Owning a classic car is often a childhood dream and despite the economy record prices are still being paid for classic cars. But can classic cars really make you money?
Throughout the financial crisis the classic car market has seen some price adjustment, particularly in makes and models that saw big gains in the years just prior to the downturn.
But overall, from the appraisals we track, very rare historical automobiles show an increase of nearly 10 percent in the past year and have been rising steadily of the last 30 years.
The benchmark for the classic car market is Monterey Week, which is held in August by several big name auction companies. While Monterey week sold $110 million worth of cars this week, which seems like a lot, it