Hagerty Market Rating - February 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.54 as of February 2018*
Drivers of this month's change
<p><ul><li>After falling several months in a row, the <strong>Hagerty Market Rating began 2018 with a notable increase of 0.16 and has risen again for February, up 0.34 to an overall rating of 64.44</strong>.</li><li>Unlike last month when auction and private market numbers were down, February saw growth in both segments for February. <strong>Auction activity saw its largest positive movement since April last year</strong>, largely thanks to the flurry of auctions in the middle of January. There was a 6% increase in the number of cars sold at auction over the previous month. <strong>On the private market, meanwhile, average sale price is up 2% over the last 12 months</strong>.</li><li>As has been the case for much of the past year, <strong>the number of owners expressing the belief that their vehicles are getting more valuable continues to fall</strong>. The number actually remained flat month-over-month for owners of high-end vehicles, but <strong>the overall number of owners who think the value of their car is decreasing is growing 10 times faster than the number of owners who believe it is increasing</strong>.</li><li>The current rating does not take into account the recent drops in the stock market. They will be reflected in March's Hagerty Market Rating.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.