Do Velocity vehicles hold their value?
Whilst it is impossible to guarantee the future value of any car, there are some important positive factors to consider when it comes to a Velocity vehicle.
The classic car market is growing. In 2022 it grew by 11.6%, and between 2017 and 2021 the market grew an average of 3% year of year. As mainstream automotive moves towards a new level of technology (EVs, self-driving cars) the demand for classics is at an all-time high.
Resto-mod vehicles are in high demand. A study by SEMA revealed that 50% of classic vehicle businesses are now focusing on resto-mod work. Increased demand for resto-mods is driven by a growing interest from luxury vehicle collectors, dealers and car enthusiasts.