Classic Car Collectors Suffer Big Blow From Sandy

Luke Vandezande
by Luke Vandezande
A009 – 1953 Chevrolet Corvette. GM: A Century of Innovation. Production Vehicles.

Hurricane Sandy was the most devastating blow to classic car collecting ever according to Hagerty Insurance.

Hagerty, a firm which specializes in classic and collector cars, estimates between 8,000 and 10,000 classic cars were affected by the storm. Among other things, that means pricing for collector cars is likely to shoot up, at least in the short term.

Despite that, car collectors still seem to have as voracious an appetite as ever for the hobby. Hagerty said in a blog post that they’ve “talked to countless individuals who have been powering their PCs from portable generators and are already doing what so many of us do under far more normal circumstances — trolling Craigslist and eBay looking for cars.”

With the Barrett-Jackson auction in Scottsdale, Ariz. a little more than a month away, evidence of that demand might make the event especially competitive.

There could also be other side effects from the storm. Hagerty predicts that many owners with damaged vehicles will salvage and sell what parts they can from their cars — something owners with undamaged vehicles might benefit from.

Still, it’s just as important to remember that floods ruin cars and leave use listings the subject of much deserved scrutiny. Corvettes, Mustangs and Camaros were the hardest hit.

Luke Vandezande
Luke Vandezande

Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.

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