Hagerty Market Rating - January 2017
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
66.93 as of January 2017*
Drivers of this month's change
<p><ul><li><strong>The Hagerty Market Rating starts off 2017 with a small increase of 0.02</strong>, following up on its 0.6-point increase last month.</li><li>While activity on the <strong>auction market remained essentially flat</strong>, activity in the <strong>private market saw a very slight increase thanks to a small jump in average sale price and despite slightly fewer cars selling for above their insured values</strong> than last month.</li><li>For the first time in 16 months, <strong>more owners of mainstream vehicles believe values are rising. Owners of high-end vehicles, however, feel differently with fewer expressing the belief that values are rising.</strong></li><li>The largest increase in January was for expert sentiment, which is up considerably since the Monterey auctions in August. <strong>Over the last six months, expert sentiment has increased more than any other metric besides correlated instruments</strong>. Increases over the last two months in particular have been due to <strong>optimism about the upcoming Scottsdale auctions.</strong></li><li>With the latest release of pricing in the <strong>Hagerty Price Guide, values on average are down slightly, with the most pronounced decrease experienced by Blue Chip collector cars.</strong></li><li>December's reported rating was revised from 67.16 to 67.17 due to newly released inflation numbers.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.