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What does the 2040 Petrol & Diesel Ban mean for classic car values?

A quick look at things to come…?

July 26th, 2079 AD

By 2040, it was impossible to buy a petrol or diesel powered car in a UK showroom. Sure, they were available through specialists who would import them from the countries that defied the ruling, but buying a 5.0 litre V8 Mustang from America wasn’t an easy process. The red tape and import costs meant only serious enthusiasts could afford to do it, and even then finding petrol wasn’t easy.

Classic car values started to drop by 2025, when it became obvious that the government really meant it. By 2035 the market had polarised… The most desirable, most superb, most beautiful and most historically significant cars were still climbing in price into 2045 as wealthy investors scrabbled to fill museums and collections.

Meanwhile, the market for what were considered ‘every day classics’ or ‘modern classics’ in 2017 had completely crashed by 2045. The market died. The price of fuel, road tax and of insuring a petrol car, meant that in 2032 we had to sell our classic… A 1988 BMW E30 320i. I was lucky to find an underground collector who said he’d take it on despite the high mileage. He gave me £30, and asked me not to tell anyone about him.

10-abandoned-gas-station-daz3d.jpg

In 2050 it was still possible to host and attend a classic car show. Websites sprang up detailing the last remaining strong holds of the petrol station network, so enthusiasts could get enough petrol to make it to and from the show; however the cost of doing all this, combined with the price of petrol signalled the death of the classic car show.

By 2053 classic cars were already banned from all cities and towns. The final nail in the coffin was the Classic Day Licensing Fee, which arrived in 2055. That meant if you could still afford to own a classic car and had somewhere to keep it, you’d have to pay for a Day License to use it. Each council had an allocation of Day Licenses for petrol and diesel cars, most of which were snapped up by wealthy collectors with many classic cars. The office would open at 9am on January 4th each year, and by 10am every Day License for the year would be sold. On January 5th, more classic cars would flood the market as owners decided to sell rather than wait another year for a chance to drive it. The sight of an MGB or a Volkswagen Beetle, Campervan or a MK2 Escort on our roads became a rare thing indeed.

By 2055, the only classic cars that remained were on static plinths and in the foyer of posh hotels. The electric car scene had completely taken over. Classic car magazines struggled on, and were granted special licenses to go out and drive classic cars for the purposes of content and photo shoots, but by 2060 even those licenses were revoked. Without rolling photography, the magazines were forced to transport classic cars on electric trucks to shooting locations, which worked for a while… but eventually the circulation dried up as the interest in classic cars waned.

The biggest problem for the classic car industry was the youth. They simply hadn’t been brought up to own and drive cars. The generation born post 2050 would never understand the concept of the driving license, the thrill of passing a test and having the whole country available to you… This latest generation saw cars as a commodity, a necessity to get from one place to another. The concept of the road trip was an alien idea to these youngsters.

The very last classic car auction took place in 2055. The auction hall was absolutely packed as more than 300 immaculate classic cars were sold, but despite 6000 people attending, all 300 cars were bought by just 4 collectors. Prices were exorbitant, even though it was unlikely that any of those cars would ever be driven again.

Now, here we are in 2079, and the landscape has changed. The roads are quiet, as people can only really afford to use the car for essential travel. The monorail, electric bus and roadways are busy, but the open roads are dead. Country lanes are overgrown, the motorways are down to 2 usable lanes thanks to nature reclaiming the landscape.

There are rumours that people are still making petrol, that underground car cultures are still out there, driving, late at night, in the wilds, but these may just be rumours…

I’m in my 80s now, and on quiet evenings I like to sit back in my favourite chair, close my eyes, and think back to those days of driving a 6 cylinder BMW, roof off, foot to the floor, with the engine screaming and a big wide landscape opening up in front.

Those were the days….

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