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Ceturtdiena 24.08.2017 | Name days: Boļeslavs, Bērtulis

Popularity of vintage cars as investment options is increasing

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUClassic retro vehicles are gradually becoming a very attractive investment option for companies and individuals alike. This, on the other hand, increases the prices of vintage vehicles, as BNN was told by the owner of Riga Master Workshop (RMW) Maris Bebris.

According to the TOP 25 most profitable vintage cars index compiled by Hagerty, this year’s increase in demand has increased prices by 16%.

“It seems that buyers are prepared to continue investing money. The summer auctions season will start soon. Everything suggests that this trend will continue at least for the time being”, – Bebris said.

In 2008, when RMW finished restoring a Mercedes Benz 190SL, its worth, according to Hagerty data, was $ 77 300. Last year, however, it reached $ 88 000. Its price reached $ 143 000 April this year.

Bebris says that vintage vehicles are now more often bought by investment agencies. They believe them to be a valuable asset to their investment portfolios. A number of vintage cars have already ended up in the collections of multiple legal persons. “It is rather logical – the value of these cars only increases over time, and they are valued around the world”, – RMW owner explains.

According to him, private investors are also largely interested in investing in vintage cars.

Some specialists believe vintage cars are very attractive investment options. Their main advantage is that not only does their value remain constant, it can also increase. Experts believe investments in vintage cars creates a sufficiently large added value. An increase in this particular industry is more logical than any other one: vintage car transactions are based on well well-thought-out decisions, not emotional impulses. The attractiveness of vintage cars lies in the fact that the buyer receives an “actual object”, something that can be touched.

According to Hagerty Price Guide’s Index of German Cars, which includes 21 most demanded cars made in Germany in the ’50s – ’70s, the popularity of vehicles such as BMW, Mercedes Benz and Porsche has increased 17% in the last four months of 2013. It is one of the most rapid increases noted by Hagerty’s indexes.

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