Donington Historic Meet (1-3 May 2020) | Page 4 | The Z Club of Great Britain
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Donington Historic Meet (1-3 May 2020)

Discussion in 'Shows & Meets' started by Rob Gaskin, Jan 8, 2020.

  1. Rob Gaskin

    Rob Gaskin Treasurer Staff Member Moderator

    Thanks Steve, just seen this too.

    It's going to be a quiet year for 'meets' and auctions etc.

    However cars should be A1 by the end of it - as long as folks have the money to spend on them and keep them.
     
  2. franky

    franky
    Z Club Member

    Given stockmarket drops and the lack of 'free cash' we should see some sort of price correction on cars. I'd be surprised from what I know if anything really is allowed to happen before Sept. Given what we should do, its should be 2021.
     
    Rushingphil likes this.
  3. Rushingphil

    Rushingphil
    Z Club Member

    Will be interesting to see what happens to Classic Car values...........

    I expect modern car values will take a significant drop, but classic cars???

    Stock markets are plummeting as investors take their money out and invest in safer options. When this has happened in the past, classic cars and motorcycle prices soared upwards - we'll see!
     
  4. richiep

    richiep
    Z Club Member

    I'm not sure classic cars will count as safe investments, certainly not within the more realistic part of the market rather than the daft top end. I think the market will stall utterly this spring, which is normally a key time for buying and selling ahead of enjoying the cars in summer. Instead, everyone is off the road, people are not going to be going looking at cars, show season is basically gone, and financial uncertainties will cause an abundance of caution in spending on non-essential items. Prices will freeze, or drop, especially if people find themselves needing to sell due to financial hardship, etc.
     
    Rushingphil and franky like this.
  5. JK240

    JK240
    Z Club Member

    I disagree, I've already seen WBAC halving values of modern used cars about a week prior to the lockdown, however that is only because they didn't want to take on board more stock that they would have no auction outlet for.

    Glasses and CAP however are holding prices currently and I suspect that will be the case until we resume some sort of normal trading position.

    JK
     
    franky likes this.
  6. franky

    franky
    Z Club Member

    I noticed that also, I was flirting with taking an an all electric car from work so looked to sell mine to motorway, went back this week and only the 'premium' buyer was in the same ball park(circa £1k less), all the others were £3-5k less.

    I think we'll(hopefully) see a bit of a shift from people buying new cars all the time and extending their finances to a model where people make things like having some savings more important. Given the stock markets, they'll be less cash around the wealthy that they're willing to spend so willingly so classic prices will come down(i'd put £5 on it!)
     
  7. johnymd

    johnymd
    Z Club Member

    If prices of classic cars come down then all the more reason for me to keep all of my zeds. Great news.
     
    Rushingphil likes this.
  8. Rushingphil

    Rushingphil
    Z Club Member

    Or buy even more :rofl:
     

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