With all due respect, classic cars are an older man's game. Or they used to be, at least. For the first time, Gen-X and Millennial enthusiasts have now outnumbered pre-boomer and baby boomers.
This information comes from Hagerty, a popular insurance agency for classic vehicles. According to data findings released on Tuesday, the two earlier generations have requested more vehicle values and classic car quotes than the older generations, at an approximate 53 percent to 47 percent.
Unsure which one you are? If you're born before 1946 (about 72 years old), you are considered a Pre-Boomer. If you are born after that, but before 1964, (70 to 53 years old) you are considered a Baby Boomer, the generation resulting from the post-WWII rise in childbirths. Between 1965 and 1985 (52 to 33 years old) is Generation X, commonly referred to as Gen X. Then there are Millennial, currently in the young adult range. The formal year range is not commonly decided on, but most people consider it to be between the mid to late 80s and the late 90s. Everyone after that is currently considered either Gen Z or unclassified.
In modern media, Millennial are commonly portrayed as non-traditional snobs of culture, who are often "killing industries" for diverting from norms of living, such as home cable and sitdown restaurants. It's unexpected to hear that they'd be a part of the classic car majority.
Hagerty remarked on the major shift in population ages. The younger generations are a massive chunk of the country. But despite their younger age, they still are holding an interest in older vehicles, such as the Ford Mustang and Chevrolet Camaro. They also noted that said interest stops at the war. Earlier generations have shown little interest in pre-war models compared to pre-boomers.
They solidify this claim by stating that the Ford Model A, the 1927 vehicle, is the most popular classic car by pre-boomers, while it's only the 38th most popular car for Millennials. Meanwhile, every generation has shown a significant interest in late 1960's vehicles.
Hagerty also remarked on an interesting distinction between generations. Millennials have shown a major jump in interest for Japanese cars. They were four times more likely to quote a Japanese car than a pre-boomer was.
This is a sign of changing times. It's interesting to watch it happen.
Gen X, Millennials are Taking Over the Classic Car Game
Posted By: LizardRock | 0 Comment(s)
Posted On: Dec 13, 2018 @ 03:20 PM