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As one of the most respected private car clubs in the US, we see what our members are buying or selling and why. Unlike others that report what has already happened based on auction results. We see what’s happening before the auctions. Every year from Amelia to Pebble between 10 to 14% of the auction dollars are Fuelfed member cars. In late 2018, we asked our top collector members how they were re-positioning their collections for 2019.
Three basic questions and their basic answers:
1. What percentage of your current collection are you selling in the near future?
Average answer was 4 to 5 cars. Or roughly 22% of their collection.
2. What cars are you looking to acquire?
Average answer was 0 to 1 car.
3. What is your strategy on those positions?
Most answered that they want thin out the random cars and get down to the cars they really liked. A few were looking to raise capital for other investments.
What does this all mean? With a 4 to 1 sell to buy ratio…well you can do the math. Let’s see if our small collector world is any barometer.
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