I don’t know much about the economy and its trends these days but there are plenty of bad news about unemployment, a high rate of foreclosures and more. It would seem that every sector of the economy is either completely paralyzed or close to it. Well, to be honest I know that things aren’t as bad as they were about a year ago but I also know that we aren’t completely out of the woods yet.

I also don’t have any data about the state of the classic car and old truck market. Are people buying more classics, or is this sector of the economy also suffering? I simply don’t know. The government doesn’t keep track of that and if someone does the data isn’t published.

But there are things that make me happy these days. A quick visit to eBay will show that there are plenty of people bidding on classic cars and old trucks and some of the bids are simply astonishing. I have seen old trucks getting bids that go over US$ 20,000 and following those auctions will show that the items are aggressively disputed by many bidders.

The auction company of Barrett-Jackson, “The World’s Greatest Collector
Car” auctioneer is also thriving and doesn’t appear to be having any problems selling the great cars they have lined up for the four huge auctions they have scheduled for this year.

Hemmings, who also calls itself “The World’s Largest” never seemed to have reduced its huge collection of classic cars and old trucks for sale. Their selection is as good as it ever was and the wide variety of items being offered for sale there indicates the market is absolutely normal.

Maybe I’m being overexcited about what I see in this niche of the market. People may argue that there are more items being offered for sale than actually sold and that the bids used to be much higher than what we see now. As I said above I don’t know. I may be wrong but it feels good to see high bids in auctions of classic cars and old trucks because classic cars and old trucks are considered to be a hobby and not a necessity. If people are still coming up with high bids it may be wise to hold on to our classic vehicles, because they are not and will never be something you just throw away to die in some abandoned lot. They are valuable and they will keep being valuable in the years to come, no matter where the economy goes.