Fake antique car market growing

By Staff | December 17, 2013 | Last updated on December 17, 2013
1 min read

In the 1930s, only 33 K3 open-top racecars were made by British automaker MG, reports Bloomberg.

But now, it adds, there are more than 100 of the cars on sale. Bernhard Kaluza, vice president of antique club FIVA, told Bloomberg that “the tripling of the K3 fleet is part of the booming trade in fake antique autos.”

Read more on the vintage car market.

Also check out:

4 tips when investing in collectible cars

How fast could you pay off this furious car?

Woman collects debt by winching car onto roof

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.