Peter, I do not doubt for one moment that which you type in relation to high value automobiles which are in a market of their own and are bought as nothing other than investments.
Of course investment thinking has been used and perhaps abused by the motor trade for many a year to boost values of everything from the mundane upward and of course encouraging us to use man maths to agree on market evaluation. It would be interesting to know in reality how many average "classic" car owners have or are likely to ever find profitable returns on their "investment(s)" I suspect few if any of them might be Morgan owners...?
On the other hand air cooled Porsche owners seem to be on to a winner if they bought into that market before it grew to bubble proportions... Though I suspect much of that may be down to air cooled Porsches being less dependant on Baby Boomers, as it seems there are rather a lot of folk in their forties and fifties interested in that area of the Porsche market to maintain it`s buoyancy to date...?
Fish..? Yeah I have spent time fishing...(-:
My Fezza definitely is not a "high value" motorcar but in the owners club there are many who have cars from 250k up to £?m. One of the guys with such a multi million car uses it regul;arly for meets and has had the car since the early 60s. Another member has 6 Fezza all of which seem to get used with the latest fastest most expensive in daily use. One local aristo use to use his old Bugatti to go down to the local fish n chip shop.
The "expensive car" market seems to split into two. Yes there are lots of people with collections and using them as a sort of pension pot. But there are just as many who use them regularly. But I wouldnt see any Morgan or Ferraris like mine coming ito the investment scene. I expect to lose money on my car unless I keep it until the next boom cycle in 20? years time.
