Will Coronavirus Wreck The Classic Car Market?>not very concerning with the solstice which has already been discussed many times, but figured some of you might be interested in the article
"In August 2019, we suggested how it might be a good time to thin out the classic car collection. Now vintage automobile prices are moving lower, which could result in a sharp correction.
With an economic depression unfolding in the second quarter, the classic car market could see downward pressure. Understanding how deep a correction would be is anyone's guess at the moment, but what is evident is that a record number of Americans were just laid off and will need to sell assets to build cash. Some of those assets include, as this piece is centered around, classic cars, as well as art, wine, etc...
To show automobile prices, we are sourcing Hagerty Market Rating, which provides a variety of classic car indexes.
Hagerty's Muscle Car Index appears to have "recorded the largest drop" of any automobile index for the "second time in a row, falling 7 percent to a five-year low" in January, said Hagerty valuation editor Andrew Newton. "