Hagerty Market Rating - September 2015
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
71.23 as of September 2015*
Drivers of this month's change
<p><ul> <li>Although six of the Hagerty Market Rating’s eight sections are up from last month, <strong>the overall Market Rating is down for the fourth straight month</strong>, with a decline of .09.</li> <li><strong>Expert Sentiment fell 1.4 points from last month</strong>, and has dropped by 27 points from its peak in January 2013. <ul> <li>While Expert Sentiment has steadily moved towards a “flat” rating, this decline has taken place over 32 months. For comparison, this metric fell 28 points in 8 months during the 2008 market correction.</li> <li>In summary, <strong>the current shift is indicative of a market slow-down, not a bursting bubble</strong>.</li> </ul> </li> <li>A plummeting stock market in August and rising gold prices (which are inversely related to the collector car market) prompted the <strong>Correlated Instruments section to drop 5.6 points from last month</strong>—the largest month-to-month reduction since August 2013.</li> <li>Despite a sizeable decline in the number of vehicles sold at auction in August, <strong>a big jump in average sale price thanks to the Monterey Auctions raised the Auction Activity rating by more than half a point</strong>.</li> <li>After two consecutive months of declines, <strong>Private Sales Activity increased this month due to rising average sale prices</strong>.</li> <li>High-End Insured Value increases were quiet, but <strong>Broad Market Insured Values set an all-time high with their 17th consecutive monthly increase</strong>. Although value increases are up, the rate at which they are growing has consistently slowed during the past 5 months.</li> <li>August’s reported rating was revised down to 71.20 from 71.23 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.