I spoke to Dave Magers at Mecum’s a few hours ago. He had a wanted to buy ad in Hemmings and I have the parts.
Anyway, he asked me if I noticed the rapid rise in base cars (1959 to the late 1980s) if I was aware that Hagerty’s the leading parent company of over 20 insurance providers and expert in the collector car market has raised their estimates over 20% twice in the past 12 month?
Average prices realized at auctions are up as inventory and disposable income is up considerably this year. Dave said they have to turn away 5 or 6 times as much as they accept into auctions and it’s not because of the cars or the quality, they just can’t handle the volume currently. Just about any V8 coupe from the 1960s will see another 20 to 25% gain in the next 12 to 16 months. There a shortage in the supply of raw materials that will drive up manufacturing costs and passed on to consumers very quickly now. Expect deals and sales will drop off to less than 3% of total availability starting this fall. It’s expected our economy will grow at the fastest pace since the late 1940s over the next 6 years at least. Banking and financial institutions are lobbying for their share of this expanding market.
Anyway, he asked me if I noticed the rapid rise in base cars (1959 to the late 1980s) if I was aware that Hagerty’s the leading parent company of over 20 insurance providers and expert in the collector car market has raised their estimates over 20% twice in the past 12 month?
Average prices realized at auctions are up as inventory and disposable income is up considerably this year. Dave said they have to turn away 5 or 6 times as much as they accept into auctions and it’s not because of the cars or the quality, they just can’t handle the volume currently. Just about any V8 coupe from the 1960s will see another 20 to 25% gain in the next 12 to 16 months. There a shortage in the supply of raw materials that will drive up manufacturing costs and passed on to consumers very quickly now. Expect deals and sales will drop off to less than 3% of total availability starting this fall. It’s expected our economy will grow at the fastest pace since the late 1940s over the next 6 years at least. Banking and financial institutions are lobbying for their share of this expanding market.