Quality Driving the Market
“While used cars pile up in lots, the classics are busy changing hands”
Demand for the highest quality classics is surprisingly strong as reported by Bloomberg's Hannah Elliot, renowned automotive journalist.
These past few weeks have been exceptional at Hemmels as we welcomed many new clients into the fold.
Bloomberg writes that as auction houses scramble to sell the less-than-desirable cars, the finest classics continue to be in demand. They cite 'you-only-live-once' as a catalyst for the increased sales amongst private collectors and boutique restoration specialists.
We'd have to agree.
Hemmels clients and admirers are attracted to the very best craftsmanship available. You are kindred spirits who value quality above all else.
With an opportunity to pause and re-assess priorities, many of our newest clients have simply decided that now is the time to commission their dream classic - beginning a journey that has been on the 'one day' shelf for far too long.
However, it is not just passion for an unfulfilled ambition that has fuelled interest.
The price of Hemmels classics has risen steadily year-on-year with completed examples commanding premium values. The ability to enjoy an investment which is highly liquid, and in many countries incurs no capitol gains tax, is a bonus.
Yet our ethos at Hemmels remains unaffected by market shifts. We'll continue to pour every working hour into achieving superb craftsmanship and creating exceptional classics, exactly as our clients have envisioned.