Just like Wall Street, the classic car trade has its ups and downs, with investment vehicles coming in and out of favor over the years.
There are some blue chips that are in it for the long haul, like ultra-rare Ferraris and Le Mans-winning Fords, but the values of most fluctuate quite a bit with the demographics of the buying pool. A recent survey found that Gen Z is now the most interested in buying a collectible ahead of Millennials, Gen X and the Boomers that started this whole craze.
The one big difference is that unlike a share of Tesla, you can drive a classic car to get some money’s worth out of it, regardless of what the resale value ends up being.
That said, no one wants to lose anything on a major purchase, so the folks at Hagerty Insurance have analyzed the trends to create its Bull Market list of cars, trucks and a motorcycle to watch for in 2021. Factors like recent…