Hagerty Bull Market List Explained: What Cars Are Becoming Collectible with Larry Webster
About this episode
Larry Webster from Hagerty joins the hosts to discuss the latest Hagerty Bull Market List, highlighting which cars are becoming collectible. The conversation dives into trends showing that cars from the 90s and 2000s are gaining interest among enthusiasts. Larry shares insights on how agents can leverage this list to better serve clients, emphasizing the importance of understanding vehicle values and the unique needs of car collectors. The episode also touches on the significance of community engagement through events like cars and coffee, making it clear that passion for cars is a powerful connector.
Hagerty Insurance
"...the reason I was open to coming here was I was already a customer. I already had Hagerty Insurance. And the reason I did is I knew if something happens to my baby, our cars are our babies..."
Hagerty Insurance is a company that offers insurance specifically for classic and collector cars. They know how much these cars mean to their owners and provide special coverage for them.
Hagerty Insurance specializes in classic and collector car insurance, providing coverage tailored to the unique needs of car enthusiasts. They understand the value and significance of classic cars, which often appreciate over time rather than depreciate like standard vehicles.
classic cars
"...everybody says they love old cars or classic cars or collectors, right? You see them in Eddie Bauer catalogs. But somebody like me knows when somebody really gets it..."
Classic cars are older vehicles that many people find special or valuable. They often have a unique style and history that makes them interesting to collectors.
Classic cars are typically vehicles that are at least 20 years old and are often valued for their historical significance, design, and performance. They are popular among collectors and enthusiasts who appreciate their unique characteristics and craftsmanship.
bull market list
"...we just published something called the bull market list. For our listeners, you know, we've been doing this for about a decade..."
The bull market list is a yearly list created by Hagerty that shows which cars are becoming more valuable. It's like a guide for car collectors to know which cars to look out for.
The bull market list is an annual publication by Hagerty that identifies cars expected to appreciate in value. It highlights vehicles that are gaining popularity among collectors and investors.
Continental Mark II
"...this year's list has a 56 to 57 continental mark two, right? Last year we had an E-Type on there..."
The Continental Mark II is a fancy car made by Lincoln in the mid-1950s. It's well-regarded for its style and luxury, and many people like to collect it today.
The Lincoln Continental Mark II is a luxury coupe produced by Lincoln from 1956 to 1957. It is known for its elegant design and high-quality craftsmanship, making it a classic among collectors.
Jaguar Etype
"...last year we had an E-Type on there. Everybody said the Jaguar E-Type? Wait, what? Right. They went up,"
The Jaguar E-Type is a classic sports car from the 1960s known for its beautiful looks and fast performance. It's a favorite among car enthusiasts and collectors.
The Jaguar E-Type, launched in 1961, is a British sports car celebrated for its stunning design and performance. It has become an iconic classic car, often regarded as one of the most beautiful cars ever made.
Chevrolet Trans Am
"...My two cars, my 2014 Cayman S is not on there. My 97 trends AM is not on there..."
The Chevrolet Trans Am is a classic American muscle car that was known for its speed and sporty look. It was popular in the 1970s and 1980s and is still loved by car enthusiasts today.
The Chevrolet Trans Am is a performance car that was part of the Pontiac brand, known for its muscular design and powerful engines, popular in the late 20th century.
Porsche Cayman
"...I was bummed this year. I always look, I was abated breath. My two cars, my 2014 Cayman S is not on there..."
The Porsche Cayman S is a sports car that is known for being fun to drive and has a powerful engine. It's designed for people who enjoy driving and want a sporty experience.
The Porsche Cayman S is a mid-engine sports car known for its handling and performance, part of the Cayman lineup which is praised for its driving dynamics.
Dodge Charger
"...he other one I was surprised about was the Dodge Charger because, you know, I just felt like that maybe go..."
The Dodge Charger is a big car that looks sporty and can go really fast. It's popular because it combines a lot of power with a comfortable ride, making it a favorite among car enthusiasts.
The Dodge Charger is a full-size sedan known for its muscular design and powerful engine options. It has a rich history dating back to the 1960s and has become a symbol of American muscle cars, often discussed for its performance and style.
muscle car
"This is the first generation charger. This is the 60s charger, the muscle car charger, not the one that's out now."
Muscle cars are fast cars made in America, especially popular in the 1960s. They usually have big engines and a sporty look.
Muscle cars are high-performance vehicles that originated in the United States in the 1960s. They are typically characterized by powerful engines, aggressive styling, and a focus on straight-line speed.
Dodge Magnum
"...e charger out there, the wagon version called the Magnum, because that's cars 20 years old now. So it's n..."
The Dodge Magnum is a big car that looks like a wagon but has a powerful engine. It's good for families or people who need a lot of space but still want a fun car to drive.
The Dodge Magnum is a unique station wagon that was produced in the mid-2000s, known for its powerful engine options and spacious interior. It is often discussed for its blend of practicality and performance, appealing to those who want a versatile vehicle.
Chevrolet Camaro
"...ar era. They were less produced than Mustangs and Camaros. So it's a little more rarity. You also remember..."
The Chevrolet Camaro is a sporty car that has been around for a long time. It's designed to be fast and fun to drive, making it a popular choice for people who love cars that look and feel powerful.
The Chevrolet Camaro is a classic American muscle car that has been in production since the late 1960s. It is known for its performance, aggressive styling, and has a strong following among car enthusiasts, often compared to the Ford Mustang.
Ford Mustang
"... the muscle car era. They were less produced than Mustangs and Camaros. So it's a little more rarity. You a..."
Mazda Miata
"...the other one that like we've been talking a lot about, but you guys put the nail in the coffin is the Mazda Miata or..."
The Mazda Miata is a small sports car that is very fun to drive. It's known for being light and easy to handle, which makes it popular with people who love driving.
The Mazda Miata is a lightweight, two-seater sports car known for its agile handling and fun driving experience. It's often praised for its simplicity and connection to the road, making it a favorite among driving enthusiasts.
Hagerty policy
"...helping them understand what are the right types of vehicles to place on a Haggerty policy. We have been known so long and for so well as a classic car company..."
A Hagerty policy is a special type of car insurance for classic cars. It helps protect these older vehicles and offers benefits that regular car insurance might not provide.
A Hagerty policy refers to insurance coverage specifically designed for classic and collectible cars. This type of policy often includes features tailored to the unique needs of classic car owners, such as agreed value coverage and flexible usage options.
pre-1980s vehicle
"...we're really thought of as like that pre 1980s type of vehicle that goes to Haggerty. But when I'm looking at the list this year..."
A pre-1980s vehicle is any car made before 1980. These cars are often seen as classic and can be very different from today's cars.
A pre-1980s vehicle refers to cars that were manufactured before the year 1980. These vehicles are often considered classic or vintage and may have unique features and designs that differ significantly from modern cars.
produced before 1990
"...when you add in another decade, there's just four that were produced before 1990. So the big bulk of the..."
Produced before 1990 means any car that was made before the year 1990. These cars can also be seen as classic or vintage.
This phrase refers to vehicles that were manufactured prior to the year 1990. Cars from this era may be considered classic or vintage, depending on their age and historical significance.
Chevrolet Bel Air
"...a 35 year old car was 1955 Bel Air Chevy, which felt like a tractor by comparison."
The Chevrolet Bel Air is a classic American car that was made a long time ago, known for its stylish design. It's often seen as a symbol of the 1950s and 60s car culture.
The Chevrolet Bel Air is a full-size car that was produced by Chevrolet from 1950 to 1981. It is often associated with the classic American car culture and is known for its distinctive styling and performance during its production years.
post-1980 cars
"...the interest that we see is post-1980 and any of those cars are certainly eligible because..."
Post-1980 cars are cars made after the year 1980. These cars usually have newer technology and safety features compared to older cars made before that year.
Post-1980 cars refer to vehicles manufactured after 1980, which often have different regulations, technology, and design compared to older models. This period marks significant advancements in automotive technology and safety features.
parts availability
"...an important thing that I think people forget is after 10 years, a car is 10 years old, a manufacturer is not obligated to produce parts for it anymore. So that's why you need the right place to cover and ensure these cars..."
Parts availability means how easy it is to find replacement parts for a car. After a car is 10 years old, the company that made it doesn't have to keep making parts, which can make fixing it harder.
Parts availability refers to the ability to obtain replacement components for vehicles. After a car is 10 years old, manufacturers are no longer required to produce parts for it, which can make repairs more challenging.
Mopar
"And as you know, the off-road segments like it exploding, right? One of the ones on the bull market list was a ram charger. It's basically the Mopar version."
Mopar is a brand name that refers to cars and parts made by Chrysler and its divisions like Dodge and Jeep. It's often used when talking about performance parts and vehicles from those brands.
Mopar is a term used to refer to vehicles and parts produced by Chrysler, Dodge, Jeep, and Ram. It originated from the combination of 'Motor Parts' and has become synonymous with the brand's performance and aftermarket parts.
Ford Bronco
"And as you know, the off-road segments like it exploding, right? One of the ones on the bull market list was a ram charger. It's basically the Mopar version. And we say Mopar, I should explain it. That's basically what Dodge was, like they call them Mopars, the Ford Bronco or the Chevy Blazer."
The Ford Bronco is a type of SUV made by Ford that is designed for off-road driving. It's known for being tough and able to handle rough terrain.
The Ford Bronco is a classic American SUV known for its off-road capabilities and rugged design. Originally introduced in the 1960s, it has become an iconic vehicle among off-road enthusiasts.
Chevy Blazer
"And as you know, the off-road segments like it exploding, right? One of the ones on the bull market list was a ram charger. It's basically the Mopar version. And we say Mopar, I should explain it. That's basically what Dodge was, like they call them Mopars, the Ford Bronco or the Chevy Blazer."
The Chevy Blazer is an SUV made by Chevrolet that is good for both everyday driving and off-road adventures. It has been around for many years and is popular for its ruggedness.
The Chevy Blazer is a mid-size SUV produced by Chevrolet, known for its versatility and off-road capabilities. It has a long history and has evolved through various generations since its introduction.
Jeep Cherokee
"...fore generally we covet them were SUVs. The Jeep Cherokee came out in 1984. It's an old car, right? We had..."
The Jeep Cherokee is a small SUV that can go off-road and is good for driving in different conditions. It's a favorite for people who like to explore and need a car that can handle rough paths.
The Jeep Cherokee is a compact SUV that has been in production since 1984, known for its off-road capability and versatility. It has evolved over the years and remains a popular choice for those looking for a vehicle that can handle both city and outdoor adventures.
GMC Jimmy
"We had a 91 GMC Jimmy and gosh, I wish we still had that."
The GMC Jimmy is an SUV made by GMC that was popular in the 1990s. The 1991 model is known for being tough and good for driving on rough roads.
The GMC Jimmy is a mid-size SUV that was produced by GMC from the late 1960s until the early 2000s. The 1991 model is part of the generation known for its rugged design and off-road capabilities.
BMW M5
"...el otherwise. But it's like the 2006 to 2010 BMW M5. I mean, an M5 typically, right? It's a four door..."
The BMW M5 is a fancy car that can go really fast and is very comfortable inside. It's like a sports car that you can use every day, but some older models might have problems that could be expensive to fix.
The BMW M5 is a high-performance version of the BMW 5 Series, known for its luxury and powerful engine. The 2006 to 2010 models are particularly noted for their impressive speed and handling, but they can have reliability issues related to their complex engineering.
Honda Civic
"But they make a version called the Type R that is a very special car that's not necessarily a daily driver."
The Honda Civic Type R is a sportier, faster version of the regular Honda Civic. It's made for people who want a fun driving experience rather than just a regular car for daily use.
The Honda Civic Type R is a high-performance variant of the standard Honda Civic, designed for enthusiasts who seek sporty handling and powerful performance. It features a turbocharged engine and aggressive styling.
V10 engine
"M stands for motor sports and they put in a V10 engine and a stick shift and they made it every bit of a sports car."
A V10 engine has ten cylinders arranged in a V shape, which helps it produce a lot of power. It's commonly found in high-performance cars.
A V10 engine is a ten-cylinder engine arranged in a V configuration, known for its smooth power delivery and high performance. It's often used in sports and supercars for its ability to produce significant horsepower.
horsepower
"They've got 500-some-odd horsepower. They handle. These are extraordinarily special cars."
Horsepower is a way to measure how powerful an engine is. The more horsepower a car has, the faster it can go.
Horsepower is a unit of measurement for power, specifically in engines. It indicates how much work an engine can perform over time, with higher horsepower generally translating to better performance.
maintenance costs
"The reason they're not worth more is they're a nightmare to keep running. So the maintenance costs are pretty high, but super cool."
Maintenance costs are the money you spend to keep a car running well, like oil changes and repairs. Some cars, especially fast ones, can be more expensive to take care of.
Maintenance costs refer to the expenses associated with keeping a vehicle in good working condition, including regular servicing, repairs, and parts replacement. High-performance cars often have higher maintenance costs due to their specialized components.
zero to 60 times
"...I was taking them to the track for lap times and zero to 60 times. And I mean, I wasn't just driving these things..."
Zero to 60 time is how long it takes a car to go from a complete stop to going 60 miles per hour. It's often used to show how fast a car can speed up.
Zero to 60 time measures how quickly a car can accelerate from a complete stop to 60 miles per hour. It's a common performance metric used to evaluate a vehicle's acceleration capabilities.
Land Rover Defender
"... a small little fender bender in my truck or not defender, but our deer ran into the side of my truck, it w..."
The Land Rover Defender is a tough SUV that can handle rough roads and off-road adventures. It's popular for people who like to explore nature and need a reliable vehicle that can take a beating.
The Land Rover Defender is a rugged off-road vehicle known for its durability and capability in tough terrains. It has a cult following and is often discussed for its iconic design and versatility in both urban and rural settings.
total loss
"that's going to be a total loss. But if you have a policy with Hagerty..."
Total loss means that if your car gets damaged, it costs too much to fix it, so the insurance company decides it's better to just pay you for the car instead.
A total loss occurs when the cost to repair a vehicle exceeds its actual cash value, meaning the insurance company deems it not worth fixing. This can happen after significant damage, such as a major accident.
Dodge Ram
"...00 repair, but a small deer hit on the side of my Dodge Ram, $10,000, right? So. That's a big deal. Yeah. I ..."
The Dodge Ram is a big truck that can carry heavy loads and is great for work or outdoor activities. It's popular because it's tough and can handle a lot of different tasks.
The Dodge Ram is a full-size pickup truck known for its strong performance and capability for towing and hauling. It has a loyal following and is often discussed for its ruggedness and versatility in both work and leisure settings.
Ram
"...let's just go to my ram. If my ram had been a total, I don't want to keep it..."
Ram trucks are known for being tough and reliable vehicles used for work and heavy-duty tasks. They are popular for their strength and capability.
The Ram is a brand of trucks known for their durability and performance. Originally part of Dodge, the Ram brand became independent in 2010 and is well-regarded for its heavy-duty and light-duty trucks.
Trans-Am
"...if that was my trans-am, I'm keeping that thing no matter what, right? Yes. Yeah, I know I got a good motor..."
The Trans-Am is a type of car made by Pontiac that is known for being fast and sporty. It was popular in the 70s and 80s and is often seen as a classic American muscle car.
The Pontiac Trans-Am is a performance version of the Pontiac Firebird, known for its sporty design and powerful engines. It gained popularity in the 1970s and 1980s, especially due to its appearances in movies and its association with American muscle car culture.
Porsche Carrera GT
"... car that's on there is the big dog, the Porsche Carrera GT, $2 million car in a condition 1, 1.5, 1.6 in a ..."
Porsche Carrera
"...he other car that's on there is the big dog, the Porsche Carrera GT, $2 million car in a condition 1, 1.5, 1.6 in..."
The Porsche Carrera RS is a very special sports car that is fast and fun to drive. It's famous among car lovers and is often considered a collector's item because of its unique features and history.
The Porsche Carrera RS is a legendary sports car known for its lightweight design and exceptional performance. It is highly sought after by collectors and enthusiasts, often discussed for its racing heritage and iconic status in the automotive world.
Toyota Camry
"...ne showed up with a 1990 Honda Accord or a Toyota Camry, that's going to be a coveted car. I can guarant..."
The Toyota Camry is a very popular car known for being safe and reliable. It's a good choice for people who want a car that won't break down and is easy to drive.
The Toyota Camry is a mid-size sedan that has been a best-seller for decades due to its reliability, comfort, and fuel efficiency. It is often mentioned in discussions about practical and dependable vehicles for everyday use.
Honda Accord
"...ent. Like if someone showed up with a 1990 Honda Accord or a Toyota Camry, that's going to be a coveted ..."
Pontiac Firebird
"... and it feels like an antique in 1995, where your Firebird, your Trans Am today does not feel like an antiq..."
The Pontiac Firebird is a sporty car that was really popular a long time ago. It's known for its cool looks and fast speed, making it a favorite among car fans.
The Pontiac Firebird is a classic American muscle car that gained popularity in the 1970s and 1980s. Known for its distinctive styling and performance, it has become a nostalgic symbol of the muscle car era.
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