Classic Car Market Conditions – 2015
During the past 5 years we have been converting MGs from RHD to LHD and selling to the European Market on a regular basis, which has contributed to the high demand for MGs. However, during the past 12 months the Euro has weakened by some 20%, making purchases from our friends over the Channel more expensive.
However, although overseas sales have slowed down, the UK market is strong and buoyant. It is likely that inflation will come down further this year, and interest rates may also reduce again, and in my opinion more people will look for good investments, and enter the classic car market. Classic car prices are likely to continue to rise whilst these market conditions prevail.
So I’m looking forward to a busy 2015 !