Dear Classic Car Enthusiast,
Season's Greetings from Classicmobilia to all our clients, business associates and friends
You’ve played a big part in the success of our business by being our customers. We thank you and would like to wish you an outstanding holiday season.
Yes, 2022 has been an interesting year, throughout which speculation has been widespread as to where the market is going; it is generally recognised that a clear understanding of what will occur over the coming year is needed.
We have mixed messages coming from various areas of the classic car market and business sectors from all over the world: it’s always very interesting to talk to the people who are living exciting times (for them) alongside those who are not, and therefore have a totally different view of the market.
Predicting the future within the classic car world is not possible, if only because it changes on a weekly basis, but it's clear that the first step is to get the correct information as everyone has suddenly become an expert.
A worrying factor is the number of online auctions mushrooming with the number of cars being offered multiplying: we cannot emphasise enough the risks within this method of purchasing a classic car, as the drawbacks are endless. Having said that, we have heard of some astounding results, so it can really work both ways if you do your research correctly and examine every part of the vehicle in question.
The areas where we see a bottleneck is the restoration and repair business: it is soaring at the present time and the waiting list to have work carried out is piling up.
Tempting as it may be, this is not the time to go out looking for a cheaper alternative, as that option is NOT cost-effective: cutting corners and looking at cheaper options is a recipe for asset depreciation. Getting it right first time achieves a more rewarding and pleasurable result for your classic car and yourself, in the long run.
It's interesting to see similar cars for sale and the difference in values achieved when provenance and history support is at hand. Poorly supported and repaired vehicles are penalised and the gap in values keeps widening. However, we still hear armchair experts voicing opinions on overpriced ‘collector' vehicles. Our advice? DO NOT listen, make your own mind up by looking at facts, history and records.
If you are looking to buy, sell or restore a classic, or even just after some friendly advice, you know where we are.
Wishing you all a very merry Christmas and let's look forward to a great Classic Car 2023.
Happy motoring and keep safe.