Index of the Automotive A-List
Among the biggest takeaways from the flurry of auctions in the first quarter of 2019 is that top-tier cars continue to struggle. This is partly reflected in Hagerty’s Blue Chip Index, which is stepping back from its high water mark reached last year and slipped 2 percent this period. Not a single component car recorded a gain, whille there was a nearly even split between decreases and no change at all. Among the biggest drops was the Ferrari 275 GTB/4 with a decrease of 8 percent (or $200,000) and the 1973 911 Carrera RS Touring, also with an 8 percent decrease (or $51,000).
Other Blue Chip mainstays like the Mercedes 300SL and Aston Martin DB5 remained steady, however, and the index is still above where it was three years ago. While things at the top don’t look particularly encouraging, it is worth noting that there is still plenty of positive movement in the collector car market. Most of it is just much further down the price ladder.
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.