Classic Car Auctions Reach $4.8 Billion, Strong 2026 Outlook
Classic car Market Poised for Continued Growth in 2026
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The classic car market is expected to maintain its strength through 2026,fueled by a new generation of collectors,according to Hagerty CEO McKeel Hagerty. Auctions and online sales of collectible cars surged 10% in 2025, reaching $4.8 billion, signaling robust demand.
Shifting Demographics and Buying Trends
A key driver of this continued growth is the transition of collectors. As Baby boomers age and downsize, Generation X, Millennials, and Gen Z are entering the market, bringing with them new preferences. These younger buyers are more cozy with online transactions, contributing to a 12% increase in online classic car sales, totaling $2.5 billion in 2025.
This generational shift is also influencing the types of cars in demand. While 1950s and 60s sports cars traditionally dominated the market, younger collectors are increasingly interested in high-performance supercars from the 1990s onward, including models like the Ferrari F40 and F50, Bugatti Veyron and Chiron, McLaren F1, Pagani, and Koenigsegg.
Supply and the Wealth Transfer
despite the rising demand for these newer supercars, Hagerty notes that supply is expected to remain strong, as manufacturers like Ferrari and Porsche are achieving record sales numbers. This increased production will provide collectors with more options.
furthermore, the impending wealth transfer – an estimated $100 trillion expected to be inherited by spouses and families by 2048, according to Cerulli Associates – is poised to significantly impact the classic car market. As Baby Boomers pass down their collections, families will decide whether to retain or sell these assets, perhaps injecting a new wave of cars into the market.
Hagerty’s Bull Market List
Hagerty recently published its Bull Market List,identifying cars that offer good value,driving enjoyment,and potential for price appreciation.The list includes a range of vehicles across different price points:
| Vehicle | Typical Price Range |
|---|---|
| 2004-2007 Porsche Carrera GT | $1.5 million+ |
| 1969-1972 Alfa Romeo GTV | $50,000 – $150,000 |
| 1999-2005 Mazda MX-5 Miata | $9,000 – $26,000 |
Positive Economic Outlook Fuels Demand
Hagerty believes the classic car market is fundamentally driven by wealth creation. With stock markets experiencing growth and interest rates declining, collectors are feeling financially secure and are more inclined to make purchases. As Hagerty stated, collectors are “feeling pretty good about their personal balance sheets” and are confident enough to invest in these assets.