Impact,Brexit,collector,car,wo car Impact of Brexit on collector car world doesn't look positiv
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The rest of us ignore their actions (or inactions) at our own peril.What was driving their caution might now be coming into focus for the less financially omniscient: Hiring is slowing down, auto sales appear to have peaked, the same to automotive accessories like car dvd player, gm navigation etc. And recession odds were being reassessed even before news of Britain’s black swan event, the British exit from the EU.It feels odd characterizing Brexit as a black swan event, the run-up to the election took place in full view and it was a typical Western-style, democratic election with no allegations of irregularities likely to surface. Yet even as close as the polls were, the expectation of it actually happening seemed in line with the odds of Austin, Morris, Rover and Wolseley setting up shop again in the Midlands. To the extent that money was being spent in the collector car world of late , it was mostly coming from the US and the UK. With the sharp drop in the pound and the FTSE 100 this morning, it seems clear that the markets were caught equally flat-footed. What this means for the global classic car market is uncertain. It’s difficult to imagine a scenario in which this will be particularly positive for sellers. In that case, vehicle industry will also be affected, car dvd, android car stereo markets would strives in the straits. We’re in a portion of the auction calendar that lacks large or particularly high-end sales. It’s the run-up to the frenzy at Pebble Beach. The auctions that are happening in the immediate future are smaller and skew toward less-expensive cars and android car GPS. Auctions America has what appears to be a strong docket for its sale in Santa Monica this weekend, Barrett-Jackson’s first Northeast sale is ongoing, and in the UK, Bonhams and Barons have sales this weekend. No firm conclusions will likely be drawn from these sales. That will have to wait for Monterey in mid-August, when much of the collector car world gathers in one spot for car dvd. It’s likely to be the most interesting Monterey in the last half decade or perhaps more.
Impact,Brexit,collector,car,wo