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Latest / Your Way Home with Hongbin Jeong

Under the Radar: Repairing and selling the classics - Classic Motorworks on the booming classic car market; Global classic car market to grow to around US$35.5b in 2023; Retrofitting classic vehicles into EVs

Classic cars – or those that are at least 35-years-old from their original registration date - that’s on our agenda today. Such vehicles have gained increased popularity in recent years. According to Forbes citing collectible car website Classic.com, a sizable list of desirable up-and-comers have appreciated in value by as much as 88%. But really, what is driving the market? Also – with Statista expecting the global classic car market to grow from US$24.5 billion in 2019 to around US$35.5 billion in 2023, we want to find out what this means for classic car dealers and workshops. Our guest for…

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