- Bloomberg article reports that sales of classic cars have remained “positively stable” during global pandemic
- Two key acquisitions help firmly establish PRPI’s position in multibillion-dollar classic car market
- CEO notes that PRPI’s acquisition of Worldwide Auctioneers will lead to company’s greater growth
While COVID-19 may have dampened the new-car market, a recent Bloomberg article noted that the global pandemic had little impact on the sales of classic cars (https://ccw.fm/uFlBx). That’s good news for Perpetual Industries (OTC: PRPI), which earlier this year announced two key acquisitions — the Worldwide Group LLC, operating as Worldwide Auctioneers, and AutoGrafic Software System — both aimed at firmly establishing the company’s position in a multibillion-dollar classic car market.
“From Bentley to BMW, Polestar to Porsche, new-car sales have slumped in 2020,” Bloomberg reported. “Sales of classic cars, on the other hand, have remained positively stable.” The article quoted Brian Rabold…
NOTE TO INVESTORS: The latest news and updates relating to PRPI are available in the company’s newsroom at https://ccw.fm/PRPI
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