Hagerty Market Rating - June 2019

The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.

63.81 as of June 2019*

Drivers of this month's change

<p><ul><li>After a small but noticeable drop for May, the <strong>Hagerty Market Rating fell again to 63.81</strong>.</li><li>Auction activity saw its biggest drop in nearly two years for May. It is down again for June, but the decrease was much smaller than last month as the <strong>median sale price at auction dropped slightly while the number of cars sold remained unchanged. Activity on the private market dropped as well, but the decrease was also small</strong> compared to others seen over the past year.</li><li><strong>The number of both mainstream and high-end vehicle owners who think that values are growing continues a series of small decreases</strong>. For mainstream owners, the number has been dropping for nearly a year straight. For high-end owners, the number has been dropping for six months.</li><li><strong>External market forces have caused the Hagerty Market Rating's correlated instruments section to fluctuate more than normal</strong>. This is largely due to volatility in the stock market. The correlated instruments rating was down for June, but the decrease was small and this section is not weighted heavily in the overall rating.</li></ul></p>

*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.