The classic car market has cooled down a bit, freeing up some potentially lucrative longer term investment opportunities. 

The Hagerty Market Rating saw its first increase of 2017 in March with a small jump of 0.36 to 67.03. This industry benchmark measures the current status of the collector car market in terms of activity or "heat"; directional momentum; and the underlying strength of the market. 

Hagerty points out that auction activity saw another increase in March, with the gain representing the largest month-over-month increase in the last four years. It was largely fueled by a steady increase in the number of cars offered over the last six months and a 6% increase in the number of cars sold over the last 12 months. On the downside, the number of owners expressing the belief that values of their vehicles are rising continued to drop in the month. Weakness was seen among owners of mainstream and high-end classic vehicles. 

With the help of data from ClassicCars.com, TheStreet takes a look at the top classics currently priced under $10,000 that you should be investing in right now. Time to put that tax refund check to better use than simply buying a new TV from Best Buy(BBY) - Get Report

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Editors' pick: Originally published April 28.