Denver dealer moving more than 100 classics a month
Vintage buyers still eager to buy
When COVID-19 arrived, auto sales took a sharp drop. Months later, retail sales still haven’t recovered, but according to a Colorado classic car dealer, sales at their vintage shop are up and online.
Worldwide Vintage Autos in Denver, Colorado, sells cars ranging from the 1950s through the 1980s, and as he told Business Den, “Classic cars are a want, not a need. So, I anticipated people would hold on to their assets,” said co-owner Britt Douglas.
Instead, the opposite has happened. The store would normally sell or consign around 100 cars every month, a figure that would impress for a new vehicle dealer, let alone one that specialises in the unusual. Douglas said that the company has sold around 115 cars every month since the pandemic started, and a record of 124 in May.
“As far as overall volume, we are one of the largest classic car dealerships in the country,” Douglas said. “And we hold the most inventory out of any classic car dealership in the country right now.” Those vehicles are going quickly, and he said they’re typically sold in under 30 days. Among the current inventory at WVA are models ranging from a 1965 Chevrolet Suburban to a Mercedes-AMG G63 and just about everything in between including muscle cars, loads of Broncos, and more.
The store says that its average customer is between 30 and 50 and that nowadays 90 percent of their business comes through the internet. Not just because of COVID, but because these cars are frequently sent all across the world.
Why are sales picking up when everything is shutting down? It’s not clear, but we’d guess that a combination of shorter commutes thanks to working at home, more leisure time thanks to working from home, and that the likely wealthy buyers of these cars are probably less affected by pandemic-related unemployment all contribute to the spike.