Blue Chip

Index of the Automotive A-List

Hagerty’s Blue Chip index retreated by a miniscule 0.8 points this past period, effectively leaving it unchanged. The group still sits at its historic high, although it hasn’t recorded a four-month change of more than ten percent in three and a half years. What was the norm from 2011 to 2014 is now a rarity.

Blue Chip cars enjoyed a surge at the end of 2017 in large part due to pent-up demand being released with the announcement of like-kind exchange tax deferments for collector cars going away. Since then, it seems that the reduced financial incentive has put buyers on pause.

Not to say that we have reached the end times. The BMW 507 pushed ahead 13 percent, Porsche Speedsters and Aston Martin DB5s both made strong moves, and Shelby Cobras and Mercedes-Benz 300SLs—despite being flat in value—are both readily trading.

Rapidly changing external forces can impact the collector car market quickly. If the stock market slumps or real estate stagnates, tangible assets could easily be seen as attractive investment opportunities again, which will obviously change the fortunes of these cars.

-Brian Rabold, May 2018

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.

This index includes