Hagerty Marks Down Six Vintage Trucks, With the GMT400 Off 11 Percent

Hagerty published a breakdown on November 5 of six vintage trucks and SUVs that lost ground in the latest update to its Price Guide. The steepest cut went to the 1988-2000 Chevrolet GMT400, down 11 percent on average, with the median condition #2 (Excellent) value now at $25,600. That is off a figure that had roughly doubled from about $15,000 to about $30,000 across 2021 and 2022.

The rest of the list, with Hagerty's average decrease for each:

• 1992-96 Ford Bronco, down 5 percent. The median #2 value went from $21,200 in 2019 to $61,000 this spring, then back to $58,000 in this update.
• 1973-91 Chevrolet C/K, down 4 percent. Two consecutive quarterly declines, most versions off 4 percent in this update after 3 percent in the previous one.
• 1975-79 Ford F-150, down 4 percent. The median #2 value peaked at $47,100 last year and now sits at $41,200. Condition #3 (Good) went from $22,500 to $18,500.
• 1958-83 Jeep CJ-5, down 3 percent. Median #2 peaked at $26,700 in 2023 and is now $16,700. Condition #3 fell from a high of $19,400 to $12,400.
• 1968-83 Toyota FJ40, down 3 percent. Median #2 is $51,600, almost exactly where it started 2026. Hagerty calls this one stagnation rather than a stumble.

Worth noting where the softness sits. Bronco condition #3 values are $24,000 against $15,700 in 2019, so the money is coming out of the best cars rather than the whole segment. The top-condition tier ran furthest and is giving the most back.

The transport angle

The number that matters operationally is declared value. Cargo coverage on an enclosed load responds to the vehicle's actual value at the time of loss, not to the figure an owner wrote on a booking sheet two years ago. A CJ-5 still carried at a 2023 declared value is insured roughly $10,000 above what the current book supports, and that extra ceiling is not collectable. It is coverage the owner is paying for and cannot use. Our enclosed shipping insurance guide covers how the valuation question gets settled on a claim.

The error runs the other way too. A Bronco in good rather than excellent condition is worth about 50 percent more than it was in 2019. An owner who set a declared value back then and never revisited it is now underinsured on a vehicle that has appreciated through the whole cycle, including this quarter's pullback.

These are also awkward vehicles to load, which is a separate cost from what they are worth. Short wheelbases and tall bodies change how a vehicle sits in an enclosed trailer and which deck position works. Open-body Jeeps and soft-top Broncos cannot be handled like a closed coupe. Period tie-down points are often the only structure available, which pushes toward wheel nets over frame hooks. Lifted suspension and roof racks eat into the height budget on a lower deck slot. See top load vs. bottom load and soft vs. hard tie-downs for how those decisions get made on the trailer.

What to do about it

Re-set the declared value against the current book before the vehicle moves, not after. Get the agreed figure written into the booking confirmation rather than left to a conversation. If the number changed materially since the last time the vehicle shipped, say so when you request the quote, because it affects which carriers in our broker network will take the load.

Ask whether the price assumes a top or bottom position and what the deck height limit is. For a lifted truck or a vehicle on period tires, that answer decides whether the quote survives contact with the trailer. If the truck is a project that does not run or steer, flag it at the quote stage, since winch loading is a different booking. The non-running vehicle guide sets out what is needed.

November and December are thin weeks for enclosed capacity on the northern lanes as snowbird volume takes the equipment south. If a truck changed hands at a reset price in this window and needs to move before the Arizona auction cycle in January, book early rather than waiting for the title to clear. Our classic transport service page outlines the handling standard these vehicles need, and cost ranges come from our own model rather than from a market index.