Those are valid and interesting points. My only quibbles:
1) Regulations can change with the stroke of a pen, and
2) I think that driverless electric cars are going to cause people to have a STRONGER desire to have a "real" car.
Aside from that, I think that's a well-reasoned set of arguments. Not that I'm selling my '84 Ferrari or anything rash like that!
In reply to WilD: RE: Your point #1: Look at Japan. In the '80's & 90's when I spent time working in Japan, they always were after the newest and swankest of everything. Guys in mink jackets far outnumbered those looking for a classic car, even a Japanese classic. Now I hear there is a booming market in importing and restoring classics for their garages. For example a lot of old Datsuns are now going back home.
The same is true of Great Britain. They are spending a ton on the cost of shipping their own classics back to the UK. No one was interested in them just a few years ago.
Point #2: Like Russia, China seems to have different rules for the workers and those who can pay bribes. And the regulations are for workers, not those who can afford a classic or the bribe to get it.
Does that mean China or the classic market in general will surge? I haven't a clue. But with all those people and all that money, I'd surprised if it didn't happen eventually. After all, how many mink jackets does a guy really need?
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