Hagerty Market Rating - March 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.21 as of March 2018*
Drivers of this month's change
<p><ul><li>For the third month of the year, the <strong>Hagerty Market Rating has also seen its third consecutive increase, rising 0.29 to 64.73.</strong>.</li><li>The <strong>auction activity section of the rating saw a bigger increase than any other section this month</strong>, thanks to an increase in the number of cars sold. There was also an <strong>increase in private market activity</strong> thanks to more cars selling for above their insured values, but it was very small.</li><li>The trend among classic car owners observed for over a year now continues into March, as <strong>the number of owners expressing the belief that their vehicles are getting more valuable has fallen again</strong>. This is true for both the owners of high-end and the owners of mainstream vehicles.</li><li><strong>The expert sentiment section of the rating, which measures optimism among market observers, fell more than any other section this month</strong>, and the <strong>drops in the S&P 500 since last month made for a decrease in the correlated instruments section</strong>. These drops, however, were not enough to offset the month-over-month strength in the auction and private markets.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.