Good news - stagnating classic car prices
06/18/2018
Well, perhaps we are already thinking a little too positively when we talk about stagnating classic car prices at the moment, when some people think that prices are falling.
But let's assume that prices remain the same, as this has many positive aspects. In fact, constant prices take a lot of stress out of the system. Suddenly, it no longer matters so much when I sell my car or buy another classic car. And the lack of constant price increases also prevents me from having to constantly worry about whether I should sell my classic car now, because times could get worse again. In terms of insurance, I'm always on the right side. And instead of looking for the vehicles with the most significant price increase, I can simply buy the classic car that I like best. And sell it again after two, three or ten years for roughly the same price. The classic car then becomes a collector's item again and loses its status as an investment.
However, a stagnation in prices is also likely to mean that many "collectors" who only got into the business in the first place for investment reasons will leave. And because these people then want to sell their vehicles again quickly, this has an effect on the prices of the entire stock. Stagnation can then quickly result in a reduction in value. It may or may not, depending on the size of the market.
What remains in the end are the enthusiasts and aficionados, and they usually know what they are buying. And that's a good thing.
