Hagerty Market Rating - October 2021
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
68.88 as of October 2021*
Drivers of this month's change
<li>As we enter fall, the classic car market is showing no signs of slowing down. Jumping a full point, the <strong>Hagerty Market Rating increased for the seventh consecutive month</strong> to its highest position since April 2016.</li>
<li>Optimism among industry experts remains high as auction activity and sales between private parties bounce back to pre-pandemic levels.</li>
<li>With the release of the September edition of the Hagerty Price Guide, its clear that most of the <strong>market expansion is occurring around traditional classics</strong>. The Hagerty Hundred Index - the average value of the 100 most insured postwar cars - is at its highest point in 5 years, while seven-figure Blue Chip cars increased only slightly.</li>
<li>The greater economy is finally showing signs of slowing down as our economic indicators dropped for the first time in over a year, albeit only a tenth of a point. Time will tell if this trend will continue or if it was just a blip in an overall historic run. </li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.