Hagerty Market Rating - July 2020
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
60.84 as of July 2020*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating notched a <strong>small gain for July, increasing to 60.84</strong>. That said, the overall rating is still lower than it was before the wave of lockdowns and event cancellations in March.</li><li>Many collector car auctions have moved online and some in-person events are even coming back onto the calendar, but <strong>the auction activity section of the rating is nevertheless at its lowest level since the end of 2010. This is largely due to the reduction in cars sold at auction. The median price at auction, on the other hand, is at its highest in 12 months</strong>.</li><li>Activity on the <strong>private market, meanwhile, is at its lowest to date</strong>.
</li><li>The number of both mainstream and high-end vehicle owners who believe that values are increasing is lower again for July. For both mainstream and high-end owners, the numbers are at their lowest to date.</li><li>An increase in <strong>optimism from collector car market experts and strength in external market forces like the stock market helped push the overall Hagerty Market Rating into positive territory</strong>.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.