Hagerty Market Rating - December 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
67.10 as of December 2016*
Drivers of this month's change
<p><ul><li>This month, the Hagerty Market Rating experienced its largest increase all year, although the increase was still small at little more than half a point from 66.56 to 67.16.</li><li>This was largely due to increased activity in both the auction and private sales market. <strong>The number of vehicles sold at auction is the highest it has been all year.</strong> Cars under $50,000 are particularly strong, with a 4 percent increase in sell-through rate over last year. <strong>On the private market, cars are selling for a higher price on average and more cars are selling for above their insured values</strong>.</li><li>Other metrics are up as well. <strong>The largest increase this month came from external market forces, with a drop in the price of gold and an all-time high for the S&P 500</strong>. Expert sentiment also increased, encouraged by surprising growth in the stock market after the presidential election.</li><li>Other trends continue, however, as <strong>fewer owners of mainstream vehicles believe values are rising, while that belief among owners of high-end cars held steady month over month</strong>.</li><li>November's reported rating was revised from 66.89 to 66.56 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.