The Future of Classic Car Collecting: Gen Z's Growing Passion
A New Generation of Enthusiasts
Contrary to popular belief, the future of classic car collecting is not a doomed affair. In fact, the next generation of enthusiasts is here, and they are creating a vibrant market that is exploding.
Gen Z Embraces Classic Cars
According to a survey by Hagerty Insurance, young adult generations Gen Z and Millennials are significantly more likely to own classic cars than their predecessors. In fact, 32% of Gen Z and 30% of Millennials in the study responded that they already own one.
Specific Interests and Vehicles
While some may assume that the younger generation is only interested in modern sports cars, the reality is much different. Gen Z enthusiasts are actively inquiring about a wide range of classic vehicles. According to Hagerty demographic data, some of the most common cars that they are interested in include:
- Ford Mustangs
- Chevrolet Corvettes
- Toyota Supras
- BMW E30s
- Volkswagen Beetles
Historic Vehicle Registrations
In some states, owners can register a vehicle as historic after as little as 20 years. This opens up a much wider range of vehicles for Gen Z enthusiasts who may not be able to afford a traditional "classic car."
Collector Cars of the Future
The growing interest in classic cars among Gen Z is a positive sign for the future of the hobby. As these young enthusiasts continue to age, they will likely continue to collect and drive classic cars, ensuring that the market remains vibrant for years to come.
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