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Hagerty Says Affordable Classics’ Values Are at an All-Time High

The category of affordable classics was the only index of the seven that Hagerty tracks to have risen in average value over the past eight months. Hagerty’s vice president of valuation services. The other Hagerty indices are muscle cars, blue chip cars, 1950s American automobiles, Ferraris, German collectibles, and British cars. Values for high end collectible cars have been on the rise for years. Lately, the market appears to have softened, but that hasn’t diminished the appetite of collectors. Values of affordable collector cars continue to rise.

Key Takeaways:

  • Values of affordable collector cars continue to rise, according to specialty insurance company Hagerty, which insures more than a million classic and collector cars.
  • According to Rabold, many would-be buyers of higher-end collectible cars appear to fear getting in at the top of the market, but they still have an itch to buy a classic.
  • Hagerty’s “affordable classics” value index, which tracks vehicles from the 1950s through the 1970s that are priced under $40,000, is at an all-time high.

“Values of affordable collector cars continue to rise, according to specialty insurance company Hagerty, which insures more than a million classic and collector cars.”

http://blog.caranddriver.com/hagerty-says-affordable-classics-values-are-at-an-all-time-high/