Speed Academy runs a piece looking at what's driving the skyrocketing prices of air-cooled Porsche 911s. One theory is that Joe-the-Plumber owners are valuing their own high-mileage daily drivers according to the bubble-like prices being asked for pristine, low-mileage examples.
The new Hagerty Market Rating tool measures the overall strength of the classic car market, providing a wide view that counterbalances the headlines from frenzied auction sales. Using 15 data points from eight categories, including sales between private owners, it generates a single number from 0 to 100 to gauge the state of the market.
Canadian industrial design professor Bruce Thomson is on the hunt for a classic car, and he's chronicling the search in a novel way. Thomson is using his skill as an artist to sketch the vintage cars that he checks out and is posting driving impressions of them on his blog. He initially started looking for a Triumph TR6, but now a wide range of vintage European rides have been added to the list of possibilities.
Collector car insurance company Hagerty estimates that $1.3 billion in classic vehicles crossed the auction block in 2014 in North America, up slightly from 1.2 billion in 2013. About a third of that was just during the Monterey Car Week.
Terrence Steven McQueen, better known as Steve McQueen and even better known as the coolest actor of the 1960s and 1970s, originally purchased this car while filming Bullitt in San Francisco, which should provide a big boost to its sale price.
Many people dream of buying an iconic classic car and returning it to its former glory. Whether you're in high school or retired, the idea of a long-term restoration project can be romantic and exciting.
No word a lie, we here at AutoblogGreen are fans of classic cars. What we are not fond of, however, is the pollution that their inefficient engines create, and so it's great to see our old favorites lovingly up-cycled with electric drivetrains. The ZelectricBug is a beautiful example of how new, cleaner life can be breathed into an old Volkswagen Beetle.
Hagerty has announced its annual list of future classics, the 2014 Hot List. Naturally, these are some of the prettiest, fastest and most entertaining vehicles on sale. There are limits, though. You're not going to see a Ferrari LaFerrari or Rolls-Royce Wraith on this list, because Hagerty only considers vehicles with MSRPs below $100,000. Other requirements are that the vehicles are produced within the 2014 model year, although certain vehicles were considered if they missed out on previous Hot
Cuban citizens will be able to freely buy new and used cars for the very first time since the island country converted to communism in 1959. Previously, citizens were only able to buy and sell cars without government approval if they were built before the revolution, which accounts for the spectacular array of vintage American metal on the island, according to a report by Automotive News.
Over the span of its 49 years and five generations, the Ford Mustang has held a special place in the hearts of automotive enthusiasts in the US, but, as it turns out, this car is also very popular amongst European car lovers. Earlier this summer, AutoScout24 – a new and used car shopping site in Europe – polled around 75,000 European "car lovers" (not sure how they vetted the respondents) to see which cars were the most popular, and the Mustang came out on top over iconic European cl
There's always a financial risk with investing in collectibles – and that includes cars. They must be maintained and stored, which costs more money, and ultimately sold (they're investments, right?). On top of that, if they're driven, they can be damaged or just lose value with more miles. But lately, the rate of return from investing in some collectibles – particularly classic cars – has been much higher than that of traditional investments, The Economist reports.
It won't be long now until greens crews have replaced impossibly rare and expensive metal on the links at Pebble Beach and The Quail, transporters have packed up hundreds of millions of dollars worth of motorsports history and exited the paddocks at Laguna Seca, and scads of auctioneers are nursing hands sore from gavel banging and record-profits-inspired high-fives. All in, it's been one hell of a week here on the Monterey Peninsula.
A concours d'elegance (French for "parade of elegance") is a high-zoot, high-buck display of mostly pristine historic and collectible automobiles, most of them unaffordable to most of us. Probably the best known such events in the US are the nose-in-the-air Pebble Beach Concours in Monterey, CA, the younger, fresher Amelia Island Concours north of Jacksonville, FL and the Meadow Brook Concours in suburban Detroit.