The market for collectable cars is always changing and evolving. Ever since the invention of cars, there has always been enthusiasts from the silent generation to millennials. Despite the age differences between these demographics, they follow the same new trends that are coming out every year when it comes to collectable cars. Here are just some of them.
- 90s and 2000s are coming back
The oldest millennials are getting into their best earning years which means they’ll be able to afford the cars that they loved from these decades. Think Camaros, Firebirds, and Mustangs. Don’t forget that millennials also love the Jeep Cherokee and Mazda Miata. This is the age group that has the most buying power at the moment so you can expect these cars to rise in value in the next few years.
- Collectible cars become daily vehicles
Gone are the days when collectible cars would just sit in the garage. Buyers today are more practical and they want to put to use items that they purchased, especially something as expensive as a collectible car. You’ll be seeing more of these cars on the road rather than on the garage accumulating dust.
- Shifting prices
There is no guarantee that your grandparents collectible car will be as valuable now as it was then. Prices for these things are always changing depending on the demand. For instance, cars that may have been affordable before might increase in value in the next decades. A good example of that would be the muscle car which used to be cheaper in the 60s and 70s. Today, it’s considered a collectible and you might find it hard to find a cheap one around. If you want one, you might need to browse muscle cars from all around the country to get the best deal.
- Modifications are acceptable
While your parents and grandparents may have preferred collectible cars in their original state, today’s young collectors don’t mind modifying theirs. In fact, it’s even encouraged since this allows the car to function better on the road. It can still have its original appearance but car owners can change its engine, sound system, seats –anything to make the car a more convenient drive for the owner.
- Green is in
This is related to the previous point we made above. One of the reasons why car owners want to modify their collectibles is so it’s more friendly to the environment. Cars of the past are different in the sense that they’re not as efficient as the cars of today. With a simple modification, they can make the car consume less gas or spew less mug. All that work is worth it if it means being able to make the world a greener place.
- Contemporary cars over older classics
There’s the classic fanatics, then there’s those who prefer the modern cars. This is most likely due to the fact that older cars are more expensive to restore. Why go through the trouble when you can have a more modern car with low miles and a more accurate service record? Some collectors like to know what they are getting and would opt for the latest collectibles rather than the old ones.
- Online auctions for cars
Your options for collectible cars are not just limited to your local area anymore. With the internet, you can find your desired collectible car, at a price of course. Most of today’s traditional auction houses are quickly adapting their formats into online as a way to get more consumers to bid. This is convenient but it definitely makes collecting cars more competitive. You have to know your cars well and what price they are worth before you make your bid.
Which of these ideas did you find the most interesting? Share your thoughts in the comments below.
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