Economic Impact
American car culture generates enormous economic activity beyond basic transportation. The specialty equipment market exceeds $40 billion annually, supporting thousands of businesses from major manufacturers to individual craftsmen. Automotive events contribute significantly to local economies through tourism, vendor fees, and related spending.
Classic car appreciation creates investment markets, with certain vehicles commanding six-figure prices. This appreciation supports restoration industries, parts reproduction, and specialized services. Insurance companies offer classic car policies recognizing vehicles’ collector status rather than mere transportation function.
