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More women buying into classic car market than ever before

Wednesday 12 October 2016, By Autovolo

More women buying into classic car market than ever before

More women buying into classic car market than ever before

A new survey has revealed that more women than ever are joining the male-dominated classic car market.

In a study of 2,009 adults conducted by classic car insurance broker Footman James, it was found that 26 per cent of women would now consider buying and owning a classic car.

On top of this, it was also found that that the number of women owning a classic car had increased by 40 per cent over the past two years. With this figure in mind, it is predicted that women will account for 11 per cent of the overall market by the end of this year.

The survey also showed that women were savvier than men when it came to identifying appreciating classic cars.

Liam Lloyd, from Footman James, said: “Nowadays the classic car market is no longer an old boys club, with female owners proving their savviness when it comes to picking the top performing models. The popularity of mainstream media has introduced a whole new array of people to the world of classics, reflected in the rising interest from female buyers across the country.

“However, for any buyer, regardless of age or gender, it’s important to keep a few top tips in mind. Look to buy the best, seek expert advice, don’t be afraid to ask questions and monitor the market. Also, while it’s natural to focus on potential increases in value – it’s just as important to make sure it’s a car you actually like. After all, there’s a reason it’s often called a passion purchase.”

The survey also found that Birmingham was the city with the greatest number of female classic car owners, coming in front of Tonbridge and Bristol.