Is the classic car bubble about to burst?

Is the classic car bubble about to burst?

We’ve had an enormous run of strong sales in classic and historic cars of all types, and especially muscle cars. Like any market, it can’t keep going up forever, so is it about to burst? While Barrett-Jackson and Retromobile continue to pull in the high bids, Swann Insurance’s classic car sale last Friday night failed to attract even one bid for any of the cars offered, including (reportedly a Ford Mustang and a mint Lamborghini Urraco. Barrett-Jackson sold 100 less cars than it did last year, but the total money taken was higher. Perhaps recent news in the Herald about the housing market slowing down and general financial unrest worldwide is causing some jitters and only the really premium examples are selling It may not have run its course yet, but what goes up must come down (even if just a little way). Now is definitely the time to exercise caution if you’re looking for a collectible car.

We’ve had an enormous run of strong sales in classic and historic cars of all types, and especially muscle cars. Like any market, it can’t keep going up forever, so is it about to burst? While Barrett-Jackson and Retromobile continue to pull in the high bids, Swann Insurance’s classic car sale last Friday night failed to attract even one bid for any of the cars offered, including (reportedly a Ford Mustang and a mint Lamborghini Urraco. Barrett-Jackson sold 100 less cars than it did last year, but the total money taken was higher. Perhaps recent news in the Herald about the housing market slowing down and general financial unrest worldwide is causing some jitters and only the really premium examples are selling It may not have run its course yet, but what goes up must come down (even if just a little way). Now is definitely the time to exercise caution if you’re looking for a collectible car.

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