Hagerty Market Rating - February 2021
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
60.88 as of February 2021*
Drivers of this month's change
<p><ul><li><strong>The Hagerty Market Rating drops for the first time in the new year after four consecutive months on the rise. </strong></li><li><strong>On the auction market, the number of cars sold is at its lowest point since Hagerty started the market rating in 2007.</strong> This is solely due Covid, as an entire year of auctions have now been affected. Median sales price is up substantially from last month, helped by a more selective offering from auction houses at Scottsdale.</li><li><strong>As live auctions have taken a hit, the private market continues to be strong.</strong> Cars trading hands privately is at it's highest point since April 2020.</li><li>Optimism from market experts is at its highest level since Summer 2015, and external market forces (like the stock market and home prices) helped push the rating up further.</li><li>One measure in the Hagerty Market Rating is the number of vehicle owners who believe that values are rising. <strong>The number of both mainstream and high-end vehicle owners expressing that belief increased for the fourth consecutive month and are at their highest point in the last year.</strong></li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.