Hagerty Market Rating - April 2020
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
60.60 as of April 2020*
Drivers of this month's change
<p><ul><li>For April, the <strong>Hagerty Market Rating experienced its largest decrease since 2008</strong>, dropping nearly two points to 60.6. This is the lowest the rating has been since March 2012. </li><li>Unsurprisingly, with only one collector car auction held over this past period before widespread postponements and cancellations, the auction activity section of the rating dropped for April. <strong>No land-based collector car auctions are on the calendar for the rest of April or May</strong>.</li><li>After an increase last month, activity on the private market decreased for April. That said, <strong>increased traffic to online auction platforms and surprisingly strong online sales show that people are still interested in buying interesting cars</strong>.</li><li>The number of both mainstream and high-end vehicle owners who believe that values are increasing is lower this month. For both mainstream and high-end owners, the numbers are at their lowest to date.</li><li>Other factors in this month's decrease include <strong>diminished optimism from collector car market experts and external market forces like volatility in the stock market</strong>.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.