According to Haggerty, one of the leading insurers for classic cars, the car collector market became younger and much larger during 2021. Understandable facts, considering COVID pandemic boredom, record savings rates and a shortage of new cars available to the public markets last year.
Prices increased dramatically for many classic cars during 2021. For example, according to Car Gurus, a 2000 Porsche 911 average price rose close to 20 percent year over year as of this writing. Recent prices seem to be softening a bit due to higher interest-rates, inflation and some of the uncertainties brought on by the Russian invasion of Ukraine.