Welcome to FootSteps
FootSteps was updated 7/2/2014 with various bug fixes and enhancements, including changes to help users comply with the new Canada Anti-Spam Law:
- All incoming leads with a .ca email address or Canada as country are opted-out, unless incoming lead contains explicit opt-in language
- Users manually creating records with same criteria are prompted to update customer’s opt-out/in status
FootSteps recorded education sessions and the live webinar schedule can be found at the bottom of each FootSteps page under the Training link.
Investing in Classic Cars
Sleek fender lines, chrome grills, plush vintage interiors… No wonder the international designer Ralph Lauren once described classic cars as “moving works of art.”
Classic cars are items that inspire the imagination like nothing else. The ultimate symbol of luxury, they continue to fascinate collectors with their aesthetic beauty, engineering brilliance and historic importance.
And the investment market surrounding these magnificent vehicles is equally inspiring. Underpinned by an efficient combination of passionate collectors and the world’s wealthy elite, it offers an array of choice and prices to suit almost any taste in an investment area that historically moves independently to any other.
And values are on the up. In recent years, the global recession and ongoing stock market volatility has encouraged an increasing number of investors to place their money with classic cars, which in turn has caused values to rocket.
According to the UK’s Telegraph newspaper, failing to invest in the classic car market is one of super-investor Warren Buffett’s biggest regret. In 1980, the world’s third richest man was offered the entire Harrah Collection of over 1,400 classic cars for less than $1m. In 1984, the collection sold for over $69m, with Buffett left feeling a sharp pang over the rare missed opportunity.
Reasons to invest
The market is in good shape: Prices for the leading classic cars fell by 0.06% in the five months to May 2014, with the market normalising following record-breaking results. This is great news for those concerned with an unsustainable price bubble, with values still remaining high.
Pleasure of ownership: A classic car provides one of the few investments where you can fully enjoy your purchase without significantly decreasing its value. Many classic car collectors choose to race at track days and find infinite enjoyment in learning the history of their vehicle, as well as how to lovingly repair and restore it.
Diversity: With the current volatility of the stock market, there has never been a more crucial time to add some much-needed diversity to your portfolio. The top classic cars are far more likely to hold their worth than stocks and shares in the current climate and provide a solid asset that you can touch, rather than a promise which could collapse at any point.
Chinese market set to explode: With very few investors buying classic cars in China solely due to restrictions on importing used vehicles, a relaxation in the laws will undoubtedly result in a huge boom in their classic car market – something that dedicated enthusiasts, hungry investors and eager sellers are currently working on.
The world record price for a classic car at auction has soared from $10.8m in 2008 (for a 1961 Ferrari 250 GT SWB Cal Spyder) to an impressive $29.6m in 2013 (for a Mercedes W196) – that’s a 22.34% per annum increase.
The HAGI Index of classic car values has risen 49.3% since it began tracking the market in January 2009, showing a 12.13% pa increase.
In 2011, the top 50 collectible classic cars rose by 13.89%, while gold – considered a reliable alternative investment – showed a growth of just 9.93%.
The 1929 Birkin Bentley became the world’s most valuable British car in June 2012, selling 78.6% above estimate for £5m ($7.8m). It beat the previous record for a British-made car of £3.5m ($5.5m), achieved by a 1904 Rolls-Royce in 2007, by 42.85%.
Results from the Historic Auto Group Indexes show that top quality Porsche models are up 2.32% for the year-to-date (May 2014), while Mercedes has seen an increase in value of 2.58% in the same period.
RV Shipments Climb in May
RV wholesale shipments to retailers tracked by RVIA continued to climb through May with year-to-date shipments totaling 159,256 units, a 10.6% gain over the first five months of last year.
On a monthly basis, shipments totaled 35,511 units in May, up 5.1% over April 2014 totals and 9.1% over May 2013 totals. This represented the best May total for RV shipments in eight years and the best single monthly total for the RV market since March 2007.
Motorhome shipments continue to grow at a rapid pace rising 23.3% to 19,703 units through May. Meanwhile, towable RVs remain the largest vehicle category with 139,553 units shipped so far in 2014, an increase of 9% over last year.
On a seasonally-adjusted basis, May’s shipment totals represent an annualized rate of more than 354,000 units.
For more information on RV market statistics and research, visit the “Market Data and Trends” section of http://www.rvia.org.
For rich people seeking new places to put their money, maybe one more fun than mutual funds and less risky than tech startups, one asset class is beating out all the rest: Classic cars.
Real estate firm Knight Frank put out its Luxury Index on Friday, which tracks a basket of collectible items that serves as a good proxy for how good wealthy people are feeling about their situations in life. Known as the KFLII, it kept rising fairly steadily through the recession, and is now beating the global stock markets.
Not all collectibles are doing equally well, though. Antique furniture has been out of style for a while now, for example and fine art–usually a more volatile category–sank 6 percent this year. But prices for classic cars, as tracked by the Historic Auto Group, have more than doubled over the past five years, and grown by 28 percent in the last 12 months.
What’s driving the bubble, if we might call it that? According to Knight Frank, cars are all the rage among Asian plutocrats. And unlike art, wine, and watches, there’s more of a confined supply. The various indices only track certain models, and none of them are being made anymore (even so, it’s hard to pin down the overall value of the market, since there’s not a central collection point for that kind of information, like there is in the major stock markets). Hagerty breaks them down by type of car: The “blue chips” cover models made in the 1950s, 60s, and 70s. There are only so many of them, and even more people want to own one — complete with fraying upholstery — there’s no way for the market to increase supply.
For comparables, Knight Frank plots the Luxury Index against something that’s also known as a luxury commodity: Gold. The price of gold, though, has plummeted in recent months. That’s probably a good sign for the global economy, since people don’t feel the need to put their money in bars of something that’s always seen as valuable even if currencies collapse.
Luxury items aren’t really a substitute for gold, says Knight Frank analyst Andrew Shirley. That would be a better way to characterize equities, like stocks: When confidence in the economy is high, people put their money in riskier bets that have the potential to make large returns. Collectibles are where they put their money when they’ve made enough money in the stock market that they feel like diversifying — or just having some bling to set them apart from the other millionaires.
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Welcome to Wheelator World!
We bring buyers and sellers together …. that may never have found each other.
We have a diversified listing service from recreational vehicles to boats, collector cars, air planes, heavy machinery ETC.
Our service supports network of Agents and Dealers across USA and international markets that deliver the personal touch to buyers and sellers and resolve the needs of each.
Our founder Todd Taylor gives his full commitment to represent Clients with the highest calibre of professional service ever experienced in this arena.
Todd is the Leader in USA/Canada Broker Market Whether you own a Diesel, Class A, Class C, Fifth Wheel or Travel Trailer; Todd will market your RV/Camper in a thorough, polished and professional manner, focusing all his experiences in obtaining the greatest value for your 2nd greatest investment.
Together, with the most respected Marketing Plan in Broker Industry, Todd will make your RV/Camper sale a success!
If you are thinking about selling your RV/Camper or buying one and would like a private consultation, please feel free to give us a call anytime at 716-932-0115 or visit our website at www.WheelatorWorld.com