Hagerty Market Rating - September 2021
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
67.90 as of September 2021*
Drivers of this month's change
<li>As we near the end of the second Covid Summer, it's amazing the difference a year can make. This time last year, the rating was at an all time low, but now <strong>the Hagerty Market Rating has increased for a sixth consecutive month to it's highest point in over 5 years</strong>.</li>
<li>After a strong showing at Monterey, <strong>auction activity is back to pre-pandemic levels</strong> and optimism among our industry experts is at its highest point in over seven years.</li>
<li>Proving growth in the classic car market isn't isolated, our economic indicators increased for the thirteenth consecutive month to a new all-time high, spurred on by the S&P500 and the Home Price Index.</li>
<li>As more events open up, the private market continues to flourish. <strong>Private sales activity saw the largest single-month increase in the last 7 years</strong> (+3.6 points). Collectors who aren't selling, instead believe their cars will continue to gain value. Owners of both mainstream and high-end vehicles increased insured values for the eleventh straight month to their highest point in over four years.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.