The month of August, 2016 has brought more continued and steady growth in the Classic Car market, continuing on from last month's solid numbers. The average sale price for most of the cars listed below are up by around $2,920 this month across the board, meaning a little more pocket money for the owners of these cars. With Summer just around the corner in Australia, prices will really take off again now that the market is so lively.
When Classic and Sports Car Magazine write about a car, we know what happens next.
The July, 2016 edition of Classic and Sports Car Magazine is a very exciting read indeed. The front cover features our beloved Aston Martin DB7, which everyone knows have begun their to escalation in value (which will be massive), as well as three other GT Supercars which are also heading North very fast indeed.
However, pages 131-135 are reserved for the rise of the Japanese Classic's, and the magazine is focussing on the Subaru WRX, Mitsubishi Evo, Mitsubishi 3000GTO, Nissan Skyline, and the Toyota Celica GT4
The Australian Classic Car Valuation Tool reveals interesting data for July
The Australian is now well into it's Boom phase, following the past 4 years of substantial growth in the European market. The value growth in Australia over the past 12 months is staggering, and fortunately in this industry, the Boom phase is not followed by a bust, as can be clearly seen from the European market which has currently plateaued throughout the past 10 months.
As the Australian economy completes the final stage of it's development, how will Classic Cars be affected ?.
As we are all aware, the Australian Property Market has absolutely boomed over the past 24 months, in line with the usual jump that we have all witnessed every 7-8 years. The usual trends have been followed, with Sydney and Melbourne leading the way, followed by Brisbane 18 months later, and now Hobart and some other areas of Tasmania.
The humble Toyota Crown starts to move upwards towards $20,000 in Australia
In line with the movement that has now become the Australian classic Car Boom, it is now the turn of Toyota with their early models.
This lovely Toyota Crown Coupe that is located in South Australia is quite rare now, and has the original 2.6 litre engine up front which would motor this lovely car along very well indeed. These cars are certainly not slow by today's standards. This model is following the trend of the early Celica variants such as the TA22, which all now attract over AU$20,000.
How the humble Datsun 200B's fortunes have changed !
It was not so very long ago that we used to purchase endless Datsun 1600's for AU$300 and AU$500 each to use for our Rallying.
Here comes the next rise in Classic Car values....... When will it stop ?
At this stage of the game, we really need Classic Car values to stop rising, or else it will end with a slight drop in values rather than the plateauing that has occurred in Europe recently. If not, we may suffer from the same issue that will affect Sydney and Melbourne property values as soon as interest rates rise, if not earlier.
Have you ever wondered how much the old Datsun that you used to drive would be worth today ?
I wonder how many people in Australia have gone back in time to remember the old Datto that they used to drive. Probably not many actually, as that was a piece of the past.
That said, and with the massive Classic Car Boom that Australia now seems to be experiencing, some people are looking back in time, and clearly want to re-live this time. Some examples of prices on today's Carsales.com.au may suprise a few people,
No more Esprit's for sale on Carsales.com.au !........... For the first time in 11 years.
No doubt driven by the rapidly rising prices of Lotus Esprit's, there are now NO Lotus Esprit's for sale on Carsales.com.au, Australia's leading car sales website. This is the first time to have occurred in 11 years. Here is why :
The Financial Times is talking Classic Cars again.........
Many will read the article that we have placed in our "News" section with eagerness, awaiting tips and ways to get "The jump" that all our clients are always asking us to give them, by buying the "Next Big Thing" in the market.
There is one car that we missed in 2015.
Of all the many masive wins that we had with buying all of the right Classic Cars all of the time, we missed one car.
Whilst we were out running all over the world picking up Porsche 911T's, E's, S's, and 930 Turbo's, we foolishly neglected one car that tripled in value over the last 12 months. It was the unloved, forgotten 911 that is far from ''special'' in any way, as it is heavier than all of the earlier Porsche's, does not perform very well, has an average interior, and was produced in too higher numbers.
Clearly everyone is reading the articles in this section .........
On the 10th of March, 2016, we posted a Blog Article entitled "Why are Lotus Esprit's yet to see their greatest value rise ?".
On that day, there were 9 Lotus Esprit's showing on Carsales.com.au, including one red non-turbo model.
By the 14th of March, 2016, there was just one (1) Lotus Esprit on Carsales, after some had been advertised for 3-4 months each.
Great rewards will follow for Investors with specialised knowledge in the Australian Classic Car Boom
The two News Items on the ABC's 7.30 report have spawned endless telephone calls to our Sydney office in the last 9 days, and it has become very, very clear indeed to us that there will be winners and losers as we ride the Australian Classic Car Boom, now that it has arrived.
Who needs any other form of income when a car makes £4.45 million in one year !.
We are all well aware now of the massive money being made in Classic Cars, although some examples just make us here at Supercar Secrets have a moment........
A moment to remember why we got into this industry in the first place.
Supercars such as the Lotus Esprit V8 Twin Turbo have always been undervalued...........until now.
Classic Cars ultimately all rise in value, with some rising fast and some trailing behind until they are 'discovered'.
We can trace the history of such cars by looking at supercars such as the Porsche 930 Turbo, which was unloved for SO many years by comparison to cars such as 911 T's, E's and S's. In addition, we can now even add the 911 SC to the list, as again it is a model that has suddenly experienced significant growth in the last 6 months.