Significant Shift from Utility to Collectability
As the collector vehicle lifestyle continues to evolve, classic pickups have become the fastest growing segment among collectors. Analysis conducted by the Hagerty Valuation Team confirms the number of pickups purchased by collectors has grown more than any other collector vehicle segment. Pickups have seen a value growth of 56% over the past five years in correlation to other vehicle segments that show an average growth of 13%. Auction companies are supporting the trend as well; the number of classic pickups offered by the top 15 North American auction companies has doubled over the past three years.
“There was a time when trucks were only used by collectors to tow a car to the show, but now they are seriously collectible in their own right,” says Hagerty CEO McKeel Hagerty. “Classic pickups are also one of the easiest ways to enter the collector world. They are readily available, easy to work on and very affordable. I learned to drive on our 1933 Ford and have owned many collectible trucks since then.”
According to Hagerty’s data, Ford and Chevrolet make up nearly 90% of all classic pickups currently on the road, and among the most popular are the 1960-72 Chevrolet C10s and 1961-72 Ford F-100s. Other makes are being noticed by collectors, as several generations of pickups are seeing significant value increases since 2010. The top five pickups for value increases are listed below: