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- Why Gen Z is starting to get into car collecting Collecting classic cars is often viewed as a baby boomer activity. But times are changing. Gen Z is now entering the market, and they have different tastes. Chairman and CEO of Hagerty (HGTY) McKeel Hagerty tells Yahoo Finance autos reporter Pras Subramanian there has been a shift from baby boomers controlling the market to new generations starting make their marks. He argues there is a "rebalancing ... where vintage cars, the great ones especially, will continue to hold their value, but they may not be increasing in the way they were in previous years." Hagerty makes the case that Gen Z is still interested in driving and owning cars, which he considers "pretty good news when you think about the future of how people might collect. You start with what you drive every day. Then, when you make a little bit more money, you start owning the cars that you really want to have." What do they want? Cars from the 80s, 90s, and the early 2000s. So what advice does Hagerty have for younger car enthusiasts? He recommends they go to car events and get involved in the automotive community. He also advises "Spend the money that you can afford to spend. Buy something that you really like. Don't worry about whether that value is going to go up very much. Just have fun driving it." Watch the video above to hear Hagerty discuss the top cars collectors want and how video games are drawing more younger enthusiasts. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.
Yahoo Finance Video • 10 days ago
HGTY +2.20% - Hagerty Celebrates Car Culture in the Heart of Motor City with Return of RADwood Detroit and New 'Cars at the Station' Community Pre-Event Hagerty is thrilled to announce the return of an expanded, festival experience at RADwood Detroit – the ultimate '80s and '90s car and music festival – set against the backdrop of the iconic city of Detroit on Saturday, September 14 (11:30 a.m. – 4:00 p.m.) in Hart Plaza.
PR Newswire • last month
HGTY +2.20% - Hagerty to Participate in the KBW Insurance Conference on September 5th, 2024 Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will present at the KBW Insurance Conference at 4:35 p.m. ET on Thursday, September 5, 2024.
PR Newswire • last month
HGTY +2.20% - The Amelia Celebrates 30 Years of Global Motoring Excellence; Welcomes New Era of Automotive Passion The Amelia by Hagerty (NYSE: HGTY) celebrates 30 years of global motoring excellence as it returns to the breathtaking oceanside Golf Club of Amelia Island and The Ritz-Carlton Resort from March 6 – March 9, 2025. Tickets will be available for purchase starting September 12, 2024, at AmeliaConcours.com.
PR Newswire • last month
HGTY +2.20% - Motorlux Attracts 4,100 Guests to Celebrate Automotive Artistry, Luxury Travel, Culinary Creativity and Runway-Inspired Auction Motorlux, a Hagerty event, once again served as the iconic party that sets the stage for Monterey Car Week at the Monterey Jet Center on Wednesday, August 14, 2024. The luxury event represented the best-of-the-best including 225 enthusiast vehicles and 14 aircraft, all surrounded by the finest culinary creations and cocktails served by 25 local chefs.
PR Newswire • last month
HGTY +2.20% - Monterey Car Week 2024: Top 3 things to watch for at Pebble Beach Monterey Car Week — basically the Super Bowl week of the auto world — is upon us.
Yahoo Finance • last month
AMGDF ARGGY VLKAF - Is Hagerty (HGTY) Stock Outpacing Its Retail-Wholesale Peers This Year? Here is how Hagerty, Inc. (HGTY) and Tecnoglass (TGLS) have performed compared to their sector so far this year.
Zacks • last month
HGTY +2.20% TGLS - Hagerty Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags Hagerty ( NYSE:HGTY ) Second Quarter 2024 Results Key Financial Results Revenue: US$313.2m (up 20% from 2Q 2023). Net...
Simply Wall St. • last month
HGTY +2.20% - Global Vehicle Debuts, Iconic Cars and Luxury Aviation Pair with Local Wines, Superstar Chefs and Auction Action at Motorlux Motorlux will celebrate the start of Monterey Car Week at the Monterey Jet Center on Wednesday, August 14, 2024, alongside Broad Arrow Auctions for the first day of their two-day auction. Among the cars on display will be classic road cars like the Lamborghini Miura, modern supercars like the Bugatti Chiron and racing greats like the Lancia Stratos. The best regional wines will also be served alongside culinary offerings from 25 world-class chefs.
PR Newswire • last month
HGTY +2.20% - Hagerty Reports Second Quarter 2024 Results Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced today financial results for the three and six months ended June 30, 2024.
PR Newswire • last month
HGTY +2.20% - Hagerty Announces Former Amazon Executive Sean McMullan as Senior Vice President of Digital Marketplace and Valuation Hagerty, Inc., (NYSE: HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Sean McMullan, Amazon veteran and intrapreneur, as its new Senior Vice President of Digital Marketplace and Valuation, effective August 26, 2024.
PR Newswire • 2 months ago
HGTY +2.20% - Hagerty, Inc. (HGTY) Earnings Expected to Grow: Should You Buy? Hagerty (HGTY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks • 2 months ago
HGTY +2.20% - Hagerty to Report Second Quarter 2024 Results and Host Conference Call on Tuesday, August 6, 2024 Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2024 financial results before the market opens on Tuesday, August 6, 2024.
PR Newswire • 2 months ago
HGTY +2.20% HGTY-WS - Meet Gen-Z, America's Next Generation of Car Collectors Hagerty's 2024 "Future of Driving" survey indicates a strong and growing interest in collector cars, trucks and motorcycles among Gen-Z, defined as those born between 1997 and 2012. While nearly half (47%) of the respondents surveyed noted an interest in owning a classic car, Gen Z expressed significantly greater interest at 60%, compared to 31% of Baby Boomers.
PR Newswire • 2 months ago
HGTY +2.20% HGTY-WS Simply Wall St. • 2 months ago
HGTY +2.20% HGTY-WS MCBS- A Titan of Motorsport, the 1997 Porsche 911 GT1 Rennversion, Set to Headline the 2024 Broad Arrow Monterey Auction The 1997 Porsche 911 GT1 Rennversion Photo courtesy of Robin Adams The 1997 Porsche 911 GT1 Rennversion Photo courtesy of Robin Adams Grosse Pointe, Michigan, July 16, 2024 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is thrilled to announce it will present a true titan of motorsport and one of the most collectible of all Porsches extant, the 1997 Porsche 911 GT1 Rennversion, estimated at $8,500,000 - $10,500,000. Chassis 993-GT1-108 is one of just nine customer GT1s
GlobeNewswire • 2 months ago
HGTY +2.20% HGTY-WS - Hagerty Names Insurance Veteran Anthony J. Kuczinski to Hagerty's Board of Directors Hagerty, Inc., (NYSE: HGTY) an automotive enthusiast brand and a leading specialty vehicle insurance provider, announced today that Anthony (Tony) J. Kuczinski, former Chief Executive Officer of Munich Reinsurance US Holdings (Munich Re US), will join Hagerty's Board of Directors, effective July 9, 2024.
PR Newswire • 2 months ago
HGTY +2.20% HGTY-WS - Hagerty Announces Expiration and Results of Warrant Exchange Offer and Consent Solicitation Hagerty, Inc. (NYSE: HGTY) (the "Company" or "Hagerty"), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced today the expiration and results of its previously announced exchange offer (the "Offer") and consent solicitation (the "Consent Solicitation") relating to its outstanding (i) public warrants (the "Public Warrants"), (ii) private placement warrants (the "Private Warrants"), (iii) underwriter warrants (the "Underwriter Warrants"), (iv) OTM warrants (t
PR Newswire • 3 months ago
HGTY +2.20% HGTY-WS - Hagerty Drivers Club Launches "HDC Days" Celebration for its 830,000 Members from June 21- 23 Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, is hosting Hagerty Drivers Club "HDC Days," a celebration of the largest automotive membership in the world and ultimate community for car lovers, from Friday, June 21 through Sunday, June 23. Our over 830,000 members can participate in more than 20 live events across the United States and Canada which can be found at: hagerty.com/drivers-club/hdc-days.
PR Newswire • 3 months ago
HGTY +2.20% HGTY-WS - Hagerty Commences Warrant Exchange Offer and Consent Solicitation Hagerty, Inc. (NYSE: HGTY) (the "Company" or "Hagerty"), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced today that it has commenced an exchange offer (the "Offer") and consent solicitation (the "Consent Solicitation") relating to its outstanding (i) public warrants (the "Public Warrants"), (ii) private placement warrants (the "Private Warrants"), (iii) underwriter warrants (the "Underwriter Warrants"), (iv) OTM warrants (the "OTM Warrants" and collecti
PR Newswire • 3 months ago
HGTY +2.20% HGTY-WS
Performance Overview
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is S&P 500
| Return | HGTY | S&P 500 |
|---|---|---|
| YTD | +36.79% | +20.57% |
| 1-Year | +34.89% | +35.98% |
| 3-Year | +5.75% | +31.99% |
