With the future of the internal combustion engine under threat, the global market for classics will be tested like never before in the California sales

IMG_9551.JPG
Richard Hudson-Evans

Richard Hudson-Evans

By end of play Sunday 20 August, 1300 mainly high value collector automobiles will have crossed six different auction house blocks in less than a week on the Monterey Peninsula in California and stakeholders on both sides of the Atlantic will be digesting the biggest reality check of the classic car year. But if combined total sales at Bonhams, Gooding, Museum, RM Sotheby’s, Russo & Steele and Worldwide don’t exceed $300m at least, then consumer confidence will have been dented even in the largest market of all, where insurers Hagerty have logged a fall in the number of classics sold in recent North American auctions.

For although the Paris Climate Change Treaty compliance requirements have been officially rejected by the Trump Administration and fossil fuelled internal combustion engines should therefore be able to carry on exhausting without international interference in the US, many of the latest stats indicate that the rest of the motoring world may be greening rapidly.

For the fourth consecutive month, new car registrations in the UK have fallen, by 9.3% in July alone, with an apocalyptic fall of 23.8% in business demand for new vehicles. Whereas, despite only accounting for 5.5% of the market, the demand for low-emission, alternatively fuelled vehicles surged by 64.9% last month. Strangely, only the specialist sports cars sector has enjoyed growth of 10.3% it seems, while new diesel car registrations declined by a record 20.1%.

By the end of July, five of the six Historic Automobile Group International indices that monitor pre-war to millennium collector car transactions were in negative territory year to date, led by the HAGI F with a 4.12% decline in achieved prices for Ferraris. Whereas although the HAGI P Porsche index has fallen by 2.64% this year so far, Porsche transacted prices actually rose by 4.39% last month and the HAGI MBCI charts a 6.05% hike in Mercedes prices in July.

The most recent 96% success rate at the SWVA Drive-Through in Dorset and the £5.5m spent on cars and automobilia in the Silverstone Auctions sales at the Silverstone Classic also indicate continued consumer confidence in the sector at all price levels.  For even though much of the motor industry will cave in to the pressure group influenced politicians by offering hybrids first followed by switching production to all-electric cars recharged by Chinese nuclear power stations, one of the facts of life on planet earth as we know it is that it is the internal combustion engine that will help power the majority of motor cars worldwide, and that includes nearly all our classics, and will continue to do so for the foreseeable future.

 

IMG_0633.JPG

Recently Added

Porschegt36 x3Sponsored Ad
2007
£75,000
  • 40,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 N/A
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1088356
2007 Porsche 911 GT3 997 Chassis no: WP0ZZZ99Z8S790273 Registration: FD57 ZXO Vintage & Prestige ...
20
01375 379719
View details
Tn 20171119 141926Sponsored Ad
2000
£1,200
3.0 SE
  • 126,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: DIY1101176
In beautiful condition. Strong brakes & g/box. 11 months MoT. Huge history file. Full cream leath...
14
07968283329
View details
44Sponsored Ad
1999
£5,000
  • 75,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: DIY1101178
Well looked after. Fully running. Full service history. Please call for more information.
4
07843231922
View details
Img 2528Sponsored Ad
2013
£132,995
  • 17,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1101245
IN SOON.. 0nly 17k miles. blue with seashell. nice spec. roof , rear screens. silver bonnet.. 21"...
1
01628 436 801
View details
1Sponsored Ad
1991
£8,495
Elan M100
  • 68,917
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1101244
FOR SALE: One of 180 naturally aspirated M100 Elans, one family owner, 68k miles. /// We are alw...
12
01420 408 121
View details
20170623 161013Sponsored Ad
2002
£5,250
525i 2.5 SE
  • 93,000
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Automatic
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: DIY1101179
Multi-function steering wheel. Metallic blue/green, full two-tone leather, service history, 4 mon...
2
07547512609
View details
Img 1723Sponsored Ad
£11,000
  • 19,031
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: DIY1101193
Classic black mini. In superb condition. Extras include walnut dashboard and S/S exhaust. One lad...
7
01637 830956
View details
Img 4041Sponsored Ad
1998
£35,995
sports
  • 7,490
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 RHD
  • Refcode: TA1044519
Ultima Sports 5700cc ZZ4 HO V8
40
01992 827 157
View details
See All Classic Cars for Sale