Hagerty Market Rating - September 2017
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.73 as of September 2017*
Drivers of this month's change
<p><ul><li>The Hagerty Market Rating has seen six month-over-month decreases so far this year, but <strong>for September it experienced its first increase in four months with a gain of over four-tenths of a point to 65.10</strong>.</li><li>After two consecutive decreases, <strong>auction activity experienced its largest increase since March of this year, largely thanks to August's flurry of auctions in Monterey</strong>.</li><li>While overall sales totals from Monterey were down year-over-year, results were considerably stronger than anticipated. <strong>Market observers were pleasantly surprised, which led expert sentiment to increase more than any other section this month</strong>. This comes after sizable drops for the previous two months, and it is also the <strong>biggest increase in expert sentiment since October 2016</strong>.</li><li><strong>Other sections of the rating, meanwhile, continue to slowly decrease</strong>. The average sale price on the private market experienced a very small drop, while the number of owners expressing the belief that the values of their vehicles are increasing again dropped</strong>. For both the owners of mainstream vehicles and the owners of high-end vehicles, the number is at its lowest point in several years.</li><li>As for external market forces, a change in gold prices led to a sizable drop in the correlated instruments section of the rating, but it was not enough to offset the positive movement made by other sections.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.