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Hagerty is bullish on these classic investment vehicles for 2021
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Just like Wall Street, the classic car trade has its ups and downs, with investment vehicles coming in and out of favor over the years.
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There are some blue chips that are in it for the long haul, like ultra-rare Ferraris and Le Mans-winning Fords, but the values of most fluctuate quite a bit with the demographics of the buying pool. A recent survey found that Gen Z is now the most interested in buying a collectible ahead of Millennials, Gen X and the Boomers that started this whole craze.
The one big difference is that unlike a share of Tesla, you can drive a classic car to get some money’s worth out of it, regardless of what the resale value ends up being.
That said, no one wants to lose anything on a major purchase, so the folks at Hagerty Insurance have analyzed the trends to create its Bull Market list of cars, trucks and a motorcycle to watch for in 2021. Factors like recent price changes, web traffic, quote values and the total number of quotes were all considered.
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Hagerty isn’t making any hard performance predictions – so buyer beware — but has chosen a mix of under the radar vehicles, former hits seeing a resurgence in interest and relatively new models that have turned the corner on depreciation and are ready to appreciate while you appreciate them.
2011–12 Lexus LFA