Ford's GT40 takes centre stage this quarter, as people remember this awesome machine, , whilst many Ferrari's and Porsche's of a certain age drop as they always do.
Russ Smith's latest report for April, 2024 shows some very interesting results across the past 3 months on page 17 of Thoroughbred and Classic Cars Magazine. During the past 3 months a multitude of great cars achieved more than 20% over this past quarter, showing us all that the market is booming again. Within this edition of the publication, many Ferrari's have dropped again, with a whole range of higher value Porsche's and some early Austin Healey models joining them in the loser's box. Some of this drop off is undoubtedly due to the age range of the cars listed.
There is just way too much to report on yet again this quarter, although briefly another great Swedish car makes an outstanding gain of 14% in 3 months, mainly because of it's awesome and unique appearance. This car was was ALWAYS going to take off, which is why we purchased several of them prior to this massive value rise . Some people ask " Are Millenials buying classic cars". The answer is .........Yes !. In droves, because 57% of Millenials expressed that they are "Very interested" in investing in classic cars.
Here a few examples of the cars that those that have to rely on purchasing from advertisements and auctions have been acquiring WELL AFTER the growth has stopped ! :
The Collectible Cars that HAVE risen, and will now STOP their growth (Move onto the next 62 cars that have already doubled in value)
Mercedes-Benz 230E saloon Up 21% in 3 months
Ford GT40 Up 20% in 3 months
Rover P5 Coupe Up 16% in 3 months
Volvo 262 Coupe Up 14% in 3 months
It is of course too late to capitalise on the values of these cars, as they will now stop growing, and so we move on into the next 62 great Collectible Investment Cars that will boom in 3-6 months time.
The dropping Collectible Cars
Porsche 356 Speedster Down 8.5% in 3 months
Austin Healey 3000 MKIII Down 7.1% in 3 months
Porsche Carrera 2 Down 4% in 3 months
Ferrari 250 GT PF Coupe Down 6.3% in 3 months
Call us now to discover the 62 cars that will double in value over the next 6 months.