HAGI classic car index rises 10.33% in August

The classic car market soared in value in August, the latest figures from the HAGI Top 50 Index reveal.

The Historic Auto Group's price index of leading classic cars grew by 12.29% during the month, boosted by strong performances at the Monterey auctions.

Ferrari - up 14.91% in August, helped by this $8.5m 250 GT California Spyder at RM Auctions

It is now up 21.49% since the start of the year, comfortably outstripping the paltry 1.7% gains offered by the FTSE100 to date.

Ferraris enjoyed a particularly strong month, up 14.91% - the biggest increase for the marque since the index was established in 2008. The value of classic Ferraris is up 26.39% since January.

The figures are great news for car enthusiasts looking to profit from their collection in the coming years, and suggest that we are in the midst of a significant shift in the overall values of classic automobiles.

Paul Fraser Collectibles will continue to bring you comprehensive coverage of the classic car market, so make sure you're a regular visitor.

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