Classics the investment model.

[Peter Mallett]

http://www.telegraph.co.uk/motoring/...recession.html

To anyone with a MGB or Cortina 1600E or even an Allegro, this must be good news. Hooray!

Except I wouldn't mind betting this is all about investment brokers and they'll only be looking at the top of the range Ferraris, Jags, Astons etc.

However now is the time to get out the classic and start using it as it was intended, because you can bet that any bought under the auspices of the above will be off the road and locked away.

[terence]

Just a little different to what some were predicting would happen then!This current situation is nothing like what happened in the mid 80s.One things for sure,its still not possible to buy a decent B at a very low price,most owners of classics are hanging on to them rather than filling the market with unwanted cars.

[johnh875]

Could it be that the auction activity is being driven by toys being sold off? Values of cars have definitely softened recently, particularly in cars that were booming where it became obvious that things couldn't be sustained, eg muscle cars. A classic as a daily driver is an interesting proposition, I'm not sure it is that practical. Eg how many companies would let you substitute a fleet car for a 30yo one? Not to mention if you do significant mileage the running costs, lack of air con (here anyway) and refinement, etc would make it a lot less attractive.