Hagerty Market Rating - October 2017
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.36 as of October 2017*
Drivers of this month's change
<p><ul><li>After six month-over-month decreases so far this year, the <strong>Hagerty Market Rating increased for September and increased yet again for October, growing slightly to 65.24</strong>.</li><li>The optimism from market observers coming out of Monterey in August has continued into October. The <strong>expert sentiment component of the Hagerty Market Rating grew again for October, but the increase was not as high as last month</strong>.</li><li><strong>Prices on both the auction market and the private market are up slightly over last month</strong>, but the <strong>number of cars consigned at auction and the number of cars that changed hands privately both decreased slightly</strong>.</li><li>Other trends have continued their downward movement seen throughout much of the year, but not enough to offset the rating's positive movement over the past two months. Namely, <strong>the number expressing the belief that the values of their vehicles are increasing continues to go down</strong>, and this is true for both the owners of high-end vehicles and the owners of mainstream vehicles.</li><li>As for external market forces, another change in gold prices led to another decrease in the correlated instruments section of the rating, but once again the change was minor.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.