Hagerty Market Rating - October 2020
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
60.31 as of October 2020*
Drivers of this month's change
<p><ul><li>For October, the <strong>Hagerty Market Rating followed up on two consecutive drops in August and September with a 1.36-point increase to 60.31</strong>. This is the highest the rating has been since June of this year.</li><li>Although activity on the <strong>private market dipped compared to last month</strong>, the drop was relatively small and offset by more auction market activity and <strong>strong external market forces like the stock market</strong>.</li><li><strong>Collector car market experts and observers also expressed more optimism for October than they have at any point since the pandemic</strong>.</li><li>One measure in the Hagerty Market Rating is the number of vehicle owners who believe that values are rising. For mainstream vehicle owners, that number increased for October and is at its highest point since the pandemic began. For high-end vehicle owners, the number remained essentially unchanged from last month..</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.