Hagerty Market Rating - January 2016
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 January 2016*
Drivers of this month's change
<p><ul><li><strong>The Hagerty Market Rating is down for the second month in a row</strong>, and has been down for seven of the last eight months. The 0.37 drop from December is the <strong>second largest month over month drop in the last year</strong>.</li><li>After remaining flat last month, <strong>Expert Sentiment is up slightly</strong>. In particular, optimism was expressed for the lower and middle levels of the market.</li><li><strong>The Hagerty Price Guide</strong> section of the Hagerty Market Rating also saw a small increase, slightly outpacing projections.</li><li><strong>Auction activity experienced the biggest drop of any section</strong>, as the number of cars sold is at the lowest point of the last 20 months.</li><li><strong>Private sales activity also decreased</strong>, and has done so for the fourth straight month. The average private sales price is also the lowest it’s been in the past year.</li><li>Increases in <strong>high-end insured values fell for the fifth month in a row</strong>, while increases in <strong>broad market insured values saw the biggest month-over-month drop in three years</strong>.</li><li>December’s reported rating was revised to 71.00 from 70.84 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.