Dear Classic Car Enthusiasts, Collectors and Followers, July has been another busy month across the classic car calendar, with plenty going on throughout Europe. Events such as Le Mans Classic and the Goodwood Festival of Speed once again attracted strong crowds, alongside a number of auctions which, as always, gave a useful insight into where the market currently sits. There is no doubt the market has settled following the highs of the past few years. Buyers remain active, but they are careful and well informed. Average cars are still proving difficult, but the better examples (those with proper history, correct numbers and strong provenance) continue to attract attention and, importantly, achieve sensible results. Le Mans Classic once again proved why it holds its place as one of the key events in the calendar, with nearly 200,000 visitors. The inclusion of later cars, particularly from the late 1970s onwards, the Group C cars, GT racers and endurance legends, worked well and added another dimension to the weekend. Beyond the racing, it continues to be the place where collectors get down to business, often away from the public eye. Auctions like the Artcurial and RM Sotheby’s Woodcote Park reflected a similar picture to what we have been seeing elsewhere. The best cars sold, but many struggled to meet reserve. Buyers are not chasing cars in the way they once did, and there is a clear reluctance to overpay. This is becoming a consistent theme. Goodwood, as always, delivered. It remains one of the few events that manages to bring everything together, from historic Formula One machinery, Le Mans legends, Group C cars through to modern hypercars, and still draw the crowds. It also serves as a reminder of how important competition history and provenance remain, when it comes to long-term desirability. Looking more broadly at the market, the same points continue to come up. Cars with the right specification, like original right-hand drive, matching numbers, known ownership, correct colours and a well-documented history, as well as high-quality restoration, are the ones that stand out. Those without are taking longer to sell, unless priced accordingly. From our side, enquiry levels remain steady, although decisions are taking longer. Buyers are carrying out more checks, inspections and due diligence before committing, which is no bad thing and reflects a more considered marketplace. As we move into August, attention turns to Monterey Car Week and Pebble Beach, along with the associated auctions. These will, as always, give a clearer indication of international confidence and are likely to influence the market as we head towards the latter part of the year. We shall be watching closely. If you are considering buying, selling, or require an independent view on the current market, or source the right car for the 2027 Mille Miglia, or are considering a restoration project, then we are here to assist.we are always happy to assist. Drive safely, happy and safe motoring. Keith keith@classicmobilia.com +44(0)7889 805432 classicmobilia.comAbout Keith:
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