Hagerty Market Rating - September 2019

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

62.93 as of September 2019*

Drivers of this month's change

<p><ul><li>After a rally last month, the <strong>Hagerty Market Rating slipped again in September by almost eight tenths of a point to 62.93. This is the rating's lowest point since May 2012</strong>, and every component of the rating decreased.</li><li><strong>After mostly soft results at the Monterey auctions in August, auction activity dropped slightly</strong>. Private sales activity, meanwhile, is at its lowest point since June 2014.</li><li>The number of mainstream and high-end vehicle owners who think that values are growing has been trending downward for more than a year, and for September both numbers are at their lowest points since they were first included in the Market Rating at the end of 2009.</li><li><strong>The expert sentiment section of the rating is at its lowest point since October 2010</strong>, largely due to market observers' reactions to the Monterey auctions.</li><li>The recent update to the <strong>Hagerty Price Guide saw median and average condition #3 (good) values drop</strong>.</li></ul></p>

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