Five years ago, the classic car market had just completed a turnaround that left even seasoned observers surprised by its speed. The deep recession that began in had dealt the same initial blow to vintage car prices that it did to the Dow and to the real estate market. But bymost had fully recouped their pre-recession values, and the market has maintained an even keel.
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The Mickey Thompson car was driven by his son, Danny Thompson, to a piston-power world record of nearly mph at the Bonneville Salt Flats. Find Your Classic. Make Selection.
Vintage Cars To Buy. Riding in Classic Cars. The distance from bottom of dash to transmission hump floor is 19" or less trim to fit. Contact Us.
Jul 15, For that matter, anyone following vintage cars on social media has probably noticed it, too. But the rest of the market is bleaker.
Your classic car, truck or motorcycle is a work of art on wheels. You've invested a lot of time and money making sure the details tell a story. Having insurance to fit your needs is the perfect finishing touch.
This is a list of the most expensive cars sold in auto auctions through the traditional bidding process, that of those that attracted headline grabbing publicity, mainly for the high price their new owners have paid. While collectible cars have been sold privately for more, this is the highest price ever paid for a car at a public auction. Aside those mentioned above, the world economy is the other main factor to the value of collectible cars as classic cars are frequently regarded as an alternative investment.
As time progresses and the years go by, certain cars start to see a rise in value and become vintage, collectible items that can make great investments. Unlike the average used car that will depreciate in value with time, these vehicles can appreciate as they get older. Reasons for this vary but often a major factor is supply and demand, with some cars being more desirable than others. People remember cars and vehicles from their younger years in life and in later life they have the funds available to purchase them, creating a demand.
If you're planning to buy or sell an antique automobile, it's essential that you know how much the vehicle is worth. Antique car blue book values can help you determine what to ask or offer for a car as well as options and colors that were available and can add further value. Use price guides to get an idea of a car's value.
In recent years, classic cars have become more popular, both as investments and as a touchstone to bygone eras. One look at the prices commanded through car auction experts such as Barrett-Jackson or Russo and Steele show buyer demand is continuing to drive prices higher. While those numbers are out of reach for most people, don't let them scare you.