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Opportunities are Infinite
The auto sector involves opportunities for investment in car parks, dealerships and EV infrastructure. To invest in the car, it is necessary to research several things. Try to analyze different aspects of the purchase you are planning to make.
Research from a library, review the buying guides and seek information about different models and their value. Most Consumer Reports break down things into easy-to-compare numerical scores, and they can provide valuable information.
There are some risks involved in such investments in vintage autos that tend to lose resale value over time, and most vehicles get a lower price if they get old except the ones which can defy the trend, and then such models can get more value with age.
The reason for the growth in the price of some vintage auto models is higher demand and low supply. The demand is driven by older buyers who remember and desire to own the vehicle since their younger life.
Later in life, they get the funds to buy and spend on the car. If the supply of a certain model type is less, the prices can increase significantly due to higher demand.
Experts are also looking towards future aspects and expect cleaner automobiles to dominate the markets, especially when the global motor vehicle is overcapacity and is not in a position to hold on for long.
Markets across the globe are getting a downturn where passenger car sales are set to decline in the coming years.
The emerging technologies are autonomous driving/ delivery, micro-mobility, and electrical vertical takeoff and landing. Vehicles in operation and possessions have grown faster worldwide, and in many parts, the maintenance/ parking of cars is a financial burden.
The growing buyer of EVs will be India, facing one of the highest pollution, as it is the world's third-largest oil consumer. So the new automakers are targeting customized designs specifically for India.
In China, automobile sales declined 2018 by 8 per cent in 2017, and these counties need newer solutions for the transportation problem.
The new entrant, Tesla, has drawn the attention of investors, but observers are aware that it may take years for the car to displace the current industry.
Look for fuel efficiency and gas mileage to get a vintage auto model. The cost of maintaining a vintage auto can increase if fuel efficiency is low.
Before buying, check for the extra expenses that will be required on the latest gadgets the car needs, like the in-car DVD player or drive conditions for severe winters or farms (check for equipment required to make the model work for specific geographical location – like if it requires driving on uneven roads and harsh climatic conditions).
Some vintage vehicles may require oil changes (modern engines do not require that), and one should check the manuals to identify such factors.
A logbook related to maintenance that records the mileage and dates/ details of expenses should be maintained, e.g. Expenses on airing up the car tires, changing the air filter, changing the transmission fluids and oil filter.
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