A model of this text first appeared in CNBC’s Inside Wealth e-newsletter with Robert Frank, a weekly information to the high-net-worth investor and shopper. Enroll to obtain future editions, straight to your inbox.
The energy within the classic-car market is anticipated to proceed in 2026 as a brand new era of collectors revs up demand, mentioned the CEO of Hagerty.
Auctions and on-line gross sales of collectible automobiles surged 10% in 2025 to $4.8 billion, in accordance with Hagerty, the classic-car insurance coverage firm and collector platform. Hagerty CEO McKeel Hagerty mentioned primarily based on the gross sales pipeline and exercise within the personal classic-car market, demand seems sturdy for subsequent 12 months.
“We have seen loads of momentum on the personal facet,” Hagerty informed CNBC. “We’re seeing loads of personal transactions happen of very vital automobiles, of all types, of all ages. We’re trying ahead to 2026.”
The largest driver is a brand new era of collectors. As child boomers age out of the market and downsize, members of Era X, millennials and Gen Zers are taking up and redefining the market. They’re extra comfy shopping for on-line, with on-line classic-car gross sales surging 12% this 12 months to $2.5 billion, in accordance with Hagerty.
Youthful patrons additionally need youthful automobiles. The Nineteen Fifties and ’60s sports activities automobiles which have lengthy dominated the classic-car market are being changed by high-performance supercars of the ’90s and later. Ferrari F40s and F50s, Bugatti Veyrons and Chirons and McLaren F1s, together with Paganis and Koenigseggs are among the many most sought-after prizes right this moment.
Hagerty mentioned that as a result of lots of right this moment’s supercar makers are additionally rising manufacturing, provide will stay sturdy.
“You suppose Ferrari, Porsche, all of them simply appear to be setting file gross sales numbers yearly,” he mentioned. “That is the way forward for what individuals will likely be shopping for, and so they’ll be accumulating and so they’ll cling on to them. So we like that because the tail wind.”
The nice wealth switch will even shake up the business, as a wave of older automobiles owned by child boomers are handed right down to the subsequent generations. An estimated $100 trillion is anticipated to be inherited by spouses and households by 2048, in accordance with Cerulli Associates. The quantity consists of actual property, collectibles and different onerous belongings.
“A few of that will likely be automobiles,” Hagerty mentioned. “These households must determine in the event that they wish to hold it, do they wish to put it in a storage? Do they wish to promote them? I feel it is actually simply starting.”
McKeel Hagerty, CEO, Hagerty on the NYSE December 6, 2021.
Supply: NYSE
For these in search of good investments in right this moment’s classic-car market, Hagerty simply printed its Bull Market Listing. The annual rating makes use of Hagerty knowledge to seek out automobiles which can be good worth, enjoyable to drive and prone to enhance in worth as a result of sturdy demand — or as Hagerty says, “candy buys for the 12 months forward.”
The checklist consists of the dear 2004-2007 Porsche Carrera GT (sometimes over $1.5 million), the 1969-1972 Alfa Romeo GTV (sometimes $50,000 to $150,000) and the 1999-2005 Mazda MX-5 Miata (often $9,000 to $26,000).
In the long run, Hagerty mentioned the classic-car market is in the end powered by wealth creation. With inventory markets poised for his or her third 12 months of double-digit progress and rates of interest falling, he mentioned collectors have loads of gasoline to maintain shopping for.
“They’re feeling fairly good about their private stability sheets,” he mentioned. “They log into their accounts and see their portfolio is doing OK. Individuals, I feel, are feeling that energy to have the ability to go on the market and make these purchases.”
