Index of the Automotive A-List
Top-tier cars struggled for the latter part of 2018 and continued to do so during the first quarter of 2019. We can now safely say that the trend continued in the second quarter of 2019, as Hagerty’s Blue Chip Index slipped 1 percent and is currently 4 percent off where it was this time last year. Most component cars recorded either a significant decrease or no change at all. The only thing preventing a larger drop in the index was a jump in Shelby Cobra values, particularly the 289 R&P with a 14 percent (or $150,000) increase in its condition #2 value.
The second-biggest drop was for the only muscle car in the Blue Chip Index, the 1970 Hemi Cuda convertible, with a decrease of 13 percent (or $300,000), while the Tucker saw a decrease of 14 percent (or $250,000). Most of the heat in the market is still at the bottom of the price ladder, and it is leaving things cooler at the top, but it is worth noting that the Blue Chip Index is still 10 percent above where it was five years ago.- Andrew Newton, September 2019
The Hagerty "Blue Chip" Index of the Automotive A-List is a stock market style index that averages the values of 25 of the most sought-after collectible automobiles of the post-war era. The list below shows the cars that make up the index, while the graph to the left shows this index’s average value over the years. Values are for #2 condition, or “excellent” cars.
The term "Blue Chip" at one time referred to the highest value chip at a casino. Since the 1920s, "blue chip" has been a stock market term for the most stable and consistent stocks.