Hagerty Market Rating - May 2021
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
63.12 as of May 2021*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating recorded its second consecutive increase this month, but the increase was three times larger than it was in April. The overall rating now sits at its highest level since December 2019</strong>.</li><li>Although the <strong>number of cars sold at auction increased this month as more live events come back onto the calendar, the median sale price is down slightly. Activity on the private market, meanwhile, saw a sizable increase</strong> as cars continue to change hands at strong prices.</li><li>One measure in the Hagerty Market Rating is the number of vehicle owners who believe that values are rising. <strong>The number of both mainstream and high-end vehicle owners expressing that belief grew for the seventh straight month</strong>.</li><li>Optimism expressed by collector car market and industry experts is at its highest level in six years.</li><li><strong>The latest update of the <i>Hagerty Price Guide</i> went live this month, and values saw their third largest year-over-year increase since the <i>Hagerty Price Guide</i> began<strong>.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.