The classic vehicle market.

[McCabe-Thiele (Ted)]

This owner might be taking a bit of a hit looking at his recent spend of £125k, it will be interesting to see what it makes?

.https://www.carandclassic.com/auctions/1962-lancia-flaminia-gt3c-nPjvO8?bsft_aaid=a5ce63ed-6419-48b8-adb6-8692f74daf04&bsft_clkid=b24ea312-889c-4920-9ab4-84cba69e96fa&bsft_eid=948b2fc9-ced1-3131-1a37-4e803c6835d1&bsft_ek=2024-11-27T10%3A00%3A00Z&bsft_lx=7&bsft_mid=80d7a22d-468a-402d-be95-e5980e855d62&bsft_mime_type=html&bsft_tv=9&bsft_txnid=7afc9003-01e1-4f16-872e-9c0dbf6c3308&bsft_uid=90a00ed2-99f0-4b9d-a501-f50a8b66c44a&utm_campaign=broadcast-i-wednesday-uk-email-i-0-90-days-i-27-11-24&utm_content=wednesday-uk-newsletter-rec-27-11-24&utm_medium=email&utm_source=blueshift

[Laverda Dave]

Beautiful car, shame there are no interior photos though but ouch, that price is going to hurt.

[McCabe-Thiele (Ted)]

There are 149 photos including all the interior?

[Orcade-Ian]

This scenario came up on this very forum quite a while ago and I voiced the opinion that the bubble was about to burst as there were fewer younger folk interested in older vehicles or getting their hands dirty and not having the skills.  Many folk naturally disagreed, perhaps not wanting to imagine that their classics could be devalued.  Looking at the way bikes and cars (except for some Fords!) have taken such a dive in price recently, it might be a bit like musical chairs or pass the parcel, where we just might be left holding the baby.  Me personally, I don't really care - no kids to leave anything to, so it will just be a bunch of 'hangers on' who will benefit a bit less from my modest collection!
A good friend up here has an immaculate, impeccably restored Series 3 E Type roadster which at the height would have topped £150k but will struggle to achieve half of that now.

Ian

[Gmac]

Prices of classics have fallen recently, but really only because they were so vastly, and artificially inflated, during and after the lockdown periods.

I work in the motor trade, and it wasn't just classics, it was regular cars and commercials too, but they are getting back to normal now, as new supply and used availability returns to pre covid levels

Yes, values are coming down, but only to where they should really be about now, anyway

[K2-K6]

A nice car Ted 

As noted though, the classic market was getting quite excited within itself over recent years. Frothy and puffed up beyond reasonable scale to sustain itself.

Some years ago, I worked with someone with lifelong interest in E type jag, was restoring a couple, had a body jig and ability to fully work right through them, said about them then "you'll never get back the money put into that process"  even doing all labour himself. Which of course changed from his cost basis in more recent times. People clamouring to buy classics as just investors didn't necessarily see what the market entailed.

It'll drop back, but probably go again eventually in another cycle of same.

Theres nothing like having something nice and using it too to extract value i feel though. Meanwhile, there's thousands losing literally thousands in the E  marketplace 

[McCabe-Thiele (Ted)]

TBH I tinker with my bikes as a retirement hobby with no interest in end value worth.
I like the challenges that are thrown up as I cycle through phases of dispair/elation  then ultimate joy when I finally press the start button. The only good thing about potential future worth is I  can mentally self justify the spend on new parts.

[florence]

Personally, I am glad prices are falling.  Some things have become really silly in price, far outstripping what they are genuinely worth.  I think as we all get older and the younger generation not generally interested, we will be a diminishing pool of interest.

Incidentally, there is a Lancia Flaminia in a hedge a couple of lanes from here.  I would say it is beyond repair.  The farmer who owns it sold the boot lid a while back.  I think he collects classic cars and I believe has a perfect example in one of his sheds.  There is a green lane opposite which contains many rotting early Triumph and MG cars as well which have been there since the late seventies.  All scrap.

[taysidedragon]

Now that interest rates have crept back up a bit, the investors can "earn" more from their money elsewhere and have lost interest in buying classic vehicles purely for investment.
I also believe that a lot of people have panicked a little about the future supply of petrol so there is a drop-off in buyers. Some unbelievers don't want to be left with an old vehicle that they can't use or sell.
That won't happen for a very long time, if ever. Just look at the last COP fiasco.
Keep on riding! 🏍

[McCabe-Thiele (Ted)]

When I worked in the car trade back in 1975/6 my Boss took a Lancia in part exchange for a new Audi. The Lancia was a silver 4 door with a sort of curtain in the back window. It drove quite nicely, when I left the firm it had been on the forecourt for over year without ever going on a test drive. As a used car they were not very popular in Burton on Trent.

[taysidedragon]

When I worked in the car trade back in 1975/6 my Boss took a Lancia in part exchange for a new Audi. The Lancia was a silver 4 door with a sort of curtain in the back window. It drove quite nicely, when I left the firm it had been on the forecourt for over year without ever going on a test drive. As a used car they were not very popular in Burton on Trent.

Old Lancias were rust buckets, they dissolved as soon as they saw salt! 🤣

[Martin6]

TBH I tinker with my bikes as a retirement hobby with no interest in end value worth.
I like the challenges that are thrown up as I cycle through phases of dispair/elation  then ultimate joy when I finally press the start button. The only good thing about potential future worth is I  can mentally self justify the spend on new parts.

Right mindset. Including purchase, I've spent more on my 750k6 than it's worth. But, I have the pleasure of looking at it, riding it and no concern about depreciation. No road tax either.

On rusty Lancias: When I was a boy, growing up in Bristol, the Avon Bridge section of the M5 had just been built. This gave a good view of the Avon / Portbury docks. On the south bank IIRC, there was a very large gravel site, probably 10 football pitches, full of imported Lancias. I remember going over the bridge in the winter and many of the cars were at least axle deep in water. I bet they still sold as 'factory fresh'!

[McCabe-Thiele (Ted)]

During the 1973-75:period, fields full of fully externally waxed  new Audi's stood in the Harwich area for up to a year. To shift them the importers at that time Thomas Tilling gave huge extra  discounts to dealers to buy them in full. That included Car tax & VAT.

The problem wasn't mainly  the water or the salty sea although that sometimes made the rear dampers corroded and leak.
It was the Seagull Droppings that would burn a hole right  through the wax, paint and put pinholes in the roof, boot lids & bonnets.

[ozzybud]

Look at the picture of the pedals! This is an indication that the restorer was cutting corners and not paying attention tion to detail. They look like they have never been cleaned. That is not new dirt. For a 120k restoration these things should not have been missed.

[SteveD CB500K0]

Referring back to one of your earlier posts Ted (another topic), there’s no apostrophe in “Audis”

[pedant mode off]

However, I do agree with you about modern usage. If everyone knows what you mean, why the hell does it matter if a few 1960s grammar rules are binned


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