Industry Outlook

FEATURE | THE COLLECTOR CAR MARKET IS EVOLVING

A Tale Of Two Car Segments

Results have been mixed

Ah,theexcitingworldofcollectorcars,wherethingsare always changing, and the only constant is the thrill of thechase.Inthismarkettrendssection,weexplorethe mostnotabletrendsinthecollectiblecarmarkettoday.

Now, opinions on the market vary like the speeds on a racetrack.Somefolksthinkit'sslowingdown,otherssay it's cruising along just fine, and a few say it's still accelerating.Andyouknowwhat?They'reallcorrect!

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But fear not, because we've got our eyes on the road and the Fund's geared up to take on the twists and turnsahead.

The collector car market has been anything but stagnant lately. It's been active, nuanced, and even a bit unpredictable. Results are mixed, with no cleardirection,butdon'tpumpthebrakes just yet! Top-tier cars are still thriving, it's the commuter cars that are floundering. Sale prices show that collectors are still willing to pay big bucks for exceptional cars. However, people are being more rational,evenforelitecars.Thisnewfound level-headednessisexpectedtocontinue.

Sure, the commuter car market isn't as predictable as it once was, but that's not to say it's grinding to a halt. Buyers are becoming savvier about quality and models, making for a more nuanced market. Less predictable as the market may be, some of the age-old collecting trends hold true: global high-end marques(Ferrari,Lamborghini,MercedesBenz)haveheldtheirground.

Butnotallhigh-endmarquesarecreated equal. Some high-end marques soar in valuewhileotherscoast.

There are different ways to measure the value of a marque. If you look at auctions, Ferrari has a clear lead. In the past 35 years, Ferrari has taken home the title of themostexpensivecarsoldpubliclymore than half the time, with only Mercedes comingclose,recentlyliftingthistitle.

Butauctionsaren'ttheonlywaytogauge a brand's worth. To truly understand a brand's value, we need to look at what people are buying across the entire marque'srun.Andwhenwelookatshare oftotalsales,PorscheandFerraritaketop spots - meaning even if another marque were to take the "most expensive" title, Ferrariisstillawinner.

It'sclearthathigh-endmarquesstillreign supreme across various methods to gauge worth. This is why we align the Fund'smarquemixwithmarketdemand, to ensure that no matter how the market evolves, our vehicles are in demand. And as we procure more top-tier cars, we'll be fortifyingourgrowthpotentialevenmore.

FEATURE: THIS QUARTER'S PODIUM