HAGI classic car index realises strong growth for June

The HAGI classic car index indicates significant growth in the market for June, which will please investors after disappointing figures in May.

The overall value of the index has almost tripled over five years to 299 after starting out at 100 in 2008.

Ferrari Testarossa
Ferrari showed significant growth in June

Ferrari achieved particularly strong results in June, growing 6.3% to 315.9. This marks the strongest growth for the marque this year to date.

Porsche and Mercedes-Benz also achieved strong results.

The numbers bode well for the future, as investors continue to store their finances in high-growth alternative asset markets away from the perils of the financial sector.

The storm brewing in Europe over the Grexit and the overall integrity of the Euro is likely to continue to influence matters.

HAGI comments: "By comparison global equity markets corrected MOM (in US$, GBP, Euro terms) due to growth concerns for China and Europe as well as declining oil prices.

"At the same time collectors seem to be comfortable allocating additional funds to 'alternative´ alternative assets, including classic cars."

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