As a self confessed petrol head of the baby boomer generation and tend not to be inclined towards adopting the idea of following some sort of "faith" relative to any particular vehicular marque or much else. I have been a bit of a carsonova in my time and may have been more so, had my funds not been as limited as they were over many years. You may well ask what has that to do with the value of cars as an investment...perhaps not much other than I have been in and around automotive evaluation for quite a while on a very non-professional basis (-:
Just so happens I attended the recent Scottish Transport Extravaganza at Glamis Castle, a quite wonderful collection of everything from stationary engines through to supercars amongst the 1800 or so entrants, and it seemed to me that a great many owners were..err..mature, the majority perhaps even of my generation, which caused me to wonder about the much touted investment potential of such machinery in advertising plus the possible amount of "man maths" that may have become very involved in so many recreational vehicle purchases over the years...?
I have no qualifications in economics, so anything I type is to be taken with a pinch of salt... (-: If my observations at Glamis were in any way reasonable then it seems just possible that as us older codgers slip off our perches, that the young perhaps deprived of reasonable job contracts, house buying opportunities and unlikely to be bought out of their jobs with golden handshakes and then into a reasonable pension situation... might just not be able to follow in our footsteps as we might hope..?
If I further consider that baby boomers and the like ever had dreams of Morgan Porsche Ferrari ownership and the like it seems logical (?) that in time as funds became available then the opportunity to acquire such a vehicle would be grabbed with both hands... I have no real idea of what the mid 20`s age group ever had as pics on their walls or perhaps I should be thinking of whatever image they have preserved on the front of their phone... whatever... but I suspect it might not be of some vehicle that is much older than them...? Sure there will be some youngsters who appreciate the finer things in life.... but how many...hmm..?
I am not a numbers thinker by nature, but looking at some car adverts for "classic" cars and what seems like not a lot of movement for some seemingly desirable machinery, I do wonder if the shine has come off the investment potential thinking...? Brexit is bound to play a part in the mindset of many and if statistics are correct then circa 50% of the population should be confident to keep on spending if they voted for it...but perhaps that is not the case..hmm..?
Another rather obvious thought was the seemingly exponential growth in publicity relative to save the planet issues and how they will affect the investment value of "Classic" cars...?
My thinking is that it might be best to enjoy "classic" cars while you can, as they may become far less valued by the "market" and perhaps sooner than we might think, as I suspect there may be a limited market for garage queens (no insult intended) as seems may be a logical evolutionary ownership path for most fossil fuel burning machinery...?
Would be more than happy to read any alternative thinking..
