Classic collectors on the rise
Image: matmaxx, 2012
The number of people who buy classic cars as part of a collection hobby is growing, with a 65 per cent increase registered since 2008 by the Hagerty Price Guide, according to Bloomberg.
In addition, more people are turning to classic cars as a form of investment, with rare and exotic models, like Ferraris and the Jaguar XJR, actually proving to be less popular on the whole than more common classics, such as those bearing a Ford or Chevy badge.
Spokesperson, McKeel Hagerty, explained that American buyers are particularly keen on vintage trucks, in part because they are easy to maintain and parts are readily available, but also because they have a fashionable factor at the moment, that makes them quite the talking point.
Auctions held over the course of January in Arizona were able to generate $223.8 million, which is almost a $40 million increase in revenues seen during the same period in 2012.
The humble Ford Bronco has seen its price skyrocket in the past five years, up to $25,000 from almost $16,000 back in 2008, according to Hagerty. Whatever your taste, it seems now is the right time to start collecting classics.