Classic cars prove a much better investment than hedge funds

Darren Cassey

Figures released by an investment firm show that over the past 10 years, classic car values have soared by 467 per cent, compared with just 7.83 per cent for hedge funds over the same period.

The Frank Knight Luxury Investment Index found the classic car market has been in an exceptional growth period over the past decade. Vehicles are regularly being sold for astronomical figures as investors attempt to cash in on the rising values.