Why are people so obsessed with classic cars?
What makes us love the classics? It’s actually not that hard to figure out – there are a lot of reasons, really. Perhaps it’s the feeling of nostalgia that accompanies them – the idea that these vintage cars are part of history and cannot be replicated. Perhaps we feel like they’re the best physical representations of things we once loved (or still love) back then – from old cartoons to specific movies, classic cars represent so much more than just means of transport.
Sometimes they are our first doorway into things like mechanics and engineering, as well as the automotive industry. We keep them at a higher level because they are special and unique, even compared to other cars of similar age. It’s hard to explain why exactly these things are so important, but you know it when you see and drive a classic car.
The history that accompanies classic cars
Classic cars are more than just a means of transportation; they are a symbol of history and an expression of personality. Much like contemporary art, they are a form of self-expression where the owner can transform their car into a reflection of their personal style and taste.
The way we perceive our cars has changed a lot over the years. Our cars are no longer just an object that transports us from point A to point B, but rather an extension of who we are. They allow us to express ourselves through the vehicle we own.
Nostalgia: they remind people of a simpler time in life and make them romanticize that time
Many cars from the golden age of motoring are instantly recognizable, even to people who don’t follow cars at all, simply because they were so popular for so long. Most of us have fond memories of our grandparents owning one when we were growing up or maybe even owning one when we were younger. Whatever memory we have of these cars is a happy memoryand that’s why we love them so much.
There aren’t many left. The classic cars racing today are the survivors of those built in the golden age of sports cars. As they disappear, they are replaced by replicas and modern sports racing prototypes (eg the LMP1 class) designed to go around a race track as quickly as possible. You can go buy a new LMP1 car today, but you’re probably not going to find a Original Porsche 917 for sale at concession.
It’s a good investment
There are good investments and there are bad ones. But if you put your money in this particular asset class, you can at least enjoy yourself while it goes up in value.
The asset class we are talking about is obviously classic cars. It has a lot of fans, and they have good reason to love it – the annual Historic Automobile Group International (HAGI) index shows that the values of the most sought-after models have increased by almost 400% in the last 10 years , compared to 100% for gold and 165% for the S&P 500 during the same period.
So in terms of investments, there are so many people who go to great lengths to invest in classic cars. It doesn’t end there, because one thing most classic cars require of any owner, whether it’s someone who wants to keep the car in their garage or someone who wants to sell the asset, they do well their research when it comes to ensuring full longevity – so if you are also considering investing in a classic car or buying one for yourself, the idea of insure the classic car should be part of your plans.
Driving a classic car is an experience in itself
Classic cars are often associated with adventure, and when you think about it, it’s not hard to understand. After all, cars ruled the roads in an era when gas was cheap, the open road was king, and men like Steve McQueen raced in cars like Mustangs and Porsches.
But there’s more to classic car culture than just nostalgia. Driving a classic car is an experience in itself – they behave differently than modern cars (even other vintage cars), they have a very distinct look and they definitely turn heads when on the road.
Again, it’s hard to explain and determine why people are so obsessed with vintage cars. For some, it’s the comfort of driving a classic car rather than a modern one. Others will say classic cars are more fun and responsive to drive. For most people, however, it comes down to the attention they receive every time they take their classic car on the road. Tell us what is your reason for loving classic cars?