Good and interesting old cars are not the good investment they used to be. I don’t like this one bit, but somebody has to be blunt about it. The buyers have aged and the market is shrinking. The classic car industry is chasing “high net worth individuals” and focused on returning profits to their investors. Conditions and tastes have also changed. “Fun to drive” is now a quaint criteria when buying a car. But that is exactly what I enjoyed about sports cars when I got my license in 1964. After all, my first restoration (rescue) was an MG-TC! Frankly, I think it was inevitable after the pandemic, and I said so in my post about my last visit to Monterey Madness in 2019. But there is still hope.
Continue reading “Forget About Classic Cars as an Investment — Just Drive Them and Have Fun!”