Hagerty Market Rating - August 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.48 as of August 2018*
Drivers of this month's change
<p><ul><li>After a run of four consecutive increases, the <strong>Hagerty Market Rating is down 0.22 from July</strong>.</li><li>With no auctions taking place in July, <strong>auction activity was a mix of a fall in the number of cars sold an an increase in the average sale price</strong>. Things should be more stable next month, with both Monterey and the Auburn Fall auctions on the calendar. Things are looking good on the private market, meanwhile, with a <strong>7% increase in the average sale price over the past year and a 1.5% increase in the number of cars selling for above their insured value</strong>.</li><li>The number of <strong>mainstream vehicle owners who think that values are increasing was down slightly for August while the number of high-end vehicle owners expressing that belief increased</strong>, so owner optimism is mixed.</li><li>The correlated instruments section of the rating, which measures external market forces, also saw a sizable increase this month thanks in large part to the stock market.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.