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Old 23-07-2021, 08:20 AM   #1
Polyal
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Default "Viability" of holding onto classic cars

This is not intended to be doom and gloom, nor anything about the ROI of owning a classic, more about the challenges of ongoing ownership.

What are peoples thoughts on continuing to preserve, restore and in some cases just maintain classic cars into the future? Additionally how will this effect prices?

Given the EV movement, which I suspect will start a shift in skill requirements, once the current generation of mechanics, body/panel tradespeople start to reduce that IMO is going to increase the cost (charge rate) of who is left.

Is the ongoing financial appreciation of these cars going to continue? Have we now seen the peak? What future buyer is going to be willing to spend $30-40k minimum on a decent X series Ford?

Covid has done some strange things to prices as it is, perhaps a readjustment is on the cards once we get to a point of a decent vaccination rate?

In the past it has been different, there was no EV talk as such so if you owned a classic or vintage car then the trades were still working on new mechanical driven cars so its not too dissimilar.

Once EV etc take the majority of the market share its going to be a strange dynamic.

One positive in todays world is that if you are half savvy and willing there are loads of information available, case in point this forum. They will be valuable resources and perhaps bring those communities closer together?
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