Hagerty Market Rating - March 2020
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
62.55 as of March 2020*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating saw its <strong>second consecutive decrease for March, dropping 0.11 to 62.55</strong>. This is the lowest the rating has been since November of last year.</li><li>Both the number of cars sold at auction and their median sale price are down from last month. <strong>With numerous collector car auctions postponed in the coming weeks due to public health concerns, expect auction activity to drop further. Private sales activity, meanwhile, is up from last month. People are still buying and selling cars</strong>.</li><li>The number of both mainstream and high-end vehicle owners who believe that values are increasing is lower this month. For high-end vehicle owners, the number is at its lowest to date.</li><li><strong>This month's rating doesn't account for the most recent spasms in the stock market, nor does it take into account the most recent wave of event cancelations</strong> and their effects on the economy. These will be reflected in next month's rating.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.