland plant (and I wouldn't be surprised if they close it within 2 years).
Jaguar have, for the second time this year, stopped production completely for a week.
BMW Mini stopped production for a week.
Various other big companies are suggesting that they will pull out of the UK post Bexit, especially if there is a no deal Brexit.
There are indications that the UK could possibly be heading for a major recession, and a collapse of the economy, come post Brexit. Should that happen, I can see a lot of Supercars/prestige cars/classic cars suddenly flooding the market, as desperate owners look to put security cash in the bank, to help protect their futures, which could cause prices to crash late 80's style!
I'd say, if your looking to buy a supercar/prestige car/classic car, and have cash ready to go, wait 6 ~18 months, because there's a good chance you could get the car you want for half the price you'd pay right now!
(NOTE: With the exception of the multi-million pound mega-classics that have a World-wide market)
Caddyshack said:
The great British public are a bunch of anxiety ridden sheep, the uncertainty is what scares them so prices fall now...get brexit done and good, bad or different and all things will get going again. The British are good at stiff upper lip as long as we have some certainty.
So true......Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff