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The Ademy Mission, thanks to its international network, is to provide worldwide Corporates involved in the Classic Car economics a full range of services online and bespoke quantitative and quality analysis and/or cars and collections expertise.
Automotive Data Evaluation Market Yield.
ADEMY provides:
- a web platform to access its database of over 120.000 transactions
- a 3-month and 6-month Classic Car market reporting
- bespoke analysis services to provide focused insights and indexes on specific segments and geographies
- expert quoting services, both online and by person
More than 200.000, growing 10-15.000 per year.
Anytime an auction is held everywhere in the world.
Select a Make, Model and Series of the car you are dealing with, focus the number of records and sales date, then have a look at the suggested max. min. and to the full list of transactions to fit in the range the car you are evaluating.
Yes, as Super Cars and limited edition cars belong to the Instant Classic class.
Yes, as long as the transaction was recorded and published by an Auction House. The aim of ADEMY is that of collecting and analyzing the broadest set of transactions possible.
The FIVA classification provides 8 age classes for Classic Cars: 1. Ancestor (built until 1904). 2. Veteran (built between 1905 and 1918). 3. Vintage (built between 1919 and 1930). 4. Prewar (built between 1931 and 1945). 5. Classic (built between 1946 and 1964). 6. Post Classic (built between 1965 and 1974). 7. Modern (built between 1975 and 1988). 8 Instant Classic (built after 1988)
There are many kind of Certificates issued by several Organizations, few are reporting the data supplied by the owner, others refer to the technical data of Make and Model. Some of the still existing Builders set their own Register as Ferrari, Porsche , Mercedes, etc.. The Makes disappeared are sensibly represented by privately managed Registers. The most advanced Countries have a national Organization.
There are many ways available sourced from the market: Auctions Experts, Dealers, Online B2C Evaluation Systems, Brokers, etc. Each Organization drives evaluations to address his business. A sample for all a Dealer will evaluate the cars to sell at the top of the market, and the cars to buy at the bottom. ADEMY is INDIPEDENT and its business is to provide his Clients the correct evaluation.
The market trends have changed may times in the last 40 years, the last cycle, after the 2015 peak is regaining those values. The September 2016 brave buyers are realizing their profits. The demand is tied with the gain expectations. The Classic Car is strongly growing again, but on different an selected Makes and Models.
ADEMY has run an analysis of Classic Car buyer profiles. We mapped 9 types of buyer: 1. Museum collector: buys cars to keep them without using them. 2. Restoration enthusiast: looks for interesting restoration works to be selled off once the car is back in shape. 3. Social owner: buys one or more cars to run the Mille Miglia. 4. Historic sportsman: trains regularly and takes part into competitions to win. 5. Missed driver: races classic cars after not being able to be a professional driver in the past. 6. Speculator: sees Classic Cars as just another alternative investment asset. 7. Rallyman: buys and personally restores a car to showcase it at rallies. 8. Classic Car historian: studies the history of cars, collects them and is interested in the evolution of Classic Car tastes and mechanics. 9. Pure collector: only buys cars of the same make or period in their several versions, including models and related accessories. Uses cars only to keep them efficient.
Origin, history of previous owners without interruption, agonistic sports pedigree, fame of previous owners, originality (i.e. Configuration and components in line with time of build and sports heritage), low mileage (in case of a non-restored car, or a car that was just restored for minimum maintenance), certificates, main worldwide event eligibility.
Buy when the market is slow sell just before the peak. Choose the Makes and Models the market will demand next. Ask ADEMY.
It depends from the selling target. Fast sale? Highest Profit? Publicity of the sale? Short Negotiation? ADEMY may evaluate the best solution selected by Collector and Car.
It depends from the buying target. Fast buy? Lowest price? Best short term Investment? Best Car liquidity? ADEMY may evaluate the best solution selected by kind of buyer and Car.
Restoration may be a very long task, years. It may cost much more than the budget requiring high historic knowledge. Is matter of experts and skilled restorers. If time and efforts are not a critical issue the end of the restoration will drive the car over the market value, but in long term investment it could be the right choice.
ADEMY’s aim is to accurately picture the Classic Car market dynamics. We do that by calculating a series of Indexes, each representing a different YoY trend focusing the detail up to a specific Model of a Make.
The ADEMY Classic Car Index is the global Index picturing all the Classic Car Market as a sum of all the revenues recorded in the ADEMY Data Base. The ACCI allows to get an executive shot of the market within a desired timeframe.
The ADEMY Top Lot Classic Car Index provides information about the global revenues recorded on cars sold at auction at an overall hammer price exceeding € 1 M, including sale commissions. It’s a very important parameter to trace the highest market segment.
The ADEMY Mid Cap Classic Car Index gives information about the global revenues recorded on cars sold at auction at an overall hammer price between € 100k and € 1 M, including sale commissions. This parameter reports the trend of the consistent collector’s average target.
The ADEMY Small Cap Classic Car Index gives information about the global revenues recorded on cars sold at auction at an overall hammer price under € 100k, including sale commissions. This parameter reports the trend of the lowest market segment that, if coupled with the number of cars sold, gives a clear picture of the health of the entry level market.
The ADEMY Indexes should not be used to guess the future of the Classic Car market and its segments, rather to represent their state of the art at a given moment in time, in order to most effectively support buy and sell decisions with quantitative evidence and analysis.
Not necessarily. ADEMY Indexes provide the trend of the balancing between demand and offer of the Classic Car market and its segments. Specific models have their own demand-offer balancing mechanisms, which may lead to over- or underperforming value against the average. Each ADEMY Index provides a YoY reference, suggesting whether it is a better or worse moment to buy or sell a given asset class compared to the previous year.
The ADEMY Indexes provide a support to (dis-)investment decisions on their Classic Car segments. On top of that, the ADEMY team can provide Classic Car professionals with tailored support to evaluate specific situations.
Not completely, as each model has its own value determinants and market dynamics, yet there will likely be a stronger correlation between the prices associated with that make and the trend of the prices of the models of that make.
The Classic Car market is a good example of the word “Glocal”. Every country has its own local behaviour, preferred cars and sales volume, yet more and more market operators and collectors connect with each other globally through international online marketplaces and events. Classic Cars are flowing around the world driven by new demand and exchange rate changes, but the biggest markets are commanding the trends.
First, start with the aim the buyer had at the times of the purchase. Given a target, it is appropriate to consider several characteristics, both intrinsic (e.g. overall conditions, mileage, former owners …) and extrinsic (make, model, series …), to assess the congruence between the current value and the purchase price, as well as its market liquidity.
Liquidity is defined as the probability (favorable cases over total cases) of a specific model to be sold at an auction. It is expressed as a percentage (%), so that a liquidity of 70% indicates that cars of that model have been sold at auction 70% of the time
The value of a Classic Car is the hammered price (including sales commissions) a specific car could reach if sold at auction on the day of the analysis. It is therefore the price exactly matching offer and demand at that day. Further, it is the price you should be prepared to pay to buy a car of the same extrinsic characteristics (series, model, make …) with comparable intrinsic characteristics (e.g. history and conditions).
It depends upon the specific car and the restoration it underwent. The physical properties, the esthetics, the materials and the overall configurations, that make a specific model distinctive, should be preserved to keep its value comparable. However, many considerations may apply, therefore the ADEMY team provides Bespoke Expertise services.
Yes, generally speaking, yet it can also not be a significant determinant of the final hammer price and it depends upon each specific car.
No. The accuracy of the “fair value” increases with the number of transactions considered, with the most recent in time to be considered more significant. The ADEMY Indexes can provide a good actualization of older transactions.
In Oscar Wilde’s words, we know the price of everything and the value of nothing. The ADEMY database provides an accurate valuation for make, model and series of a Classic Car, providing a reference price range. ADEMY further provides a team of professionals that can support collectors and operators in the accurate evaluation of the NAV of a specific Classic Car model, in order to identify and assess all the key characteristics that may significantly affect its rarity, thus its market demand.
Each Make Model may have a recipe. If the car is an Istant Classic, do just the required doc maintenance. If the car is older than 50 years, show it at the main worldwide Events.
The most Sport series with a limited production number, less than 1000.
From 5 to 10 % of the Assets. Up to the 50% of the Alternative Investments.
A correct method to identify the correct Investment amount may be when the restoration cost is less than the unrestored car value.
Fashion and Collectors age is a key factor in the market trend changes. The last trend overvalued 30-40 years old cars also built in a large numbers because the new rich incoming is born in years seventies. The big Makes will limited series until the demand will be saturated, then the prices will return in the second hand market rules.
