Supercars for Sale and Investment
First Brexit and then Coved, both caused a lot of uncertainty in the financial markets – including that of the supercar and classic car investment market.
As Supercarsandclassics.com reported at the time, that while Brexit and Covid did bring a chill to collectable car prices at the start of 2020.
But the market rebounded and super and classic car auction houses reported excellent sales for the final quarter of 2020, and those sales continued to grow in 2021.
HR Owen, a leading seller of luxury supercars including Aston Martin, Bentley, Bugatti, Ferrari, Lamborghini and Rolls-Royce, experienced a sharp rise in used-car purchases.
“We saw a significant increase in the sale of used cars in the region of not more than £150,000 [$205,000],” HR Owens’ chief executive Ken Choo told the Financial Times. "People said: 'I cannot travel to the Bahamas so I will buy a used Ferrari or Lambo instead'."
It comes after a bumper 2019 when supercar sales rose in the UK despite concerns about the economy and Brexit followed by Covid.
As we've stated before the market may chill for a quarter, or even two, due to economic events happening throughout the world, but the market will eventually rebound.
Super car investment is typically a long-term investment. The more time passes, the more most super cars will appreciate. Some super cars do not appreciate as much as others, of course.
Some cars that were unpopular when they were released will remain unpopular, it must be said.
Their production run may have been halted prematurely and so they will be rarer than other models – but rarity does not always command higher prices.
That’s why it’s necessary to talk to experts in the field of classic cars and super cars – to get their expert opinion and advice on what super car would make a good investment. When you’re considering the purchase of a Lamborghini, Porsche or Ferrari from a vendor who has offerings on Supercarsandclassics.com, for example, it’s necessary to talk to that vendor to obtain full details about the car in question – its history and all particulars.
It’s usually best to purchase your car through an authorised re-seller – and they do place their inventory on website such as supercarsandclassics.com – rather than dealing with an individual whom you don’t know. This particularly holds true if the supercar being offered is being offered at much lower than its book value.
Supercarandclassics.com has listings from individual owners as well as such well respected dealerships as Amari,Supercars , VVS and Cridfords Porsche
With growing interest on our website from emerging markets such as Russia, China and India potentially there are far more buyers after the same number of supercars for sale.
There is no doubt that the financial landscape has changed over the past few years with returns on more traditional forms of investment, be it property, shares or good old fashioned savings, having slumped - so investors are increasingly turning to classic cars, even the silver surfers are spending their pensions and savings on a Porsche, Ferrari or Lamborghini,
The Property and wealth report specialist Knight Frank say classic car prices have soared 395 per cent in 10 years, the FTSE 100, in comparison, rose around 94 per cent over that time.
Susan Spash, partner at accountants Blick Rothenberg, said: “Classic cars are free from capital gains tax because they are categorized both as ‘wasting assets’ and passenger vehicles savings can be huge. So returns can be very attractive too.
The way in which the consumer buys their new or used supercar has also changed dramatically since the early 80s, back then the consumer searched via PC or magazine.
Today over eighty-five per cent of people will now search on-line via a mobile device this new generation of internet buyers are clear what they are looking for when choosing a new or used supercar retailer on the internet.
The ‘right car at the best possible price’, ‘a good deal’, ‘and to do business with a ‘reliable and trustworthy' organization or individual
We also know from research most would-be buyers will search several websites before deciding on which cars to inquire about or view.
And while no one brand should dominate this vast worldwide market supercarsandclassics.com through its simplicity, ease of use and high profile, has quickly captured interest and awareness, fast making it a must visit site for all supercar-buyers .