Hagerty Insurance, the world’s leading insurance provider for classic vehicles, claims vintage SUVs are going to be the next big thing in car collecting as they are rapidly gaining in popularity among enthusiasts.
The Michigan-based insurance company points out that the niche segment of vintage Sport Utility Vehicles sold at auctions has grown 65 percent since 2008. According to our source, the most popular classic SUVs choices include Toyota Landcruisers, Jeeps, Ford Broncos and International Scouts built in the 1960s through the 1980s.
Furthermore, sales analysis of more than 15 major auction houses have shown that classic SUV values have risen about 31 percent over the last five years.
"With so many young collectors opting for modern SUVs as their daily drivers, we're seeing a shift in perception of what makes a vehicle cool," says McKeel Hagerty, President and CEO of Hagerty. "Broncos, Land Rovers and other similar vehicles from the '60s and '70s were, for the most part, once seen as utilitarian. But vintage SUVs are becoming more and more collectible, and it appears that trend will continue. This is a great time to get into this segment of the collector car market."
Furthermore, sales analysis of more than 15 major auction houses have shown that classic SUV values have risen about 31 percent over the last five years.
"With so many young collectors opting for modern SUVs as their daily drivers, we're seeing a shift in perception of what makes a vehicle cool," says McKeel Hagerty, President and CEO of Hagerty. "Broncos, Land Rovers and other similar vehicles from the '60s and '70s were, for the most part, once seen as utilitarian. But vintage SUVs are becoming more and more collectible, and it appears that trend will continue. This is a great time to get into this segment of the collector car market."