Hagerty Market Rating - November 2015
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
71.04 as of November 2015*
Drivers of this month's change
<p><ul><li>For November, the <strong>Hagerty Market Rating rose for the first time in six months.</strong></li><li>After a summer of bearishness, <strong>Expert Sentiment increased by 1.6 points.</strong> Market observers pointed to price increases among entry-level cars as well as continued strength for modern classics from the 1980s, 1990s, and 2000s.</li><li><strong>Median sale price at auction hit a 15-month high</strong>, more than offsetting an 18-month low in cars sold at auction.</li><li>Broad economic inputs have helped the Hagerty Market Rating as well, particularly as the stock market has improved by nearly 10% since September 1.</li><li><strong>Insurance Activity dragged on the overall number</strong>, on the other hand, as broad-market insured values recorded their single biggest monthly decline in 34 months. Values for high-end cars saw a similar decline.</li><li>October’s reported rating was revised to 70.78 from 70.61 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.