Hagerty Market Rating - February 2022

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

74.67 as of February 2022*

Drivers of this month's change

<p><ul> <li>After unbelievable results from the January auctions, the <strong>Hagerty Market Rating jumped 3 points this month to a new record height</strong>. It's safe to say the classic car market hasn't been this hot in decades.</li> <li>Overall Auction Activity is at its highest point since the market rating began. Compared to 2020, <strong>total sales in Kissimmee and Scottsdale were up 54% on only 17% more cars sold</strong>. The average sales price increased from $72.8k to $95.3k.</li> <li>Mirroring the live auctions, Private Sales Activity is now the strongest we've ever recorded. Owners who showed no interest in selling didn't ignore the super-heated market and raised insured values for the 16th consecutive month.</li> <li>Though macro-economic indicators saw their largest drop in the last 18 months, albeit only a quarter of a point, <strong>optimism among our classic car market experts is at its highest point in nearly ten years.</strong></li>

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