Classic car prices will probably continue to rise (question of the week)
01/09/2017
A year ago, we surveyed our readers and asked them to predict whether classic car prices would rise, fall or stagnate in the coming year. We wanted to find out again in 2017.
After years of sharp rises, the market seemed to calm down somewhat in 2016, but what can we expect from the start of 2017? We asked Zwischengas readers to give us their assessment and almost 500 took part in this" question of the week".
43% are convinced that the prices of sought-after classics will continue to rise in 2017, but expect a less sharp increase than in previous years.
32% are somewhat more skeptical and assume that the prices of sought-after classics will rise in exceptional cases at most, but will stagnate in most cases.
As many as 14% anticipate strong growth in classic car prices, while 5% expect prices to fall slightly. Just 3% believe that the trend has reversed and that prices will fall across the board.
Graphically, the result looks like this:
What surprised us somewhat is that the assessment looks almost the same as the year before.
Back then, 42% expected slight increases, 29% expected increases in exceptional cases, while 16% expected a further sharp rise.
What would have been the right prediction in 2016? In fact, it cannot be said that prices rose sharply in 2016; only in exceptional cases were prices significantly higher than in the previous year. So the 29% back then would have been right. We will know how the market will develop in 2017 in twelve months' time.
Until then, however, there is already a new question of the week that you can take part in. This time, we want to know whether it is right/sensible for car manufacturers to rebuild their own classic cars (continuations), as Aston Martin, Jaguar and Lister do, for example. And, as always, you can of course view all the previous questions of the week and their evaluations in a separate topic channel.
