: While high-end buyers remain insulated from economic shifts, enthusiast interest exists across all economic brackets. Psychographics: Why They Buy
The antique car market is currently undergoing a significant generational shift. While (born 1946–1964) still hold the majority of collector policies, they are increasingly downsizing or "cashing in" on their long-held hobbies. In their place, a younger cohort consisting of Generation X , Millennials , and Gen Z is driving the industry's growth, now making up a combined 64% share of new insurance quote activity. Core Buyer Demographics who buys antique cars
: Millennials are currently the fastest-growing segment of vintage car collectors. Approximately 60% of Gen Z expresses interest in owning a classic car, with over 30% already having owned one. : While high-end buyers remain insulated from economic
: The current average age for a classic vehicle owner is approximately 54 years old. In their place, a younger cohort consisting of
: More women are entering the market than ever before. The average female collector is typically 52 years old.
The "typical" collector profile is diversifying beyond the traditional image of older, wealthy men.