Prices expected to go up on PW's- an experts opinion?

[Doc Dave]

In the latest copy of Vintage Truck magazine (my favorite magazine along with PWA) there is an interview with McKeel Hagerty, CEO of Hagerty vehicle insurance.

He has a very nice 1962 IH C-120 crew cab Travelite pickup, fully restored.

He commented that: "The classic pickup collecting hobby is probably where the classic car hobby was 25-30 years ago with prices for the rarest vehicles still within reach, although the rarest examples are rising rapidly....in the past 18 months. As more people turn their attention to classic pickups, prices will inevitably rise. The next five-to-ten years will be huge for this segment".

Those who are thinking of buying a PW in nice shape might want to do so now. Those thinking of selling might want to wait a bit...?

[Gordon Maney]

I bought my first truck for $200 and drove it home.

In 1973.

[Cheyenne Dave]

I bought my first truck for $200 and drove it home.

In 1973.

It cost me $1200 to adopt GUS...2001

CD

[DavidGB]

I sold 4 at once (plus a lot of parts) for 2k in '93 and paid many multiples of that for one last year. So, for me, I have already seen an escalation in prices. Of course I am a poor basis for judgement since with the occasional exception I have often bought dear and sold cheap. Sigh.
DavidGB

[CSCameron]

I bought my first truck for $200 and drove it home.

In 1973.

LOL, I recently paid $2k and towed mine home. However, I actually think I got a deal... time will tell.

[Desoto61]

I've commented on the other forum about people my age and their interest in antique vehicles, but on the subject of prices I have a feeling that he's being optomistic, or I'm reading into it more than he means.

I don't think you're going to see the price climb in trucks you saw in muscle cars and similar, if for no other reason than I think that bubble has burst, and like houses I'm not sure we'll see quite that level of intensity again in either market.

I agree prices will climb somewhat as more people look to trucks as a lower cost way to get an antique vehicle. They also have a practicality as a secondary machine that you won't get out of an antique car. You can have a daily driver and the truck can be a Sunday drive for pleasure or to the home store for some lumber.

Outside of some niche markets though I'm not sure there's going to be any crazy high numbers associated with truck values like we saw with some other classes.