Driving returns

Restorers are keeping busy as demand rises for classic cars.

Summary: Prices for collectible cars have soared up to 30% per year in the past five years. Supply is getting tighter, while demand is global, and some rare vehicles sell for more than $US50 million each. And interest in restoration is also growing. As the next generation increases in wealth, demand might improve for newer classic cars that they eyed as kids.

Key take-out: You’re better off buying a classic car that is already restored as an investment, instead of restoring it yourself – unless you are really passionate about the car.

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