Tag

Car Collecting

All articles tagged with #car collecting

Gen X and Millennials Shift Classic Car Market Toward Affordable 1980s and 1990s Models
business29 days ago

Gen X and Millennials Shift Classic Car Market Toward Affordable 1980s and 1990s Models

A new generation of car collectors is redefining the classic car market by favoring affordable, functional vehicles from the 1980s and 1990s, such as Mazdas and Nissans, over the expensive muscle cars preferred by baby boomers. This shift is driven by younger buyers seeking accessible entry points into the hobby, with some collectors spending less than $1,000 on vehicles that offer practical utility and relatable aesthetics. While traditional collectors focus on 1950s and 1960s models, younger enthusiasts prioritize cars that are easier to maintain and more connected to their personal experiences, creating a distinct market segment for less heralded but highly functional vintage vehicles.

Eighties Dream Machines Now Command Big Bucks at Auctions
autos2 months ago

Eighties Dream Machines Now Command Big Bucks at Auctions

A curated look at 10 ’80s car models that have transformed from affordable daily drivers into hot collectibles, with auction values ranging from about $13k to well over $2 million. Highlights include the rare 1987 Buick GNX and the Porsche 959, whose values showcase how rarity, performance, and pop culture pedestal the era’s cars into multi‑thousand to multi‑million dollar status, while models like the DeLorean DMC‑12 and Ferrari Testarossa remain highly sought after in the collector market.

"Rare 388,000-Mile Toyota Supra Sells for More Than New"
automotive2 years ago

"Rare 388,000-Mile Toyota Supra Sells for More Than New"

A heavily modified, high-mileage 1994 Toyota Supra is up for auction and is expected to sell for more than the base price of a new 2024 GR Supra, despite its significant rust, modifications, and worn condition. Bidding has already reached nearly $50,000, reflecting the enduring appeal of the A80-generation Supra and the willingness of enthusiasts to invest in restoring and preserving these iconic performance cars.

"Michiana Man Receives 8-Year Sentence for Check-Kiting Scheme"
crime3 years ago

"Michiana Man Receives 8-Year Sentence for Check-Kiting Scheme"

Najeeb Khan, a Michiana man, has been sentenced to just over eight years in prison for a check-kiting scheme that involved stealing $150 million. Khan used his payroll services firm, IOI, as a front for the bank fraud and used the proceeds to support his passion for car collecting. The government argued that Khan's self-disclosure of his crimes was motivated by fear caused by a personal health scare rather than remorse. Khan was ordered to pay over $158 million in restitution and will serve his sentence concurrently for bank fraud and attempted tax evasion.