Hagerty Market Rating - March 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
69.34 as of March 2016*
Drivers of this month's change
<p><ul><li>Following one of its largest month-over-month drops, the <strong>Hagerty Market Rating is up .05 </strong>to <strong>69.87</strong>.</li><li><strong>Auction activity increased again this month</strong>. Foreign cars from the 1980s performed the strongest, but the frontrunners weren't models from Porsche and Ferrari. Rather, <strong>BMW, Jaguar and Mercedes all posted gains in average sale prices of at least 40 percent.</strong></li><li>After a big drop last month, <strong>private sales activity has essentially remained flat</strong>. There were <strong>increases in average prices for modern classics</strong>, but these were offset by <strong>decreases for cars from the 1930s and 1950s</strong>.</li><li><strong>Requests for insured value increases among both high-end and broad market vehicles fell</strong> noticeably.</li><li><strong>Correlated Instruments again fell significantly this month</strong>. In addition to a large jump in the price of gold, the stock market has also been volatile.</li><li><strong>March's Hagerty Market Rating does not include data from the Amelia Island sales</strong>, which had not yet occurred at the time of the Market Rating's calculation.</li><li>February's reported rating was revised to 69.85 from 69.82 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.