by Research on the Mileage of Collector Cars
Hagerty conducted a study that analyzed the mileage of collector cars sold at auctions. It turned out that most cars produced in the last 10 years have a mileage between 1,000 and 9,999 miles. Interestingly, Ferrari owners tend to drive their cars more than Dodge Hellcat owners.
Many buyers purchase cars not to use them, but to store them in hopes of future profit. However, as the data shows, “museum” condition is most often found in Hellcats and Corvettes, not in Porsches or Ferraris.
Who Drives and Who Stores?
The study covered cars from the 2016 model year and newer, focusing on brands such as Porsche, Ferrari, Ford, Chevrolet, and Dodge. Among them, only 8 Ferraris and Porsches had less than 100 miles on the odometer. For comparison, Chevrolet presented 15 low-mileage Corvettes, Ford – 20, and Dodge stood out with 44 cars that had traveled less than 100 miles.
The situation with Dodge is particularly striking, where the majority of auction cars had minimal mileage. This is likely due to the Hellcat and Demon models, which collectors buy hoping for their future value.
However, due to the large number of such cars on the market, their value is not increasing yet. Perhaps in a few decades the situation will change, but for now the best advice is to simply drive your car, not keep it in the garage.
