Blue Chip

Index of the Automotive A-List

May marks the fourth consecutive decline for Hagerty’s Blue Chip Index, following up on January’s 6 percent drop with an even larger 7 percent decrease. The index now sits at a five-year low. Along with Hagerty’s Ferrari Index, Blue Chip cars experienced the largest drop of any index with the latest update.

Over half of the component cars tracked straight, but the Ferrari 250 GT California LWB Spyder and the Lancia Aurelia B24 Spider America each shed nearly a third of their values, while other iconic classics like the Aston Martin DB5, Mercedes-Benz 300SL, 1973 Porsche 911 Carrera RS and Shelby Cobra 289 all experienced drops that were less severe but still significant. The sole gainer this period was the Tucker 48, largely thanks to a massive auction result in Scottsdale.

Many cars in this group have softened lately, with anything but the best examples struggling to reach prices seen in the not-so-distant past. And because all markets hate uncertainty, recent events only add to the troubles of the hobby’s most expensive cars. Even so, such cars also tend to enjoy careful, long-term ownership with collectors who rarely need to sell.

- Andrew Newton, May 2020

The Hagerty "Blue Chip" Index of the Automotive A-List is a stock market style index that averages the values of 25 of the most sought-after collectible automobiles of the post-war era. The list below shows the cars that make up the index, while the graph to the left shows this index’s average value over the years. Values are for #2 condition, or “excellent” cars.

The term "Blue Chip" at one time referred to the highest value chip at a casino. Since the 1920s, "blue chip" has been a stock market term for the most stable and consistent stocks.

This index includes