Hagerty. “The Market Hasn’t Lost Steam. ” Greg Ingold. October 2022.

SPECIAL FEATURE: E(CAR)NOMICS

F E A T U R E | W H A T D O E S T H E E C O N O M I C O U T L O O K M E A N F O R C O L L E C T I B L E C A R S ?

HOLD ONTO YOUR CLASSICS (& BUY MORE)

Tell me if you’ve heard this one before, vehicles are a strong investment class during economic downturns. Of course, you’ve heard it before and very likely more than once - from me. I admit I’m at risk of sounding like a broken record when I am waxing lyrical about the benefits of vehicles as an investment class in general, and more specifically the vehicles that fit our investment thesis - tomorrow's classics. I find it near impossible to focus on anything else because I’m reminded of this in just about every encounter I have –whether it’s the calls I’m fielding from sellers about another great opportunity for the Fund (there is so much on offer) or reading headlines about increasing inflation. Whilst I can talk about how vehicles offer a natural hedge until I’m blue in the face, I appreciate that rhetoric might not be enough to assuage concerns about where the vehicle market is headed – so in this edition we are sharing some additional information on the subject. I hope you find it interesting.