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Classic trucks and muscle cars posted notable value declines recently.

Jeep CJ-7 suffered biggest drop, falling 22 percent during Q2 2026.

High-end collectibles remain strong but mainstream car values soften.

For years it felt like collector car prices only moved in one direction. Now the market is delivering a reminder that even automotive icons aren’t immune to gravity, with several long-time enthusiast favorites posting surprisingly sharp value declines.

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According to Hagerty’s latest market update, some of the biggest losers include vehicles that were previously considered among the safest bets in the hobby. Leading the list is the 1976 to 1986 Jeep CJ-7 , which saw average values tumble by 22 percent.

Related: If Dodge Built A Charger Hellcat In 1971, It Would Look Like This

1986 Jeep CJ-7 Laredo ( Mecum )

That’s a significant shift for a vehicle that has enjoyed years of strong demand. Hagerty says CJ-7s have increasingly struggled to meet previous price expectations, with some examples selling below estimates while others simply sit unsold.

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1969 Buick Riviera GS ( RM Sotheby’s )

Further down the list the 1968 to 1972 torque-monster Buick GS muscle car dropped 18 percent, the beloved split-window-era Volkswagen Type 2 Bus fell 16 percent, and the high-revving and highly desirable 1970 to 1972 solid-lifter, small-block Corvette LT1 slid 15 percent. Even the first-generation Ford Bronco wasn’t spared, posting a 12 percent decline.

When Buses Went Bonkers

1975 Volkswagen Type 2 15-Window Bus ( Mecum )

Many of these vehicles were poster children for the recent collector boom. Early Broncos became restomod darlings and VW Samba buses spent years achieving prices that would have seemed absurd a decade earlier – some even changing hands for more than $200,000.

That doesn’t necessarily mean the sky is falling. Hagerty’s full market analysis suggests the collector world is increasingly splitting into two separate camps. While the most expensive blue-chip collectibles continue to attract deep-pocketed buyers, mainstream enthusiast vehicles are cooling.

1971 Ford Bronco ( Mecum )

Private-sale activity has softened, insured value increases have slowed, and average transaction prices have come under pressure. So this isn’t really a story about enthusiasts suddenly hating Broncos, Corvettes , or classic Jeeps. It’s more likely a correction after years of rapid appreciation, combined with a more cautious buying environment.

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For anyone who spent the past few years watching dream cars climb beyond reach, however, there’s a silver lining. The collector market may finally be giving buyers some bargaining power again.

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1970 Chevrolet Corvette LT-1 Coupe ( RM Sotheby’s )

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A U.S. service member was killed on Saturday “during a controlled detonation of unexploded ordnance” in northern Iraq, U.S. Central Command said.

The unexploded ordnance was from a “downed Iranian one-way attack drone,” Central Command said in a statement released Sunday.

The death of the U.S. service member in Iraq follows in the wake of two U.S. service members killed in action on Friday in an Iranian ballistic missile and drone attack on U.S. and partner forces in Jordan, U.S. Central Command announced .

Four more troops had to be medically evacuated to hospitals in Jordan.

Those four service members have since been discharged, the command added.

“Other personnel who were evaluated for minor injuries have returned to duty,” the release stated.

U.S. Central Command originally noted that a third U.S. service member was missing, however, CENTCOM announced today that “After a thorough search, U.S. military personnel found unidentified remains at the location earlier today. An examination process to verify the remains is ongoing.”

U.S. Central Command is withholding the identities of the dead until 24 hours after the service members’ next of kin have been notified.

Additional information about the exact location of the attack had not been provided as of publication.

The latest casualties bring the toll of American troops killed in the war with Iran to 18.

Most recently, the commanding officer of the Navy’s Helicopter Sea Combat Squadron 5, Cmdr. Gabriel Edwards, was killed on July 1 when the MH-60S Sea Hawk helicopter he was aboard went down in the Arabian Sea. Three other sailors were rescued following the emergency landing.

More than 400 U.S. troops have been wounded in the campaign, which began Feb. 28.