Which classic cars make the best investments?

Classic cars have excelled as an investment asset class, with the value of the Historic Automobile Group International index rising by 16% in 2014. Yet it is more 'modern' vehicles that are able to grow in value and are attracting investors' attention, says Chris Knowles, managing director of KWE Cars.

The classic car market is now worth more than £6bn in the UK, employing thousands across the country as demand increases. This growing market falls in line with the fact that more motorists are turning to classic cars as their vehicle of choice. Owning a modern car can be frustrating, as its value depreciates rapidly within the first 12 months of ownership. Comparatively, a classic car is more likely to retain its value - it may actually increase if restored and maintained to a high standard. For some, the decision is driven by nostalgia, while for others it may be the desire to stand ou...