Why Classic Car Values Are Dropping - Hagerty's Surprising Report! 

Not necessarily. The market was being artificially inflated by several factors. Circumstances have changed and the market is going to decrease further. The simple fact of the matter is that the generation that had the money to and the interest in collecting those cars is gone. They are dying out and divesting themselves of their collections. Consequently the younger collectors are driving the market up on 80s and early 90s vehicles. This is the same thing that happened in the model t and model a world. Hardly anybody wants those and no kid today does. Times are changing and the prices are dictated by demand. The demand is waning.

No, what you're buying, take it to a professional mechanic.Find out how much is going to make the car right?Because a lot of people will just sell you, junk.That needs a lot of repair

Vote Susan Hall she is only 10 points behind Khant at the moment. We will do same tmr .😂

Yep,I never bought any of my cars for an investment and hate the people who restore and never drive them. All of mine are daily drivers. I have never and will never own a new car. The high prices were the result of old retired men with too much money and investors driving the market up. Those folks are aging out of the hobby now and the prices are reflecting that and are going to continue to fall.

True. Born 1982, at 16 I had a '74 MK1 Escort, 18 an '82 Chevette. Even now. Own an '04 Maserati. I really struggle to find anything in the modern era that is remotely appealing. Speaking to young people today they generally just want reliability and associate old cars with being expensive and problematic. Ironically I'm generally priced out of most classic cars I actually want and have owned previously.

@@russellbird7543 I grew up with escorts cortinas granadas and xr2 and when I speak to my own kids they don't want an old unreliable classic they only want new cars that won't give them problems where as I have a old 4x4 that I like to tinker with at the weekends

You said it for me.

Even if they are they can't afford them anyway. People are absolutely mad if they think that the cars they coveted in the 80's and 90's are going to be worth anything at all in another decade.

@Vincent-jl6vu I have grown up kids who have no interest in classic cars they only want reliability

Agreed, they were pretty average when new

This is ridiculous. I grew up in the 1980's dreaming of the top 1930's car. I did like the Rolls-Royce and Bentley models in production in the 80s because they reminded me of the 30's. You don't need to have been born in the 1930's to appreciate a Duesenberg J or Mercedes 540K or Bugatti Type 57. Am looking for your theory that people only like what they grew up with to be validated so I can buy myself a Bugatti Type 57 Atalante (these have gone from about $300,000 in the early 2000's to 2 million now, so they don't seem to be going down) for $120,000. Nobody wants them anymore, right, they weren't born in the 30's, so a Bugatti T57 means nothing to them.

@@stephaneaderca7948 As I said it's a generational thing & appreciation & a desire to own a car from a certain era are two different things. Take me for example I was born in 1959 & my first car when I was 17 in 1977 was a '59 2dr. Impala hardtop, why ?? because I remember those cars as a kid when they were everywhere & I liked the style of that year so it was nostalgic to me. Back then the 59 Chevy's were cheap & I wanted the car because of the style & not for an investment I didn't care if anyone liked it. The '59 Chevy's were loved & hated & I didn't care if it was going to rise in value or not. I bought it because I was passionate about that car. I appreciate the 30's & 40's cars because it was my dad's era he grew up with & because of my passion for movies of the 30's & 40's but I never had a desire to own any of those cars. Although I like the early 30's with the rumble seats & running boards I toyed with the idea of experiencing it just once. Now's the time to buy the cars of that era as they've gone down in value because the generation that embraced the era are all dead. To put it in prospective in the 50's & 60's retired old timers & high rollers invested in the 20's, 30's & 40's cars that market was gone when that generation fell off the perch. Then a new generation of high rollers & retired old timers collected the '50's & '60's cars. Well guess what that generation are also dying off. Not saying that young people don't appreciate a 50's or 60's classic they probably do & maybe even dream of owning but those cars are so expensive now. What are they going to use for money ?? What was cheap & affordable when I was a kid is now so expensive. It's so much harder to get ahead with basic needs so expensive like a house & the cost of living. Young people don't have a ton of money to buy the classics a lot of those cars bring 6 figures at auctions like Mecum & Barret Jackson. Young people can't even pay for college & many are in debt with student loans they'll be paying off their entire lives. Today's society live in an economy run on borrowed money they finance everything to attain the american dream. Mortgage & car & credit card debt you name it they're up to their ears in debt. Many don't even pay cash anymore. When I was a kid in the '60's most people paid cash I never saw my dad use a credit card. In the 1950's he financed his first new '51 Chevrolet which he later gave to his dad I remember my grandpa driving it. Then in 1957 he bought a '57 Chevy Bel Air 4 dr. hardtop & he paid cash for it. I grew up with that car. My dad sold the '57 to a kid in 1968 for $250 bucks & the car was still mint. In 1958 he bought property & built a house completed in 1962 when we moved in & he paid cash. Back when the working middle class could get ahead. Today you have to be rich to get ahead. To have a car collection is not cheap you have find a safe storage facility to keep them in & that cost money. Classic cars & values are volatile like real estate & the stock market up & down. The high rollers & old timers to them the classics are just cattle & investment portfolios & it's not about the cars it's all about money & big business. I've owned 4 '57 Chevy's since the late 70's & early 80's & I used to make profit off those cars I had 2 dr & 4 dr hardtops. In 2011 I had a '57 Bel Air convertible & I lost money on it when I sold it in 2014 Then I bought a '57 Bel Air 2 dr. Hardtop & I lost money on that too. The baby boomers are dying off I'm part of a dying generation.The '57 Chevy's are not the top cashcows like they used to be. I just saw yesterday on facebook a 'nice 54 Buick Super Convertible for sale for $24,000 I'm thinking of buying it I used to have a '56 Buick Special convertible in the late 70's. I have a thing for the tri-five Buicks. They were much more rare than Chevy's. But I grew up with all those cars in my youth.

This is exactly correct. The fastest appreciating Market segment now is 80's and 90's cars. Jay Leno himself has discussed this on his TV show several times and is now showcasing 80s Vehicles because that's what younger people want to see. The same thing happened to the guys who in 50's and 60's were collecting model t and as because they loved them. The next generation collected the 50's and 60's car that were new then. Nobody wants a model t or a now. The market is changing and proces and demand reflect this

@@Suddenlyits196080s GM G-bodies, 71-76 Chevy Caprice, 1979-1990 Cadillac Brougham, are a huge market with the younger generation with high demand, I bought my 1984 Cutlass Supreme in 2019 and now in 2024 I’ve gotten crazy offers for it, I only see these cars go up in value by the year

Quite right. My bad.