{"id":12624,"date":"2020-07-02T19:45:14","date_gmt":"2020-07-03T02:45:14","guid":{"rendered":"https:\/\/www.westerndriver.com\/?p=12624"},"modified":"2020-07-02T19:46:07","modified_gmt":"2020-07-03T02:46:07","slug":"hagerty-releases-interesting-north-american-collector-car-data-trends","status":"publish","type":"post","link":"https:\/\/www.westerndriver.com\/?p=12624","title":{"rendered":"Hagerty releases interesting North American collector car data trends"},"content":{"rendered":"<div>\n<div id=\"attachment_12625\" style=\"width: 310px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12625\" class=\"size-medium wp-image-12625\" src=\"https:\/\/www.westerndriver.com\/wp-content\/uploads\/2020\/07\/Ferrari-300x140.jpg\" alt=\"\" width=\"300\" height=\"140\" srcset=\"https:\/\/www.westerndriver.com\/wp-content\/uploads\/2020\/07\/Ferrari-300x140.jpg 300w, https:\/\/www.westerndriver.com\/wp-content\/uploads\/2020\/07\/Ferrari.jpg 360w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-12625\" class=\"wp-caption-text\"><em>1962-1964 Ferrari 250 GTO (Gran Turismo Omologato), considered by many to be the best and most beautiful sports car in the world.<\/em><\/p><\/div>\n<p>Tom Cochrane said it best: \u201cLife is a highway, I want to ride it all night long.\u201d<\/p>\n<\/div>\n<div>More that ever, these lyrics are ringing as Canadians rediscover the love, and passion of the drive amid COVID-19 restrictions lifting.<\/div>\n<div><\/div>\n<div>During these unprecedented times, the driving experience has transformed from commuting to being a source of freedom, escape and entertainment, with cars playing a heartwarming role in birthday, wedding and graduation celebrations.<\/div>\n<div><\/div>\n<div><\/div>\n<div>With the advent of summer, it comes as no surprise that 1 in 3 North Americans are planning on taking road trips this year for their vacation or getaway adventure.<\/div>\n<div><\/div>\n<div><\/div>\n<div>There is no doubt, that nothing resonates more with the nostalgia of road trips than classic\/collector cars. This is why, leading up to <b>Collector Car Appreciation Day (July 10th)<\/b>, Hagerty Insurance has released interesting data regarding collector cars and a massive shift in the market showcasing the new trend.<\/div>\n<div><\/div>\n<div>Highlights of Hagerty&#8217;s insights include:<\/div>\n<ul>\n<li dir=\"ltr\">\n<div>Millennials are the fastest-growing demographic of car collectors with a 76% increase in market share over the past five years.<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>57% of collectible car owners are baby boomers (1946-1965)<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>78% of collectible car owners live on the East Coast (ON, QB, NL, NS, PE) and 20% live on the West Coast (BC, AB)<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>The most popular collectible car is the 1965-1966 Ford Mustang<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>The most expensive collectible car is the 1962-1963 Ferrari 250 GTO SI with a Hagerty Price Guide condition 1 value of $66,000,000 as of May 2020<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>Through the years: the most popular collectible cars over the last five decades include:<\/div>\n<ul>\n<li dir=\"ltr\">\n<div>1920s Ford Model T<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>1930s Ford Model A<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>1940s Ford Deluxe<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>1950s 1955-1957 Chevrolet Bel Air<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>1960s 1965-1966 Ford Mustang<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>1970s Chevrolet Corvette (C3)<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>1980s Chevrolet Corvette (C4)<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>1990s Ford Mustang (Fourth Generation SN-95)<\/div>\n<\/li>\n<li dir=\"ltr\">\n<div>2000s Chevrolet Corvette (C5)<\/div>\n<\/li>\n<li dir=\"ltr\">2010s Dodge Challenger<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>Currently, the most sought-after and also most popular collectible car of all time is the 1965-1966 Ford Mustang.<\/li>\n<li>The most expensive collectible car is the 1962-1963 Ferrari 250 GTO SI, with a Hagerty Price Guide condition 1 value of $66-million US as of May 2020.<\/li>\n<li>79% of collectible cars are U.S.-made, 21% are foreign.<\/li>\n<li>9.3% of today&#8217;s cars are becoming new classics (or about 490,000 per year in North America).\n<ul>\n<li>Future classics will be vehicles that resonate with theirs owners in some way and stand-out from indistinct vehicles simply designed to get people from A to B.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tom Cochrane said it best: \u201cLife is a highway, I want to ride it all night long.\u201d More that ever, these lyrics are ringing as Canadians rediscover the love, and passion of the drive amid COVID-19 restrictions lifting. During these unprecedented times, the driving experience has transformed from commuting to being a source of freedom,<a class=\"excerpt-read-more\" href=\"https:\/\/www.westerndriver.com\/?p=12624\">Read Full Story<\/a><\/p>\n","protected":false},"author":2,"featured_media":12625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[108,48,40,130],"tags":[32],"class_list":["post-12624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-classic-cars","category-collector-hobby","category-ferrari","category-hagerty","tag-slider"],"_links":{"self":[{"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=\/wp\/v2\/posts\/12624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12624"}],"version-history":[{"count":2,"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=\/wp\/v2\/posts\/12624\/revisions"}],"predecessor-version":[{"id":12627,"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=\/wp\/v2\/posts\/12624\/revisions\/12627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=\/wp\/v2\/media\/12625"}],"wp:attachment":[{"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westerndriver.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}