Wealth Creation: Investing in the booming classic car market could grow wealth.
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Why investing in the booming classic car market could significantly grow your wealth.
A growth estimate of US$12.5 billion (R200.4bn) has been forecast for the global classic car market over four years from 2020 to 2024 off an initial value base of US$30.9bn (R495.3bn). Still, the market has gone into overdrive this year with several collector cars jumping in value by more than 30%, so that four-year estimate will have to be revised upwards*.
A growth estimate of US$12.5 billion (R200.4bn) has been forecast for the global classic car market over four years from 2020 to 2024 off an initial value base of US$30.9bn (R495.3bn). Still, the market has gone into overdrive this year with several collector cars jumping in value by more than 30%, so that four-year estimate will have to be revised upwards*.
