Hagerty Market Rating - March 2017
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
66.34 as of March 2017*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating experienced its <strong>first increase of 2017 for March with a small jump of 0.36</strong> to 67.03.</li><li>Auction activity saw another increase, and this month was the largest month-over-month increase in the last four years. This is largely thanks to a <strong>steady increase in the number of cars offered over the last six months and a 6% increase in the number of cars sold over the last 12 months. It's a different story on the private market, however, as the average sale price is down 7% over the last 12 months.</strong></li><li><strong>The number of owners expressing the belief that values of their vehicles are rising continues its steady decrease. This is true for the owners of both mainstream and high-end vehicles</strong>, although the drop was more pronounced for owners of high-end vehicles.</li><li>These drops come despite small but <strong>steady increases in expert sentiment and some fairly encouraging external market forces</strong>, including the current strength in the stock market.</li><li>February's reported rating was adjusted from 67.19 to 66.67 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.