Hagerty Market Rating - October 2022
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
77.08 as of October 2022*
Drivers of this month's change
<li><strong>The Hagerty Market Rating has dropped nearly a full point this month</strong>, mostly influenced by the greater economy.</li>
<li>For the first time since January 2010, <strong>every single macro-economic indicator used in the Market Rating decreased</strong>. </li>
<li>As the driving season comes to a close, sales activity both at auctions and between private parties has slowed. It remains uncertain if the feeding frenzy will continue into the new year.</li>
<li><strong>There is a growing divide between the upper end of the market and the general collector.</strong> The Hagerty Hundred Index, a weighted average of the 100 most insured vehicles in the price guide, dropped 1.37 points. Meanwhile, the Blue Chip Index, comprised of the 300SL and its closest peers, experienced its largest increase in two years. </li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.