The key attraction of the Festival is that not only can you get up close and personal with a vast array of automotive masterpieces (around 350 feature at this years event), but you can also see, smell and hear many of them in action with some of the world's best drivers at the wheel as they take on the famous Goodwood 1.16 mile hill climb.
The theme of this years event "Hawthorn to Hamilton - Britain's love affair with world motorsport", draws a link between world 1958 GP champion Mike Hawthorn and his modern day counterpart Lewis Hamilton, who will appear at the Goodwood Circuit on Sunday.
Among the key attractions at this years event are a long list of supercars including the Ferrari 430 Scuderia, the KTM X-bow, Bugatti Veyron (which still manages to draw the biggest crowd), the Caparo T1, the Audi R8, the Nissan GTR and the high performance Tesla roadster EV. A selection of cars made famous by the James Bond film franchise (complete with Bond girls) also grabbed the spotlight and for budding auto-nuts, the cars from the famous Wacky Racers cartoon have also been brought to life for this years event.
See the gallery for some of the highlights and check for updates as the festival continues over the next two days.