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July 2016 price update for the Australian Classic Car Market

July 29, 2016
July 2016 price update for the Australian Classic Car Market

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. The European market has witnessed no value drops with the exception of one or two pre-1940 and 1950's cars, due to the fact that the interested parties are now too old or have passed away. It is therefore time to bring cars from Europe into the Australian market, which is of course what we are currently doing. By way of a guide to growth, here are the July, 2016 values as of yesterday, as they are entered into the Australian Classic Car Valuation Tool.

                                                                                                        

                                             Average July 2015 price                                  Average July 2016 price

Jaguar E-Type Series 1             $195,000                                                            $382,000

Porsche 911 SC Coupe              $21,400                                                              $112,700

Porsche 930 Turbo 3.3              $90,000                                                              $261,400

Ferrari Testarossa                      $162,700                                                             $467,200

Ferrari 308 GTB                            $70,000                                                               $177,500

Mercedes 280SL Pagoda         $63,800                                                               $183,000

Mercedes 280SE V8 Coupe     $68,100                                                               $154,600        

Datsun 240Z                                  $21,500                                                                $78,300

Datsun 260Z                                  $8,400                                                                  $38,000

Nissan Skyline R32 GTR         $14,300                                                                $36,400

All of these cars have now reached the top of their growth cycle, as they have all seen significant growth over the past 12 months. There are another 16-20 Classic Cars that have just begun their growth cycle, and so clearly they are the cars that we are investing in. Should you wish to join us, please give us a telephone call on our Freecall Number, which is 1800 001017 to get involved with some of the great new cars coming into their own, which includes many cars from the 1990's and into 2000 (New Classics).

Wealth Creation the fun way........

 

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