The next hot buy in the classic car world could be the Mazda MX-5 Miata, former late-night comedian and car guru Jay Leno said.
“I think the Miata will be the Ford Mustang of the next generation,” he told Business Insider.
Leno said the car could become a hit because there are so many out there. More than 1 million have been sold since it first rolled off production lines in 1989.
The Miata wasn’t the only car Leno said collectors should keep an eye on. He said he could also see a Toyota model joining the classics ranks.
“I think you’ll see the first-generation Priuses where people will say look how simple it is compared to the modern stuff,” he said.
Leno also said electric cars built in the 1990s and 2000s could become one of the next big things.
“I think you’ll see people collecting the first generation of electric cars,” he said.
The comedian said tomorrow’s classic car market will likely be fueled by what parents drive today.
“It’s whatever you grew up in. It’s whatever you went to your prom in. It’s whatever your dad used to take you to Sunday ice cream in,” Leno said. “That’s the car the next generation will collect.”
“It’s as much about the memories as it is about the car.”