“Now’s the time to enjoy your Porsche”
Aug 18, 2020
4 minutes
There was buzz at the Pebble Beach Auctions in 2019 that the classic car market might respond well to the economic downturn. It did. Then there was further buzz at the Paris Auctions in 2020 that the market might bounce back after Brexit. It did. Then COVID-19 arrived and there were no longer any auctions at which to buzz, but the question remained the same: how would the market respond?
Hagerty has published an excellent formula for understanding the market based on five key indicators and their ties to the car market: the stock market, the price of oil, residential real
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