The expression ‘classic cars’ is commonly used to describe vehicles that are over 30 years old. Classic cars are therefore not only well-kept collector items, but also vehicles whose appearance reflects their age. Owning one is a source of pride because you are aware of having a piece of history in your hands.
Classic cars are a true store of value. Those who can afford them satisfy their passion and at the same time realize an economic capital gain; they are indeed in the absolute first place as regards objects with the highest yield performance from 2005 to today.
Despite a slight slowdown in the market in recent times, classic cars are still sold today in international auctions for millions of euros. These are therefore objects that do not know what depreciation is. Over time their value increases, also thanks to participation in events such as the Mille Miglia, la Targa Florio or Concorsi d’Eleganza.
Yes, a recent study shows that historic and collector cars mark the highest increases in all investments: +91% at the 5-year milestone and +288% after 10 years; in comparison, jewellery grows respectively by 41% and 138%. (Source: Hetica Capital, advisory fund)
In Italy, the turnover related to historic cars is valued at around 2.2 billion euros, including purchases and sales, maintenance, and restoration.
Let us not forget that the more prestigious the classic car is, the more it needs careful and accurate maintenance, so it is essential to rely on experts who provide comprehensive advice to collectors.
For example, what is the right oil?
Pakelo recommends the Classic line dedicated to older generation cars.
Divided by decade, they have been designed to meet all the needs of cars that need to be preserved, collected, but above all relived!