Comments Off on Classic Car Market Conditions – Update
Following on from my post written in February 2015, I am pleased to report that the Classic Car Market has continued to show that your money is safe in this market!
As predicted inflation has continued to fall and interest rates have remained at an all time low. The consequence of these conditions is that people are still realising that a great way to invest their savings is to purchase a classic car , which can be enjoyed as well as earn them some money!
The MG sales have benefited from the above conditions in addition to several classic car television programmes, including the final edition of Top Gear which featured the MGB GT!
Comments Off on 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.
The anniversary of the introduction of the first MG B GT will be upon us in 2015, with prices to be increasing as demand for the ageless classic continues.
The fixed-roof MGB GT was introduced in October 1965. Production continued until 1980, though export to the US ceased in 1974. The MGB GT sported a ground-breaking greenhouse designed by Pininfarina and launched the sporty “hatchback” style. By combining the sloping rear window with the rear deck lid, the B GT offered the utility of a station wagon while retaining the style and shape of a coupe. This new configuration was a 2+2 design with a right-angled rear bench seat and far more luggage space than in the roadster. Relatively few components differed, although the MGB GT did receive different suspension springs and anti-roll bars and a different windscreen which was more easily [...]