‘Quarter of women considering classics’
Survey says Morris is most popular marque, Birmingham most popular city for female fans
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