Hagerty Market Rating - February 2015
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
70.28 as of February 2015*
Drivers of this month's change
<p><ul><li><strong>Auction activity (in both dollars and volume) is up by a significant amount</strong> and both are the highest they’ve been since August after the Pebble Beach sales.</li><li><strong>Broad market insured values are at an all-time high</strong> for the tenth straight month.</li><li>Tempering the above positives is the fact that <strong>high-end insured values are down slightly from last month</strong> (the ratio of value increases to decreases has slipped).</li><li><strong>Sentiment is down slightly among market experts</strong>, indicating a cooling market in their opinion.</li><li><strong>Correlated instruments dropped almost five points</strong> because the S&P 500 dropped from last month and gold prices are up almost $100 per ounce (the latter has an inverse effect on the Market Rating).</li></ul></P>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.