Is The Collector and Exotic Car Market in a Bubble Right Now?
Yes, the luxury goods market is. The economy recovered quickly, people are spending, and this is a cycle that is normal.
Over time financial markets do well, car values go up as demand goes up, and certain cars now have increased due to rarity like the Mercedes SLS AMG up 20% since last September and the Ford GT up 12% in last 90 days.
The luxury market is inflated and with the upcoming recession, luxury goods will go down a bit, but it doesn’t mean rare models will drop that hard.
Only generic models will drop hard; specialty models like the Mercedes SL65 Black Series will hold better due to their following being cautious in down markets, but also seizing the opportunity to buy in a down market.