Index of the Automotive A-List
Hagerty’s Blue Chip index remains perched on the plateau it reached a year ago following a period of only nominal changes. As noted in May, stability is the new norm at the top of the market (and for the broader market as well), which is bad news for speculators but good news for end users. It’s worth pointing out that, as has been the case for all of 2018, this index continues to sit at its all-time high.
Aside from high profile private sales of a Ferrari 250 GTO and a McLaren F1, along with the sale of Aston Martin DB4 GT Zagato “2 VEV” at a British auction, relatively few crown jewel cars came to market during the first seven months of the year. That changed in August, as the Monterey auctions had more major consignments than 2017, showing that not all owners are sitting on their A-list cars.
In terms of areas of strength among top-tier cars, the Aston Martin DB5 had its second consecutive period of strong growth and is now 15 percent more valuable than it was a year ago. The Lamborghini Miura SV also saw good growth at eight percent over the past four months. Sliding were the 1953 Chevrolet Corvette (off by three percent) and the 1973 Porsche 911 Carrera RS (down four percent).
The Hagerty "Blue Chip" Index of the Automotive A-List is a stock market style index that averages the values of 25 of the most sought-after collectible automobiles of the post-war era. The list below shows the cars that make up the index, while the graph to the left shows this index’s average value over the years. Values are for #2 condition, or “excellent” cars.
The term "Blue Chip" at one time referred to the highest value chip at a casino. Since the 1920s, "blue chip" has been a stock market term for the most stable and consistent stocks.