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Millennials are getting into classic cars. YPulse’s new Driving Forward trend report found that COVID has actually increased young consumers’ interest in cars—and that could translate to classic cars too. According to a survey from insurance and car culture company Hagerty, Gen Z and Millennials are actually more likely than older generations to own a classic or collectible car with a quarter of Millennials saying they owned one and 22% of Gen Z reporting so. (Although Boomers are most likely to be “true collectors” who actively go to car clubs and attend special events like car shows and auctions). Over half of young people are interested in owning a classic car, showing a potential growth for the industry. (ClassicCars.com Journal, Motor Authority) |
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