Classic car lovers in Doha the capital of Qatar are willing to face the bumps to go after their passion. Classic, Antique or some may call vintage cars until very recently appeared to be a territory only the rich royalties and the VIPs are allowed to enter. However, this perception has gradually changed, and now the market holds possibilities for even the enthusiasts that are willing to spare a bit over a hundred-thousand Qatari Riyals the equivalent to twenty-thousands US Dollars. This became possible due to the economic boom the area is witnessing, efficient communications with classic car dealers in Houston, along with the superior supply chain management allowed cars in Houston to be transported at low costs.
It now became possible for a knowledgeable enthusiast, with patience, and time at their disposal to buy classic car in Qatar, or an antique car in Dubai, or even a classic car to be shipped from Houston. It became possible to start the process with the equivalent of three thousand US dollars, or in other words for less than the ca was worth in the seventies or eighties.
This however sometimes holds true, and sometimes does not. For instance, Morris Minors was valued in Dubai and Qatar at about QR 15,000 in the eighties. It is very difficult to sell such a car for QR 10,000 in 2007 according to a car dealer. Cars that were easy on the pocket back in their peaking days are unlikely to hold value over the years. Hence, exceptions always pop up, for instance this fact doesn’t hold true with the iconic mini.
I respect, and always reflect my articles with both mine and the apposing; however I do not see a Qatar classic car dealer’s opinion holding true. He said “The classic car market, if it can be called that, will flourish because people have bought [these cars] for nostalgia and recreation — not for financial gain,” says a dealer in classic cars. “Most people, who have bought a classic car in the last ten years, knew their cars would have seen a rise on the value.” To contradict, According to Classic Car magazine, the US has seen a growth in the market for classic cars, particularly American sports cars of the 1960s and 1970s. Cars, such as Chevrolet Corvettes and Camaros, Ford Thunderbirds and Pontiacs, are said to have doubled in value over the past three years.
As I have been promising throughout the article series dedicated to Qatar classic car, the research journey has not stopped, rather the more research I make, the more I am interested to learn about the differences in tastes and markets. To get up-to-date research results, visit the section I dedicated to Qatar classic cars.