Over the past 10 years, the value of classic and luxury cars, as measured by the Knight Frank Luxury Investment Index, has increased by 467 per cent. To put this incredible performance in perspective, this compares with a rise of just 111 per cent in the top end of the London residential market. Hedge fund managers saw returns of only 7.73 per cent over the same ten-year period. The index has reported a continued rise of 17 per cent over the course of 2015 alone. Due to this meteoric rise in value, classic cars are beginning to be recognised as an asset class in themselves, rather than just high-value collectibles.

Buying a classic car is clearly a smart investment choice, particularly as the stock market is volatile and interest low post-Brexit. At a time when there is little benefit to keeping cash in the bank, why not invest in an asset that will

Happy New Year from all at KWE Cars! To celebrate, we’ve compiled a list of the top classic car news stories from the last couple of months… Still good news for classic car owners!

Classic cars have been one of the best performing alternative assets in the past year and going back further than that. Investors and enthusiasts have seen returns of up to 487% on classic motors such as Ferraris and Jaguars over the past decade.

The returns can be miles ahead of shares and property, but what are the best ways to invest and how can you make sure your investment doesn’t breakdown?

Classic and Vintage cars are proving to be excellent investments. Classic cars were the top-performing asset class in property consultancy

Classic insurers say owners have unwittingly kept their cars’ agreed values at the same levels for years, despite recent price surges, particularly for 1970s and ’80s models.

Marcus Atkinson, marketing director at classic car insurer Hagerty, said the majority of classic cars are under-insured simply because owners are unaware of how much their cars have increased in value after recent price rises.

New Top Gear presenter, Chris Evans, is selling off £11million worth of classic cars at auction next month. Evans, who is replacing Jeremy Clarkson as the new presenter for the BBC show, has consigned 13 cars to the Bonhams Goodwood Revival Sale including Chitty Chitty Bang Bang.

The items include the rare right-hand drive 1966 Ferrari 275 GTB/6C Alloy, with an estimate of £2.6-2.9m, the 1971 Ferrari 365 GTS/4 ‘Daytona’ Spider,

The Knight Frank Luxury Investment Index notes that classic cars have beaten everything from art, watches and coins over the past 1 year, 5 years and 10 years. This is telling people that classic and vintage cars are a viable investment asset class.

The focus on classic and vintage cars is not about collecting now but about investing. The strong returns have attracted many in the classic and vintage car world seeking financial gain as the primary goal.

Along with buying art or wine, a classic car is one of those investments that can potentially bring you joy while you own it, as well as providing a smart place to hold your money. And let’s face it, when you can take the top down off your very own E-type Jag and cruise

Classic car experts have warned that chrome plating will disappear as a decorative feature from 2019 if new EU regulations come into force. The EU seeks to prevent the use of hexavalent chromium, which it views as a carcinogen and is on its list of banned substances.

The proposed substitute, trivalent chromium, has caused concern for plating companies as it’s not viewed as tough enough to withstand the rigours of everyday driving. Unlike hexavalent, trivalent does not self-repair – if the surface is scratched the part is likely to corrode.

As classic car parts are often no longer in manufacture, the ability to re-chrome existing parts is important for restorers. Unless an exclusion to the ban is sought and granted, this option will no longer be available to us in Europe.