Hagerty Market Rating - April 2019
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.67 as of April 2019*
Drivers of this month's change
<p><ul><li>For April, the <strong>Hagerty Market Rating saw its second consecutive increase and its second increase of 2019, recording a small .05-point bump to 64.67</strong>.</li><li>While most other metrics that make up the rating were flat or lagging, <strong>auction activity experienced a large enough increase, its biggest since the end of 2012, to offset the drops in other areas</strong>. This is mostly due to a 3.4 percent increase in the number of cars sold at auction and a 3.2 percent increase in the median sale price. <strong>The correlated instruments section, which measures external market forces, also recorded a small increase</strong>.</li><li>Things are different on the <strong>private market, however, as the average sale price was down 1.9 percent</strong>.</li><li><strong>The owners of both mainstream and high-end vehicle owners who think that values are increasing continues to drop</strong>. This continues a five-month decline for high-end owners and an 11-month decline for mainstream owners. April was also the largest drop recorded during this decline for mainstream owners.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.