Blue Chip

Index of the Automotive A-List

The Hagerty Blue Chip index is up a cheerful 3% and currently sits at an unexpected all-time high. Don’t get too excited, however, as this move is due in full to a surge in D-Type pricing. Take the Jaguar out of the equation and the index actually dropped by a percent.

For a better indicator, reference the number of declines among the component car (6) compared to gains (3). The remaining two gainers (1967 Chevrolet Corvette and 1969 Toyota 2000GT) are mildly rebounding following sustained slides, which reinforces that overall this sector is sluggish.

Lingering market uncertainty will likely prompt most owners of these types of cars to hold in the short term, making inventory scarce. How buyers respond when high-quality examples do finally come to market will provide a clue about when activity will pick up.

-Brian Rabold, September 2017

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