Classic VW BuGs US News and World Report on How to Invest in Classic Cars

For many Americans, owning an automobile is a necessity, but depreciation and other costs nearly ensure that it’s also a poor investment.

But not always.

During the last decade, more investors have been jumping on the classic-car bandwagon, buying antiques and otherwise prized automobiles as an alternative to traditional investing. The demand has helped push the value of classic cars up nearly 500 percent in the decade ending in 2014, according to the Knight Franklin Luxury Investment index.

What’s driving values? The Internet, for one. The amount of information available on the Web, as well as the ease with which data can be found, has removed a lot of the footwork necessary to ensure a particular car is worth purchasing, says Alain Squindo, chief operating officer at RM Sotheby’s, an auction company that specializes in rare and collectible automobiles.

READ MORE HERE