Market Intelligence
tangible assets ////
Over recent years “hard asset” investing has exploded showing a steady trend of double digit returns, as high as 30% per annum for the “blue chip” group of classic cars. The classic car industry has exceeded expectations outperforming the DOW, S&P 500, S&P 1200, gold, wine and other commodities by a significant margin.
Industry trend examples ////
A 1970 Chevrolet Chevelle SS LS6 that was valued at $125,000 in 2013 has an estimated value of $192,000 today (a 54% gain) while a 1963 split-window Chevrolet Corvette that commanded $147,100 in 2013 is now worth $231,000 (+58%)*
* Source: Forbes.com “Buying A Vintage Car For Fun And (Perhaps) Profit” OCT 17, 2017
competitors ////
There is currently no known competitive classic car fund in Canada.
In the US and Europe there are several very successful funds.
CAF Ltd. - USA: Restoration shop and driving experience for investors
PHD Equity Partners - UK
Family Classic Cars - USA: Service, Restoration and Storage
The Classic Car Fund - Lichtenstein: Cars in portfolio are often lent to museums, film studios and private exhibitions to generate further income.