Hagerty Market Rating - July 2021
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
66.16 as of July 2021*
Drivers of this month's change
<li>After a fourth consecutive monthly increase, the <strong>Hagerty Market Rating is at its highest level since May 2017.</strong></li>
<li>As the pandemic continues to wind down and more events open up, the effect live auctions have on the classic car market is clear. The <strong>number of cars sold is at its highest point since the start of the pandemic</strong> and median sales prices continue to rise. This leads our industry experts to remain optomisic about the classic car market as a whole.</li>
<li>A rising tide lifts all boats. Macroeconomic indicators are at an all-time high, including the US Home Price Index, S&P 500, and Total Retail Sales.</li>
<li>While new and used car prices reach new heights, private classic car sellers have benefited as well. <strong>Private sales activity is at its highest point in two years.</strong> Owners believe values are rising across the board as both mainstream and high-end vehicle insured values grew for the ninth consecutive month.</li>
<li>Rising values have trickled down to the Hagerty Price Guide. The Hagerty Hundred Index - the average Price Guide value of the 100 most insured postwar cars - is at its highest point since March 2017.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.