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The classic car market is a niche segment of the automotive industry that focuses on the sale and restoration of vintage vehicles. Classic cars are typically defined as those manufactured between 1925 and 1948, although some enthusiasts may consider vehicles from the 1950s and 1960s to be classic as well. These cars are often highly sought after due to their rarity, historical significance, and aesthetic appeal.
The classic car market is largely driven by passionate collectors and hobbyists, who often invest significant amounts of time and money into restoring and maintaining their vehicles. Many classic car owners also take part in car shows and other events, where they can show off their vehicles and meet other enthusiasts.
The classic car market is also supported by a wide range of businesses, including dealerships, restoration shops, and parts suppliers. Companies such as Hagerty, Barrett-Jackson, and RM Sotheby's specialize in the sale and auction of classic cars, while companies like Classic Car Club of America and Gooding & Company provide services such as appraisals and insurance. Show Less Read more