US classic cars are down in value
There is a common misconception to classic cars these days. Many international buyers believe that values on classic cars have gone up so significantly in the last few years, that it has become too expensive to import cars from the United States. We frequently get stories on the booming classic car values, and record breaking sales. To someone unfamiliar with the market, it's as though there are no affordable classic cars left to be purchased. But that is plain wrong, and here's why.
The majority of articles reporting record breaking values only take note of the most rare and record-breaking cars. Whenever you see reports from the Historical Auto Group claiming that classic car values have increased by 469%, remember they only take into account the most prestigious level of classics such as rare Porsches, and Ferraris built during Enzo's reign.
Data from Hagerty.com
They tend to ignore more of the entry-level classic cars like the Mustangs, Camaros, and other American classics. Even certain Porsches are falling in price.
These are all classics which are incredibly popular with overseas buyers in Europe, Australia, and New Zealand. Overseas demand for US classic cars continues to grow each year. We are now shipping over 5,000 classics each year to buyers around the world, more than we have ever shipped before.
While it's true that some of the most famous and rare classic cars continue to break sales records and fetch staggering prices, there are still plenty of classic cars available in the United States at reasonable prices. In fact, there are many classic cars that are not only affordable, but also in excellent condition and ready to be shipped to their new owners overseas. From vintage Mustangs to classic Camaros, there are plenty of classic American cars that are popular with international buyers and still within reach for collectors and enthusiasts alike. So if you're in the market for a classic car, don't be discouraged by reports of skyrocketing prices - there are still plenty of hidden gems waiting to be discovered.