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Market for classics is on the rise thanks to investors

The market for classic cars is continuing to creep up thanks to renewed attraction from investors.

Although prices are still below the astronomical heights achieved in the late 1980s, sales prices of the most desirable cars are on the up.

Chris Routledge of London-based specialist car auctioneer Coys said Ferrari Daytonas and Jaguar E-Types that were selling for £35,000 and £20,000 in the mid-90s were now fetching £200,000 and £100,000.

And there's more money to be made. "The feeling among the collectible car fraternity is prices are still relatively cheap," Routledge told The Guardian.

Independent dealers looking out for future classics should look to the 1980s and the first hot hatches, he advised. Demand has risen for the Audi Quattro since its appearance in the recent TV programme Ashes to Ashes, and excellent examples of Peugeot 205 GTi could become more valuable. Early Land Rovers have also increased in price recently.

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