Classic cars are the stars in Berlin
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They warn the possible implications of Brexit on historic enthusiasts “is yet to be seen” but owners are still “determined to succeed”. Classic owners will need a range of new documents when travelling abroad while there are also concerns over how the changes will affect international historic auctions.
John Mayhead, Head of UK Valuations at Hagerty has predicted the classic scene will battle on regardless of “whatever barriers are put in front” of it.
He said: “It’s a fair prediction to say that summer 2021 may be a watershed for the UK historic vehicle community.
“What effect this may have on the average enthusiast is yet to be seen, but most seem determined to work around the problems and get back to normal as soon as possible.
“The UK has always been a mainstay of the classic car industry and it seems our industry is determined to succeed; whatever barriers are put in front of them.”
Historic motoring enthusiasts love international travel with many showing off their machines at international race meetings and car shows.
However, Hagerty warns drivers may need to obtain an Access / Temporary Access (ATA) Carnet if they ship their car on a lorry or trailer.
This acts as a passport for goods with each pass costing drivers hundreds of pounds.
However, Hagerty warns a returnable bond payment is also due valued at up to 40 percent of the total goods.
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This could see owners of some ultra-rare classic models paying millions of pounds to transport their cars to meetings.
Bonham Christie said: “When you load a car onto a trailer or into a lorry, it becomes ‘goods’.
“You need a ‘green card’ from your insurer for each element – the car, the towing vehicle, and the trailer – and as you’re transporting goods, you also need an ATA Carnet.
“It’s not as if we haven’t done this before – the system has been the same for entry to Switzerland for years – but it adds a new layer of cost and complexity to the process.”
Hagerty has warned classic car auctions could also be under threat with extra complexities to deal with.
UK auction houses have historically held events all over Europe and welcomed EU models to their British based auctions.
This means cars may need to be temporarily imported with extra paperwork, putting many owners off using auction house to sell their vehicles.
However, Mark Perkins, founder and managing director of Historic Auction House has eased concerns.
He said: “Significant collector car consignments have already been sourced from UK vendors, together with serious consignment interest received at our UK and European offices by non-UK domiciled vendors.
“Three months before the sale, it’s too early to comment meaningfully on bidder registration but that again will give us some useful insights into UK/International buying patterns.”
Hagerty has also warned it is still unclear whether historic vehicles are exempt from EU emissions zone regulations.
It is also unclear whether spare parts can be boxed together under the same carnet and what happens to these if they are later used.
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