Unsold Cosworths and Unwanted Healeys? What's going on with Classic Car Values?

[@binits777]

Just found out I was unsubscribed 😡 when I checked has Geoff not posted anything recently?Why does YT do this? Had to resubscribe and make sure bell notification was on. Worth you mentioning this in your next video as I’m sure I’m not the only one this has happened to. Keep up the great work.

[@G-ra-ha-m]

They do it to punish us.

[@stuartd9741]

Apparently, the YT unsubscribe thing may be because if Geoff's laptop has an update it can change some settings to default.. .. So any changes pre update Geoff may make could be reversed after an update..

[@stivowen5710]

Me too!! Just re subscribed, makes me wonder what’s going on…

[@G-ra-ha-m]

@@stivowen5710 He mentioned the trails in the sky. We're not supposed to notice them, as they slowly take us all out...

[@gss6531]

I've clicked unsubscribe accidentally just hovering the mouse over the screen. Easily done.

[@Jules-kv2sf]

I think people are scared about being priced off the road, new rules, new legislation, insurance rip offs or no insurance cover, maybe new road tax charges, lack of spares, lack of knowledgeable and trustworthy service and repair people/places, people are also worried about being even more skint went 2tier kier and the stazi come after everyone's savings, inheritance, 2nd homes additional assets etc etc, the car market in general is in absolute turmoil car prices are all over the place with dome cars seemingly ridiculously cheap while others are positively stratospheric

[@G-ra-ha-m]

Since 2021 many of the classic car lovers have had health issues too, and money for hobbies is scarce now.

[@robc1014]

Just a step closer to the poor owning nothing and being told to be happy about it.

[@999hireactionvehicles9]

I know the Escort cosworth owner we spoke a week before the sale I think that's way off in this climate 45k is more realistic and there's a real shake up in the auctions and after speaking to them to take some of mine they want everything with no reserve because they want to sell cars Letchworth has already gone under recently they are all shitting themselves they won't cover their costs of selling stuff

[@zm321]

Exactly what I've been saying.

[@rocketmunkey1]

Its only going to happen if you think they can do whatever they want and allow them to !

[@dougsaunders8109]

Simple people are worried they are going to get charged for driving these vehicles anywhere. How long before classics are labeled spawn of satin and clobbered with extra charges in every town / city in the country

[@BobCarolgees-p8f]

Any combustion engine cars at all really..

[@MidnightGreen4649]

They already kind of are. "Normies" think that they are unsafe, unreliable, and not very good looking. That being said, these are reserved for 1990s and 2000s classic cars. Anything pre-digital is seen as a rolling sculpture.

[@allannicolson2607]

"Spawn of satin" As annoying as predictive text is, just occasionally it comes up with a cracker! Reminds me of the devil worshipper who slipped up with his application, and ended up selling his soul to 🎅 Santa 😂😂.

[@Exiledk]

"spawn of satin"... cotton?

[@Janet-v7v]

We have suddenly got 2 toll roads now it's a conservation area charging people to go out to natural beaches & habitat

[@matthewgodwin3050]

I can tell you exactly why E Types aren't selling. Everyone knows that Quentin Wilson has one, and they don't want to be associated with a man who tells lies, drives on bald tyres, and sells cars with 'adjusted' mileages.

[@russcattell955i]

Wilson the hypocritical, paid for ev evangelist.

[@jamesgaskin7757]

Nobody cares about that stuff, e type buyers are aging

[@I_Don_t_want_a_handle]

@@jamesgaskin7757 We are. I'd like one ... can't afford one.

[@Ultradubmarine]

Any evidence?

[@russcattell955i]

@@Ultradubmarine for what ?

[@saxon-mt5by]

A lot of those unsold had unrealistic estimates; £135,000 for an XK120 roadster? They haven't been fetching that sort of money for twenty years.

[@Stealth_Gamer92]

I'm American, and seeing all those beautiful British classics not sell even hurt my soul.

I'm a Brit, and I watch old episodes of "Chasing Classic Cars" most mornings. Some LOVELY machines there.

[@Phiyedough]

I think prices went silly and now they are becoming slightly more realistic. Some people will have been stung by paying top price for something that turned out to be a money pit. In some cases people will have bought them with borrowed money and are now in negative equity. The ones with no reserve might be the ones with dead owners.

[@Trubshaw2]

I bought the Bentley Arnage for £11,000. Drove it back 150 miles absolutely perfect condition unbelievable bargain

[@williamrae9954]

Nice trip down to the Costas would be a great trip in one of those....elegance and comfort...good luck with it!

[@MobileGifte]

Whats the insureance

[@jsanders100]

Was it?

[@neilmacdonalds]

I was at this auction on 14/9/24. Royal Ascot racecourse. 30 quid to get in. Poorly attended. Very little hammeridge throughout the auction. Very slick and glossy but that doesn’t sell cars. Pint of cider cost me a tenner so l sipped it carefully whilst watching the auctioneer struggle. Lovely weather though 😎

[@garypowell1540]

I take one look at that 66 Mark I Cortina 1500 and I just want it. They were rust buckets and about as boring to drive as it gets but I just love the simplicity of cars made at that time. I was no kind of mechanic but even I could service and repair one of those with a small tool kit and a service manual. Lifting up the bonnet just gives me a wonderful warm feeling as I can see where everything is, can easily get to it and know what it does. If they only made cars like that again without the rust issues I would buy one tomorrow. The sad thing about modern cars is that they have solved all of the body issues and can be made with a minimum of human labour. But are now so complicated all of the cars I would like to own just look like a personal bankruptcy waiting to happen. I lift the bonnet of my Sports Merc and seriously wonder why I bothered to do so.

[@jsanders100]

Try actually driving a mk1 cortina on today’s roads

[@grahamsmith8091]

I agree with you Geoff... Everyone who wants one has got one or died recently. Same thing has happened ( with rare exceptions ) in the motorcycle world. Folks buying classic bikes want what they had or wanted when they were young... and that is mostly from Japan.

[@animal355]

I think, and it's only a theory, people are sitting on their cash, especially in regards to cars, until after the October budget. Due to the fear of what our new Labour leaders will do with the humble car.

[@MegaNayton]

its a cash cow and this labour government is getting ready to milk it till its dead. They are spending money we dont have and that needs to come from some where

[@zm321]

The looming October budget I feel is definitely a factor at the moment.

[@BobCarolgees-p8f]

Everyone is going to pay towards the war effort! This effort will be very short and very 🔥 hot imo.. we are in mortal danger ..

[@beautgrainger147]

I'm mulling over what will happen to car tax.. pay per mile, historic vehicle, etc. I'd love a DS but they're expensive, and my current 1998 daily covers 19k a year, which could become more expensive after October

[@thecountdelefere]

The audience for 50's and 60's cars is aging out. I was born at the beginning of the 70's, am in my 50's, and lust after stuff from the 80's. I'm still young enough and wealthy enough to drive stuff from my 'yoof', but my father is now moving out of being able to drive hard work, maintenance intensive 60's cars, and just has a modern (easy) car instead. Also, prices. These have gone mad in certain segments, with a 3 door Sierra Cosworth being a similar price to a Ferrari 328, and twice as much as a Lotus Esprit Turbo. Don't get me wrong, I love a cossie, and had one back in the day, but it just isn't as special as these, or a cheaper 911 Carrera or DB7 Vantage. When people are nervous at the financial outlook from a rapacious and inept Government, that also hates cars, they are going to think carefully before they buy something that could be virtually worthless a few years hence, due to legislation outside of their control.

[@apislapis]

As a young man I was interested in music and cars. I'll stick with the former to make a point about the latter. Everyone owned collections of various physical legacy audio formats. The industry decided to ration the making of vinyl records and then had the nerve to say 'see no-one wants vinyl, everyone wants CDs.' One format is the future. Along came a technology no-one thought of, digital formats, MP3s and streaming and CDs were not the answer. Record companies didn't have an answer to streaming and many companies went bust. The big 5 record companies became the big 4, then 3. Record companies struggled to make money.The pool of talent shrunk. Fewer people owned music, instead the industry made less money getting people to use subscription models. The soul of Rock & Pop is dead. Car companies don't have an answer for EV transition. They decide to ration sales of new ICE cars so they can say no-ne wants to buy ICE cars. They struggle to make money and merge. Some manufacturers will go bust . The pool of choice shrinks. The young believe in subscription models and lease vehicles as owning goes out of fashion. The car retail industry struggles to make money as depreciation of EVs become alarming. Few private buyers want to buy EVs. Some retailers will go bust. The European car market shrinks. One format EV is the future. A technology yet to be invented will come along to prove EV as it stands is the wrong answer. Some of the events may be in a different order but am I the only one seeing the parallels? The soul of motoring is dead. Deja vu Geoff.

[@Chris-v4z1t]

Who didn't realise that once music was in a digital format (cd) it didn't need to be spun round anymore, any digital storage will do. I knew this in the 80s...... A halfway decent vinyl deck still sounds better, .... My 52 year old MG is a far more interesting drive than a modern car

[@apislapis]

@@Chris-v4z1t Record companies and hifi manufacturers didn't realise it or else the music industry would not have got into the mess it is now. If only someone alerted them we wouldn't have the media talking about Taylor Swift in the same breath as The Beatles. You get a decent band like Oasis coming out of retirement and suddenly everyone goes mad for tickets. I have a nice Linn Sondek which is more than a half decent deck. Technically CD should sound better but since the loudness wars of the 90s and brick wall limiters CD mastering engineers were paid to concentrate on loudness instead of audio quality .Personally I prefer CD mastered prior to the loudness wars. Each to their own, at least we have the choice unlike buying a new car after 2035. Unless car manufacturers grow some backbone and start educating politicians they won't have an industry

[@MobileGifte]

No one has ever said if we all have electric cars wheres the power coming from to recharge the battires we dont have enought power stations In fact we never will have enought of them look Up Agender21 No cars No home owership How will they stop you using your car by taxing you per mile Limit the amout of fuel lt per min output at petrol pumps now its 55lt per min change it to 5 lt per min long q,s at all gas stations, increase the price of petrol,20 pound per lt increase road tax on engines more that 1,500 cc mercs,Bms,rollers to expencive to run ,increase insurence 20k per year for Mercs,Bms,rollers thats why no one wants thease cars worthless now 😢😢😢

[@jsanders100]

@@MobileGifte just have a look at the rate of solar installations

[@chriswol63]

- think You have some Point here But what you could spend your money on expanded basically. So from The Atari 400 onwards - 1990’s? Now the yoof are not drawn into cars or records. So unlike before; 20 odd years later after being a teenager there isn’t The urge to have a Porsche or re listen to music In the same way. Who would of Thought, …. it was a pretty brief period of time. The Jeff presenter’s heyday was the 90’s I’d have said and I reckon that was the time of the last One in.

[@bentullett6068]

Also some younger people (like myself) would love some of these older 1930's-1970's cars but sadly the ones who work hardest in life end up having the least money to invest in cars like this. Plus this auction is one aimed at those with lots of cash and sadly some of those with lots of cash are starting to struggle and have probably left the UK due to 2 tier.

[@martinwilby8942]

spot on pal

[@paulcope9819]

They shouldn't work so hard then.😂

[@bentullett6068]

@@paulcope9819 no joke I keep saying that to my parents. I say I would be better off pretending I have a long term illness or injury and claim benefits as those who already do that always seem to be ok in life.

[@gar6446]

People are skint. The boomers are unloading but the next generation have no nostalgia for those older cars. Many classics aren't classics Lots of poor "restorations," done on the cars, to do one properly costs more than the value, so the best of the stock is actually selling at a loss. I expect you can't insure or even park a cossie still anyway so it's hardly practical. Once acquired, it still costs hard cash to store your dream car. It's a lot of capital tied up and isn't going to be a fast sale if you need that cash at some point. Are you even going to be able to drive and maintain them anyway in ten years' time ? You can see now why they might not be the best investment these days.

[@theodorgiosan2570]

I'm 24 and I work on and drive 1970s and 80s cars. I have other friends who are the same way. It's not about nostalgia for me but just that I like the engineering of the older cars, the driving experience, and the ease of repair. I don't care about the value or it as an investment, I just like to drive an old car rather than a newer one. But I live in the US, not the UK, so maybe it's different there. I daily drive a 79 Subaru DL Wagon with a 1989 EA71S (factory race engine, fj1600 spec from Japan) swapped in. Next purchase will be a 75 Chevy Cosworth Vega. My friend (28) daily drives a 1982 Oldsmobile Toronado diesel.

[@TheLiamis]

They never keep up with inflation either.

[@matthewgodwin3050]

@@theodorgiosan2570 Thank you so much for your comment, you have given me hope for the future. Nice to see that young people appreciate the older cars. So many twenty somethings only want brand new cars on lease deals these days. My friend's son thinks a 6 year old car is ancient. To me, it's brand new. My daily driver is 43 years old, and still works perfectly in the modern world.

[@stuartd9741]

Can you imagine the insurance cost of a MK1 Cossie? Bet it's horrendous.. + Cheap loans are no longer available.. so that has an impact.

[@gar6446]

@theodorgiosan2570 I agree with you , the cars peaked around late 80s for being able to work on yourself. Nut older say 1950s have little appeal because you don't even remember your dad driving them and they can't be a daily driver.

[@richardstorier6172]

I think I will keep my Cossie which I have had for the last 35 years!

[@matthewgodwin3050]

I can remember when a decent Saphire Cosworth was £6k, and a three door Cosworth 500 was £9k! Those were the days.

[@stalepalemale]

Thats the way to do it. Nice I had a 2WD Sapphy back in 95, lovely motor, although moved onto a jap import Impreza STI and never went back to Ford again.

[@jackfisher9990]

it's not about the money for some people is it, Richard has owned his for 35 years. 😮 I do think prices are slowly coming back to reality, but ultimately they are worth what someone is willing to pay for it...

[@kevinparker461]

@@matthewgodwin3050 I brought a 500 for just that price!!.. i also sold a factory black 2wd sapphire Cosworth for £2,500!!. Had 3 RS Cosworths & i wouldn't want another, especially at the crazy prices they ask. They were special in their day, they are not now.

[@thurmanmerman9099]

@@matthewgodwin3050 yep i remember those days when soon as you said cosworth to get a insurance quote they quickly said sorry we can't insure that make and model because all the car thieves were nicking them back in the 90's, so the prices on all cossies fell out of bed

[@BobCarolgees-p8f]

Everyone is broke, people who can afford such cars are staying tight with their capital/thinking about leaving Britain. My mate just sold all his classic .vw MK1 split screens and such.. nominally he got back what he payed for them but he bought them over the past 15 years! So with inflation he's lost quite a lot in value

[@G-ra-ha-m]

Ouch. Inflation, everything costs 3x what it did a decade ago. There's no money outside of the club.

[@brutter602]

Maybe the values of all classic cars will go up when people can’t buy new petrol/diesel cars due to the coming ban in years to come. They will buy classics and use them as daily drivers. They are easier to fix and keep running longer than high tech complicated modern cars .

[@BobCarolgees-p8f]

​​@@brutter602it seems that they want Togo full totalitarian technocracy and we may have less freedom than cuba.. I fear we are to be totally crushed

[@stuartd9741]

​@@brutter602true. But the plan is, for all cars over 15 years will be prevented from being repaired.. To enforce older cars off the road.. Still think a 2nd hand car market will boom just prior to the 2030/35 0 ice car ban. As everyone has a last stab at ice driving....

[@stivowen5710]

@@stuartd9741 This is what Starmer is trying to achieve!! Absolute disgrace to the country.

[@eelcosterringa1374]

Most of these are endless moneypits.

[@kevinparker461]

E types for one!!, the bubble has burst on them.

[@thorsrensen3162]

@@kevinparker461 yes e-types have been overhyped. I was passrenger in my friends e-type and was affraid we crashed into something without any proper safety equipment and it was in general a poor experience. I hope my friend can get it sold.

[@IanNiblett]

Just a quick comment on the production. Have a look at some OBS overlays that puts your image to one side and the web page as the main part of the screen. It will allow us to see you and the web page without you covering part of the page.

[@GeoffBuysCars]

Thank you! Haven’t tried this for a video before so I’ll check it out

[@ian-nz-2000]

A few years ago, I was warned by a mate in the trade not to hang on to older classics because no one would remember them! Sound advice by the look of it.

[@kevinparker461]

I remember filling up at a petrol station 20 odd years ago in a 3 door RS 500 Cosworth. Two young teenage lads on bikes, around 15 years old said "WTF is that?". they had not got a clue what it was!!. I found it hard to believe but, heard lots of people say the same since!!

[@thurmanmerman9099]

@@kevinparker461 i bet ya still had that rs500 now ahh... my bro has still got his one

[@ohnoitisnt]

Amazing to think itll be the same story with cars like my mx5, someday. Car values follow what people remember

[@Judith-c6r]

I’m in my 70s but a true petrol head. Prices went out of control and were totally unrealistic for cars which many are unsafe to use in today’s traffic without modifications to steering, brakes, suspension. Today the priority is to put food on the table and support growing up children. Wealthy people will always find something to collect but keeping vehicles in top condition is expensive. The future does not look good and people are very concerned.

[@Chris-v4z1t]

Also in my 70s but my MGB GT 2.0 // leaves most moderns for dead and feels totally stable at any speed. Yes some "classics" are flimsy, but not all.

[@Chris-v4z1t]

(KZbin Chris mgb GT 2.0) to see what I mean.

[@johnlesueur1992]

Excellent....you have summed it up well.The coming financial upheaval is now biting. Classic cars are 'optional purchases'. The Lotus Carlton is immensely hard to find one for sale and has become a 'deep pockets' car.

[@asensibleyoungman2978]

The price crash is a good thing. The classic car market had been hijacked by investors. Real enthusiasts on real wages were priced out. Having said that some 'humble' classics are still silly money. I always fancied a low spec mk2 Escort but they're beyond my price bracket. Still lots of great little classics at low prices though. I'm blessed because I'm into cars you'd see at the Festival of the Unexceptional.

[@joejoejoejoejoejoe4391]

Two things, people want classic cars from their youth, the car that they wanted to have but couldn't afford, or more probable, their first car - and they will usually buy them in their 50s, that means cars from the1990s and beyond - cars beginning to get boring, and not saved - probably vanished in scrappage schemes. Second, I wonder if people are getting worried about the availability of spare parts and petrol as we go electric, it's possible that classic cars will even be banned - that's going to lower/crash their value in the future.

[@MobileGifte]

Agender21 look it up No cars No home owership No land owership Look at holland for proof of this

[@RajveerDhatt]

Love my MG TF 160 but at £360 tax a year plus increased insurance prices, it's not an easy car to own despite the low entry price! It's a shame because we're being forced to abandon great cars and not preserve heritage. Sad.

[@rosstrousdale7823]

Likewise but I sorn it for 4-5 months over winter

[@hb4541]

I sold my MG TF 160 at the end of last year. Just couldn't afford garage rent, plus another £30+ a month in road tax, plus the extra insurance when the weather is too crap 11 months of the year to use it. I am now going to be selling my beloved C5 3.0 Tourer, and Honda S wing scooter, and buying either a Berlingo (does everything) or a Peugeot 308 diesel (zero tax, amazing economy). What can you do?

[@jsanders100]

@@hb4541 move on

[@rustynail6363]

Asset liquidization! The £Money is moving out of the Country. Why? Labour Gov, it happens every time.

[@simonmillard8337]

This is a good comment I promise. As someone that pays for KZbin premium to avoid watching/listening to adverts I dislike when people try to sell me products whilst I support their channel. However I wanted to say I really liked your fresh, no nonsense approach to the way you handled the advert in this video. Top marks & a great video. 👍

[@GeoffBuysCars]

Thank you for that :)

[@simonmillard8337]

You're welcome, I give credit where credit is due. I didn't like the AG1 plug in the past but I can see how much more connected to your audience you are now. Great work again. I would love to see more auction videos as I really enjoyed this one.

[@GeoffBuysCars]

@simonmillard8337 glad you said that on both counts. AG1 ad was hampered by persistent bad weather and me being in a really dark place - knowing what I know now about that brand I’d never have said yes. I turn down A LOT of Chinese plastic rubbish like dash cams and Apple play integrations and sat navs.

[@stuartd9741]

That 944 turbo for 22k was a bargain, not surprising the cosworths didn't sell. Got to be a real hardcore Ford fan to own of those.. probably difficult to insure, MK1 seems the better car aesthetically speaking. .. Lotus Carlton still a rare car, with some 90s exclusivity keeps the interest strong. Mercedes SL500s seem cheap.. ... I do think the CVd used car market boom is trailing off back into somewhere like normal price territory.. .. But also the lack of cheap loans due to interest rate rises has hampered some buyers...

[@geoffreydevlin5293]

The reason the Bentley Arnages are not selling - particularly are the early T’s is because they will or, more than likely be suffering from head gaskets and over heating problems….I know I have owned three and finally given up on them….The cost to rectify being quoted at the entire cost of the car…..with no guarantees!!! It is a case of….. not if but when…..Shame because my favourite cars ever…….

[@G-ra-ha-m]

I heard that brakes can be £1k per corner, worth more than my entire car...

[@GeoffBuysCars]

Really? Email me :)

[@stuartd9741]

Is it worth shopping around garages to find an independent who could do RR head gaskets. Or even a competent mechanic could do them. I am assuming the engine, quite old technology being easier to work on..? .. Mat Armstrong has just rebuilt a RR Mansory.. Of course not the same...?

[@paulmorgan6269]

The penny has dropped and we've all realised ANY car is way way over the top in price. They are not like a house.

[@BobCarolgees-p8f]

Are you saying the housing bubble isn't equally ridiculous?

[@kevinparker461]

The RS 500 Cosworth at the Silverstone auctions sold for £600,000+ last year, a lot more expensive than any house i have ever had!. And when you think in 1987 it was £19k ish to buy, it made a good investment!. And it was a black one, not the rare white or moonstone of which there were only 52 of each!

[@cunawarit]

The explanation for dropping prices is simple, classic car prices go up during good times and down during bad times. It's no more complex than that.

[@jsanders100]

Yes it is, ICE cars are going, these cars are never going up in price again

[@johnparnell8571]

After 13 years of B of E base rate being 1% or less, the present 5% is crippling those who have over borrowed. Add the massive hike in energy costs and that leaves only those buyers with spare cash to spend and there are a lot less of them. When you take on board all of the other reasons already covered by other commentators here, there is a lot of uncertainty across the entire market of collectables. Retirees who have recently inherited, downsized, or collected a lump sum from their pensions are making what hay they can while the sun still shines. The party ends on 30th October.

[@michaelwhiles5282]

Pleased that your no longer hanging about with King of Clickbaits ....Keep up the great work.

[@Beauloqs]

Oh dont worry, now his veiws have picked up hes mentioned doing another trip with the meltmaster, some it seem, never learn 😂😂😂

[@G-ra-ha-m]

@@Beauloqs I quite like their trips, it's the closest to the old TG/GT trio we have now.

[@MarkyBoy-z5w]

Pre convid you could pick up some great cars for under three grand. Happy days.

[@richardross7219]

You are correct that a lot of us old geezers are dying off. The number of people that are interested in the old cars is dropping. The number of people that can work on them is dropping even faster. If I'm lucky, I'll get two more overhauls done before I cash in. I suspect that the markets for older machines is going to slide way down. Good Luck, Rick

[@johnlladron735]

Thanks for the video, Geoff, interesting. I think that the causes of this are that the majority are priced too high, we've got economic turmoil, and there is uncertainty about what additional limits will be brought in on cars, with classics a potential target. Yet the motoring journalists are largely mute about the state of things.

[@bentullett6068]

If you watch the behind the scenes of Mathewson's auctions video on YT, they are now very selective on what they put in their auctions now. They said they get loads of enquiries for selling mini's, VW Campers and other popular cars like MGB's and will now only accept ones they know will sell easily over ones that will just fail to sell.

[@thetruthwillwinoneday]

I think people are that worried about what Labour are going to do in the budget they have stopped spending. I’m seeing it in my business and many others i speak to are saying trade is down.

[@Crosshatch1212]

33rd

[@lmtliam]

It's not just the gradual decline in the number of people who remember cars from a certain era. When those who do remember cars get past middle age, their priorities change, and they begin to wonder why they're keeping things that take up both space and the diminishing time they have on earth. Then they sell, and they all sell at about the same time.

[@HowToSpec]

Oh I’d love a lotus Carlton.

[@carlwilliams3488]

Nice as they are did anyone seriously think an Escort or Sierra is worth 100k? The 50/60's stuff is dying but the Ford market is normalising I suspect, 20-30k for a good Escort or Sierra Cosworth with a Saph 15-20k like the Capri 2.8i seems realistic money. The speculators will get burned now.

[@glennamyhotspur]

Do more of these videos, Geoff! Very interesting to see where the market is at!

[@crazyforcars]

The thing that really blew my head are the prices for individual number plates. My goodness!

[@trk1973]

I get the Aston going for 366K. The very last of the AMV8 "styled" bodies and 1 of 131 Vantage x-packs. Very rare, fast and collectable. Similar to the Bond car from TLD and NTTD. I'd have one of these over a DB5 in a heartbeat You're totally right about the older cars losing their desirability based on the age of the potential purchaser

[@dadachoski5946]

Woody, Sorry Geoff,.. as an older fart whose first car was a 1500GT mk1 Cortina way back in the 70s \i have to agree with your assessment.. People from this era and before are dropping, I am often surprised when I wake up in the mornings, also these c ars mean nothing to the buyers of middle age as they grew up with far newer models. Those people when looking at old Jags and such see old tech that is NOT going to maintain, let alone increase in value,, Kind of like me looking at a steam powered car or model T,, NO use to me at all,, Also, most of these cars were bought because people want to tinker with them and get that enjoyment that they couldn't get when they were younger because of costs and time.. That doesn't happen today as younger owners have more disposable to do up the cars as they own and use them. NOW add in that EV is coming, one shape or another, and older cars are going to simply become museum pieces and IMO are NOT a good investment which may hit some people in the Bank Book! (remember those). 50 Years will see a complete change and these cars will be relegated to Museums.

[@jsanders100]

Yes, we had a mk1 woody. Absolutely right, but not 50 years, probably 15

[@theantitheocrat6232]

We dont have quite the same market here in Australia, people still want to own cars, but you give me hope I may finally afford to enter the classics market since having to sell my 52 Morris Monor and put family before motor things.

[@JLo-k2h]

First, the prices are utterly absurd. Second, you are correct: the people interested in these old cars are dying off. No one wants these rusting wheeled boxes. Too much work, too much space, too much headache.

[@phils4634]

30 years ago when I still lived in the UK, my Dentist owned a Lotus Europa Twin cam (Renault engine) in the black and gold JPS livery. EACH tyre for that car cost more than a FULL SET of FIVE for my Morris Minor! (I believe they were the Dunlop Denovo run-flat tyres). That white GT6 (Lot 230) is a nice car too - these used to be called "The Poor Man's E-Type", and if you are prepared to address the known underframe corrosion problems (which ARE fixable) these were fast, comfortable and surprisingly economical cars. A "sportier" version of the 2 litre Vitesse (which I've also owned!)

[@primafacie6442]

Life success is all in the timing Geoff. Most young drivers couldn’t start a classic car, let alone bother with the inconvenient features (weak performance, unsafe, rust, oil leaks, plug fouling, spares shortages etc when compared to modern cars). It’s the next automotive chapter (called I’ve got one or I’m dead) and exactly why that American speculator made millions on the Lambo Countach, in buying them cheap ready for the boom when those 1970 poster owners hit 50 and would have sufficient funds to buy their dream poster car.

[@pookatim]

There is a big issue facing the classic car market all over the world. The problem is, younger people born after 1980 do not have the same fond memories of cars that we old folks do. Old folks like me grew up in the "golden age" of classic cars, muscle cars, pony cars, sports cars as well as off-road vehicles and pick up trucks. A lot of older folks, once they had the disposable income and free time bought lots of their "dream cars" they loved as kids. But younger generations don't have the same connection or love affairs with cars that we did. Cars became either simply a necessary utility or a status symbol. The advent of leasing has made the new far more desirable than the "obsolete". There just isn't the nostalgia for cars among younger generations and the older generations are dying out. I fear the time will come when all those beautiful old works of art that were saved from the crusher and returned to service will once again decay in grandpa's barn. The problem being, most young people have no idea how to change a flat tire let alone restore a car. There just is no interest. Probably the same situation when no one wanted beautiful horse drawn carriages once the automobile took over. Now real automobiles are being replaced by plastic, computer controlled, disposable crap.

[@jsanders100]

Agree except the last bit, a modern EV isn’t crap and it makes any old ICE car look silly

[@pierredebug17]

Cheap money ended in 2021. A lot of leases (even for “vintage cars”) were with 3 to 5y terms. Forced selling and repossessions are going to fuel the next leg down before real bargains. “Ain’t about value, it is about more sellers than buyers needing cash”

[@nickjp264]

Had KZbin recommend a video the other day for a 2nd hand Tesla (2018) for £30k and of course it was being positioned a real bargain, one comment positioned it as £100k+ new. So that set me thinking what else I could get for £30k… thanks for the video as I now know I could have a Bentley or a number of interesting cars from the 70s, 80s or 90s…

[@ELXABER]

With the economy tanking, and people wanting older cars expiring, you also need to add on top of the possibility of them being undrivable and uninsurable soon because of the greenies.

[@uncletom1971]

I have an 1992 Mazda MX5 'Miata', in sunburst yellow with both hard top and soft top.

[@stevepreston2903]

A Sierra Cosworth was never worth £1 million, you will find that the auction houses set these up and every mug falls for the so called fast fords which you could find in the under £500 section in auto trader at one time, Parts arent been made for some of these cars for example Audi Quattro air metering units unavailable, Honda are only making parts for cars up to 20 years old and the next generation arent really bothered about old cars especially pre war and now people are waking up and that generation are spending their pensions on holidays instead.

[@Manc-fh5we]

Classic cars are bought in many cases as a long term investment. But everyone knows is the powers that be get their way there won’t be any petrol stations left to fill them up. The classic car market is totally screwed. They’re a modern day dinosaur and we all know what happened to them!

[@DiscoStu76]

The only 50’s/60’s cars people want are VW T1’s,2’s and 3’s, fiat 500’s and Citroen DS’s.

[@philipparker1319]

I must be an oddball bucking the trend of what is desirable then…..just returned to classic ownership after a gap of some years…..got myself a 1961 Rover 100 (P4)- 2.6 litres of straight six gas-guzzling loveliness! Did used to have a couple of VW type 3s in the past and bitterly regret parting with those in hindsight 😢😢

[@DiscoStu76]

@@philipparker1319 weren’t they used by the prime minister at the time? A lovely bit of luxury, but doesn’t have the beautiful looks of the VW’s and Citroens.

[@philipparker1319]

@@DiscoStu76 That was the later P5B Rovers with the 3.5 litre V8 motor (from Buick originally and that also ended up in early Range Rovers) that became popular “ministry” vehicles - they are also nice cars. The P4 range were known as the “Auntie” Rovers.

[@Paulie44]

I’ve been saying to my mates for some time (last 6 to 12 months) that we’re already in a recession that’s been masked by inflation. By the time people realise we’re in a recession it’s already too late.

[@deezelfairy]

Because the prices have become absolutely bonkers over the last 10-15 years - with an incredible surge of prices during Covid. Markets just stalling because people are greedy. When prices inevitably calm down sales will pick up again.

[@-DC-]

Dealer friend of mine took a 3.8 FHC E Type in as px gave it to me for a weekend to see what i thought, Felt absolutely ancient and drove worse than most modern vans no wonder no one is taking them off the Boomers hands lol, Can see lots of people catching a massive cold on these old cars.

[@GeoffBuysCars]

Exactly that. At least you can jump in an 80s/90s car and use it.

[@ian-nz-2000]

​@@GeoffBuysCarsthe silly thing is because they are purely mechanical, most of those 60s cars are dead simple to fix and parts are easy to find or make! You can strip an E type down to its components and rebuild it in a weekend. I guess no one enjoys fixing cars anymore.

[@jameslavender444]

@@GeoffBuysCars but why are the boomers and others so keen on leaving the planet?

[@-DC-]

​​@@ian-nz-2000E Type body design is horrible for extensive rust unfortunately like lots of 50's thru 80's stuff you won't be fixing that in a weekend.

[@ian-nz-2000]

@@-DC- We don't have a rust problem here in New Zealand 😀 No salt on the roads here which is why our classics are so popular back in the UK.

[@cosf918]

dont forget you need to add auction fees ect and they can be steep. So buyers factor that in hence they are not selling at the over inflated prices

[@uncomfortabletruth8976]

Been dreaming of a fast Ford for many years, I know strictly classic but am looking for a mk2 or mk3 focus RS. Was going to buy one March 2020 but fell sick to a life threatening autoimmune disorder. Fiancée left me and after many years got my health back. But like others I am worried about our current WEF sponsored government.

[@jonathancollard3710]

Labour government hate’s people making money; watch capital gains tax on cars appear in October budget 😮

[@stuartd9741]

In the US there's a sales tax to pay when a car is sold, either new or 2nd hand. And annoyingly, the US state will value your 2nd hand car by the Kelly blue book (Similar to glasses guide) At full retail, which bears nothing in reality to the current Market price

[@jonathancollard3710]

@@stuartd9741 yes I know… I live there 6 months a year. US tax system actually pretty good compared to UK and Europe…. BUT only as long as you have a decent income that is. Genuinely, being able to offset mortgage and 2nd liens against income is the biggest tax break on the planet. Friends have big boats so they can have a “head” (toilet) just to qualify it as a second living space and right it off against tax 😏

[@blowduke]

To be fair prices have been to high for years if they come down they will sell

[@whodat7366]

What goes up must go down

[@daveb2wright]

You not going to do a video with Quentin Willson? I hear he is big into classics.

[@theun-personing5674]

20-25k for a Ford Puma....jesus!!! 😂

[@DavidMorley]

That TR6 looked like a deal. RS cosworths have been massively over valued recently.

[@kamster5775]

There will be more and more unwanted classic cars in upcoming years.

[@SaltimusMaximus]

The new government is probably not helping matters, the cost of living was high and life is going to get more expensive, cars are going to be their revenue target, I was thinking of giving work up but I think it is not a good idea atm

[@jonsnow6741]

Thinks the play money is/has disappeared quicker then we thought .

[@berwhaletheavenger]

E Types have had their day. You see one (of many) at a show and walk straight past it to look at a 1.8TC Marina Coupe or another interesting rare car. The 2+2 project is £5000 - who the bloody hell wants one? Ugly heap. The unsold cars would sell if the reserves were reduced by 30 or 40 %. A Merc 123 Estate is a 10 grand car tops. They just aren't that special. A Calypso red 850i Auto, ditto. The running costs are horrific, a running battle with NLA parts, electrical problems and 15 mpg. A really nice one - 15 grand.

[@olivethrush7450]

Geof ? Is it me but the lots thumbnails are obscured by your photo.

[@GeoffBuysCars]

Yeah it was a bit of a compromise to do it this way, I’ll find a better way next time.

[@Everything_Evan]

Most of them are too expensive I think

[@andybrowne2117]

What a incredible car the lotus Carlton was , I'm not surprised it sold . the DD's [ Dagenham Dustbin's ] not surprised they didn't sell , what with insurance costs [ back in the day I believe it cost £ 20, 000 ] . Aston's parts prices scare me !

[@christianfairhurst3877]

Everyone could be driving an old Bentley instead of a Dacia, but what's the difference when you factor in the running costs?

[@BobCarolgees-p8f]

£1200 for front disk and pads 😅

[@G-ra-ha-m]

The old complex cars are wonderful, but to own one takes bravery, especially when they rust.

[@paulb4uk]

I would like a jaguar xk 120 but not at anywhere near those prices Toyota century is quite a cool Japanese import .

[@baronvonhoughton]

Ok James.

[@williamrae9954]

Toyota Century, a very cool car...completely skipped over!

[@MobileGifte]

My dad had only jag mk8 or 9s what a car

[@Beauloqs]

The biggest driver of anything classic is the relationship with the items orginal era. Most of those have "timed out" or not yet old enough.......further more, in case yiuve missed it, theres a cost of living crisis, so classic anything isnt on most peoples radar.....all this has happened before, and weve recovered.......meanwhile, for some, its a great time to buy.

[@G-ra-ha-m]

Lack of winter fuel payments doesn't help traditional owners either. A 2nd car is always a luxury, people are going to have to start using these as daily drivers, and doing the regular maintenance... but the salted roads are a challenge.

[@russcattell955i]

The 1st TR6 looked a good price until we saw the twin carb low power motor. The fuel injected high power is more desired.

[@YegoYTP]

can't believe how cheap that vanquish sold for, over 10 grand cheaper than the cheapest one on autotrader, also lets keep these values dropping, hopefully an escort cosworth will be worth 8 grand again soon and i can buy one

[@williamrae9954]

Never wanted one new, my opinion has never changed...terrible cars

[@Haffschlappe]

Sadly soon All Gas cars will be illegal

[@veronikahorvath5087]

Us the little people got no money for collectible cars. The ones who got that money are investing in bunkers and private islands instead? Maybe something else

[@dunmail7744]

"Land Rover 90 with a tent on the back" is actually a 1950's Series One Land Rover. Not being a "car" these vehicles are totally outside the so called "Classic Car" market. Why they sell for £24,000, when anyone who knows what they are doing can rebuild one in a week, is because they come with a guaranteed return ticket to days gone by that everyone has forgotten or never knew and, sadly, will never be seen again. I've owned mine for 54 years.

[@robincook3367]

Surprising amount of unsold cars. Not sure if many people realise that the Daimler Super V8 is mechanically identical to the Jaguar XJR, but more luxurious being in Daimler trim.

[@GeoffBuysCars]

Hence not worthy of the extra spend when an XJR is cheaper 👍

[@rogerhudson9732]

Only the SL Pagodas were interesting but can be expensive to bring up to best condition, my neighbor's body shop in Bosnia has done full restorations on a couple for an Austrian firm, as things like chroming are cheap but dirty.

[@gothicpagan.666]

Some of those old lumps like the Merc, Rolls and the Grandad Est. will never be classics they are just old. As allways if it's a genuine vehicle and of real interest when new, it will sell. Though that Healey with the Lotus 901 unit is possibly under price, but in standard form they are underwhelming. This will have a knock on effect for the myriad of classic car shops that have cropped up where people are trying to turn a hobby into a business. Hopefully they will all go back to work.

[@capnpugwash5403]

As someone who built the cornishe and wraith donkeys years ago, they are a lot more than just old.

[@gothicpagan.666]

​@@capnpugwash5403Yep they are undesirable old cars

[@BobCarolgees-p8f]

​@@capnpugwash5403the gulf monarchies inhabitants agree 👍🏿 they are the only buyers .. Chinese don't seem to care for old western clunkers

[@G-ra-ha-m]

They are classics for sure.

[@asensibleyoungman2978]

I hate snobbery about what is and what isn't a classic.

[@colinallan1962]

How many petrol stations will there be in 20 years time and how much will gas cost ?

[@townsjim]

Petrol? Gas? Make your mind up pal.

[@thefamouseccles1827]

We're coming into hard economic times. The 50s and 60s customer base is dying off. Covid price bump is now unwinding. Us peasants wanting a classic car for a sunday drive aren't going to buy a Bentley. £100k+ prestige cars belong in museums or private collections of the wealthy. For the next 20 years, 70-90s motoring is where it's going to be because these are the cars from the youths of the buyers right now.

[@G-ra-ha-m]

The wealthy won't be buying depreciating assets either...

[@philhealey4443]

In the brave new Cuba-like motoring world, classics that are reasonable reliable, have engine bays where you can see the engine and can run on cooking oil are increasingly on my radar.

[@RogueTrader-]

@@philhealey4443Have you not been paying attention? We dont live in Cuba. They will just regulate us off of the roads with high costs using the digital control grid that is being installed nationwide right now.

[@SCR-ce2fs]

Excellent - please do more of these reviews. Maybe go to the sale?

[@colinwhite5355]

By Lot 160 you had managed, four times, to point out my market irrelevance and impending perdition. Switched off while I was still able.

[@paulloudbbk]

To be fair I wouldn't bother with anything pre 1980s unless it was a project. The only immaculate low mileage cars I'd spend money on knowing it would appreciate in value would be a 90s honda, ford puma or a mint non rusty Ka. The older stuff has already peaked in value. Where as slightly later stuff is still appreciating .

[@chrissybee18]

That TR6 was incredibly low! It was either a complete shed or someone got the bargain of the year!

[@Trubshaw2]

It was me that bought the Vent Arnage for £11,000. I think it was an absolute bargain drove perfectly 120 miles home! It’s absolutely beautiful

[@GeoffBuysCars]

I'd love to hear from you by email!

[@dieselfunk65]

I’m not surprised that the 1964 Morris J4 van sold, even at £16,800, you hardly see any on the roads these days, you see them at some classic vehicle shows.

[@graemekinder9491]

Debt was cheep at 1%. Everyone remortgaged, or sold property and made money. Now it's higher rates, the spending is not there.

[@skisavoie]

Wow the classic car market has certainly crashed! There’s going to be a lot of people in negative equity with their classics, they’ll have to hold on for the market to come back if it ever does? Maybe as the stupid net zero scam starts to take effect the older cars will become desirable again? I’m definitely looking out for an older diesel without all the gubbins stuck on it. Thanks for the video, all the best, Colin.

[@philhealey4443]

Fully aligned there, a Volvo with the VW straight six, any Diesel Mercedes or a non rusted out Peugeot Diesel. No electronics and engine bays not infested with miles of tubing and spaghetti wiring.

[@Redorbluepill66]

Brilliant Geoff,super enjoyable 🙏🫶✌️🏴󠁧󠁢󠁷󠁬󠁳󠁿

[@OsellaSquadraCorse]

Remember that these are not the cost though, these are the sale price, so add 15-20% on to see what it would have been as a conventional sale. 15k+ 15% is right on for an MG RV8 classified price, same again for a 2.8 Granada estate at 4700 and the TR6 at 13k is steep vs a lot of classified ads...

[@timhicks2154]

I wonder if the values of my Classic Historic motorcycles will follow suit and hit rock bottom?

[@MobileGifte]

I have all the cars of my dreams But they have the word Dinky, or Corgi in front of them 😂😂😂😂😂😂😂😂😂