Index of the Automotive A-List
January was the third consecutive period of decline for Hagerty’s Blue Chip index, dragging this group’s level down 6 percent since January 2019. This is the single biggest 12-month slide since January 2010, though the price adjustment is more like a slow erosion than a sinkhole.
Upper echelon cars have faced headwinds for the last four years, and buyers at this level are increasingly selective with their purchases. Seven-figure cars with excellent history and specifications that are carefully represented are still achieving steady prices, but any car with less than the best story is a tough sell at the moment. Several years in, owners are still coming to terms with this dynamic.
Five Blue Chip component cars fell more than 10 percent since September 2019, including the Aston Martin DB5, the Ferrari 275 GTB/4, the Jaguar D-Type, the Plymouth Hemi Cuda convertible, and the 1973 Porsche 911 Carrera RS. The Cuda excluded, most of these cars have historically seen strong interest among European buyers, and many of those buyers are hesitating due to unfavorable currency exchange rates and other macro-economic concerns.
- Brian Rabold, January 2020
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.