A Stellantis brand leads the ranking of collector cars that remain unused | Carscoops

      It appears that the most effective way to enjoy a collector car is by driving it rather than letting it sit idle.

      18 hours ago

      by Stephen Rivers

      Hagerty has published a new study examining collector vehicles at auction and their mileage.

      The findings reveal that most cars from the past decade have between 1,000 and 9,999 miles driven.

      Additionally, the data shows that Ferrari owners tend to drive their cars more than Hellcat owners on average.

      One challenging aspect of car culture is understanding the segment of buyers who purchase vehicles only to leave them undriven. After all, the primary enjoyment of a car often lies in its driving experience. Nevertheless, many individuals acquire new vehicles only to let them deteriorate in storage, hoping for a significant profit in the future.

      A recent study indicates that it's not Ferraris or Porsches being kept in pristine condition, but rather that Hellcats and Corvettes are the ones mostly left untouched.

      More: This Electrified Corvette Lost A Quarter Of Its Value In Only 112 Miles

      Hagerty's latest study examines the mileage of cars at auction from the model year 2016 and later. Notably, it focused on a select few brands: Porsche, Ferrari, Ford, Chevrolet, and Dodge. Furthermore, it delved deeper into the data, examining all Porsche and Ferrari models available at auction, but only considering the Corvette, Mustang, Ford GT, and Challenger within the other brands.

      Low Mileage, Higher Frequency

      In summary, for the analyzed models, owners of Ferrari and Porsche cars are significantly more likely to drive their vehicles. Across all recent auctions reviewed, only eight cars from these two brands had fewer than 100 miles on the odometer.

      In contrast, Chevrolet had 15 low-mileage Corvettes, and Ford had 20 cars falling into the same low-mileage category. However, Dodge stood out with 44 vehicles that displayed fewer than 100 miles.

      The Dodge Outlier

      The statistic for Dodge illustrates a broader trend. All brands and models included in the study were more likely to appear at auction with between 1,000 to 9,999 miles registered. Given that these cars are approximately a decade old, this aligns with expectations. However, the situation with Dodge and the Challenger was different.

      Most of the vehicles listed for sale had fewer than 100 miles on them, largely due to the Hellcat and Demon models. Collectors appear to be betting on these muscle cars evolving into future classics.

      Abundance vs. Rarity

      However, as many buyers adopt the same approach, the rarity factor is beginning to diminish. With so many available, the supply is currently exceeding demand. Will these cars appreciate significantly in value in a few decades? Certainly. But until that time arrives, we concur with Hagerty’s takeaway: “Just drive your cars.”