Cards firmly laid on the table – I’ve a very soft spot for Bonhams’ Festival of Speed sale, which was an oasis of calm compared with the shenanigans playing out on the Earl of March’s front lawn.
And talking to a couple of key figures in the old-car game there, it’s apparent that while economic jitters are playing their part in creating uncertainty, most enthusiasts still want to get out there and enjoy their cars.
Concern among buyers – perhaps amplified by recent tragic events as well as political upheaval – is having a bad effect on some dealers, and it’s not something we want to hear. Let’s face it, dealers are taking a risk each and every time they buy a car for stock and that risk is rightly reflected in the margins they aim to make.
But at the end of the day those margins don’t look so large when costs (transporting a car to their premises, preparation both bodily and mechanically and handling any unforeseen expenditure) and storage are taken into account.
The old car movement should be fun and enjoyable. And with that approach, and some general positivity, we should weather this current storm.
‘The old car movement should be fun’