Hagerty Market Rating - May 2017
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
66.22 as of May 2017*
Drivers of this month's change
<p><ul><li><strong>The Hagerty Market Rating experienced its second consecutive decrease for May, falling a fifth of a point to 66.37.</strong> The Market Rating has seen only one month-over-month increase so far in 2017.</li><li>After several consecutive increases, <strong>auction activity saw its largest drop since September 2016, mostly because of a 3% drop in the number of cars sold.</strong> Conversely, activity on the private market saw the largest increase of any section this month. <strong>After several large drops this year, the increase in private sales activity for May was driven by a slight uptick in the average sale price.</strong></li><li><strong>The number of owners expressing the belief that the values of their vehicles are rising is still falling.</strong> The drop was more pronounced for the owners of mainstream vehicles, but the number for owners of high-end vehicles who feel values are increasing is also at a five-year low.</li><li><strong>Market observers have cited a split in the market</strong> between entry-level vehicles and the top of the market, where more affordable cars are showing strength as the top end is contracting.</strong></li><li><strong> With the latest release of values in the Hagerty Price Guide, prices have started to normalize.</strong> There were some notable value drops, but <strong>overall they did not fall as much as anticipated and the HPG section of the Market Rating saw a slight increase.</strong></li><li>April's reported rating was revised from 66.65 to 66.57 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.