FINANCE ENQUIRY

How will Brexit affect the classic car market? POLL RESULTS

By CSF Team | Classic car Market and Values, Insider Knowledge | 0 Comments

Recently we posed the question – How will Brexit affect the classic car market?

We wanted to find out how classic car enthusiasts, owners and dealers felt about the potential impact of Brexit so we posed three simple questions and shared the poll with our customers and dealer partners by email and it was also shared on social media.

Short term: What effect will Brexit have on classic car values in 2016?

Medium-to-long term: What effect will Brexit have on the UK classic car market?

How do you personally feel about Brexit?

On a scale of zero to ten – zero being very negative, five no difference and ten being positive, we asked them to give their thoughts how Brexit might affect values and the classic car market.

Brexit poll results

Short term: What effect will Brexit have on classic car values in 2016?

No Difference – 32.1 %

Negative effect – 41.8 %

Positive effect – 26.3 %

Brexit-and-the-classic-car-market---short-term-view

Medium-to-long term: What effect will Brexit have on the UK classic car market?

No Difference – 34 %

Positive effect – 42.6 %

Negative effect – 23.3 %

Brexit-and-the-classic-car-market---medium-to-long-term-view

How do you personally feel about Brexit?

Negative – 45 %

Positive – 44.4%

Neutral/ indifferent – 10.6 %

Brexit-and-the-classic-car-market---classic-car-owners-views-on-Brexit

We also polled the classic car forums on Pistonheads to get an alternative view with a slightly different question.

Pistonheads-Brexit-Poll

What do the results tell us?

We’ll leave it to you to make your own decision, but we felt the results were positive and reflected a strong level of confidence in the UK classic car market.

 In the short-term a minority (41.8%) of respondents believed Brexit would have a negative effect on classic car values in 2016.

In the medium to long term a minority (23.3%) of respondents believed Brexit would have a negative effect on the classic car market. 42.6% believed Brexit would have a positive affect.

The dominant response was that Brexit would make no difference to short term values or the market in the medium to long term.

One month on – do the results reflect the market?

It’s still hard to tell, but we can tell you that in the month ending July 2016 classic car finance enquiry levels were virtually identical to June – and July and August are traditionally quieter months. We will have to wait until the Autumn to get a true picture of whether sales have been affected and whether advertised prices come down.


 

YouGov age stats
Were classic car buyers for Brexit?

Personal wealth


Economic impact YouGov


 For all the latest classic car market information please visit our classic car market section

 

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