Quote:
Originally Posted by Smoke Pursuit
If you have a look at collectable / specialized cars thee numbers have fallen dramatically which has pushed the prices up. I'm not sure why people are not selling their collectable cars at present? Anything with a Holden badge is sky high at the moment!
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Too risky...
Splashing cash around at the moment is crazy unless you’re swimming in it.
With some form of COVID restrictions forecasted well into 2021 and revised economic forecast for most of the country that looks like $7!T I’m not sure that investing in collectable cars is the wisest choice.
People can advertise high prices but I wonder how many will Legit exchange hands at the price advertised.
In Victoria at least there is word that some manufacturers are diverting their fleets to other states as Vic has slowed down completely. Most people hanging onto their cars now and not upgrading as cash flow slows down completely.