Classic SUVs next big thing for car collectors
Hagerty Insurance seems to think vintage SUVs are going to be the next big trend in car collecting. The agency has already seen prices begin to tick upward at auction, with the number of classic SUVs insured by the company growing some 65 percent since 2008. That’s about twice the pace of the overall market. All told, Toyota Land Cruisers have seen the largest jump with a swell of 202 percent, though 1970s and 1980s Jeep models are up by a more than respectable 93 percent as well. Likewise, Ford Bronco and International Scout SUVs are up by 86 and 85 percent, respectively.
Hagerty attributes the increase with the overall rise in the popularity of the SUV in general. As modern machines become more in vogue, so do their predecessors by extension. While these old bruisers haven’t spent much time in the lime light at classic car auctions, Hagerty says recent events in Scottsdale featured 11 vintage Toyota Land Cruiser models, one of which sold for $88,000. That’s quite a price for a 1981 FJ-40. You can read the full press release below.
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By Zach Bowman