WHAT’S AFFECTING THE CLASSIC MARKET?
With interest rates static, many investors plough their funds into assets like classic cars hoping to make a quick buck. A potential Brexit might lead to banks pulling out of their London HQs. If interest
rates were to improve as a result, investors might move their money back into banks and away from classic. If this happens, it’ll affect the
high-end cars first.
Looming political changes worldwide could have massive repercussions in the classic world. Many experts think that if Donald Trump wins the US Presidency, it could result in profound changes to trade deals, and he would make it harder to export cars from America into all of Europe. A potential Brexit could make it harder to import and export cars on the continent, too.
Price drivers are generally out of most people’s controls, but
can change the market landscape overnight. One major price driver is simply fashion. One car or type of car can become very fashionable very quickly, resulting in spiralling prices. If one particular model becomes popular, the demand can often outstrip supply, forcing prices