Thread: Depreciation
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RKDinOKC
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The Stick
 
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Join Date: Dec 2007
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There are what I call mini collectors out there. They have 5 or six collector cars including air cooled 911s. The go to car meets and hear of one or two selling for bigger numbers. They decide they are tired of spending money on cars they don't drive to keep the mileage down, but still have to keep maintained. So they put their cars up for sale. However, the aren't interested in selling unless they get the big numbers. The market gets glutted with low mileage cars and nothing sells unless it is a really special owner or color.

The political economy still has a lot to do with spending money on collector cars though. And that is not just a recent thing. Some have been tightening their belts for several years. I know in the oil and gas industry both my income and buying power has dropped over the past 8 years. Only the last four months has business only started to recover.
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Richard aka "The Stick"
06 Cayenne S Titanium Edition
Old 02-26-2017, 09:08 PM
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