I finally believe we have hit the peak and are on the beginning of the inevitable down side. How long will it take? Maybe the next 10 years or so? As far as the prices and popularity of the collector car hobby/industry is concerned, I feel it can not survive as popular and expensive as it expanded to. The people "us baby boomers" won't be here to support it as it grew into for much longer. Many of us
baby boomers followed the paths that many of our grandparents travelled. They really created the automobile/motor cycle collecting and racing hobbies. Hobbies that continually grew from the late 1950s to where it is today.
The boomers who are here today , many who came into their retirement and inheritance monies dove in head first and are some of the reasons so many classic cars are worth a ransom today. The desire for and the collecting and rebuilding of classic cars cause the amazing growth of the classic / hot rod parts industry that exists today. I have a feeling that as many of us boomers disappear, our kids and grandkids will just look at those cars as money in the bank they will want to spend asap. Classic cars can be just the same as we all used to call boats. "Boats are just a whole you throw money continually into." Thing about those collectibles is that they do cost much money to keep, protect and maintain. Don't even think about the costs to rebuild/refurbish them. Even a regular classic that is not considered rare can cost in excess of $40,000 to $100,000 to renew if one has to pay it done.
One has to have shelter, garage or a shop in many cases to purchase "classic car" special insurance policies. Unless one is a pretty good shade tree / home auto mechanic, then the hunt will be on to find someone who will do that type of work. Just like we are losing the boomers who buy the classics , we are also losing many of the experienced , qualified mechanics who grew up driving and working on those vehicles. The cars and trucks being made today seem to be getting designed and made with cheaper and cheaper materials for a number of reasons. Lighter for fuel savings and cheaper for more profit to the makers. So, how many of those are anyone wanting to keep or collect or restore years from now? Not too many I would say. As I got older , dealing with medical issues and just as one ages, it gets harder and harder to maintain and keep up with a lot of physical type hobbies. I made the tough decision to sell my last one in 2019 because I wanted someone who could appreciate , enjoy, use and work on it. It saddens me to think about it but I truly think we are at the beginning of the downward slope of the classic car hobby and industry.