Wednesday, 16 August 2017

Vintage Auto Prices Down and Down

Vintage cars, from luxury classics to more garden variety, are coming down in price.

The trend started in August 2015 (peak point for the collector car market) after a steady climb from the depths of the recession in 2009. 

Prices dropped 8% since last year; 15% since the peak 2 years ago, according to Hagerty (vintage car insurance specialists). 

Cars are still selling (the numbers of cars sold is still up), and no one is forced to sell. Owners aren't in a panic. It's just that prices are doing what real estate agents are referring to as "normalizing" -- ie not holding the higher value of recent times. 

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