Hagerty Market Rating - January 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.14 as of January 2018*
Drivers of this month's change
<p><ul><li>For the first time since September, the <strong>Hagerty Market Rating saw an increase, rising 0.16 points to 64.14</strong>.</li><li><strong>Both the auction and private markets were down </strong> month-over-month, with the private market following a slight increase in December with a similarly small decrease for January thanks to a small drop in the average sale price. <strong>Auction activity saw the largest drop of any section this month</strong>.</li><li>The number of owners expressing the belief that the values of their vehicles are rising fell again for January, continuing the trend seen throughout almost all of 2017.</li><li><strong>The major reason for the increase in the overall Hagerty Market Rating for January came from expert sentiment</strong>, which saw the largest increase of any section. <strong>Market observers cited optimism surrounding the auctions in Scottsdale as well as tax cuts</strong> for their positive outlook going into the beginningof the year.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.