Classic Car Values are Seeing Pre-Pandemic Surge Levels
Updated: May 5
If you own a classic car or cars you know how fickle the market can be sometimes regarding valuation standards.
According to Hagerty, classic car / truck / motorcycle values are seeing a resurgence to pre-pandemic levels. Here are some key insights into the collector vehicle market:
Over 40% of cars in the Hagerty Price Guide have gone up in value by more than 10% in the last year
Auction activity is back to pre-pandemic levels and optimism is at its highest point in seven years.
Owners of both mainstream and high-end vehicles increased insured values for the eleventh straight month.
Here is a Hagerty premier classic car valuation tool to help you navigate current market values: Value Your Car – Car Values | Hagerty Valuation Tool® (hagertyagent.com).
The Eric L. Ash Insurance Agency can help insure your classic auto. We have multiple carriers to help protect what's important to you.