Hagerty Market Rating - November 2022
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
76.17 as of November 2022*
Drivers of this month's change
<li><strong>The Market Rating continues a downward trend</strong>, dropping to it's lowest point since February 2022.</li>
<li>Expert sentiment is the lowest since April 2021, <strong>citing rising interest rates and economic uncertainty as their chief concerns</strong>. The Median US Home Price is down three months in a row, the S&P 500 is at its lowest point since the start of 2021, and Gold is at pre-pandemic levels.</li>
<li>After a superheated year, the market remains strong as values stabilize. <strong>The percentage of cars selling above insured value dropped back below 50%</strong>, to its 4th highest value ever.</li>
<li>While insured values continue to increase across the board, the ratio of increases to decreases for High End insured values dropped slightly this month, ending a 24 month streak of consecutive growth.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.