Happy New Year from all at KWE Cars! To celebrate, we’ve compiled a list of the top classic car news stories from the last couple of months… Still good news for classic car owners!
Classic cars have been one of the best performing alternative assets in the past year and going back further than that. Investors and enthusiasts have seen returns of up to 487% on classic motors such as Ferraris and Jaguars over the past decade.
The returns can be miles ahead of shares and property, but what are the best ways to invest and how can you make sure your investment doesn’t breakdown?
Classic and Vintage cars are proving to be excellent investments. Classic cars were the top-performing asset class in property consultancy Knight Frank’s Luxury Investment Index in Y2015, and they rose by 16% in Y2014.
The index rose overall by 10% last year, growing by a very healthy 205% over the past 10 years. Classic and Vintage cars have been the strongest performer over both the long and short term.
The Historic Automobile Group (HAGI) known for its classic car indexes, has shown that the market for the very rarest of classic cars has risen by 487% over the past 10 years, and grew 16% last year, following the index’s 47% rise the year before.
As we enter a new year, our thoughts turn to the 2016 events season. So grab that calendar, and prepare to note down the ‘must-attend’ meetings this year…
So-called passion investing — allocating wealth toward high-value collectibles — has been around for about 10 years and is now expanding into the classic car arena.
Classic cars are gaining attention due to their nearly 500% returns over the past decade, outpacing art and wine by more than 100%, as reported by the Knight Frank Luxury Investment Index.
It’s been a year seemingly crammed with auctions and, while some trends are in line with those from last year, overall it’s a fairly different picture. Have a look at the top 10 most expensive cars sold at auction in 2015…
If you’re looking to get your 2016 off to a flyer, get in touch with the classic car engineering experts at KWE Cars. We’re experts in restoring Jaguar XJ-based models back to ‘better than new’ quality. Call us on 01635 30030, ‘like’ us on Facebook or follow us on Twitter.