Although at the top of the market there is speculation, I think in the lower parts it is still dominated by hobbyists. One of the reasons for the growth of it since 2008 is the fact that all other avenues of investment have been soft or unsafe.

At present other investments may be looking better thus less car speculation.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.