The number of women buying classic cars has shot up by 40% in the past two years, according to Footman James, a subsidiary of Towergate.

The insurance broker for classic cars claimed that a quarter of women would now consider buying a classic car.

The survey of 2,000 adults also found that the average age of a female owner has fallen to 52 years, and female customers are expected to account for 11% of the market by the end of 2016.

Birmingham was the city found to have the largest number of female classic car owners, according to Footman James.

Of the people surveyed, women were more likely to correctly identify classic cars that have risen in value, choosing the Lamborghini Miura and Land Rover Defender, the values of which increased 62% and 43% respectively in the last 12 months.

Footman James reported that men spent £1,700 on classic car maintenance, compared with £1,500 for women, and 21% of women cited nostalgia as a primary influence for buying a classic car.

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Liam Lloyd, marketing communications manager at Footman James, said this reflected the changing classic car market.

Lloyd said: “Nowadays the classic car market is no longer an old boys club, with female owners proving their savviness when it comes to picking the top performing models.

“The popularity of mainstream media has introduced a whole new array of people to the world of classics, reflected in the rising interest from female buyers across the country.”