Collector and muscle car values the next 10, 20, 30 years.

onanysunday

onanysunday

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Been wondering about this for a while and it will get interesting. I was saying exactly this before reading this car and driver article.  (Written 8 years ago) I just don't see the Millennial's and Gen xers having the interest down the road. Boomers right now are aged 58-67.  I think a lot of them have connections to the old cars since they or a family member had them. I see people spend way more money than a car is worth because of that connection. I am thinking 15-20 years there could be a big drop in prices. 

The best estimates we have at the Hagerty Group, which sells classic-car insurance, peg the number of collector cars in the U.S. at roughly 5 million, of which 58 percent are owned by baby boomers, or those born from 1946 through 1964. Our data says that the median age of collector-car owners is 56 years
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I guess it will be up to the millennial's to carry the torch. https://www.motorauthority.com/news/1129062_millennials-having-surprising-impact-on-collector-car-hobby

 
I was talking to the owner of Squeeg's Kustoms about this a couple of months ago. There is no shortage of millennials interested in the classic/collector cars. He is seeing an increase in interest from this younger generation.

 
This is super interesting to me. Shoot my own kids don't really care that much.  Sure they appreciate it and enjoy dad's hobby,  but.... it's dad's hobby... not theirs. 

  I wonder how all of the aftermarket  parts companies getting bought up by investment groups is going to affect it.  Holley, lunati, nos, edelbrock, etc, etc... when they don't make a certain EBIT number do they just shut down that branch??? 

Also makes me wonder about the old school speed shops.  Are electric motor swaps going to take over? I looked to one for a project and the $20k sticker is a bit steep for my blood.  But I'm kind of a cheap ass too...  

 
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Been on my mind as well. Looking to sell my custom 55 Buick and the resale values of the carbureted cars are not there anymore.  Seem most buyers are looking and paying top dollar for the LS swap/Coyote/Hellcat swapped vehicles.

IMAG2008.jpg

 
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I have to admit............. I REALLY enjoy jumping in the buggy & hitting the key & knowing it will fire up every time & idle no matter what the temp is or how long its been sitting or anything...  no screwing with Synchronising webers or anything like that....

 
I just checked out one of the original collector cars (Model A) on bring a trailer and you can get a nice one for not a lot of $$

https://bringatrailer.com/ford/model-a/

This is happening because the original enthusiasts for these cars are not longer alive and the current boomer generation doesn't have as much interest in them (other than hot rods).  At the top end, Boomers are actually in their 70s.  It will be interesting to see if collector cars continue to hold their value as the big manufacturers switch to electric cars moving forward . . .

 
Somewhat similar analogy is i got some big heavy fishing weights from my grandpa a few years back. Was all excited to give them to Lauries kids because they fish. I thought it would be cool as hell to have 60 year old fishing equipment. Other guys fishing next to them might notice and have a conversation topic. Turns out the weights are made of lead and the kids want nothing to do with them. 

Younger generation might eventually view any type of internal combustion collector car like a lead weight. Starting the motor in the garage in the year 2050 might be similar to me taking that lead weight and sucking on it like a piece of taffy.

 
Grease Monkey said:
Been on my mind as well. Looking to sell my custom 55 Buick and the resale values of the carbureted cars are not there anymore.  Seem most buyers are looking and paying top dollar for the LS swap/Coyote/Hellcat swapped vehicles.

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Always the Holley Sniper setup when it comes time to sell… 

https://www.summitracing.com/parts/sne-550-872?seid=srese1&gclid=CjwKCAjwwo-WBhAMEiwAV4dybVlh_uttRJzWjOR9Tr62mGZ5nfVJp4_vjbY7_cDsWnmSX6kjZBD_vRoCIoIQAvD_BwE

 
My dad and I are both car guys, I guess the bug has passed to my kids. Two of my sons have classic rides.

 
I think the demand for old cars will die over the years. I think most car people, when young, put affordable performance at the top of their list. As most of us get older, and make more money, we want the more exotic performance vehicles that were never an option before. Not saying that there won't always be those that put cruising at the top of their list, but will always be secondary. 

 
Surf and Dune said:
I think the demand for old cars will die over the years. I think most car people, when young, put affordable performance at the top of their list. As most of us get older, and make more money, we want the more exotic performance vehicles that were never an option before. Not saying that there won't always be those that put cruising at the top of their list, but will always be secondary. 
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That's funny.  As I get older, I don't need to go fast anymore.  I kinda just want to have a Tacoma as an every day driver and vintage Alfa/ Austin Healey / 911 in the garage. Haven't done it.  Yet . . .

 
South Bay said:
That's funny.  As I get older, I don't need to go fast anymore.  I kinda just want to have a Tacoma as an every day driver and vintage Alfa/ Austin Healey / 911 in the garage. Haven't done it.  Yet . . .
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This.

Go fast days are over, all about a nice ride, something a pleasure to drive.

 
I often think about this as I too consider myself a car guy. I like all cars and appreciate the work that people put into custom cars even if not my taste in style. However there are many factors that go into this topic. I don't think that people have the same relationship ( give it a name or personality ) with their cars now a days as they did back then. I don't think that many families take road trips in their cars now a days either. I don't think people take care of their stuff like they did back in the day. Today seems to be a throw away society and not a take care and preserve society. Stuff is made to be replaced not repaired now. I wonder if todays modern muscle will be as desirable in 40 years such a 70 GTO, 65 mustang, 69 camaro, etc... 

I tried to pass on my love for cars to my kids but to them it is just a "Red car" or a "Blue car" ....... what can you do ?

 
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