NY Daily News Reports Classic Car Market At All-Time High

by Andrea L. Algar
Motorheads Performance

We're asked constantly about the values of classic cars, and whether the current trend in popularity will be on-going or whether we're in for a bubble-burst. As much as I'd love to provide a definitive answer, there is really no way to accurately predict. The previous gas war we were in in the 1970's proved fatal to a thriving muscle car era.

Even following the downturn following the 1970's highs, there were always the true enthusiasts who not only kept their enthusiasm in tact, but helped to keep the cars themselves from extinction. I think that this will always be the case. And, if we are faced with another downturn in collector attention, it should drive up the prices when they once again surface because there would be fewer survivors. As we all know, rarity does drive up the values of collector cars.

That said, the news in the collector world is still good. It is being reported in the New York Daily News that, "The demand for classic cars is at an all-time high. If viewed as a class of commodity, they would seem like the only sure bet for investors."

We'll continue to monitor demand and valuations of classic cars, but for us, it's more than the monetary value. Guy Algar states, "I have always believed that the fun of owning a classic car or truck is NOT in the financial gain you might get from owning one. It is in the joy that owning and driving one brings, even if the costs outweigh the value. It has the ability to take us back to our youth when life was delightfully simpler, and cars were something that you actually enjoyed!" As one person commented online, "treating old cars as an investment would suck the fun out of owning them." We agree!

RESOURCES FOR CLASSIC CAR INVESTMENT:
Classic Car News - Buying Classic Cars As Investments - What Are Your Chances of Making Money? 
Classic Car News - Don't Let The Thrill Of Driving Die - Traditional Ritual In Danger
Classic Car News - Future of Cars May Be Incredible, But Will They Be As Fun To Drive?
NYDailyNews.com - Demand for Classic Cars Reaches New Heights

ABOUT THE AUTHOR:
Andrea L. Algar is co-owner of a classic car performance and restoration design shop in Leesville, Texas. Motorheads Performance specializes in repairs, maintenance, performance upgrades and restorative work on cars and trucks from the 1920’s through 1970’s. Her husband Guy L. Algar is a Mechanical Engineer with over 25 years experience. He holds 5 ASE Certifications from the National Institute for Automotive Service Excellence and has been working on old cars and trucks for over 37 years. Together they share their passion for old cars and trucks with other enthusiasts from around the country.