Hagerty Market Rating - July 2019
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
63.56 as of July 2019*
Drivers of this month's change
<p><ul><li>The <strong>Hagerty Market Rating saw its third consecutive decrease for July, dropping to 63.56</strong>, but the decrease was small at less than a quarter of a point.</li><li><strong>Auction activity also saw its third consecutive decrease as both the number of cars offered and the median sale price dropped slightly. Private sales activity, meanwhile, rebounded slightly and saw a small increase</strong>, although it is still lower than it was at the beginning of the year.</li><li>For many consecutive months, <strong>the number of both mainstream and high-end vehicle owners who think that values are growing has been decreasing. For July, the number was essentially flat for both mainstream and high-end owners</strong>, although this doesn't suggest a reversal of the trend seen all year so far.</li><li><strong>Market observers expressed as much optimism as they have all year</strong>, although the expert sentiment rating is still down from where it was at the end of 2018.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.