Hagerty Market Rating - March 2015
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
70.48 as of March 2015*
Drivers of this month's change
<p><ul><li><strong>Values in the broad market are essentially flat</strong> for the first time in eleven months.</li><li><strong>High End insured values are up as a whole.</strong> While there is little change in valuation decreases, increases are up 44% over this month last year. This is likely seasonal, the result of some strong individual high-end sales in Scottsdale, and over the course of the fall and winter in anticipation of the spring driving season.</li><li><strong>Correlated instruments are up</strong> with the S&P having a strong month and gold down. More positives are beginning to show up in the general economic scorecard.</li><li><strong>Private sales and auction sales are up modestly</strong> over the same time period last year.</li><li><strong>Expert sentiment is down slightly</strong>, effectively canceling out the modest gains above as the general consensus of a cooling market begins to take hold.</li></ul></P>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.