COVID-PROOF CLASSICS

Despite hard times, classic car values continue to climb and new record prices continue to be set at auction.

If recent auction results are anything to go by, there’s no stopping the upward trend in prices for selected Aussie classics. It’s a relatively recent phenomenon, too, with a general increase in the past five to six years before last year’s big surge that’s continued into 2021. Since the onset of the COVID-19 pandemic, Grays has continued to see demand outstripping supply, demonstrated by huge numbers of visitors and bidders, along with record prices for a variety of classic Australian cars. On top of that, the general used car market has also spiked during the pandemic, with Moody’s Analytics finding that prices for second-hand vehicles have jumped by up to 35 per cent in the past year. This surge is being driven by the limited supply of new vehicles, fewer…

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Just Cars (Digital) - 1 Issue, #306 21-10

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