Hagerty Market Rating - September 2018
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.69 as of September 2018*
Drivers of this month's change
<p><ul><li>After a stumble in August, the <strong>Hagerty Market Rating continues the general upward trend it has seen over the past few months, rising 0.35 points to 65.33</strong>.</li><li>While the Monterey auctions were relatively strong this year, <strong>auction activity is down for the September rating</strong>. While average sale prices have been up slightly, there has been a <strong>10% drop in the number of cars sold at auction over the past year</strong>. Things are <still>looking good on the private market, meanwhile, with a 10% increase in the average sale price over the last 12 months</strong>.</li><li>Owner optimism is still mixed. <strong>The number of mainstream vehicle owners who think that values are increasing was down again for September. The number of high-end owners expressing that belief was essentially flat</strong>.</li><li><strong>The expert sentiment section of the rating currently sits at a two-year high</strong>. Market observers cited <strong>big sales in Monterey and strong prices for many entry-level cars</strong> as the reasons behind their optimism.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.