Pennsylvania Antique Car Show Returns for 63rd Year in a Row

Every year, for the past 63 years in a row, a huge antique car show takes place in Hershey, Pennsylvania. People come to the show for a variety of reasons. Some people want to sell their classic cars while others just want to show them off. Some are looking to buy in order to grow their vintage vehicle collection.

 

Most people come to the show just to look at the antique cars and experience a little bit of auto industry nostalgia. The event will consist of over 1,000 classic cars on display. And, it is free to attend! There will be food vendors and other attractions to make it the perfect activity for families or people who just need something to do on a Saturday. So, if you live in the area, go check it out!

 

Even people who don’t have an interest in cars will have a good time at this event. Looking at old cars is like looking into the past. In today’s world, with battery-powered motors and self-driving cars, events like this make you realize how far the auto industry has come. Whatever the reason may be, this show attracts thousands of people from all over the country. It is a big deal in the community of classic car collectors, whether you are trying to make a profit or spend some dough. But, normal people with no intention to buy or sell still come to the event for a good time.

 

This event is a good example of how people can make a lot of money by selling antique cars. Collectors come to these events with plans to spend hundreds of thousands of dollars. And, as a result, many antique car restorers show up ready to sell. Making money selling antique cars is more lucrative than people think.

 

People with garages, auto mechanic experience, and a little bit of start-up cash can make tons of money selling to collectors. They do this by buying old cars in poor shape from anywhere they can find them. They take them back to the garage, fix them up, give them a new paint job, and do anything else necessary to get them ready to be driven on public roads. Then, they go to events like this one, where collectors and other enthusiasts are eager to buy. Antique cars, since they are so rare, can be sold for a much higher price than the average personal automobile.

Fire in Staunton, Illinois Destroys Millions of Dollars Worth of Antique Cars

A few weeks ago in Staunton, Illinois, a warehouse filled with over 150 classic cars was engulfed in flames. It took the work of firefighters from 13 different fire departments over the course of several hours to finally put out the flames. The Illinois State Fire Marshall told news outlets that they are not sure what started the fire, but that it is being investigated. The antique cars belonged to a company called Country Classic Cars, which is known for selling extremely valuable classic cars to collectors and enthusiasts in the surrounding area.

 

When the flames were put out, Country Classic Cars had lost millions of dollars worth of their inventory. Antique cars tend to be more expensive than normal cars, depending what shape they are in. The business’ owner, Russ Noel, told news outlets that the cars were well kept and of the highest value. Obviously, this is a huge loss for Country Classic Cars. As a business owner, how do you get over a loss this huge? All of that depends on the amount of insurance coverage that Noel purchased when he started the business. While this kind of information is not open to the public, there are a few insurance particulars that we can assume about this event.

 

First of all, many insurance companies offer antique auto insurance. Since classic cars are built differently and used for different reasons than normal cars, it makes sense for them to have their own separate type of insurance. But, it is unlikely that Noel purchased one antique auto insurance policy to cover all of these cars. Since he was planning on selling them, the cars would be treated as products, not as Noel’s personal vehicles. This means that they should be covered under some kind of business insurance policy.

 

It is likely that the cars lost in the fire are covered under a commercial antique auto insurance policy. If Noel purchased comprehensive coverage for the vehicles, then his insurance company will help cover the cost of replacing them, but only up to a certain price point. And it is highly unlikely that the policy agrees to pay more than a few million dollars. With the level of damage done in this particular scenario, Country Classic Cars will probably have to eat the cost of replacing the vehicles, with little help from their insurance provider.