Hagerty Market Rating - June 2015
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
71.54 as of June 2015*
Drivers of this month's change
<p><ul><li>Following <strong>May’s record high,</strong> the Hagerty Market Rating recorded its <strong>biggest decline of the last 14 months</strong>, falling a third of a point.</li><li>May saw a <strong>1/3 reduction in the number of cars offered at auction</strong> compared to May 2014, primarily due to single-collection sales tapering off.</li><li>Following a strong year, <strong>private sales recorded the smallest gain this past month</strong> of the past 12 months.</li><li>Insured values again set record highs, but <strong>month-over-month changes in both the broad and high-end markets slowed for the second consecutive month.</strong></li><li><strong>Expert sentiment continued to diminish</strong>, falling more than two points month-over-month, and is now <strong>down 8.2 points in the past year</strong>. Factors noted were increasing scarcity of top-quality cars on offer and long holding times for any inventory that isn’t of top quality.</li><li>May’s reported rating was revised down to 72.04 from 72.05 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.