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10 cars to consider investing in next year
Bloomberg19 December 2020
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From Bentley to BMW, Polestar to Porsche, new-car sales have slumped in 2020. Sales of classic cars, on the other hand, have remained positively stable.
“2020 was a very strange year: There was a lot of appetite” to buy cars, says Brian Rabold, vice president of valuation services at Hagerty, a company that insures classic and collectible cars.
“The proliferation of online platforms from auction houses and startups alike enabled consumer hunger.
“A lot of people had more time, they weren’t traveling, they weren’t leaving the house. You could just sit in front of the computer and shop. All of that conspired to make 2020 really strong.”
Sales of classic cars, on the other hand, have remained positively stable. 2020 was a very strange year: There was a lot of appetite to buy cars,” said Brian Rabold, vice president of valuation services at Hagerty, a company that insures classic and collectible cars. The proliferation of online platforms from auction houses and start-ups alike enabled consumer hunger. A lot of people had more time, they weren t travelling, they weren t leaving the house. You could just sit in front of the computer and shop. All of that conspired to make 2020 really strong, Rabold said.
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