Classic Cars

Classic Cars is a niche of the car industry that is pursued with passion by a small section of the car buying public. The age of the car and the uniqueness of the vehicle are the two main things that identify a car as being a classic. Generally they are at least 20 years old but often over 50 years old and for different reasons they are unique and in short supply usually due to a limited number being made in the first place and a scarcity of these cars available in excellent condition today.

Classic Cars are generally not sold through used auto dealers but they are bought and sold in specialist car auctions. They are also traded privately.

There are a number of car clubs that revolve around classic and muscle cars and often the cars are traded between these members.

Magazines and websites also specialize in Classic Cars and each year there are a number of state wide and national classic car shows open to the public. These may be general classic car shows open to all categories or shows restricted to certain categories of  cars such as American muscle cars or European classic cars.

Enthusiasts buy old cars in disrepair and attempt to restore them to original condition and this has inspired the growth of a whole industry revolving around Classic Car parts. Specialist auto body repairers, mechanics and other auto industry trades people make a good living restoring Classic Cars. Some auto insurance companies specialize in insuring these cars and there are auto transport companies that specialize in transporting these cars.

One thing you should have if intending to venture into this market is knowledge as the buying and selling of these cars is largely unregulated. The other thing you need to have is money..and lots of it. The older the car, the better condition it is in and the uniqueness of the vehicle will all raise its resale value. These cars regularly change hands for sums in excess of $100 000 and in a few cases up to $1 million.