Test title

How will Australia's changing economic speed affect Classic Car Sales ?

September 7, 2015
How will Australia's changing economic speed affect Classic Car Sales ?

How will Australia's changing economic speed affect Classic Car Sales ?

As became obvious back in January of 2015, Australia faces a change in it's economic speed. For over 20 years now, this wonderful country has enjoyed the benefits of selling various commodities to the world, mainly revolving around Iron Ore, Gold and Coal. During this time, the price that these commodities have been worth overseas has varied, and since 2008 we have experienced a boom in prices, which subsided last year until we have reached 10 year lows this year, especially now.

With China's economy coming off the boil, they do not need so much of our our Iron Ore now, and Coal is really becoming a bit of a dirty word. We have record breaking house prices, and so in many senses, we have an economy that is going in two vastly different directions - if it is commodities or anything retail, it is dropping, and if it is real estate, it is rising. That is a very interesting state of affairs.

And so what does it mean for us ?. Well, Classic Cars continue their massive growth trajectory in Europe, with no signs of letting up. The cars that we purchase here in Australia were very low in price earlier this year, and then everyone suddenly got onto our bandwagon, and prices went up in Australia too. Now we have falling economy, along with a fast-depreciating dollar, which is .... GREAT !. Naturally, we are out buying everything that we can grab, as the prices begin to drop with people needing to sell. Now we can look forward to exceeding the doubling of our money on every deal that we did throughout 2014 and for the first quarter of 2015.

Come and join us, and enjoy the boom. This is a world of abundance, and there is plenty for everyone.

Search

Categories

Recent Posts