The weak value of the pound sterling has led to large profits for classic car owners willing to sell to overseas buyers, according to Glass’s Guide.

A great return on investments made before 2008 is offered to sellers of classic left-hand drive cars in good condition on the European market.

Prior to 2008, Glass’s 75th anniversary year, the euro was just under €1.50 to the pound. Now, with the currencies almost on par, Britons looking to sell their classic car could benefit from the exchange rates, according to the motoring guide company.

John Glynn, older car editor at Glass’s, said many classic car values have risen by around six per cent year-on-year since 2007, profits could be as much as £9,000 for some sellers.

Private owners are not the only winners, with dealers reporting strong sales on left-hand drive cars.

Buyers in Europe and the US have snapped up some cars before they were even displayed in showrooms or on forecourts.

Mr Glynn added that classic cars are "a good investment tool" if buyers know the car market and have a keen interest.

Please share your thoughts

You must be logged in to post a comment.