Hagerty Market Rating - February 2017
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
66.60 as of February 2017*
Drivers of this month's change
<p><ul><li>After starting off the year with a small increase in January, the <strong>Hagerty Market Rating experienced a similarly small decrease of 0.01 for February.</strong></li><li>Thanks to a <strong>1.5-point increase in the sell-through rate over the last 12 months, the number of cars sold at auction is up 4%</strong> over the same period and translates to a notable increase in the auction activity section of the rating this month. <strong>The private sales activity section saw its largest month-over-month increase since May 2015 with a 1% increase in average sale price</strong> over January.</li><li><strong>Much of the strength in auction activity is driven by vehicles valued under $100,000 as opposed to higher end vehicles, which have been relatively flat.</strong></li><li>Despite these strong numbers from both the private and auction markets, <strong>fewer owners of both mainstream and high-end vehicles are expressing the belief that values are rising.</strong> The number expressing that belief for both types of vehicles is at its lowest point since January 2014.</li><li><strong>Expert sentiment increased slightly</strong> this month now that the Arizona auctions have passed, but the <strong>general opinion remains that the top of the market isn't as strong while entry-level vehicles have performed very well so far this year.</strong></li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.