Collector Car Values Turn South
Just the opposite of what we expected to find, our latest report on collector car values shows real prices declining on collector cars in the last three months. Each fiscal quarter Cars On Line.com checks the sales figures on No. 2 condition classic and collectible cars and charts them for our readers. After a great beginning to the year in January when the Barrett-Jackson Auction in Scottsdale saw prices up about 10 percent over 2013 values, we seem to have lost all that momentum during the long winter. According to our latest Collector Car Market Trends Report(click to view the entire report) we have retraced back to about 2013 value levels once again in the last three months. Although prices on high end cars such as classic ’50s Ferraris and 1930’s classic motorcars, i.e. Duesenbergs, Packards and Rolls-Royce motorcars, continue to climb, the more “blue collar” collectible cars are not enjoying the same price escalation. Exceptions that Cars On Line.com noted are the classic ’50s Desotos. Check out the increase in value on 1957 Desoto Adventurer Convertibles as noted in our value chart of the Collector Car Market Trends Report.
It’s still too early to judge what will happen during the summer car show season though. It wasn’t until August of last year that we began to see collector car values increase. That may happen again this year after an endless long winter that has sapped some of the early spring energy from the classic car market.