Which classic car manufacturer should I invest in? Pete, Australia

The classic car market is in exceptional health at the moment, with the Historic Auto Group's price index of leading classic cars up 10.33% since the start of the year.

In that time we've seen a new £4.7m record for a Rolls-Royce and a 1928 Birkin Bentley become the world's most valuable British-built car ever auctioned, selling for £5m.

And while these figures are extremely impressive, buyers looking for more solid investment material will do well to consider another marquee, Ferrari.

According to the Historic Auto Group's index the value of classic Ferraris is up 9.49% since the start of the year, following growth of 10.58% in 2011, while a Ferrari 250 GTO became the second most expensive car ever auctioned when it made $31.6m in February.

And I feel confident values will continue to rise due to the wonderful story of Ferrari, the timeless elegance of the vehicles, and, most importantly, their global appeal - it is a marque loved around the world.

Yet of course these figures only reveal the broad market trends, values will rise more sharply for some models, while others will remain relatively flat, so it is vital that you do your homework.

My personal tip for a Ferrari that could grow significantly in value over the coming years is the 365 GTB/4 Daytona. Currently underappreciated at around the £160,000 ($250,000) mark, I can see values doubling over the next decade.