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?
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?