Instant Quote

Boomer Influence on Today’s Classic Car Market

 
Baby Boomers are creating a big boom in classic car enthusiasm. With nostalgia for old favorites and a hunger for newer instant-classics, Boomers have been supporting our thriving classic and collector car community for … ever, it seems. Of the 5 million classic cars in the U.S., 58% are owned by Boomers – typically defined as anyone born between the years 1945 and 1964. So, what happens now, as they retire and reassess their lives? The oldest Boomers are in their 70’s. Many are starting to whittle down their possessions in favor of smaller living and beefing up new interests such as traveling and unencumbered leisure. That’s terrific news for collectors: with Baby Boomers selling off their collections, the market is full of precious classics at good prices.

New Meaning of “Classic”?

A shift is surely happening in the classic car market. As Baby Boomers age, Gen Xers inherit cars while Millennials decide whether collecting is right for them. Gen Xers tend to define “classic cars” similarly to Boomers. Millennials, on the other hand, are showing an interest in non-traditional interpretations. Some like luxury SUVs - the Land Rover Defender “classic.” Many are finding a deep love for long, boat-shaped beauty “classics” like the Cutlass Supreme. Still others can’t get enough of Mazda “classics.” And many young collectors simply enjoy finding hidden treasures among the castaways of previous generations. All seem to be creating a new meaning of “classic.”

Classic Millennial Interpretation

Some say Millennials’ interest in traditional investments like classic cars is like “meh.” Not all are blasé, though. Sure, some children of Boomers are less enthralled by old cars in general, but that’s primarily because their interest in spending cash, saving energy and protecting the environment is peaked at this stage in their lives. They’re not outright opposed to classic cars - in fact, many like award-winning British singer Ed Sheeran, enjoy driving them to capture a part of the American dream defined way before they were born.
 

The Collecting Future for Boomers

Baby Boomer-age collectors are curious about what will happen to the market in the next decade, with good reason. Many have hundreds of thousands of dollars invested in their treasured collections – and accoutrements like trailers, garages and the like. Experts have mixed opinions, but one thing is for sure: Many younger collectors have waning interested in newly-released models. Sleek new models don’t have the same cachet as the old classics and hard-to-find models. So, if you’re looking to sell in the coming years, you’ll likely find a hungry market of young collectors - perhaps not a huge market, but a competitive one, where your beloved classics can find a happy home.

Collector and Classic Car Insurance for Less

Classic car enthusiasts of all ages know the importance of protecting a valuable investment with specialty insurance. Let us customize a policy to fit your needs. We offer affordable, Agreed Value coverage for a variety of collector, classic and custom vehicles. Our friendly, knowledgeable staff can answer your questions and give you a quote on the spot. Call 888-901-1338 or get an instant quote online and see how we can help safeguard your dream car.
Posted: 8/16/2018 8:00:00 AM with 0 comments


Met Me in Monterey

 
Monterey Car Week 2018 spans nine glorious days from August 18 to 26 and hosts multitudes of car enthusiasts, families and friends who won’t get enough of all the antique, racing and lemon automobiles (yes, lemons!) on display throughout California’s Monterey Peninsula. A survey by the Monterey County Convention and Visitors Bureau finds the 85,000 Car Week visitors of 2014 generated an overall revenue of $53.5 million for area business as well as millions spent at charitable fundraisers. That’s a lot of money -not to mention a lot of traffic- to see classics and collectibles from around the world - including rare and one-of-a-kind cars you won’t see anywhere else.

Something for Every Enthusiast

Monterey Car Week centers around the Pebble Beach Concours d’Elegance, a signature event celebrating its 68th anniversary. The healthy range of Car Week highlights also includes historic race cars throttling it out at Laguna Seca and exclusive worldwide auctions in Pacific Grove to specialty car shows and one event “celebrating the oddball, mundane and truly awful of the automotive world” - the Concours d’Lemons. Whether you’re bidding at the actions, mad for historic racing or simply want to rub elbows with the classic and collector car elite, you’ll find what you’re looking for here.

Monterey Car Week Highlights

SATURDAY, AUGUST 18- SUNDAY, AUGUST 19
Rolex Monterey Motorsports Pre-Reunion
Beat the crowds by arriving early. Watch more than 300 vintage race cars going head to head at WeatherTech Raceway Laguna Seca.

TUESDAY, AUGUST 21
Classic Motorsports Monterey Kickoff Cruise-In at Pacific Grove
A kickoff party with prizes and a street celebration that dominates the downtown area.



Automobilia Monterey
The 16th Annual Automobilia International Expo is the largest automobilia show in America. The two-day event in an indoor setting allows buyers to find only original vintage posters, photographs, rally plates, badges and pins, hood ornaments, signs, original art, display items, scale models, literature and books, signed items, postcards, stamps and other unique memorabilia.
 


Carmel-by-the-Sea Concours on Ocean Avenue
Pre-1990 Ferraris and early model Porsches are featured this year.

Rule Brittania Concours

WEDNESDAY, AUGUST 22
Carmel Mission Classic Car Show & Blessing of the Automobiles
A charity event hosted at the famous Carmel Mission, this intimate concours is capped by a blessing of the attending cars by the Bishop of Monterey.



The Little Car Show
A wide assortment of itty-bitty automobiles ages 25 years or older, with engine size capped at an oddly specific 1,601cc (1.6 liters).

McCall’s Motorworks Revival
Pacific Grove Rotary Concours Auto Rally
Gooding & Company Pebble Beach Auctions
Gordon McCall's Motorworks Revival 2018
Russo and Steele Sports and Muscle Monterey Auction
Quail Lodge Auction
RM Sotheby’s Monterey Sports & Classic Car Auction


THURSDAY, AUGUST 23
Rolex Monterey Motorsports Reunion
Some of the best vintage racing action in the world.

Pebble Beach Tour d'Elegance presented by Rolex
Mecum at Monterey
Pebble Beach RetroAuto


FRIDAY, AUGUST 24
Porsche Club of America Werks Reunion Presented by Michelin
Open to all cars wearing the family crest, including brand-new sedans and SUVs.

Pacific Grove Rotary Concours Auto Rally
This non-competitive, low-speed event is perfect for seeing some rare cars cruising down the scenic 17-Mile Drive.

The Quail, A Motorsports Gathering
Some of the rarest and most dazzling classics in Monterey, sold out well in advance.

Legends of the Autobahn presented by Michelin
Hosted by the Nicklaus Club–Monterey and American Audi, BMW and Mercedes-Benz car clubs, it showcases not just enthusiast-owned vehicles, special cars from the respective automaker collections are on display.

SATURDAY, AUGUST 25
Concorso Italiano
Exclusive Italian car fest with Ferraris, Lamborghinis, Alfa Romeos, Maseratis and American oddities like the Cadillac Allante (due to its Pininfarina-built body).

Concours d’Lemons
Beer is the bubbly at this event, where lemony, unloved vehicles show their stuff. Eccentric counterculture that makes for a really fun time.

Exotics on Cannery Row
Nouveau-riche, young car enthusiasts have Insta-worthy moments with Koenigseggs, Paganis, Bugattis, and other four-wheeled unobtanium on display. Some of the coolest cars on the planet.

Festorics Exclusive Corral
Japanese Automotive Invitational
Ferraris at The Barnyard Shopping Village


SUNDAY, AUGUST 26
Pebble Beach Concours d’Elegance
Always on a Sunday.


Collector and Classic Car Insurance for Less
Classic car enthusiasts from around the world know the importance of protecting a valuable automotive investment with specialty insurance. Let us customize a policy to fit your needs. We offer affordable, Agreed Value coverage for a variety of collector, classic and custom vehicles. Our friendly, knowledgeable staff can answer your questions and give you a quote on the spot. Get an instant quote online or call 888-901-1338 and see how we can help safeguard your dream car.
Posted: 8/14/2018 8:00:00 AM with 0 comments


Benefits of Classic Car Club Memberships


Whether you’re just realizing your love of classic cars or have a garage full of rare automobiles, you’ve probably mulled over joining a car club. Some clubs are international with millions of members across the U.S. and other countries, while others are smaller groups intended for local gearheads only. Either way, car enthusiasts who are involved with car clubs all seem to be having a lot of fun.

Membership Has Its Privileges

What does membership to a car club afford? Many enjoy perks like invitation-only sneak previews to exclusive car events, free or discounted admission to car shows, official designations for your vehicles, subscriptions to automotive magazines and newsletters, free or discounted car products and services and discounts on insurance, depending on the club.
 

The Joy of Car Clubbing

For many more, being a part of a car club offers a plethora of opportunities for friendship, fellowship and learning. The social aspect holds big, big appeal for most car enthusiasts. We all try to explain our car love to uninterested friends or family members. Wouldn’t it be great to gather with like-minded folks who have your same level of enthusiasm? At a car club, everyone is there to share.

Robust Community Spirit

Car club members are part of a wonderful community of enthusiasts who not only have fun just talking about cars, they share their knowledge. You can get expert advice about your restoration and repair headaches, getting hands-on help from trusted techies and gearheads when needed. It’s also a fabulous arena for buying or selling vehicles, not to mention expanding your social circle and showing off your beloved automotive works of art to people who can appreciate them.

Club Options Around the Country

If you’re not sure which car club to join, start by looking at well-known national associations like Classic Car Club of America and Antique Automobile Club of America. National clubs typically include regional or local offshoots, so you may be able to join a group right where you live. You can also connect with a club that’s car-specific, like Corvette Club of America or Porsche Club of America or an online car club like Ford GT Forum. Some car enthusiasts find the right fit with ride-share clubs like Curvy Road, where members group-own extremely expensive cars and share the joy enjoying them. All it takes is a little research.

Choosing the Right Car Club

Which car club is right for you? It depends on your goals. If frequent socializing is your top priority, pick one with a full calendar of events near your home. If you’re just getting started and most high-end cars are outside your price range, you might have more fun with a ride-share club. If you can’t find the right club, start one yourself and gather a group of like-minded members. That’s the way the nation’s most successful car clubs started, too - from a place of genuine car love.

Collector and Classic Car Insurance for Less

Car club members know the importance of specialty policies like ours at Classic Auto Insurance, which protect your valuable investment for years to come. Do you know a car club membership could get you a 10% discount at Classic Auto? Let us customize a policy to fit your needs. We offer affordable, Agreed Value coverage for a variety of collector, classic and custom vehicles. Our friendly, knowledgeable staff can answer your questions and give you a quote on the spot. Get an instant quote online or call 888-901-1338 and see how we can help safeguard your dream car.
Posted: 8/9/2018 8:00:00 AM with 0 comments


Cars for the Collection of the Future



Classic and collector car enthusiasts are always on the lookout for the notable vehicles of today that could fill the collections of the future. Do these instant classics have anything in common? Glad you ask because they do. Tomorrow’s classic and collector cars tend to cost less than $100,000 when introduced to the public - putting them within range of most collectors’ pocketbooks. They deliver exceptional drivability and visual appeal. The classics of the future are true pieces of automotive art – aspiring to the classics of today.

Instant Classic Appeal

An instant classic possesses certain characteristics that you seek out when building a car collection with future appeal:
  • Undisputed under-the-hood excellence
  • Sleek, sophisticated, high-end design
  • Enjoyable day-to-day drivability, plus racing cred
  • Models that are the first of their kind or limited editions
  • Timelessness or, on the flip side, a quirky vintage look
  • Cars with a noteworthy place in automobile history
  • A throwback quality that makes car lovers yearn for earlier times
Here are our top picks for future classic cars, all produced within the past 15 years or so. Each holds a special place in history, making it a perfect candidate for the collections of the future.

Ford Mustang Shelby GT350

The good guys drive Mustangs in old movies and the good guys of the future are driving them, too. The Shelby GT350 honors the Carroll Shelby school of racing, a form of high-speed driving that captures the lifelong desires of many classic collectors.

Dodge/SRT Viper

Re-introduced after Dodge’s famous government bailouts and legal issues, this throwback-style Viper holds a memorable place in automotive lore. It reignites a burning love for the entire brand, reminding American car enthusiasts and daily drivers alike that Dodge still knows how to make your heart race.

Mercedes-Benz C63 AMG

Will the collectors of the future covet a beautiful, big-engined Benz like this one? We sure think so. Sleek and turbocharged, there’s something lusty about this luxury car. It purrs like a panther, ready to charge across the pavement with the best of the Benzes.

Porsche Cayman R/Boxster Spyder

For Porsche lovers, there’s just nothing else like a sleek, supercharged, high-end Spyder. This one makes our list for its hot Boxster style and satisfying drivability. Plus, from the moment of its unveiling, it exudes futuristic-ness.

Honda S2000

​Named to Car and Driver’s Annual 10 Best Cars four times, this zippy roadster seals Honda’s credibility as a manufacturer of everyday supercars. It’s powerful yet petite and will likely go down in history as having one of the best-designed engines of all time.

Lotus Elise/Exige

We’re betting that the exotic Lotus will be an exciting addition to the car collections of the future. It slides through turns like an extreme sportscar and stays outside the mainstream of the American automotive experience, with striking British charm.

Chevrolet Corvette 427 Convertible

Corvettes are the darlings of many-a-collection and this convertible has all the currency of the Z06, including the LS7 V-8 engine, with the steel chassis of the C6. “A short model run and the last large-displacement, naturally aspirated Corvette convertible?” says Cars and Driver’s Davey G. Johnson. “That’s collector-car gold, friends.”

Ford F-150 SVT Raptor

That’s right, we’re adding a truck to the list. Whether you’re a truck enthusiast or not, you’re likely to appreciate the rip-roaring Raptor. Ford tears up the truck market with this beast, which becomes an instant favorite and dominates the Baja 1000 desert race. While many Raptors never set a wheel off-road, this is a seriously hardcore truck for any four-wheeling enthusiast.

What do you think of the cars on this list? Do we miss your favorite future classic? Let us know in the comments.

Collector and Classic Car Insurance for Less

When you’re ready to invest in and protect the classics of the future, let Classic Auto Insurance customize a policy to fit your needs. We offer affordable, Agreed Value coverage for a variety of collector, classic and custom vehicles. Our friendly, knowledgeable staff can answer your questions and give you a quote on the spot. Get an instant quote online or call 888-901-1338 and see how we can help safeguard your dream car.
Posted: 8/7/2018 3:19:46 PM with 0 comments


Episode 4 – Axles, Ball Joints, Bearings and Gears

 

Episode 4 – American Modern’s Jon Adams and Derek Wolfe lead the Project C10 crew in taking apart the tired, old rear suspension and putting it back together again. They pull axles, press out ball joints, pop off dip covers and sand blast everything before installing new bearings and re-assembling the gear in preparation for a disc break conversion.

Episode 4 – Video Transcript


Rick Drewry: Here's what's next on Project C10.
 
Jon Adams, American Modern Adjuster – Collector Car: Hello, I’m Jon and we’re going to take the cross member, we’re going to take the old tired suspension completely apart and get everything ready for sand blasting, so we can make it all new and pretty again … piece of cake.
 
We just have to get the rubber bumpers off and then clean them up and then we’ll try to press out the ball joints.
 
We’re cutting out the riveted ball joint that can no longer be used because it’s kind of destroyed. So, we have to cut the rivets off, so we can get it out, so we can put a new one in.
 
Derek Wolfe, American Modern Adjuster – Watercraft: We’re pressing out the ball joint on the upper control arm. We’ll get these control arms blasted. We may use them again.
 
Right now, we’re removing and breaking down the rear end. We already popped the dip cover off, so we can pull these axles out. We’ll switch over from a six-lug to a five-lug axle.
 
We are doing away with the backing plate assembly, so we can make the disc brake conversion here on the back, pull the axles out – which again, have the six-lug axles going to the new five-lug axles.
 
Jon: Here is the gear, pretty sure it’s a 410-411. We got a pretty steep gear, which - you’re going to need it with the big tires and we’re going to have an overdrive transmission, so that it is all going to work in sync.
 
Derek: Alright, so we put our carrier assembly back in, after getting the bearings pressed on. We’re getting ready to load the axles, but we want to make sure it is all shimmed properly. So, we painted the gears here, so we can run the ring gear against the pinon. The first trial run before it got completely dry, looked like it left a nice pattern where it’s hitting the whole face of the gear perfectly fine. What you’re looking for is a nice consistent pattern where it is worn out. That way you can tell exactly where it’s hit. It looks like we’re making contact pretty much on the whole face of the gear.
 
We just got new bearings pressed on the new differential here, got everything lined back up and we’re getting ready to drop it back into the housing. There we go, beautiful. Now what we’ll do is we’ll run some paint on the gear surface, so we can make sure it’s tracking right. We’re going to put the clamps back in it, drop the sequence in it, after we get the axles in and we’ll button this thing up.

 

Legacy of Classic Auto Insurance

Classic Automobile Insurance Agency is a family business built on a love of classic cars. We take every opportunity to give back to fellow classic and collector car enthusiasts by sponsoring events such as Carmel Artomobilia and Fuelicious, attending classic car events throughout the Midwest to document owners’ stories of their dream cars, partnering with like-minded companies and organizations to better serve our customers and bringing you unique learning opportunities like Project C10, powered by American Modern. Having owned a variety of collectibles ourselves, we understand your unique needs as the owner of a prized vehicle. Its age, rarity, value, unique features, limited use, availability of parts and services and popularity across generations require special protection. Whether you bought it at auction, drove it off the lot or restored it to perfection in your garage, we will build you a personal auto insurance program designed specifically for owners of collectible cars, and provide support when claim time comes. Visit our website at www.classicins.com or call 888-901-1338 to learn more.
Posted: 8/6/2018 3:43:44 PM with 0 comments


American Modern Trusted Choice
Since 1992 Classic Automobile Insurance has been one of the top agencies protecting collector, classic and exotics cars.  Get a quote now or contact us at 1-888-901-1338 to see how we can serve your needs.
 
Antique Cars
Classic Trucks
Vintage Cars
Collector Cars
Hot Rods
Rat Rods
Street Rods
Exotic Cars
Luxury Cars
Muscle Cars
Instant Quote
My Policy
Agents
Private Client Services
About Us
The Benefits of Classic Auto Insurance
Facebook Twitter Google Plus LinkedIn Pinterest Instagram YouTube RSS
 
© 2018 Classic Auto Insurance  | CA LIC 0H16071 |  Indianapolis Web Design and Development by BitWise Solutions