I got a lil tempo and the paint is faded (oxidized) I removed the oxidation but theres a lack of clear coat left behind.
My question is , Can I re-apply clear coat after a wet sanding and will this bring back the color?

You restore cars so you shouldnt have a problem "patching" the area that needs some clear. Clear coat and then polishing it out will bring out the depth/color.

Wet sand and clear should have you on your way. Just remember to use mineral spirits about 5 times to clean any wax or dirt that is on there. It may seem like overkill....'till your clear flakes of later. :banghead: