Collector Car Market Shifts: Younger Buyers Drive Demand for Newer Models While Classic Ferraris Face Challenges

At the same time, the demand for newer models is increasing, which indicates that a new generation of collectors is entering the market, write Robb’s report.

Auction houses in Monterey, California, long a barometer of the collector car market, noted a decline in classic sales Ferrari– model.

However, several experts believe that this does not necessarily indicate a crisis. Instead, they point to factors such as high reserve prices and a large range of similar cars.

There are many classic Ferraris out there

Despite the fact that a Ferrari 250 GT SWB California Spyder sold for more than SEK 170 million, another similar car did not find a buyer for SEK 135 million.

This shows that the supply of Ferrari models is significantly higher than the demand.

However, there is no doubt that the market is going through a change. Newer classic models are gaining ground, and experts see a clear trend in younger collectors liking cars from their own childhood.

Rupert’s bannerexpert at Gooding & Company, describes the market as “basic” and welcomes the new buyers.

“They’re drawn to cars they can relate to,” he says, “cars they dreamed of 15-20 years ago.”