Hagerty Market Rating - November 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
66.53 as of November 2016*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating experienced a very minor decrease of 0.02 points, falling to 66.89. Although slight, <strong>this is the rating's fourth consecutive decrease</strong>, and <strong>continues the gradual slowdown we have seen since May 2015</strong>.</li><li>Largely thanks to the change in date for Barrett-Jackson's Las Vegas sale, <strong>auction activity actually rose for November. Otherwise, all but one of the metrics that make up the Hagerty Market Rating are down for November</strong> and all of them are down significnatly over the last 12 months.</li><li>Average sale price on the private market is down 8 percent over the last 12 months, although public sale prices haven't dropped as much. Hagery Price Guide values for average #3 vehicles have only risen by 1 percent over the past year.</li><li><strong>The number of insured value increase requests for both broad market and high-end cars continues to fall</strong>, confirming the basic trend being recorded in sale prices.</li><li>Expert sentiment dropped after a slight increase last month, and is now the lowest it has been since 2010. <strong>Most observers, however, report that the market is still increasing overall, just at a very low rate.</strong></li><li>October's reported rating was revised from 67.27 to 66.91 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.