Hagerty Market Rating - August 2022
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
76.71 as of August 2022*
Drivers of this month's change
<li><strong>The Hagerty Market Rating dropped again</strong> to the lowest point since the start of 2022, as monthly inflation hit a record high 1.3 percent.</li>
<li><strong>Many metrics increased this month but failed to escape the weight of inflation.</strong> Notably, the inflation-adjusted median auction sales price is at the lowest point since October 2020, despite the real numbers increasing this month.</li>
<li><strong>Expert sentiment remains optimistic</strong>, while overall auction activity slows as the market saves it's best cars for the Monterey auctions next week.</li>
<li>Market confidence for the average collector is still at record highs. <strong>For the first time ever, the majority of cars are selling above insured values</strong>, even while insured values have increased every month since August 2020.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.