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Collector plates were a hot market several decades ago when many consumers purchased them as investments as well as decorative objects. However, instead of increasing in value, most plates turned out to be worth much less than their original price.
According to the CCCA, classic cars were typically expensive to begin with, and produced in limited quantities. An antique vehicle, adds Greer, is generally at least 30 years old, which is the minimum age for historic or vintage plates in many provinces. If it's between 30 and 20 years old â which most clubs recognize those cars, the class they fall into is called late-model production, says Greer. A collector car isn't necessarily old. One of the most glaring examples of a modern-day collector car is the Ford GT, which was 2006 era. Ford made it to pay homage to their '60s GT sporty race cars, and they're very, very collectable, says Jeff Hill, president of Okotoks Collector Car Auction.