In­sur­ance com­pany Ca­role Nash claims to have iden­ti­fied Bri­tain’s clas­sic car hotspots – and most of them are in the Home Coun­ties

Classic Car Weekly (UK) - - News Analysis -

A re­cent sur­vey has found that Bri­tain’s in­fa­mous north/south di­vide now ex­tends to more than house prices and job in­comes, with more clas­sic car own­ers liv­ing in the south than in the north.

The study, by in­sur­ance com­pany Ca­role Nash among its cus­tomers, found that the home coun­ties of Kent, Es­sex and Sur­rey topped the charts with the largest num­ber of clas­sics in res­i­dence.

Kent had al­most dou­ble the per­cent­age of clas­sics com­pared to high­est placed north­ern county Not­ting­hamshire, with 6.07% of own­ers liv­ing in Kent as op­posed 3.25% in Not­ting­hamshire.

How­ever, it’s not a home­grown clas­sic that Bri­tish en­thu­si­asts have taken most to their hearts; the Volk­swa­gen Type 2 camper is the most pop­u­lar his­toric ve­hi­cle. MGBs, Mi­nis and Mi­nors run the peo­ple’s bus se­cond, third and fourth. Other Bri­tish clas­sics from Land Rover, Austin-Healey and Ford are also in the top 10.

Th­ese find­ings fol­low a sep­a­rate re­port that shows clas­sic cars have per­formed bet­ter than any in­vest­ment over the last decade when com­pared with other as­sets such as art, wine, stamps, and jew­ellery. They even out-per­formed coloured di­a­monds. The ‘the­o­ret­i­cal bas­ket of se­lected col­lectable as­set classes’, tracked over 10 years by the Knight Frank Lux­ury In­vest­ment In­dex, showed clas­sic ve­hi­cles giv­ing a 487% re­turn on money. Works of art and wine col­lec­tions could only muster 252% and 234% re­spec­tively.

This Ca­role Nash in­for­ma­tion is based on anal­y­sis of the 13,650 ve­hi­cles cur­rently cov­ered by its clas­sic car poli­cies. The cri­te­ria for this is that a ma­chine must be more than 15 years old, not the owner’s main car and have a low yearly mileage.

Be­tween them, Kent, Es­sex and Sur­rey shared 15.95% of the clas­sic tally. Af­flu­ent but crowded 11th-placed Lon­don had 2.92%. Per­haps un­sur­pris­ingly, bring­ing up the rear was the Shet­land Is­lands with 0.02% of the coun­try’s his­toric ve­hi­cles, al­though it does hold a very suc­cess­ful and well-at­tended clas­sic car show ev­ery two years in the cap­i­tal, Ler­wick.

In Kent 142 of its 827 clas­sics were Volk­swa­gens, help­ing the Ger­man mar­que gob­ble up a 15.2% mar­ket share. MGs

Thanet Clas­sics’ reg­u­lar meet at Mar­gate Har­bour at­tracts big crowds. In 2012 a record 130 ve­hi­cles turned up in­stead of the usual 35.

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