Hagerty Market Rating - April 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
69.22 as of April 2016*
Drivers of this month's change
<p><ul><li>After a slight increase last month, the <strong>Hagerty Market Rating fell 0.44 points to 69.34</strong>. Though the rating still indicates an expanding market, this marks the ninth time over the past 12 months that the rating has dropped.</li><li>While auction activity increased slightly for March's rating, it significantly dropped for April as both <stron>the number of cars sold and the median sale price at auction decreased</strong>. </li><li>While it didn't see as large of a month-to-month drop as auction activity, <strong>private sales activity did decrease and is at an 18-month low</strong>.</li><li><strong>Requests for insured value increases among broad market vehicles fell again this month</strong> and the number is at a 19-month low.</li><li><strong>Requests for insured value increases among high-end vehicles, meanwhile, increased</strong>.</li><li>External market forces accounted for the biggest increase in the Hagerty Market Rating this month, as <strong>Correlated Instruments rebounded after a significant decrease last month</strong>. The S&P 500 has climbed past the 2,000 mark and gold prices fell slightly.</li><li>March's reported rating was revised to 69.78 from 69.87 due to newly released inflation numbers.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.