Hagerty Market Rating - May 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
69.05 as of May 2016*
Drivers of this month's change
<p><ul><li>After a 0.44 drop last month, the <strong>Hagerty Market Rating is up 0.03 points to 69.35.</strong>.</li><li><strong>Auction activity saw its lagest increase this year</strong>, which was driven by a larger number of cars sold, mostly from the 1980s and newer.</li><li><strong>Private sales activity fell for the second month in a row</strong>, as overall average sale price decreased by 2 percent and as fewer cars are selling above their insured values.</li><li><strong>Requests for insured value increases for broad market vehicles fell for the eighth consecutive month</strong> and saw their largest month-over-month drop in over three years.</li><li>Following last month's strong showing, requests for insured value increases for high-end vehicles saw their <strong>largest month-over-month drop so far this year</strong> for May.</li><li>With the release of Hagerty Price Guide 30, the <strong>HPG Values and HPG Indicessections are both up</strong>. An increase in the median Condition #3 value suggests <strong>upward movement in the sub-$25,000 market.</strong></li><li>Expert sentiment saw its largest month-over-month increase so far this year, though it still trails January's number.</li><li>While Correlated Instruments accounted for the biggest increase of any section last month, they saw the biggest drop of any section for May.</li><li>April's reported rating was revised to 69.34 from 69.32 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.