Im­port-ex­port bal­anc­ing act

Classic Car Weekly (UK) - - THIS WEEK -

In May we re­ported on Amer­i­cans buy­ing Euro­pean clas­sics in in­creas­ing num­bers from Bri­tain as the Euro­pean clas­sic scene be­came more prom­i­nent.

A lot has hap­pened since May – pri­mar­ily Brexit. Since then, volatile mar­kets have be­come even more un­sta­ble. First there was a drop in ster­ling val­ues. Then the dol­lar slumped fol­low­ing the an­nounce­ment of new US Pres­i­dent elect Don­ald Trump.

But clas­sic trade ex­pert John Kulin says that ex­port busi­ness is still good, ad­ding that it might also be a good time to im­port Amer­i­can cars in to Bri­tain.

He says: ‘Busi­ness re­mained as-is when the ex­change rate fell but has dropped off more post-Brexit. It’s still lively – we’re see­ing lots of peo­ple ex­port­ing more. Best of all, Amer­i­cans have no­ticed that Bri­tish buy­ing power has fallen, so quite a few places in Amer­ica have dropped prices.

‘Now could be a good time to buy that clas­sic Amer­i­can car you’ve been promis­ing your­self for years.’

One of the fac­tors push­ing up UK-based Citroën 2CV val­ues is an in­crease in de­mand from the North Amer­i­can mar­ket.

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