Restoring Classic Cars and Their Undying Popularity
It would appear that like fine wines, cars also get better with age.
The post Restoring Classic Cars and Their Undying Popularity appeared first on LUXUO.
Image Credit: Courtesy of Gooding & Company
Once thought of as the hobby of the baby boomer generation looking to own a nostalgic part of their youth, the classic car industry was expected to eventually perish alongside these boomers. Fortunately however, it seems that the industry is being saved by young millennials who have, unexpectedly, begun collecting vintage automotive, built long before they were even born. According to Craig Jackson, CEO and chairman of Barrett-Jackson, an auction house specialising in classic cars, there has been an average increase of 48% in the number of millennial buyers every year since 2009. With this increase in demand for old cars, comes a rise in the demand for skilled automotive restoration services.
Before getting into down and dirty of vintage car restorations, perhaps it would be appropriate to explore the appeal of these classics. The first factor would undoubtedly be the sense of rarity and exclusivity associated with owning classic cars. If you think about it, the mass production of cars might have started in 1913 with Henry Ford?s Model T, but the output of these early production facilities were nowhere near the numbers brands achieve today using automated systems to streamline the manufacturing process. This contributes to the relative rarity of vintage cars which were ...
The post Restoring Classic Cars and Their Undying Popularity appeared first on LUXUO.
Image Credit: Courtesy of Gooding & Company
Once thought of as the hobby of the baby boomer generation looking to own a nostalgic part of their youth, the classic car industry was expected to eventually perish alongside these boomers. Fortunately however, it seems that the industry is being saved by young millennials who have, unexpectedly, begun collecting vintage automotive, built long before they were even born. According to Craig Jackson, CEO and chairman of Barrett-Jackson, an auction house specialising in classic cars, there has been an average increase of 48% in the number of millennial buyers every year since 2009. With this increase in demand for old cars, comes a rise in the demand for skilled automotive restoration services.
Before getting into down and dirty of vintage car restorations, perhaps it would be appropriate to explore the appeal of these classics. The first factor would undoubtedly be the sense of rarity and exclusivity associated with owning classic cars. If you think about it, the mass production of cars might have started in 1913 with Henry Ford?s Model T, but the output of these early production facilities were nowhere near the numbers brands achieve today using automated systems to streamline the manufacturing process. This contributes to the relative rarity of vintage cars which were ...
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