Hagerty Market Rating - April 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
65.14 as of April 2018*
Drivers of this month's change
<p><ul><li>It's the fourth month of the year, and <strong>for the fourth month in a row, the Hagerty Market Rating has seen a slight increase</strong>, rising 0.38 to 65.14.</li><li>Despite some increases in the auction activity section of the rating so far this year, it was down slightly for April thanks to a <strong>6% drop in the number of cars sold at auction over the past 12 months</strong>. The private market had a better April, however, with the <strong>average sale price up 7.5%</strong> over the past 12 months.</li><li>For well over a year, the number of owners expressing the belief that their vehicles are increasing in value has been falling. While that trend continued <strong>unchanged for owners of high-end vehicles</strong>, for April the <strong>number of mainstream vehicle owners expressing that belief actually rose</strong>. This corresponds with general strength observed in the entry-level market.</li><li><strong>Optimism among market observers led to a small but noticeable increase in the expert sentiment section</strong> of the rating for April, and there was a small drop in the correlated instruments section thanks to stock market volatility.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.