After years of price rise, vintage car market cools down

by SpeedLux

After years of massive growth, the cost of classic cars has stopped skyrocketing and they might not be seen as the clever choice for rich investors.

With international rate of interest at ultra-low levels and stock exchange in the doldrums, vintage cars had actually joined home, paintings, and wine as appealing alternative financial investments.

As an outcome, costs of cars like traditional Porsches and Jaguars rose around 16 percent in both 2014 and 2015 following a near 47 percent rise in 2013, according to information from Historic Automobile Group International (HAGI).

Since 2012, average costs increased by around 1 percent, as per HAGI.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.