Hagerty Market Rating - June 2020
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
60.61 as of June 2020*
Drivers of this month's change
<p><ul><li>After reversing its downward momentum last month with a small gain, the <strong>Hagerty Market Rating decreased agian for June to 60.61. It is now back to where it was in March and lower than it was for all of 2019</strong>.</li><li>With all live auction events canceled, postponed, or moved to smaller online platforms, <strong>auction activity is at its lowest since December 2010</strong>. Although the median auction price is unchanged since last month, <strong>the number of cars sold is down</strong>.</li><li>Activity is down on the private market as well, with the <strong>private sales activity section of the rating at its lowest level since May 2012</strong>.</li><li>The number of both mainstream and high-end vehicle owners who believe that values are increasing is lower again for June. For both mainstream and high-end owners, the numbers are at their lowest to date.</li><li>Despite these metrics, <strong>collector car market experts expressed more optimism again this month</strong>, as sales prices have remained steady.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.