I think there's also another factor happening. People are seeing the potential end of internal combustion engines combined with the rising cost of petrol and deciding now is not the best time to invest in cars that can already cost £100+ to fill up
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3 Zs up for auction at Silverstone classics today
- Thread starter Kieronpollock
- Start date
I think there's also another factor happening. People are seeing the potential end of internal combustion engines combined with the rising cost of petrol and deciding now is not the best time to invest in cars that can already cost £100+ to fill up
richiep
Club Member
I mean that the potential owner base for Zs is shrinking, due to factors including high prices, cost-of-living, newer alternatives, lack of/falling skill levels and motivation to own and work on a classic Z, caution about future of ICE, etc. While the base and demand had been growing for some time, it’s now stalling and sputtering to a halt. Look at the large number of overpriced cars sitting on eBay going nowhere for example.
I think the whole classic/sports/collector car (and Jap car IMO - 90s stuff is way overpriced now) market is facing the threat of a massive correction.
Rich is spot on ,too many overpriced cars Zeds included out there still for sale months and months later which is something I’ve always said
people are also or were before they trebled in price going for modern classic like a Scooby sti ect,ive got two myself,had the sti four years and I’d get 6k more than I paid for it if I was to sell it,Skylines went right up which forced price of Scoobys and Evos up us they were the next best thing in that category,Wonder wots next to go up
people are also or were before they trebled in price going for modern classic like a Scooby sti ect,ive got two myself,had the sti four years and I’d get 6k more than I paid for it if I was to sell it,Skylines went right up which forced price of Scoobys and Evos up us they were the next best thing in that category,Wonder wots next to go up
Alphabettispaghetti
Club Member
Depends on what page of the book you’re reading.
As Chris says, at £50k all in for a car with a sunroof and a narrow market, they should just take that
I agree, all 3 cars reached their money.
Alphabettispaghetti
Club Member
does show an interesting fact, that a LHD car will sell for the same money(or more) in the UK as it'll vanish off into europe.
chrisvega
Well-Known Forum User
Maybe not, that car was the better car of the two and worth more based on condition alone.
richiep
Club Member
The 90s-00s Jap scene is heading for a crunch too. Historically, the scene was “democratic”, using the term I used earlier. Jap imports were affordable, there were lots of UKDM Japanese cars alongside them, they were all accessible. Then Fast and Furious turbocharged US demand and prices skyrocketed. This has been made worse by the widening gap between US disposable incomes and everyone else’s. Some Americans are willing and able to pay the inflated prices, and this dragged the international market up with it. Hence you end up with things like a low mileage R34 Skyline V-Spec Nur II in bayside blue being advertised for £260,000 here in the UK. And other Skyline GTRs advertised here for multiple times the price they were 3-5 years ago. This is going to massively curtail the market size or force a major correction, because people in the UK don’t have the money and if they did, would they really buy a quarter century old Skyline for a quarter of a million quid? I know I wouldn’t. I’d have a 4-5 year old Lamborghini Huracan and still have enough left for a Hakosuka!
Event attendance is another related indicator; from personal observation, event attendance at things like JDM Combe, Oulton Park Gold Cup, and other shows is down. People are being more careful with their money. Punters aren’t going and owners are skipping them.
Prices will be forced down on many enthusiast cars apart from those at the very top, but that’s a different universe.
Alphabettispaghetti
Club Member
I didn't know you had a scoobies?
So how can this car be 'dressed-up' to look like an RAC Rally entry of number 14 if it isn't? Surely that makes a huge difference to it's value to a rally enthusiast or investor. A car starting at 14 on the RAC would be a very serious 'works' car worth a lot of money now if still it's original shell/engine but in good restored condition. Surely the 'auction house' should check this - quite easy to do.There appears to be some dispute over this car Escort.
Iconic Auctioneers | 1972 Ford Escort MK1 RS1600 BDA-Sold
Ex-1973 RAC International Rally RS1600, superbly restoredwww.iconicauctioneers.com
Number 14 was a Saab.
Entry list Daily Mirror RAC Rally 1973
Drivers - codrivers - teams - cars - categories provided by eWRC-results.comwww.ewrc-results.com
The more I look at this the more I am amazed. It doesn't even look like a serious rally car to me never mind one that was seeded at 14. Then of course Number 14 was shown as Simo Lampinen in a Saab 96. Simo retired on stage 79 in his Saab.There appears to be some dispute over this car Escort.
Iconic Auctioneers | 1972 Ford Escort MK1 RS1600 BDA-Sold
Ex-1973 RAC International Rally RS1600, superbly restored
Number 14 was a Saab.
Entry list Daily Mirror RAC Rally 1973
Drivers - codrivers - teams - cars - categories provided by eWRC-results.com
I have checked the entry for 1972 and 1974 in case of a 'typo' but neither of those are an Escort.
Watch this from 2.20
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Yeah got two,sti blob ppp uk car and a hawk jdm
Alphabettispaghetti
Club Member
I just think its a soft market, the red and black car at the auction was a strong price, as its a got a smaller market than the white cars, also its fanbase gets smaller by the year. I'm not sure how much the ULEZ affects proper classics? I think the escort cosworth prices are a bit nuts.
Don't you think classic car prices are a bit 'nuts' anyway? It seems to be driven by people who want to make money rather than drive the cars. Once magazine articles suggest which cars are on the up everyone wants one.
If someone buys a Datsun for £50k are they buying it because they want the driving experience and ownership experience of that type of car? If so great, you are a true enthusiast who has deep pockets.
If someone buys a Datsun for £50k are they buying it because they want the driving experience and ownership experience of that type of car? If so great, you are a true enthusiast who has deep pockets.
Alphabettispaghetti
Club Member
I do. I think that there's a lot thats over valued, a lot thats under valued. However, thats based on my thoughts and everyone will have their own ideas.
Thing is, everything is 'expensive' now days.
uk66fastback
Club Member
I thought all ‘historic’ cars - ie over 40 years old - don’t pay the ULEZ tax grab, sorry, charge …
… but you have to register your car I think … see link below.
It's the modern classics that aren't exempt, so 80s/90s. I Think.
Davidsw
Club Member
Adding: "All vehicles that have a historic vehicle tax class are exempt from the ULEZ." The TfL also shares that in line with the existing Low Emission Zone (LEZ) discount, "all vehicles constructed before 1 January 1973 are exempt from the ULEZ, regardless of commercial use or otherwise."
From Google
From Google