Between 2020 and 2024, the global classic car market is projected to grow steadily from roughly 30.9 billion U.S. dollars in 2020 to some 43.4 billion U.S. dollars in 2024. Vintage cars are particularly popular in Europe and North America. Since these vehicles are considered as collectables, insurance premiums are typically lower than modern cars, despite often being more hazardous to drive.
To learn more about classic cars, please read our in-depth report on the matter.
Projected size of the global classic car market between 2020 and 2024
(in billion U.S. dollars)
More than 65,000 classic car ads analyzed (private and professional)
Cars being manufactured prior to on in 1990
Vehicles that are beyond repair and can only be used for parts are excluded (offering price below 1,000 U.S. dollars))
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Statista. (May 14, 2021). Projected size of the global classic car market between 2020 and 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1139775/global-classic-car-market-size/
Statista. "Projected size of the global classic car market between 2020 and 2024 (in billion U.S. dollars)." Chart. May 14, 2021. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1139775/global-classic-car-market-size/
Statista. (2021). Projected size of the global classic car market between 2020 and 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1139775/global-classic-car-market-size/
Statista. "Projected Size of The Global Classic Car Market between 2020 and 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 May 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1139775/global-classic-car-market-size/
Statista, Projected size of the global classic car market between 2020 and 2024 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1139775/global-classic-car-market-size/ (last visited November 13, 2024)
Projected size of the global classic car market between 2020 and 2024 (in billion U.S. dollars) [Graph], Statista, May 14, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1139775/global-classic-car-market-size/
