Hagerty Market Rating - May 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
65.87 as of May 2018*
Drivers of this month's change
<p><ul><li>May marks the <strong>fifth month in a row that the Hagerty Market Rating has experienced an increase</strong>, rising over half a point to 65.87.</li><li>After a small decrease last month, <strong>auction activity saw its largest increase in a year</strong> and grew more than any other section for May. This was largely thanks to a <strong>3% increase in the number of cars sold at auction over the past 12 months, and a 2% increase in the average sale price</strong>.</li><li><strong>The private market saw a similarly strong increase, with an 8% bump in the average sale price over the last 12 months</strong>. The proportion of cars selling for above their insured values on the private market is also at a 32-month high.</li><li>The number of high-end and mainstrem vehicle owners expressing the belief that values are increasing went down again for May. This has been a long-term trend.</li><li>With the <strong>recent update of Hagerty Price Guide values, the final numbers were slightly lower than had been projected in January</strong>, but this was not enough to offset the strength in the auction and private markets.</li><li>In the Hagerty Collector Indices, the Blue Chip Index took a step back while the Hagerty Hundred Index (measuring Hagerty's hundred most insured cars) was strong enough to offset any drops.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.