Hagerty Market Rating - February 2019
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.33 as of February 2019*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating experienced its <strong>third consecutive decrease for February. It was another very small drop</strong>, however, falling less than a fifth of a point to 64.33.</li><li>For the second month in a row, both the <strong>auction and private markets are showing strength despite the drop in the overall rating</strong>. Coming out of the January auctions, the <strong>average sale price at North American auctions is up 3% over the past year and the proportion of cars selling for above their insured values on the private market is up considerably as well</strong>.</li><li>Another trend continuing from January is the drop in owner optimism. While it was mixed for much of 2018, for February 2019 <strong>both the owners of mainstream vehicles and the owners of high-end vehicles aren't as confident that values are rising</strong>.</li><li>While the correlated instruments (external market forces like stock market and home prices) section was up for February, <strong>collector car market experts aren't particularly optimistic. They have expressed the feeling that the top of the market is slowing faster than the growth in the entry-level market can make up for</strong>.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.