Hagerty Market Rating - July 2022
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
76.80 as of July 2022*
Drivers of this month's change
<li>After 15 months of consecutive growth, <strong>the Hagerty Market Rating has reversed 1.42 points</strong>, the largest single month drop since the start of Covid.</li>
<li><strong>Macro-economic indicators are at their lowest point in over a year</strong>, pulled down primarily by the S&P 500 and price of gold. The US Home Price Index is also slowing.</li>
<li>Auction and private sales activity are both down as median sales prices fail to outpace inflation.</li>
<li><strong>Expert Sentiment remains optimistic</strong> despite dropping to it's lowest point since October 2021.</li>
<li>Overall, prices on classic cars remain high with nearly 50% of cars are selling above insured values.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.