We are in a funny old world at the moment where nobody knows what’s going to happen. The same thing is happening with cars with people seemingly holding back now on buying EVs and going for hybrids. While full EV will happen it seems as though some form of reality injection will take place to make the transition more effective. Policy trying to alter buying habits doesn’t always work.
What does this mean for used “specialist” ICE cars, including Zeds? I really don’t know. Part of me wants to think that excellent examples of sought after ICE sports cars will be able to kept and maintain some form of value. Part of me goes further to think they will appreciate as they become extinct and people desire them more. My third part of me thinks that the march towards EV and the changing demographic where driving pleasure is not an issue for Gen Z means they become worthless and irrelevant trinkets like a traction engine. And this is before we think about future fuel supply but this will continue for a long while I imagine.
Looking at a variety of cars over the last year in the collectors market in the six figure bracket shows that they just aren’t selling. Moreover the amount of car you can get for £80000 (say) is phenomenal - lots of Astons, McLs and Ferraris. And not really that old. The maintenance costs scare me stupid even if I did have that money to spend but it’s a lot for comparatively little.
In our instance the highest value car (ignoring G29s which are still too new) is the Z4MC. And even these aren’t selling or are they?
One thing though is a fact - cars in the U.K. are far cheaper than those in Europe.
What does this mean for used “specialist” ICE cars, including Zeds? I really don’t know. Part of me wants to think that excellent examples of sought after ICE sports cars will be able to kept and maintain some form of value. Part of me goes further to think they will appreciate as they become extinct and people desire them more. My third part of me thinks that the march towards EV and the changing demographic where driving pleasure is not an issue for Gen Z means they become worthless and irrelevant trinkets like a traction engine. And this is before we think about future fuel supply but this will continue for a long while I imagine.
Looking at a variety of cars over the last year in the collectors market in the six figure bracket shows that they just aren’t selling. Moreover the amount of car you can get for £80000 (say) is phenomenal - lots of Astons, McLs and Ferraris. And not really that old. The maintenance costs scare me stupid even if I did have that money to spend but it’s a lot for comparatively little.
In our instance the highest value car (ignoring G29s which are still too new) is the Z4MC. And even these aren’t selling or are they?
One thing though is a fact - cars in the U.K. are far cheaper than those in Europe.
Devon
At the summit of the picturesque fens
