Will we be passing the torch or will the fire burn?

Will we be passing the torch or will the fire burn out with the next generation? Of course, I am talking about the collector car hobby and the passion for classic cars.

There are a couple schools of thought. One is that the fire will burn out because kids are not into cars, especially old ones. To a lot of younger people, a car is nothing more than something that gets them from place to place. And if that can be done by bike, bus, cab, or a parent, they don’t feel the need to have a car. With this mentality, old cars would seem to be the furthest thing from their minds!

The other thought is that the hobby is going to stay strong for several reasons:

1. Rat rods, low-budget customs and Rockabilly
It is very acceptable to have an old car that is unfinished and still show it off at car shows. In fact, patina is very desirable. The younger generation car owners have embraced the Rockabilly lifestyle. The best part is that it doesn’t take a year’s salary to get started in the hobby and these kids are having fun.

2. New cars are future hot rods.
In ten years, the Mustang GT, Challenger SRT8, and Camaro SS will be very affordable. You will be able to buy a car with more than 400 horsepower that gets more than 20 mpg for under $10,000.

3. Restomods
The popularity of restomods increases every year. Having a cool old car that has new technology built in, so it has the drivability and reliability of a new corvette really appeals to a lot of people, especially the younger generations.

4. Availability of old cars
There are a lot of old cars on the market. This could be a restoration project, restomod, survivor, hot rod, you name it. As new generations come into the hobby, they will have plenty to choose from based on their budget.

If you are in the collector car hobby, share your passion with the younger generations. Your kids, grandkids, and their friends. Take them for rides in the car. Take them to a car show with you. Have them help you work on the car. Let them drive your car (you with them of course). You are not sharing your car, you are sharing the passion!

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Rick Drewry

Collector Car Senior Specialist at American Modern Insurance Group
Rick Drewry is the senior claims specialist, Collector Vehicle & Motorcycle, at American Modern Insurance Group. He has been passionate about collector cars since he was a kid. He has owned and restored collector cars for 30 years.

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