The Fiat Dino, a small sports car produced between 1966 and 1973, has been named as the car that has risen the most in value over the last year. It has more than doubled in price, according to new research.
Classic car insurer Footman James claims that the small Italian sports car – an offshoot of the better-known Ferrari Dino – has risen in value by 113 per cent in just 12 months.
A list sorting the 12 cars whose prices soared the most includes a healthy mix of high-end, luxury vehicles such as the Lamborghini Miura as well as more everyday cars like the first-generation Volkswagen Golf GTI.
Interest in classic cars has been on the rise since the financial crisis of 2008, as they are seen to offer potentially higher returns than the low interest rates of many bank accounts. This has driven prices to climb drastically.
Liam Lloyd, of Footman James, said: "'The popularity of mainstream television shows and car events has also introduced a whole new array of people to the world of classics, reflected in an uptick of younger and female buyers. Nowadays a classic car is no longer just the preserve of middle-aged men."
Rounding out the rest of the top 10 was the Morris Traveller (35%), Jaguar E-Type (29%), Ferrari 275 GTB (28%), AC Cobra (28%) and Aston Martin DB4 (19%).
Completing the list are classic Porsche 911 generations, which saw a 15% rise and the Austin Healey, which increased in value by 14%.