Crystal ball time.
With more and more towns and cities proposing restrictions on use of older cars (petrol and diesel), who else thinks that the balloon in classic car values may be about to burst? I understand that some owners see these cars as the works of art, and some of them are. But when plain Mk 1 Escorts are going for many thousands of pounds. I mean, really?
If I had classic cars that owed me money, I would be off-loading whilst I could. My 2CV will be affected by the London ULEZ, but it owes me very little and I never drive it in London. I do however see many Merc Pagoda SLs around Notting Hill - and they won't be allowed in Sadiq's brave new world.
Plus of course, the knock-on affect on classic car dealers/repairers currently in London/other towns/cities. Do they have a future?
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I’ve no idea on future values, but a close neighbour of mine regularly drives around in a pale blue Hillman Imp. Another acquaintance has recently bought an old Spitfire. Surprisingly it lived in France for many years, and it’s RHD.
Maybe I’m more aware of my own mortality these days, but the lack of safety features on a Classic would make me run a mile
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Fair question actually. I know quite a few people with classics. Mostly weekend toys, but one old guy I know in Edinburgh still uses a DB6 he bought in the '60s as his daily driver and another has an MGBGT in regular use.
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London to Brighton run this Sunday. Can you see them banning those vehicles?
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I don't think it'll have much of an impact, plenty of places to use them where they aren't likely to be banned.
Some classic car prices may well fall but it'd bet it's mainly down to fashion of a particular era/car. Usually as one generation gets their hands on the inheritance the cars from their youth rise in price and conversely the cars from the generation before fall.
I reckon there's still plenty of money around the classic car scene, I wouldn't worry too much.
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Old Classic cars are not generally found in large towns or cities for a myriad of practical reasons, so no I dont think it will have an effect.
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It would spell the end of “Antiques Road Trip†for sure.
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That can't be allowed to happen. Just not right. I'm going to start a petition...
;-)
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I read an article about an electric conversion on the old Mini, looked like a reasonable idea, range was ok and may be an idea for the future for some who want to work with the prevailing winds.
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>> I read an article about an electric conversion on the old Mini, looked like a
>> reasonable idea, range was ok and may be an idea for the future for some
>> who want to work with the prevailing winds.
>>
I quite like that idea. I watched a demonstration of a Series II Landrover that the owner had converted to electric power. He had been careful to do nothing that compromised the originality of the vehicle, merely bolting the motor to an adapted bellhousing that attached to the existing gearbox. There was plenty of space under the bonnet for the battery because the electric motor was so small. It could all have been undone if required and converted back to original.
It had all the characteristics of the original vehicle, plus incredible acceleration if he chose to use it. Retention of the gearbox seemed a good idea. For normal use he left it in top gear, but a lower ratio was available for towing etc if required. Retaining the gearbox simplified the conversion.
Obviously it was pretty expensive because it had to be custom-made, but there might be a new market emerging for DIY or semi-DIY conversion kits. At the moment I think only E-type kits are available off the shelf, but that could change.
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Someone’s done the same to a Jaguar E Type as well I think haven’t they?
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Future Classic Car Values? - legacylad
