The classic car market saw a spike in activity in 2021, and it looks like this will continue long into 2022. Specialists and auctioneers have been reporting rising prices and exceptionally healthy sales, and it’s one of the very few sectors that have thrived throughout the pandemic. So, why is this?
One theory is that classic car fans have more disposable income at the moment. Many people actually made money through the pandemic, and with the lack of restaurants, amenities and holidays available through lockdowns they found themselves with more spare cash to splurge on their passions and hobbies.
Many people also found themselves with a lot of extra time on their hands. This meant they had more time to shop around and browse classic car dealership websites in search of their dream AC Cobra, Ferrari or Porsche – and more time to visit them to test-drive the vehicles and decide on the perfect one for them.
Another theory is that people have started to feel that indulging their passions in life simply mustn’t wait anymore. Pre-pandemic, people were more careful about splashing out on a treat for themselves or their family, but more and more people are feeling like it’s the perfect time to reward themselves with a gift after a very difficult and stressful 18 months or so.
There has been a spike in demand for classic cars in London and Surrey as people who have worked hard in the city for years have found themselves with more spare time, more cash and an urge to enjoy themselves. So, if you see a few more sparkling AC Cobras on the roads these days, you have the pandemic to thank for that, it would seem!
Specialists have had more time, too, and have been inspired to boost their online marketing and sales to future proof themselves against further lockdowns. During the downtime when showrooms were not allowed to open and staff were furloughed, owners spent their time sprucing up their websites, building more of a presence on social media and tightening up their in-house operations to ensure the most efficient customer service and effective processes and systems.
As more and more people buy into the classic car market, the demand in increase has meant that the most popular classic cars are now harder to find. This of course naturally pushes the price of these rare and vintage finds up, leading to an incredibly buoyant market.
If you’ve always wanted your very own stylish AC Cobra, now is a very good time to treat yourself. They may be a rarity right now, but London and Surrey Dealership Redline Engineering UK has an impressive choice, and we’re here to help match you with your perfect head-turner.
Browse our range of classics cars online, and if there is something in particular that you’re looking for let us know and we’ll do our best to help.