Avada Car Dealer News

1. Online Purchasing: With the advent of technology, more and more consumers are buying classic vehicles online. Websites like Hemmings and Bring a Trailer have made it easier for consumers to find and purchase the classic car of their dreams.

2. Restomods: Restomods, or classic cars that have been updated with modern technology and amenities, are becoming increasingly popular. Consumers want the look of a classic car with the comfort and reliability of a modern one.

3. Electric Conversions: As the world becomes more environmentally conscious, some consumers are choosing to convert their classic cars to electric. Companies like EV West and Electric Classic Cars specialize in these conversions.

4. Investment Opportunities: Classic cars are being seen as a good investment opportunity. According to the Knight Frank Luxury Investment Index, classic cars have outperformed art, wine, and watches in terms of investment returns over the past decade.

5. Younger Buyers: Younger generations are showing interest in classic cars. Millennials and Gen Z are buying classic cars not just for their nostalgic appeal, but also for their sustainability and potential as an investment.

6. Interest in Specific Models: Certain classic car models are seeing a surge in popularity. For example, classic SUVs like the Ford Bronco and Toyota Land Cruiser are in high demand.

7. DIY Restoration: With the rise of YouTube and other online resources, more consumers are taking on the challenge of restoring classic cars themselves. This allows them to save money and customize the car to their liking.

8. Classic Car Rentals: Instead of buying, some consumers are choosing to rent classic cars for special occasions or weekend getaways. This allows them to experience the thrill of driving a classic car without the commitment of ownership.

9. Interest in Japanese Classics: There’s a growing interest in classic Japanese cars, like the Datsun 240Z and Toyota Supra, which are known for their reliability and performance.

10. Sustainability: Some consumers are buying classic cars as a more sustainable option, as they require fewer resources to maintain and repair compared to new cars.