David Simister

Classic Car Weekly (UK) - - This Week -

The fact that growth in the clas­sic mar­ket is slow­ing down – and in some cases, cor­rect­ing pre­vi­ously over­val­ued mod­els – should be seen as good news. It shows that the in­vest­ment-driven buy­ers are eas­ing off old cars in search for faster-ap­pre­ci­at­ing as­sets, but with­out the en­thu­si­ast ma­jor­ity be­ing shaken up by a sub­se­quent tum­ble in val­ues. While it means I’m un­likely to add any £20k Lam­borgh­i­nis to my garage any time soon, it is en­cour­ag­ing that peo­ple will still think that it’s worth­while restor­ing clas­sics that years ago might have been left un­touched, and that clas­sic cars are en­joy­ing a far higher pro­file than they used to. My ad­vice to any­one con­sid­er­ing buy­ing an old car re­mains the same – do it be­cause you want to en­joy the pur­chase, not be­cause you think you’ll make a few quid out of it.

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