12 June 2023
Under the Radar: Repairing and selling the classics - Classic Motorworks on the booming classic car market; Global classic car market to grow to around US$35.5b in 2023; Retrofitting classic vehicles into EVs
Classic cars – or those that are at least 35-years-old from their original registration date - that’s on our agenda today.
Such vehicles have gained increased popularity in recent years. According to Forbes citing collectible car website Classic.com, a sizable list of desirable up-and-comers have appreciated in value by as much as 88%. But really, what is driving the market?
Also – with Statista expecting the global classic car market to grow from US$24.5 billion in 2019 to around US$35.5 billion in 2023, we want to find out what this means for classic car dealers and workshops.
Our guest for today is from Classic Motorworks. The company, which was founded in 2016 as a 2-man workshop in Tuas, has since grown to become one of the more established classic car workshops in Singapore.
It also ventured into the trading business over this time as a full-fledged classic car dealership in Singapore.
On Under the Radar, Tan Lu Han, Director, Classic Motorworks joins Drive Time’s finance presenter Chua Tian Tian in-studio for more. They also talked about the electrification of the automotive industry and whether classical cars can be electrified.

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