It has been years since I last saw a usable 40 year old classic sell for less than £5,000. Yet here is a Triumph TR7 convertible that achieved just £4,320 at ACA’s latest auction. Yes it’s an automatic and yes it has had significant welding done, but on the face of it this is a car you could use and enjoy from the moment you bought it. Even Porches like the 944 and 924, that in recent years finally became appreciated and thus much more expensive, have dropped in value. This is at a time when the same money would not necessarily buy anything more reliable on the modern used car market.
Is the classic car market about to crash?
Is the classic car market about to crash?
Is the classic car market about to crash?
It has been years since I last saw a usable 40 year old classic sell for less than £5,000. Yet here is a Triumph TR7 convertible that achieved just £4,320 at ACA’s latest auction. Yes it’s an automatic and yes it has had significant welding done, but on the face of it this is a car you could use and enjoy from the moment you bought it. Even Porches like the 944 and 924, that in recent years finally became appreciated and thus much more expensive, have dropped in value. This is at a time when the same money would not necessarily buy anything more reliable on the modern used car market.