WFH Forever? You Can Afford The Classic You Always Wanted

Interesting research here for classic car insurance brokers. The market is shifting up a gear as classic fans realise that they don’t need a daily driver anymore. Plus they saved a bundle of cash on two family holidays in the last 15 months. So, they can sell the BMW diesel, work from home and invest in that classic sports model they always dreamed of owning.

Data from Europe’s leading website for classic car sales, Car & Classic, highlights a significant shift in the volume and type of cars enthusiasts are searching for after a year of restrictions and lockdowns. Popular classics such as MGB GT, Volkswagen Beetle and Ford Cortina, (the latter falling from second to ninth when comparing Q1 2020 and Q1 2021), have slipped down the rankings, with ‘dream’ sports cars moving up.

The Porsche 911 is now the most searched for vehicle on Car & Classic, followed by the Jaguar E-Type. The 911 replaces the Ford Capri on the site that has seen a 39 percent rise in vehicle searches of its top 200 cars, with buyers feeling now is the time to search for the dream car they always wanted.

The data comparing Q1 2020 and Q1 2021 highlights other substantial movements that reflect trends in the wider European classic car market. Young timers or modern classics have risen in popularity with the 1980s E30 BMW 3 Series now the third most searched for car on the site. Japanese classics have also experienced a surge in interest. Enthusiasts have also warmed to 80s hot hatches with a 25 percent rise in the number of searches for an XR2 and 44 percent for the Ford Escort XR3i. Japanese marques are also increasing in favour, with the Toyota Supra, Mazda RX-7 and Toyota MR2 now featuring in the top 16 with the Nissan Skyline moving up 131 places to 27th place.

“So many of us spend time ‘car and classicing’- searching through the 40-odd thousand cars we list for sale either in our classifieds or auction,” says Chris Pollitt, head of editorial at Car & Classic.

Now is the time to invest in classic cars, safer than Bitcoin some might say.

“The searches highlight how the pandemic is driving and accelerating change in the classic car field. For some, it has meant more time to start a new project, for others, money saved not going on holiday could mean now buying the dream car they always wanted to own. The data also underlines that the classic car world is always changing.

Whether that’s a new wave of cars such as 80s and 90s modern classics that are increasingly in vogue or a new generation of enthusiasts coming through with more time looking for some nostalgia. Or even pre-war or early post war cars becoming more affordable as fashions change. It’s truly fascinating to see what people are looking for. I still can’t quite believe there were 10,000 searches for Reliant Robin!”

 

About alastair walker 6830 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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