What will Z prices do over the next 12 months?

Will Z / classic car sale prices be affected by a global recession?

  • No - classic cars will still continue to climb in value at current rate

    Votes: 7 58.3%
  • Yes - classic car values will likely stagnate

    Votes: 5 41.7%

  • Total voters
    12

Robotsan

Club Member
Hi all,

What do people think the effect of a mini (we hope) global recession might be on the prices of Z's and classic cars in general? We've all seen prices climb exponentially over the last 5 years or so, and particularly in the last 2 years.

But will a recession affect prices?
I feel like maybe it wouldn't, as the people in the market for them generally have a bit more money than the average person, and are therefore more likely to be insulated from the effects of recession?

And perhaps people will pull out of stocks and shares and into classic metal, in the same way people move into gold to give some stability?

On the other hand, perhaps as with house prices, the cost of living crisis will just halt the incredible price growth we've seen recently?
 

status

Well-Known Forum User
Same as the 80 s they go stupid then come down,it’s a case of People asking sensible money for their cars which in some cases we’ve seen lately isn’t the case,one factor lately is some company owners received the 10 k government grant to help their companies stay afloat and spent it on classic cars or a new kitchen etc I think it’s the sensibly priced cars that will sell,just look at the overpriced car for sale at the mo,I rest my case
 

Fairlineguy

Club Member
Difficult one
in one hand the cost of restoring a classic is going up along with every thing else in the world.
But it normally only takes a few desperate sellers for the price to cool and the market to slow.
 
they seem to be falling/cooling off in the states(BAT), however that might just be from that one platform.

I'd like to see them come down a little.

highest inflation rates for 30 odd years, it'll be interesting to see if they can control inflation on a longer term basis. I'd imagine that'll then hit the classic market more if they cant.

Young people will soon have licenses for auto/electric cars only, that might have an effect?
 

Robotsan

Club Member
Difficult one
in one hand the cost of restoring a classic is going up along with every thing else in the world.
But it normally only takes a few desperate sellers for the price to cool and the market to slow.

Yeah exactly. It trickles down, so you could see sellers rapidly dropping prices if their personal businesses are in trouble. A 30k car is quite an asset to be sitting on, and strictly not needed. They're pure luxury items.
 

Robotsan

Club Member
they seem to be falling/cooling off in the states(BAT), however that might just be from that one platform.

I'd like to see them come down a little.

highest inflation rates for 30 odd years, it'll be interesting to see if they can control inflation on a longer term basis. I'd imagine that'll then hit the classic market more if they cant.

Young people will soon have licenses for auto/electric cars only, that might have an effect?

Interesting.. do you mean young people will be able to choose to just have an auto/electric licence? So they wouldn't be allowed to drive an old school manual?

Can you imagine what a car like a Datsun would look like to a 17 year old in 10 years from now when EVs will probably be the norm? Would be like us looking at a horse & cart or steam engine 😂
 

Faster Behr

Club Member
Don't forget that the cost of new and used cars has also jumped. This puts a general price expectation into the market. It's not just classics that have increased.

The main driver at the moment is availability of disposable income (no lockdown holibobs to spend on), the realisation that life is short (aka global pandemic) and general good old fashioned greed.

Personally I don't really care. I bought my cars because there is more to life than money in the bank. If I wanted an investment it wouldn't be one with wheels.

I think they may slow down but I doubt they will drop unless people have a need to liquidate.
 

Mr Tenno

Digital Officer
Staff member
Site Administrator
Interesting.. do you mean young people will be able to choose to just have an auto/electric licence? So they wouldn't be allowed to drive an old school manual?

Been the case for years, even when I took my test you could chose to just do automatic-only.

I think the biggest issue will be that young people have no money, most under 30s I know can't even afford to save for a house deposit let alone buy classics.
 

Robotsan

Club Member
Been the case for years, even when I took my test you could chose to just do automatic-only.

I think the biggest issue will be that young people have no money, most under 30s I know can't even afford to save for a house deposit let alone buy classics.

Sorry yeah I know you can do auto only, I just misunderstood and thought there was some new license just for EVs. But obviously it would be the same one as they're all auto!

Yep there is that. I'm 39 and I only managed to buy my first house by 35. It's getting harder and harder.
 
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