LA BOLLA DELLE AUTO
I have driven classic cars and I love them but I don't think buying one can be considered an investment. I think of it as an object of passion to be used as much as possible for pure fun or better yet to race on track just like in Goodwood where some fearful owners of Ferrari, Jaguar and Aston Martin engage in real races risking to destroy their million dollar cars. After all, those cars were designed with that racing spirit and that's the right way to use them . In the last 15/20 years we have witnessed a real boom in the world of classic cars. Demand for these vehicles doesn't seem to slow down even though the financial crises, the pandemic and recent events have partially corrected this trend. This year the market has awakened and prices are starting to skyrocket again, burning new price records.
One of the main reasons that lead to a high demand for historic cars is the lack of interesting models of modern cars. Let's face it clearly; today's cars are pitiful, totally lacking in personality, have hideous lines and are built from cheap plastic pieces. Even the most famous exotic sportcars are unable to convey any emotion to those who buy them and those who drive them. They are so full of electronics that despite offering absurd level of power, some are near to 800/1000 bhp, an 8 years old boy culd easily drive them. Moreover we are forced to witness this depressing transition toward EV. This bleak picture leads the more mature generations, which are also those with greater spending capacity, to turn their interest back to old days when cars represented a dream made of speed, noise or elegance.
Those who are interested in classic cars have long wondered if we are living a speculative bubble that sooner or later will burst, leaving many buyers with a bad taste in their mouths. Those who buy specialized magazines will read the opinions of various experts that keep denying that there is a bubble and that the actual prices reflect a correct market trend. We can say that the classic car market has more similarities with the stock exchange where you pay a price many times higher than the real value of the share if that share is considered attractive by investors but above all by speculators. It is precisely the latter who in recent years have actually invaded the market smelling the possibility of easy earnings, pushing prices to unthinkable levels. In reality, what they want to sell you is not a car but an entrance ticket to an exclusive club made up of concours attended by the international jet set. Now that the market is saturated they are also turning their interest to motorcycles that until now were mostly bought or traded by amateurs and true enthusiasts.
It all depends on your passion and your spending power. The preservation of historic vehicles is important and we should thank car collectors for the effort they put into recovering, restoring and preserving these wonderful cars. If you approach this world, buy what excites you and what you think you can use often. Do not buy if you plan to invest for a short-term return because you will be disappointed. Maintaining an historic car costs a lot of money, spare parts and servicing are very expensive, sometimes unsustainable if you are not very wealthy. However, one thing is certain: A classic car will always give you a great satisfaction together with many problems, it will often leave you stranded and you will be forced to learn some notions of mechanics if you want to start it again, but this is part of the game. Driving a classic car is one of the most rewardig experiences you will ever live. These vehicles are still capable to make us live the dream.