Luxury franchise specialist HR Owen has announced it will be launching a new classic car sales and service division.

The group said it would use its “unrivalled network of worldwide contacts” to source and sell classic cars from all over the world.

The new business will specialise in  iconic Ferraris, Lamborghinis, and Aston Martins of the ‘80s and ‘90s.

HR Owen will launch the new business with a stand at the Classic and Sports Car – The London Show, held at Alexandra Palace from October 30 to November 1.

Tom King, HR Owen marketing director, said: “For the past few years we’ve been watching the ever-growing classic car market and listening to an increasing amount of HR Owen customers who either want to buy a classic from us or want us to help them source a classic.

“But before we fully committed ourselves to the classic car market we wanted to make sure we had an offering worthy of the HR Owen name.”