Classic Car Exports to the Middle East
At West Coast Shipping, we believe that keeping international car traders up to date on trends is another way in which we can help grow their business. With our access to US international car shipping data, we are able to analyze and inform dealers of upcoming changes in the global automotive market.
Which is why we are happy to report that we are seeing an increasing trend of classic cars being shipped to the Middle East.
Why is there increasing demand for classic cars in the Middle East?
The astronomical growth in classic car values continues to attract everyone from car enthusiasts to investors and collectors. According to the Knight Frank Luxury Investment Index, classic car values have increased by 16 percent in 2014, and by a whopping 487 percent during the decade.
People are also growing fond of classic cars through motorsports in the region. Since the introduction of the first Middle Eastern Grand Prix in 2004, many have aspire to own a part of automotive history.
What are the top Middle Eastern markets for classic cars in 2015?
- Saudi Arabia
- United Arab Emirates
Next week, we will look into the specific laws and regulations for importing cars into each of these countries.
Where to purchase classic cars in the US for export?
We have prepared a resource guide for overseas buyers who need help finding classic cars in the US. Download it for free below.