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HGTY
CNBC
6 hrs

Classic-car market poised for strong 2026, says Hagerty CEO

1. Classic-car market expected to thrive in 2026 due to new collectors. 2. Online sales of collectible cars rose 12% to $2.5 billion in 2025. 3. Younger buyers prefer high-performance supercars over older classics. 4. Wealth transfer may impact classic car ownership decisions in future. 5. Overall, rising wealth encourages continued investment in classic cars.

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Why Bullish?

The anticipated growth in classic car demand suggests a promising market outlook. Historical trends reflect similar rebounds in collectible sectors when wealth rises.

How important is it?

The article highlights market trends that directly relate to HGTY's operations in collectible vehicles. The strong demand signals positivity for HGTY's business model.

Why Long Term?

As new generations begin collecting, sustained demand growth is likely. Long-lasting trends in wealth transfer and changing preferences suggest enduring impact.

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