From The Drive · Joel Feder · · 2m
Celebrities Think They Want Classic Cars. The Man Who Built Theirs Says They Don't
Celebrities want classic cars but the man who built their modern versions says they don't actually want the old experience.
In brief
Celebrities want classic cars but the man who built their modern versions says they don't actually want the old experience. Chau Nguyen, founder of Vintage Modern, explains celebrities don't want classic cars but need modern safety features. Originally reported by The Drive.
The Business of High-End Car Restorations
The business of high-end car restorations is extremely competitive and booming.
Reverse Restomods Explained
Reverse restomods turn new vehicles into classic-looking cars with modern safety features.
Why Celebrities Don't Want Classic Cars
Celebrities don't want the smell, functionality, or reliability of classic cars but just the look.
Chau Nguyen's Background
Chau Nguyen is the founder and CEO of Vintage Modern, a company that makes modern classic-inspired cars.
The Safety Concern
Nguyen says safety is critical for wealthy buyers who have kids and families.
LeBron James Experience
Nguyen delivered a Vintage Modern truck to LeBron James and worried about safety.
The Inflection Point
Nguyen realized customers wanted modern cars with safety features, not classic cars.
FMVSS Compliance
Vintage Modern vehicles pass FMVSS compliance, including crash tests with dummies.
The Demographic Shift
The market shifted from men to women, with 60% of customers being women.
The Price Point
Vintage Modern cars cost over $250,000 and target high-end luxury buyers.
The Product Evolution
Vintage Modern moved from restoring classic cars to building modern classic-inspired vehicles.
The Crash Test
Vintage Modern vehicles undergo crash tests to ensure safety and FMVSS compliance.
The Market Shift
The market for modern classic cars has grown rapidly with over 150,000 vehicles sold annually.
The Demographic Shift
The market shifted from men to women, with 60% of customers being women.
The Product's Future
Vintage Modern plans to continue building modern classic-inspired vehicles for high-end buyers.
The Consequence
Vintage Modern has created a new market segment for modern classic cars with safety features.
The key point
Chau Nguyen, founder of Vintage Modern, explains celebrities don't want classic cars but need modern safety features.
