Ever considered a classic car as an investment? Given some collectible models can reap bigger financial returns than art, property, fine wine and jewellery, it’s a thought that has likely crossed the minds of many petrolheads… though the fear of choosing the wrong car has turned them off.

But what if you had expert insight into which vehicles are likely to see a gain in the coming months and years?

That’s exactly what Hagerty UK’s Bull Market Report aims to do – a data-crunching exercise to earmark motors from the past that are ripe for appreciation, beginning this year.

Below are its top picks for 2024, with the cheapest of the models available today for less than £2,000 

The Bull Market report is compiled by Hagerty UK’s team of classic car boffins who annually pull together a list of motors they believe are solid four-wheeled future gainers from 2024. 

Its global data analysts spend months identifying cars which offer the best mix of great ownership experience and financial reward by tapping into unrivalled market data on private and auction sales results as well as fluctuations in insurance premiums. 

The results are then further examined to find indicators that suggest a car is rising in value and is increasingly in demand amongst car enthusiasts.

Note that while the Hagerty Bull Market is aimed at people who want to find, buy, and drive a classic or modern classic vehicle, the recommendation is to always choose a car the buyer likes first and foremost. If the car later delivers a healthy return financially, that should be considered as an added bonus.

The selection of cars in the 2024 Hagerty Bull Market is as wide and diverse as ever, meaning there should be a car to suit most tastes and budgets.

John Mayhead, editor of the UK Hagerty Price Guide, said: ‘The Bull Market is a highlight of my year. Working with our Hagerty analysts around the world to identify what we forecast will rise in value and is interesting and fun to own is really rewarding. 

‘This year’s UK Bull Market list is the most eclectic ever, and I think it reflects the diversity of the classic and collector market here in the UK.’

Here’s the eight cars it has recommended for 2024… 

1. Alvis Speed 20 & 25 (1932–1940)

Average value today: £52,000–£99,400 

2. Austin J40 (1949–1971)

Average value today: £1,500–£10,800

3. Daimler Six (1994–1997)

Average value today: £1,600–£12,500

4. Ford Escort RS Turbo (1985–1991)

Average value today: £8,200–£35,800 

5. Honda S2000 (1999–2010)

Average value today: £11,500–£22,000

6. Maserati Indy (1969–1975)

Average value today: £39,000–£69,000 

7. Porsche 911 (997.2) GT3 RS 4.0 (2011)

Average value today: £290,000–£560,000 

8. TVR Cerbera (1996–2003)

Average value today: £27,100–£41,200