BBC article on classic cars

[9112gun]

https://www.bbc.com/news/business-47525435

Interesting read - Discusses slow down on dollar growth and velocity

[fxdp]

interesting but....why would the threat of "trump tariffs" cause a slowdown ?
if true wouldn't there be a rush of classic cars purchased in order to beat the implementation of "trump tariffs" ?

its reported...
""But last year, average classic car prices rose just 1%, according to a separate report by classic car index Hagerty Price Guide.""

not sure the extent if any trump tariffs have to do with this -

i have to admit i was surprised to read that the dealers best year was during the financial meltdown - i guess people were piling in at the bottom ?

[Alan A]

Interest rates have no effect...

[ralfoto]

If you have ever been to Cooper Classics and seen the cars the past 10 years you will know that the "slowdown" in sales is likely due to other factors associated with the garage

[Rick Brooklyn]

Originally Posted by fxdp

interesting but....why would the threat of "trump tariffs" cause a slowdown ?
if true wouldn't there be a rush of classic cars purchased in order to beat the implementation of "trump tariffs" ?

You are correct, but it's the BBC, so "orange man bad" has to make it into the article in some way.

[996AE]

Fear.

Snowflakes. Safeplace.

Fear.

World will end in 11.5 years.

Buy and drive your cars now.

AOC , Beto and Bernie will end gas powered everything.

Sell me your GT3RS now.

[sugarwood]

Tariffs on new cars will raise the value of existing cars.
Hooray !

[High Life]

Originally Posted by Rick Brooklyn

You are correct, but it's the BBC, so "orange man bad" has to make it into the article in some way.

This.

[blau911]

Very good point. In fact, you can go back well into the 90's and say the same thing. I remember being in Cooper Classics at least 5 times back in the mid to late 1990's and wondering how they sold anything at all. They were one of the last classic car dealers to join the 90's when the internet exploded. Furthermore, there were almost no sales people there handling whatever interest for the cars may have walked in from the street (including myself). They were also very unorganized. I just assumed that CC was simply a garage owned by an independently wealthy car lover who had no real focus on the bottom line. Basing the entire market atmosphere on this shop, must have been a boondoggle by some people working at the BBC who figured they could spend a week in NYC on the British government's expense account...

Originally Posted by ralfoto

If you have ever been to Cooper Classics and seen the cars the past 10 years you will know that the "slowdown" in sales is likely due to other factors associated with the garage