We made seceral brave predictions back in September in 2016, although now those predictions seem like a distant memory, as the prices of Classic and Modern Classic Cars have surpassed most of the value's that we suggested back then.
We did have a review of values in January of this year, and of course things have just kept bouncing along in a very upward way since then.
What will the future hold ?.
Well, Australia's economy will keep soldiering on as it always has, save to say that the residential housing market will face a fairly significant correction. This, coupled with stagnant wages growth will mean that things could become somewhat tough for a few people who are over-committed on their mortgages, although in the main, people will still keep spending.
The Classic and Modern Classic Car Industry has seen very strong growth recently, as people turn from property into an asset with much, much more upside, that is a load more fun, and this will only strengthen, as it did in Europe prior to a slight flattening in 2016. We still have much more growth to do to catch up with Europe, and of course European Classic Cars NEVER drop in value, unlike Australian cars, due to the much more extensive interest base.
The future is therefore looking VERY bright !.
Happy Classic Car Investing.
Even Pickles Auctions are discussing the Classic Car Industry.