Classic cars have been on the rise in recent weeks and to an extent months, quite curious what started it, but I have had a few calls in the last few weeks from people looking for collectors cars such as early 911's and 356's who have been told by advisors that their best return at the moment would be investing in cars. So not sure if some independent financial advisor mag has had articles that has got people excited.
944's (turbos and S2's in particular) have risen by between 50% and 100% in value over the last few months, and just look at 964 prices, previously half the value of a 933 now they are worth as much as a 993. 911SC's have almost tripled in value from £6k to £8k a few years ago to being a £15k to £20k car now.
Also there is the australia effect... OZ has not really had a recession like the rest of the word, the OZDollar is strong and they let people import cars litterally tax free if they are over a set age, which means they are buying up right hand drive Porsche over here which are worth 3 to 5 times the value over there!!
Odd that the 993 values have not been shooting up, nor really has 968 values, it seems the target is somewhere pre 1992 cars
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Jon Mitchell Independent Porsche Specialists Technical Advisors to TIPEC http://www.jmgporsche.co.uk https://twitter.com/JMG_PORSCHE http://www.facebook.com/jmgporsche
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