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Yahoo
15 hours ago
- Automotive
- Yahoo
The Collector Car Market Is Collapsing Rapidly
Read the full story on The Auto Wire After years of rapidly climbing values, the collector car market is collapsing rapidly as investors pull out. We see evidence all around us of this phenomenon, some shocking like NASCAR hero Don Tarr's '69 Dodge Charger Daytona failing to meet reserve at there's broad evidence values for both classic cars and modern collectables are imploding in a hurry. The Hagerty Market Rating is now in the high 50s after a brief stabilization in May. That's a big deal, because when the rating hit 60 back in April, it was the first time that happened in almost five years. Strange things happened during the era of covid policies, including collector car values in general reaching incredible heights. Many declared it was a new era for the hobby, acting as if the lofty prices we saw both in public auctions and private sales would never come back down. Now the party's over and it seems many investors are scrambling to unload their vehicle assets as quickly as they can, like a skater going across thin ice rapidly in hopes it doesn't collapse. Even Hagerty is wondering just how low its Market Rating will sink before things stabilize again. Operating on a scale of 0 to 100, it gauges how active the collector car market is. Back in June 2022 it reached a pinnacle of 78.22. But the bad thing was many enthusiasts who aren't multi-millionaires watched their dream rides become so expensive, they lamented they might never be able to own one. That was true for crowd pleasers like Porsche 911s and Dodge Vipers as well as more niche, more pedestrian rides like 60 Series Land Cruisers. Nobody seems to know exactly what's next in this strange market. After a runup in values like never before it seems like the correction will involve a trough or low point like the collector car hobby has never witnessed. If enthusiasts play their cards right, that might mean finally getting that dream ride. But with the ravages of inflation still felt on a daily basis, most of us have less money to play with. Image via Kevin Saechao/Facebook Marketplace Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.
Yahoo
31-03-2025
- Automotive
- Yahoo
Hagerty Reports Collector Car Market Cools to Pre-Pandemic Levels
⚡️ Read the full article on Motorious The collector car market has cooled significantly, with activity and momentum returning to levels not seen since before the pandemic-era surge, according to the latest data from Hagerty. In its March update, the Hagerty Market Rating fell to 60.39, marking the lowest rating since November 2020. The rating, which gauges the overall "heat" of the market, as well as its strength and direction, dropped 0.33 points this month, following a 0.29-point dip in February. It now hovers just above the 60-point threshold—dangerously close to entering the 50s, a zone that would signify stagnation or contraction. For perspective, the Market Rating peaked above 70 during the height of the collector car boom fueled by COVID-19 lockdowns, increased disposable income, and a rush of new buyers entering the space via online auctions. During that time, interest in vintage vehicles surged, along with prices for everything from air-cooled Porsches to American muscle cars. Now, that momentum appears to be waning. 'The current Market Rating suggests we've hit a reset,' Hagerty analysts noted. 'The factors that drove the pandemic-era boom—scarcity, demand from new buyers, and cheap money—have all changed dramatically.' Economic uncertainty, higher interest rates, and a normalization of auction activity have cooled buyer enthusiasm. Despite record-setting prices for ultra-rare and historically significant models at blue-chip events like Monterey and Amelia Island, the broader market appears to be stabilizing at more conservative values. While not a sign of collapse, the report suggests that buyers and sellers should temper expectations. Vehicles that surged in value over the past three years may no longer fetch peak prices—particularly if they fall outside the most desirable or investment-grade categories. Still, Hagerty emphasizes that the market remains strong by historical standards, with solid fundamentals and ongoing interest in iconic cars. "Enthusiasm hasn't evaporated," the report concludes. "But the frenzy is over."
