Driving Up Values

MF903944

CONTRIBUTING WRITER: Ian Nott (RS Consulting)

It is some time since I penned an article for this publication but like the rest of us life at “RS Consulting” has continued through the pandemic with the usual issues posed by working from home while keeping abreast of the local and international vehicle market.

Despite life’s difficulties, the market for classic and collectable vehicles has been on an upward trajectory. Many people have been investing in enthusiast vehicles with the spare cash that was invariably used in the past for the overseas trips!
Will this continue once the borders open?

A lot of my customers have done the kitchen or deck renovation and are now putting their funds in to that Porsche 911 or E-Type that they had always promised themselves. Such a situation is good for both the seller, who invariably receives a higher than usual price for what he is divesting. Likewise, the buyer has access to a broader range of models than would perhaps normally be the case and indeed may well see better examples of the sought marque. People who currently own
a collectable vehicle might be surprised as to how much its
worth should they get an updated valuation.

This increase is values is not just limited to European cars. Yes, the usual, Mercedes, Ferraris and Porsches all figure and indeed always will do but English cars too are undergoing a renaissance. 1960s Jaguars, more recent Aston-Martins and even Jensens’ regularly appear at sales such as those conducted by Auckland auction house Webbs’.

Similarly so, Australian vehicles particularly those from the Holden HSV genre or Ford Falcon and the heady days of Dick Johnson, Allan Moffat and Jim Richards. Webb’s sold one of these 12 months ago for in excess of $400,000 with no shortage of keen purchasers both in the room and online. 

 

nissan skyline gtr r34 3 blue

 

Not that many years ago the concept of a Japanese vehicle being collectible was laughable, however, this is far from the situation today. Good examples of the Nissan Skyline regularly value and sell for $100,000+ with specialised permutations such as the “Nur” model (short for Nurburgring) going for circa $350,000. I know of one collector who has squirrelled away seven of these as his retirement fund.  Another limited edition run of only 46 cars are for sale in the UK currently for GBP 2,000,000

... not a misprint! 

So what does that leave for the average person wanting a classic or hobby vehicle? American vehicles to my mind still represent the best value in the collectible market. 

They can be obtained relatively cheaply (if you are ok with Left Hand Drive), parts don’t cost a heap and invariably deliver an outcome where the whole family can enjoy a weekend drive together.

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