Collecting classic cars is often viewed as a baby boomer activity. But times are changing. Gen Z is now entering the market, and they have different tastes.&...
Collecting classic cars is often viewed as a baby boomer activity. But times are changing. Gen Z is now entering the market, and they have different tastes.there has been a shift from baby boomer s controlling the market to new generations starting make their marks. He argues there is a"rebalancing ... where vintage cars , the great ones especially, will continue to hold their value, but they may not be increasing in the way they were in previous years.
We were kind of talking about general trends here in the space and we kind of saw that auction value is coming down a little bit but there's still healthy demand there.Well, it's uh it's a little bit like the financial world, right?Um The the if you will, the generational shift is really upon us for for many years.They, they drove the collecting market all the way up from fifties cars.
When you think about the future of how people might collect, you start with what you drive every day and then when you make a little bit more money, you start uh owning the cars that you really want to have. But the brand that we really like to look at and that has been really on the rise the most in the last decade is Porsche and specifically Porsche 911 of, of virtually every generation of 911.They're, they're not always as valuable as say, the some of the Ferraris that we talked about uh that I just mentioned the holy holiest of all grills is really the 1962 Ferrari 250 GTO.
There's a whole community of people that are into cars that play those games and, and that's the way a lot of the next generation are starting to get into them.
Mckeel Hagerty Hagerty Baby Boomer Pras Subramanian Gen Z Vintage Cars
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