Demand for Antique Cars Expected to Improve as Economy Recovers
When the economy tanked in 2008, antique car dealers saw sales drop an average of 17.4 percent. When you consider that antique car sales average around $7.6 billion in the U.S. each year, a 17 percent drop is quite a bit of money. However, antique car dealers are beginning to see some improvement after a rough stretch, as buyers are starting to invest in antiques, classified as vehicles at least 45 years old.
“Fortunately, the industry has since recovered on the back of rising per capita disposable income and a general economic recovery,” says industry analyst Kevin Boyland. “Because classic cars are a discretionary purchase, demand for the industry is highly dependent on per capita disposable income levels.”
Antique car prices range from average used-car prices (i.e. $5,000 to $15,000) to astonishing seven-figure amounts for exceptional models, like a rare Duesenberg Model J long-wheelbase coupe, which sold for a whopping $10.3 million in 2011 at a classic car dealership here in California. Regular readers will remember that we blogged about this beauty and its incredible selling price last fall.
If you love antique cars as much as we do but lack the means and garage space to properly care for such an investment, we have very good news! You can rent one of our lovely San Francisco antique car rentals for a day or a weekend and enjoy all the perks of driving a timeless classic without the expense. Our antique cars are lovingly restored and showroom clean, with as much original equipment as possible. They are perfect for many different special occasions such as these:
- Sightseeing tours
- Wine tours
- Drives along the coast
- Family reunions
- Other special events!
A Bay Area antique car rental also makes a great gift idea for the people in your life that have everything! So, if you love antique cars and have always wanted to drive one, call us at NLS Limo today at 1-800-339-8936 to reserve one or more of our beloved antiques. They are quite affordable, and, as the saying goes, “they just don’t build ‘em like they used to.”