, 2022-12-08 12:05:21,
When it comes to investments, few beat a collector car. For the most part, these investments hold their value or appreciate, even as they age. And unlike a stock or a mutual fund, it’s one that you can drive and enjoy.
For the sixth year, classic car insurer Hagerty Insurance has released its Bull Market list, cars that have the best chance for appreciation going forward. Hagerty bases its list using data from public and private sales, insurance valuations and historic trends.
“Even against the current economic backdrop, we believe this group is poised to grow the most in value next year,” said Vice President of Automotive Intelligence Brian Rabold. “Buying a fun car while it’s on the way up means you can use and enjoy it while likely coming out ahead when it’s time to sell.”
What makes them experts
Certainly, Hagerty is in a position to know. Hagerty insured 2.1 million vehicles in 2021, generating revenue growth of 24%, while premiums grew 17% to $674.3 million.
The insurance company considers itself a lifestyle brand, and it’s hard to argue with that assessment. Hagerty started as a privately owned insurer based in Traverse City, Michigan. In recent years, the company has grown beyond its core business, adding a media department, and buying a…
To read the original article from news.google.com, click here