Hagerty Market Rating - May 2022

The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.

77.95 as of May 2022*

Drivers of this month's change

<p><ul> <li>The <strong>Hagerty Market Rating continues to grow to a new all-time high</strong>, despite a negative macro-economic outlook.</li> <li>Optimism from our experts is strong but continues to wane from its high point early in the year, citing the economy as the chief concern.</li> <li><strong>Interest rates are rising as the FED tries to combat inflation</strong>, which is currently at a 1.2% monthly rate - the highest since the Market Rating started in 2006. This will likely curb the recent outrageous classic car values, as many collectors finance new acquisitions.</li> <li>However, auction activity remains strong. The count of cars sold at auction is nearly off the charts as more online auction companies enter the market.</li> <li>The average collector has benefited greatly from the feeding frenzy and is still cashing in. <strong>Private sales activity and values for the 100 most insured vehicles in the Hagerty Price Guide are at all-time highs</strong>.</li>

*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.