Bring a Trailer data shows steep rise in 1990s classic values
Monday, 1 August 2022 at 16:30:00 UTC
1990s classics almost double in value in two years
Car auction site Bring a Trailer has revealed new data that shows 1990s classic cars in the US have almost doubled in value between the first quarter of 2020 and the same period in 2022.
Classic cars in this age bracket have risen in value by 82% during this period, increasing in value from an average of $24,941 to $45,302.
The steep rise in values is attributed to an influx of Generation X and Millennial enthusiasts with disposable income to spend on classic cars.
Randy Nonnenberg, Bring a Trailer Co-Founder and CEO, said: ‘Collector automobiles go through a cycle where they are forgotten for a decade or two before nostalgia drives their now financially stable fans to buy them up. Right now, what we’re seeing is the ‘90s becoming the new ‘50s when it comes to the cars collectors and enthusiasts are seeking out.
‘Vehicles once considered mundane, utilitarian and even ‘econobox’ are the new cool and being given a fresh look.’
The company’s data shows the full spectrum of ‘90s vehicles is gaining collector attention, from family sedans and wagons to trucks, SUVs and vans.