Hagerty Market Rating - September 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
67.48 as of September 2016*
Drivers of this month's change
<p><ul><li>For the second consecutive month, the <strong>Hagerty Market Rating fell more than half a point</strong>, dropping to 67.74.</li><li>After increases in July and August, <strong>Auction Activity decreased more than any other section this month and more than it has in 13 months</strong>.</li><li><strong>Private sales activity also dropped</strong> after two consecutive months of increases. The <strong>Overall average sale price is down 11 percent over the last 12 months</strong>.</li><li><strong>Requests for value increases for broad market vehicles fell for the 12th consecutive month.</strong></li><li><strong>Requests for value increases for high-end vehicles also dropped</strong>, seeing a slightly larger decrease than broad market vehicles.</li><li><strong>Expert Sentiment fell for the third consecutive month</strong> and is at its lowest level in 68 months.</li><li><strong>The Hagerty Price Guide section of the rating increased</strong>. While most cars are holding their values, the cars that increased outweighed the cars that fell.</li><li><strong> Correlated instruments saw a significant increase</strong>, largely due to a sizable drop in the price of gold last month.</li><li>August's reported rating was revised from 68.46 to 68.32 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.