Economic Carnage - Effect on Classics
Discussion
What's peoples thoughts on the last few weeks carnage on the stock markets and knock on effect on classic prices, stuff from the 90's, Porsches, etc.
Compared to 2009/10, I think alot more have been purchased in the last decade with cheap load money by speculators...i.e. people don't really own them...
Dealers waiting for a Spring bounce may be in for a shock with a very distracted publin out there.. More dealers will go to the wall.
Unemployment will be the key metric in the next few months.
Compared to 2009/10, I think alot more have been purchased in the last decade with cheap load money by speculators...i.e. people don't really own them...
Dealers waiting for a Spring bounce may be in for a shock with a very distracted publin out there.. More dealers will go to the wall.
Unemployment will be the key metric in the next few months.
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