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Description

Has the collector-car bubble finally burst?
According to numbers gathered by industry insurer and valuation Web site www.hagerty.com, for the first time since 2009, the auctions during the Monterey-Pebble Beach classic car week in mid-August did not show an overall sales increase. In fact, the 2015 auctions showed a decline of 8.9 percent compared with 2014.
But it’s not cause to panic. Far from it.