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IPFS News Link • Transportation

Now Could Be The Time To Sell Your Classic Car Before The Downturn

•, Tyler Durden

Hagerty Price Guide, the premier collector car value guide, shows that in the last four years, 1960s American cars, blue-chip cars, British cars, Ferraris, German collectibles, and Muscle cars have seen their prices stagnate at record highs.

Prices have been flat, depressed, and unlikely to go higher ahead of the next recession. A possible correction in the classic car market could unfold into the early 2020s.

However, affordable classic cars, around the $20,000 price range, bucked the trend with prices moving higher.

The overall vintage car market is beginning to show signs of fatigue. Results from the Monterey Car Week earlier this month, an important bellwether for the state of the classic car market, had one of its worst auctions in 8 years.