Hagerty Market Rating - February 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
69.38 as of February 2016*
Drivers of this month's change
<p><ul><li><strong>The Hagerty Market Rating is down for the third month in a row at 69.82</strong>, and it recorded its<strong> largest month-over-month drop since 2009</strong>.</li><li>After a slight increase last month, <strong>Expert Sentiment weakened for its largest drop in 27 months</strong>. A common opinion was that the highly visible Arizona auctions confirmed that the market has slowed.</li><li>Despite expert opinions, the Hagerty Market Rating’s score for <strong>auction activity saw a slight increase</strong>. Although the median sale price dropped, there was an <strong>increase in the number of cars sold</strong>.</li><li><strong>Private sales activity fell to a 17 month low</strong>, with the average sale price decreasing by 2.5 percent from last month.</li><li><strong>The number of value increase requests for high-end insured values rose – albeit slightly – for the first time in the last five months</strong>.</li><li>While high-end insured values saw a slight increase, <strong> value increase requests for broad market insured values were down for the fifth straight month</strong>.</li><li><strong>The largest month-to-month drop for February came from Correlated Instruments</strong>, as the S&P 500 fell by five percent and the price of gold per ounce increased by five percent.</li><li>January’s reported rating was revised to 70.77 from 70.63 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.