Hagerty Market Rating - June 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
65.97 as of June 2018*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating continues the upward movement experienced so far during 2018. <strong>At 65.97, it is currently at a 12-month high</strong>.</li><li>While auction activity has been mostly strong this year, a <strong>1% drop in the number of cars offered at auction led to a dip in that section</strong> for June. A <strong>0.5% drop in the average sale price on the private market led to a slight dip in that section as well</strong>.</li><li><strong>Probably the most surprising trend for June comes from owner optimism</strong>. For well over a year, the number of owners of both mainstream and high-end vehicles who think that values are increasing has continued to go down. For June, though, <strong>the number for both mainstream and high-end owners saw their largest month-over-month increases in at least two years</strong>.</li><li>While it isn't weighted heavily in the overall rating, the <strong>correlated instruments section measuring external market forces increased more than any other section this month thanks to strength in the S&P500</strong>.</ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.