Hagerty Market Rating - December 2021
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
70.30 as of December 2021*
Drivers of this month's change
<li>As the most energetic year in recent memory comes to a close, the Hagerty Market Rating continues to soar, increasing by a full point to its highest value in six years.</li>
<li>Behind the momemtum of a strong economy, <strong>private sales activity saw its largest monthly increase ever</strong> (+4.3 points) pushing this portion of the rating to its highest point since summer 2015.</li>
<li>Broad Market and High End insured values rise again, this time for the forteenth consecutive month. However, <strong>the affordable end of the market is seeing the most acceleration.</strong> Broad Market insured values saw their largest single month increase in 8 years.</li>
<li>Auction activity has steadied for the year. The Scottsdale auctions in January will be a good barometer to see if the classic car market will remain as hot in 2022. Our industry experts are feeling optimistic as they grade the current market as its hottest since May 2014.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.