Hagerty Market Rating - February 2020

The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.

62.66 as of February 2020*

Drivers of this month's change

<p><ul><li>After the dust has settled from the frenzy of collector car auctions in January, the <strong>Hagerty Market Rating is down 0.93 to 62.66</strong>. The decrease isn't large enough to offset the 1.69-point increase in January.</li><li>While the <strong>median sale price at auction is up slightly from last month, the number of cars sold is down</strong> and the overall sales totals in Scottsdale were down 3 percent from 2019. <strong> On the private market, meanwhile, activity dropped to its lowest level since October 2013</strong>.</li><li>The number of mainstream vehicle owners who believe that values are increasing posted its second consecutive albeit small increase from January to February. The number of high-end vehicle owners expressing that belief, however, continues its gradual decline and is at an all-time low.</li><li>The rating was also pulled down by a <strong>drop in the expert sentiment section and in external market forces as measured in the rating's correlated instruments section</strong>.</li></ul></p>

*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.