Bloomberg recently published a feature story called The 10 Cars You’ll Want to Consider Investing In Next Year that announced the fun if somewhat meaningless Hagerty 2021 Bull Market List. More interesting was the end-of-year update about how the collector market performed in 2020, a year like no other.
While new cars have slumped, collector cars boomed through the Year of the Pandemic. Lots of free time combined with a proliferation of online auction sites resulted in a boom year. "A lot people had more time, they weren't traveling, they weren't leaving the house. You could just sit in front of the computer and shop. All of that conspired to make 2020 really strong," said Hagerty VP Brian Rabold. The Hagerty team is predicting that 2021 will pick up where 2020 left off.
Hagerty's 2021 list highlights ten cars that they expect to have double-digit growth in 2021. Here's what they came up with:
Okay, I gotta admit: That's a pretty fun list. It was a pleasant surprise to see four Japanese cars showing that those cars continue to gain popularity with collectors. (That S600 is a neat looking car!) Can't decide what I'd buy today, but I was really pleased to see that Audi TT on the list. I thought it was an instant classic when it hit the scene when were still sweating Y2K. Still a design that looks great!
“The Testarossa and the Jag have come down in value since 2017, and they’re on the rebound,” Rabold said. “They’re quite cyclical, so just like the 911 Turbo, it can go up in value and then lose some of its heat, come down, and then all of a sudden it looks like an opportunity.”
Got any winners or losers that you see? Shoot me a note at chris@collectorpartexchange.com, I'd enjoy hearing what you think.
