Jump to content
House Price Crash Forum

Archived

This topic is now archived and is closed to further replies.

Sugarlips

The classic car price crash is on!

Recommended Posts

Buried deep in this latest classic car market update for January it states that prices achieved for classic Porches and Ferraris are already down by upto 20% and Jag's 10% which takes them all back to 2014 prices.

Only low end cars are still appreciating (so my hobby of buying and restoring bargain basement aircooled vw's is still going unexpecedly well). 

Definate and obvious parallels with the London house price bust

With Bitcoin down 50% this week as well it looks like the everything bubble is cooked -. bring it on :)

Share this post


Link to post
Share on other sites

The high end Classic Car market is one of the more disgusting artifacts of our stupidly low interest rates. This is good news, thanks.

On an 'air-cooled note', I think I have owned around 25 different air-cooled VW's over the years but I fear I have lost interest in the VW scene, although I still have a Jubilee Beetle languishing in a garage.  What attracted me to air-cooled VW's initially was that they used to be cheap transport but those days ended decades ago.

 

Share this post


Link to post
Share on other sites

The worst part for me is the low end of the market. Ridiculous prices being asked. I keep an eye on some auction results and saw a bog standard 1992 ford Sierra 1.8 chasseur go for 2 grand. I wanted to buy a 1990-1994 merc 190 diesel about 4 years ago and I tracked down a nice automatic with air con that had been very well looked after. The dealer wanted £2.5k. The same thing nowadays will go for £4k plus. 

Share this post


Link to post
Share on other sites

Wonder how much of this was due to the 2016 budget which reduced CGT.

I would have expected the CGT exemption to be a major driver for the price of classic cars.

Share this post


Link to post
Share on other sites
2 hours ago, ChumpusRex said:

Wonder how much of this was due to the 2016 budget which reduced CGT.

I would have expected the CGT exemption to be a major driver for the price of classic cars.

O.T. but good to see you back CR

Share this post


Link to post
Share on other sites
On 1/20/2018 at 6:03 PM, Tomcat said:

1992 ford Sierra 1.8 chasseur go for 2 grand.

the only thing that should have chasseur in the name is something you order in a restaurant.

Share this post


Link to post
Share on other sites

Could also be to do with older people dying off.

Cars aren't such a thing of wonderment these days. And you need to be quite well-heeled to find a specialist to keep even 60s cars on the road, which in the old days any Dad could fix with some emery paper, a chisel and a tin of toxic lead primer. 

Anyway, may prices keep tumbling. I always wanted a 504 Farina cabriolet.

Share this post


Link to post
Share on other sites
17 hours ago, longgone said:

the only thing that should have chasseur in the name is something you order in a restaurant.

Wonderfully said!  I have often laughed at some of the pretentious names and words that car makers have, over the years, stuck on the rear of their cars.

Share this post


Link to post
Share on other sites

There are worse names. Nissan Cherry springs to mind. Also the Renault Wind.

In France there was the Citroen saxo BIC edition. That's BIC - the cheap, bright yellow throwaway biro. 

Share this post


Link to post
Share on other sites
2 hours ago, anonguest said:

Wonderfully said!  I have often laughed at some of the pretentious names and words that car makers have, over the years, stuck on the rear of their cars.

It probably reached a zenith in the dying days of BL. The Princess later named the Ambassador were far from luxury cars. They also managed to produced a Vanden Plas version of the Allegro. In the latter case, so derided, it has become collectable and iconic. The mid range Maxi was probably closest to a decent car and nothing too pretentious there.

Share this post


Link to post
Share on other sites

Have to say I take no pleasure in any of these asset price collapses people here seem to revel in. This is HPC. We should only concern ourselves with that which brings down house prices. With that in mind,  I assure you all that so long as other assets fall victim to price collapses, houses will remain the preferred investment choice of rich and less rich alike.

Share this post


Link to post
Share on other sites
14 hours ago, crashmonitor said:

It probably reached a zenith in the dying days of BL. 

Humber Super Snipe was a good'un. It ran from 1936 to 1967

Share this post


Link to post
Share on other sites
On 21/01/2018 at 3:06 PM, ChumpusRex said:

Wonder how much of this was due to the 2016 budget which reduced CGT.

I would have expected the CGT exemption to be a major driver for the price of classic cars.

There is no CGT on cars as they are usually depreciating assets.

Share this post


Link to post
Share on other sites
On 22/01/2018 at 3:13 PM, Tomcat said:

There are worse names. Nissan Cherry springs to mind. Also the Renault Wind.

In France there was the Citroen saxo BIC edition. That's BIC - the cheap, bright yellow throwaway biro. 

Ford Probe. :blink:

Share this post


Link to post
Share on other sites
On 1/22/2018 at 4:15 PM, crashmonitor said:

It probably reached a zenith in the dying days of BL. The Princess later named the Ambassador were far from luxury cars. They also managed to produced a Vanden Plas version of the Allegro. In the latter case, so derided, it has become collectable and iconic. The mid range Maxi was probably closest to a decent car and nothing too pretentious there.

Impossible to resist...

Share this post


Link to post
Share on other sites

Certainly no softening of prices at the lower end of the market, especially with fast Fords, jap rally reps etc

Share this post


Link to post
Share on other sites

About 18 months ago I boyught an '86 Golf GTI for £375 and drove it for 6 months until the MOT run out and planned to do some welding, its been left outside my flat. Neighbour spoke to me the other day, her boyfriend wants to know if I'd sell it for £800. 18 months older, no MOT, got bits of metal cut out of it and I'm being made offers like that! Makes no sense.

Anyway, not selling it. I want to actual complete the project and actual keep it but it seems mad. If old Astons want to drop in price that'd be nice, looking at buying one so might hold on if prices are about to drop.

Share this post


Link to post
Share on other sites

The Citroen in my avatar is way out of my league but I regret not owning a mark 2 Vauxhall Cavalier when they were still plentiful. As rare as rocking horse poop these days.

One of my teachers had one in a splendid shade of 'terra cotta' red.

Share this post


Link to post
Share on other sites

My 94 'Grale Evo2 cost me £6k in 2007, I should achieve more than that if I decided to ever sell it. However some of the stupid "valuations" I've had for it (My Insurance company request it every few years) make me laugh, definitely in bubble territory.

Share this post


Link to post
Share on other sites
On 22/01/2018 at 3:13 PM, Tomcat said:

There are worse names. Nissan Cherry springs to mind. Also the Renault Wind.

In France there was the Citroen saxo BIC edition. That's BIC - the cheap, bright yellow throwaway biro. 

Rolls Royce's planned name for the Silver Shadow was the Silver Mist, until someone translated it into German. Car manufacturers have to think of names that can be used wherever they sell their cars, hence some very strange made up names. Some of the names that sound really good and exotic in one  language are really dull in others, Quattroporte and Testarossa spring to mind. The Toyota MR2 was sold as  the MR in France..........

Share this post


Link to post
Share on other sites
18 hours ago, Option5 said:

My 94 'Grale Evo2 cost me £6k in 2007, I should achieve more than that if I decided to ever sell it. However some of the stupid "valuations" I've had for it (My Insurance company request it every few years) make me laugh, definitely in bubble territory.

I have a 1995 MR2 Turbo Rev 3, bought it for £1000 No MoT, but loads of spares 3 years ago.... they are changing hands for £5k+ now, with asking at £9k+.... for a Mid 90s jap car????

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.