collector cars News

Hot Oldies, But Goodies in Collector Car Market for 2023: Hagerty

Classic car buyers in 2023 will want a diverse range of vehicles, including microcars, muscle cars, sport cars, and even exotics, according to specialty insurance provider, Hagerty. Hagerty released its 2023 U.S. Bull Market list, an annual collection of enthusiast …

Repair Work to Begin on Prized Corvette Damaged by Kentucky Sinkhole

A Kentucky museum says a prized Corvette still covered in dirt and debris from its 2014 fall into a sinkhole has been moved from display to undergo repairs. The National Corvette Museum in Bowling Green says restoration work on the …

How Social Media Enhances Value of Luxury Cars

David Beckham may have more of an influence on you than you think. According to analysis by Black Book, the prevalence of modern and classic luxury cars on social media platforms like Instagram directly influences their resale value. So when …

Premium for Most Expensive Car Close to Income for Typical American Family

A Ferrari 250 GTO Berlinetta last week became easily the most expensive car sold at auction by when a bidder at a California auction agreed to buy it for $38.1 million, according to Hagerty Group LLC, a Traverse City, Michigan-based …

Sinkhole Collapse Damages Corvette Museum in Kentucky

A sinkhole collapsed part of the National Corvette Museum in Kentucky on Wednesday, damaging eight there but not shutting down the facility. Museum spokeswoman Katie Frassinelli said six of the cars were owned by the museum and two — a …

EPIC Expands into Vintage Auto, Racing Industry

EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has formed a new division, EPIC Motorsports. Operated by EPIC’s own collectors and racers, this division provides customers with insurance assistance for collector cars, racing, and …

Hagerty Classic Car Insurance Now Available to Canadian Brokers

Hagerty Insurance Agency, the specialist provider of collector vehicle insurance, announced that as of April 24, 2012 its subsidiary, Hagerty Canada, LLC, will make similar coverage available to all brokers in Canada. The policies will be underwritten by Aviva Canada …