The classic car market is shifting, and experts are identifying specific modern vehicles that are likely to become highly sought-after collector’s items in the coming years. With interest in automotive history and nostalgia on the rise, investing in these vehicles now could yield significant returns as demand increases. The current economic landscape, coupled with a growing appreciation for well-engineered cars, makes this an opportune time for car enthusiasts and investors alike to consider future classics.
Why Modern Cars Are Becoming Classics
Classic cars have traditionally been defined as models that are at least 20 years old, but the definition is evolving with changing consumer preferences. Modern vehicles that have a unique design, limited production numbers, or significant technological advancements are becoming desirable. According to Hagerty, a leading insurance provider for classic cars, the market for modern classics has increased by 12% over the past year, indicating a burgeoning interest among collectors.
Many car enthusiasts are now looking for vehicles that not only represent a significant period in automotive history but also offer reliability and performance. As electric and hybrid vehicles gain traction, some internal combustion engine models from the late 1990s and early 2000s are also gaining attention, creating a diverse range of options for potential buyers.
Top Candidates for Future Classics
Several models currently on the market have the potential to become future classics. These vehicles are not only celebrated for their design and performance but also for their limited availability, which can drive up their value. Here are some standout models to consider investing in now:
1. Ford Mustang GT (2015-2022)
The Ford Mustang GT, particularly from the sixth generation (2015-2022), is already being hailed as a modern classic. With its robust V8 engine and iconic design, the Mustang has maintained a loyal following. In 2021 alone, Ford sold approximately 52,000 Mustangs, making it one of the best-selling sports cars in the U.S. With its combination of power, style, and performance, the Mustang GT could appreciate significantly over the next decade.
2. Mazda MX-5 Miata (2016-2022)
The Mazda MX-5 Miata is renowned for its lightweight, agile handling, and driving enjoyment. Models from 2016 to 2022 have continued this tradition with improvements in technology and performance. In 2022, the Miata celebrated its 33rd anniversary, with over one million units sold worldwide, solidifying its status as a beloved sports car. The Miata’s affordability and fun factor make it a prime candidate for future collectors.
3. BMW M3/M4 (2021-present)
The latest generation of the BMW M3 and M4, launched in 2021, has captured attention with its distinctive styling and powerful performance. Featuring a turbocharged inline-six engine, these models deliver exhilarating speed and handling. With a starting price of around $71,800 for the M3 and $73,800 for the M4, their limited availability and high-performance credentials suggest that they will be valued by collectors in the future.
4. Toyota Supra (2020-present)
The return of the Toyota Supra in 2020 has stirred significant excitement among car enthusiasts. Collaborating with BMW, Toyota has created a vehicle that combines heritage with modern engineering. The 2021 Supra was praised for its handling and performance, with a starting MSRP of $43,990. As the Supra lineage holds a storied place in automotive history, the latest iteration is poised to become a sought-after classic.
5. Porsche 911 (992 generation, 2020-present)
The Porsche 911 continues to be a benchmark in the sports car segment, with the current 992 generation launched in 2020. Known for its timeless design and exhilarating performance, the 911 has a dedicated fan base. With production numbers carefully controlled, models from this generation are likely to appreciate in value. The starting price for the 911 Carrera is approximately $100,000, but its potential as a future classic makes it a worthy investment.
How to Choose the Right Model
When selecting a future classic to invest in, consider factors such as production numbers, condition, and maintenance history. Limited edition models or those with unique features often appreciate faster than their more common counterparts. Additionally, focusing on vehicles that have a strong enthusiast community can provide valuable resources and support when it comes to maintenance and modifications.