Surging numbers and values
Hagerty Insurance, the event sponsor, looked at how
rapidly the classic car market has developed and grown over the last few years and the issues this rate of growth Ð in terms of enthusiasts and classic car values Ð has created. One statistic, which had the
assembled delegates in animated lunchtime discussion, was the comparison of the investment returns of the stock market, gold, and classic cars. It was revealed that the classic cars gave on average a return four times larger than stock markets and double that of gold... and they are more fun!
Many people heard that classic cars were a better investment than gold, but few believed it.