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Cars, jets and yachts

Gulf between seller and buyer expectations caused drop in sales of UK classic cars: report

December 18, 2023

Of the cars that rose in value, two decades stood out: the 1980s and 2010s. Image: Hagerty, copyright Matt Howell Of the cars that rose in value, two decades stood out: the 1980s and 2010s. Image: Hagerty, copyright Matt Howell

 

By Luxury Marketer Intelligence

Throughout 2023, British insurer Hagerty has tracked a correcting market where sellers’ expectations were not, in many cases, being met by potential buyers’ willingness to part with cash that had become more expensive to borrow.

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  1. Luxury brands neglecting cultural venues where more UHNWIs are spending time: report
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  4. 1 week left! Claim your spot at Luxury Roundtable's Sept. 25 summit
  5. Future of refrigeration in the luxury home – and what consumers are telling brands
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