‘Quar­ter of women con­sid­er­ing clas­sics’

Sur­vey says Mor­ris is most pop­u­lar mar­que, Birm­ing­ham most pop­u­lar city for fe­male fans

Classic Car Weekly (UK) - - News - Tom Sey­mour

The clas­sic car in­dus­try has recorded a boost in fe­male en­thu­si­asts – a 40% jump in the last two years. Ac­cord­ing to data from clas­sic car in­sur­ance bro­ker Foot­man James, more than a quar­ter of women are also now con­sid­er­ing in­vest­ing in a clas­sic for the first time.

Foot­man James polled more than 1025 women and used data from 55,000 poli­cies. Nos­tal­gia was the big­gest driv­ing fac­tor be­hind own­er­ship at 21%, fol­lowed by 19% say­ing they were en­cour­aged by a fam­ily or friend and then 17% were at­tracted by the po­ten­tial in­vest­ment.

The re­main­ing split of rea­sons was low in­ter­est/re­turn rates on sav­ings ac­counts, vo­latil­ity/un­cer­tainty of stock mar­kets, lack of trust or con­fi­dence in other in­vest­ment ve­hi­cles, ad­vice from a fi­nan­cial pro­fes­sional, pop­u­lar cul­ture or ex­po­sure by me­dia.

The top clas­sic car makes owned by women are Mor­ris, Volk­swa­gen, MG, Mazda and Land Rover. The re­search also high­lighted that women are bet­ter than men at iden­ti­fy­ing the most ap­pre­ci­at­ing mod­els. When Foot­man James asked re­spon­dents to name any of the top five clas­sic cars that have risen most in value in the past year fe­male driv­ers cor­rectly iden­ti­fied two on aver­age, while men iden­ti­fied just one. Women suc­cess­fully picked out the Lam­borgh­ini Miura and the Land Rover De­fender – which saw in­creases in value of 62% and 43% re­spec­tively over the past 12 months.

The re­main­der of the top five clas­sics was made up of the Peu­geot 205, the Volk­swa­gen Golf MkI GTI and the Fiat Dino, with the 1966 clas­sic surg­ing in value by 113% in the last year alone.

Birm­ing­ham was the city with the high­est num­ber of fe­male own­ers, un­sur­pris­ing given the pop­u­lar­ity of the Clas­sic Mo­tor Show held at the NEC and the mo­tor­ing heritage of Long­bridge.

A Foot­man James spokesper­son says: ‘With nos­tal­gia be­ing the big­gest rea­son be­hind own­er­ship I think that fits in across the board with the pop­u­lar­ity of vin­tage be­ing pop­u­lar as a fash­ion trend whether that’s cloth­ing, decor or cars. Nowa­days the clas­sic car mar­ket is no longer an old boys’ club, with fe­male own­ers prov­ing their savvi­ness when it comes to pick­ing the top mod­els.’

One owner, who can only be re­ferred to as Deb­bie, shared her story with Foot­man James. She re­calls: ‘I was told by my hus­band I would never be able to drive a clas­sic sports car. In 1998 I di­vorced him and bought a 1973 MGB GT.’

A spokesman for MG Car Club said its club and events are open to all. He adds: ‘How­ever, it’s good to see there are more fe­male en­thu­si­asts at­tracted to the clas­sic car scene.’

Mar­tine in the car as a child in 1968. She now owns and main­tains it.

in­surer, Mar­tine, one of the women sur­veyed by the left he r. with a 1966 Tri­umph Her­ald her grand­mother

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