EurotaxGlass has reported how the internet has boosted the value of modern classic cars . Is this another example of the Long Tail in terms of how demand for any make and model can be satisfied thanks to easier accessibility via online sources? In this case, however, a market ensues driving up the price, since demand may exceed supply.
“Competition online between small numbers of would-be buyers for the best examples of particular cars is affecting pricing trends on a daily basis,” explains John Glynn, Editor of the Glass’s Guide to Older Car Values. “As classic prices climb, the fan-base for as-yet unacknowledged classics gathers momentum and prices react accordingly.”