Hagerty Market Rating - June 2022
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
78.22 as of June 2022*
Drivers of this month's change
<li>After 15 consecutive months of growth, the <strong>Hagerty Market Rating is at an all-time high</strong>. However, there are some signs that the hot streak could be coming to an end.</li>
<li>As the S&P 500 continues to slump, our <strong>macroeconomic indicators dropped to their lowest point in over a year</strong>.</li>
<li>Classic car sales through auctions and between private parties are slowing. Though, there appears to still be an appetite at the ultra-high-end as one of two Mercedes-Benz 300 SLR Uhlenhaut Coupes sold for $142-million, doubling the previous record.</li>
<li><strong>Owners of classic cars still feel values are strong</strong> as the ratio of insured value increase to decreases grew for the 20th consecutive month with the largest growth coming from the lower end of the market.</li>
<li><strong>The cheap classic car is quickly becoming a thing of the past.</strong> The average value of the one-hundred most insured vehicles in the price guide rose again to a new all-time high, with room to grow.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.