Hagerty Market Rating - October 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.91 as of October 2018*
Drivers of this month's change
<p><ul><li>The <strong>Hagerty Market Rating saw its second consecutive increase, rising 0.14 points to 65.41 and continuing the general upward trend seen throughout most of 2018.</strong></li><li>The biggest increase of any section this month was for auction activity. <strong>The median sale price at auction is up 6%</strong> over the last 12 months. <strong>On the private market, meanwhile, the percentage of vehicles selling for above their insured values has fallen slightly</strong> over the last 12 months.</li><li>Owner optimism is still mixed, as it has been for several months. <strong>The number of mainstream vehicle owners who think that values are increasing was down again for October, while the number of high-end owners expressing that belief was up slightly after being flat for September.</strong></li><li>Strength in external market forces led to a small increase in the correlated instruments section for October.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.