Hagerty Market Rating - November 2020

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

60.34 as of November 2020*

Drivers of this month's change

<p><ul><li>The Hagerty Market Rating notched its second consecutive increase for November, although the increase was quite small at 0.02. <strong>At 60.34, the overall rating is at its highest point since June 2020.</strong></li><li>Although the <strong>number of cars sold at auction is down from last month, the median price of auction cars is significantly up, to its highest level since March of last year</strong>. Activity on the private market, meanwhile, remained flat over the past month.</li><li>One measure in the Hagerty Market Rating is the number of vehicle owners who believe that values are rising. The number of both mainstream and high-end vehicle owners expressing that belief increased slightly for November. </li><li><strong>In October, market observers and experts expressed more optimism than they had at any point during the pandemic. They adjusted their optimism back down for this month</strong>, but it is still at its highest point since July.</li></ul></p>

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