The Volvo P1800 came top of the list in a ranking of classic cars that have increased most in value over the last decade, according to new research.
The value of a P1800 has grown by 283% since 2010 — adding an extra £21,569 ($28,765) to its value, according to the study by Vanarama.
Across the study of affordable classics, both more modern and traditional, the average value increase over a decade was 97%. The study found the top most 10 most appreciated classic cars under £15,000 and tracked their increase in value five times between 2010 and 2020 based on the average price for a second hand car standing at £15,000, according to the National Franchised Dealers Association (NFDA).
The 1981 Mazda RX-7 came in second place having gone up by £7,628 in 10 years — an increase of 239% over the past decade.
At number three on the list was the classic 1972 Volkswagen Beetle which has risen in value by £10,285 since 2010, up 157%.
The 1968 Datsun 510 came in at number four, as it increased in value by £4,695 — a jump of 132%.
In fifth place was the 1983 Land Rover Defender which added on average £15,464 to its value — and extra 113% on its price tag at action compared to 2010.
The research also compared the returns that could be made on classic cars with how much money could be made through traditional investments. The study looked at how the value of commodities like stock, property and art would increase in value if £15,00 — the price of the average second-hand car — was invested.
Stocks gained the most in value over the past decade, increasing by 107%, according to the study based on Hagerty data.
However, the top five cars in the research all gained more value over 10 years than traditional investments including precious metals (45%), art (49%), and UK property (50%).
Top 10 classic cars that have increased most in value over the last decade:
Volvo P1800 (283%)
1981 Mazda RX-7 (239%)
1972 Volkswagen Beetle (157%)
1968 Datsun 510 (132%)
1983 Land Rover Defender (113%)
1968 Fiat 124 Spider (81%)
1976 Alfa Romeo GTV (80%)
1968 Ford Mustang GT (67%)
1979 Jaguar XJ-S (39%)
1971 Triumph Stag Mk1 (15%)
WATCH: Meet the five fancy cars sold for millions