Japanese and German Performance Lead the Way With Young Buyers
There’s no avoiding it—tastes evolve over time. As the generational transition among enthusiasts and collectors continues, so, too, does the march of certain cars into and out of the spotlight. Sometimes, it’s cause to celebrate a fresh round of enthusiast rides getting the recognition they deserve; others, it’s a reminder to share the joys of older models in danger of fading from view. Here at Hagerty Insider, we seek to cover this topic’s many angles, but always with some foundation in the data we observe.
Though for many, this headline likely comes as no surprise, the data do help turn anecdotes into more concrete form—they show precisely where interests lie among buyers under 40. We took a look below at the rolling 12-month average of the share of insurance quotes sought from buyers under 40 for 21 popular collector cars. Here’s what we found.
You may have heard that “Miata is always the answer,” and while the first-generation Miata is a sought-after ride, when it comes to popularity among young collectors, it’s the Nissan Skyline GT-R that’s almost always the answer. For every modern generation of the Nissan Skyline, the share of buyers under 40 healthily exceeds their 27 percent share of the overall collector market. Unsurprisingly, the Mk IV Toyota Supra also occupies a top spot on this list.
German hardware is similarly popular. Two generations of M3, the once-ubiquitous 1995-99 second-gen E36 (49 percent) and the 2007-13 fourth-gen E9X (61 percent) rate as favorites, while Porsche’s 944 also sneaks in at ten percentage points above the under-40’s 27 percent market share.
There’s another side of this coin, but the fact that some collector cars haven’t garnered the attention of the under 40 crowd isn’t a death knell for values or enthusiasm by any stretch.
Pony cars of varying ages find themselves essentially at even interest, and you’d be hard-pressed to find anyone who thinks that the Camaro or Mustang nameplates will fade into obscurity.
Two generations of Porsche 911s, the 993 and 997, despite being near-locks as future classics, haven’t attracted nearly the interest as the 944, much less the vaunted Skylines. In these instances, these data can serve as a flag to examine the causes (though the 2000-2006 Jaguar XKR might not be in the same league as the above 911s, the delta in interest is cause for analysis).
Compared to the 100-year-old Ford Model T itself, all buyers are young buyers. With that in mind, that a significant portion of its buyers are under 40 at all bodes well for the car, and the same can be said for the Model A.
While it’s well-known that enthusiasts gravitate towards the cars of their youth, this quick glimpse illustrates that there are surprising exceptions to that rule. Price, performance, usability, and mystique all shape the choices people make when looking for their next car to buy.
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I like a wide variety of classics. Typically, I’m looking at a ‘36 Ford one minute, and a 356 Porsche the next, and every thing in between. Old Asian stuff are my latest distraction, most are so simple, plenty of parts and very reliable.
Give me a good old North American V8 car over any import any day. I may be old school at 69 years young, but as the saying goes, ya dance with who brung ya.
Variety is the spice of life. I have owned cars from 6 different countries. Each different in purpose from the other, some great keepers and others not so much. They varied from family hauler to just plain old fun for the two of us. British, Japanese, US, Sweden, France, and Germany. If money were no object, I would love to have a restored BMW 2002tii and an Italian car. I wish I had kept the RX-7.
At least they are interested in cars!
I was a little surprised that there were no Audis on that list. At 75 years young I have 2 of my favorites from the 60s when I became old enough to drive in my collection. first is my 57 Belair, and the other is a 64 Fairlane Sport coupe. Since there isn’t much to choose from that is made in the US other than SUVs and pickups my daily driver is a 2018 Audi S4 with a stage 2 tune. It is by far the most fun-to-drive car that I have ever owned. With around 450 hp and AWD it handles in the twisties like a Porsche and is pretty quick on the strip as well (12.26) and still gets around 20 mpg in town and around 30 mpg hwy. I have decided that Germans definitely make great cars. It has the top Prestige trim as well so lots of luxury and gadgets to keep me happy.
I have been about the all mighty V8 too. I have also been taught several lessons that the the V8 isn’t all that on the street and strip. There are options now shown to me by my son and his friends. I like learning new and embrace change. I am not bitter thinking the world is ending that a Honda Civic can smoke my heavily modified 390 AMX. I daily drive the Civic.