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The Automotive Chronicles

Monthly newsletter published by McLellan's Automotive History. Dedicated to literature collectors, restorers, museums, publishers, manufacturers and investors who collect and preserve automotive literature
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August 2008 Issue
 
ARTICLE
 
Collectibles vs. Recession
By Robert McLellan
 

It happens every time we have a recession. The stock market and housing prices go down. As people get out of those markets they need to put their money into something safe — gold, art, coins, collector cars and, yes, old car literature. When that happens the prices of those commodities go up.

For some reason most collectors are surprised that the economy works this way. Throughout the 1990s, after the late 1989-91 recession, the stock market and real estate went up. After 2000, and until recently, money has shifted back and forth between the stock market and real estate in an unstable situation. So has the old car market. More recently, recession and inflation have become concerns. With gasoline prices increasing and economy cars becoming popular, we are likely to see a return of the 1970s and 1980s when collectibles like antique and classic cars flourished. Remember when you thought yesterday's prices were cheap? That scenario appears to be back and today is yesterday. Will you own high priced collectibles that look cheap now?

 
 
"Well known car collector, Phil Kuhn, not only agrees with us, he told "AutoWeek" magazine just that in an article titled "REVS: Trading UP". Click here to read the article.
 
 
 
The Automotive Chronicles, August 2008
 
 
 
 
 
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