Hagerty Market Rating - August 2017
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
64.35 as of August 2017*
Drivers of this month's change
<p><ul><li>After a sizable drop last month, the <strong>Hagerty Market Rating is down again with a decrease of half a point to 64.86</strong>. This is the rating's sixth drop so far this year.</li><li>While the auction activity section of the rating had been kept strong by increases in the number of cars sold at auction so far this year, the trend hasn't continued and <strong>auction activity decreased for the second consecutive month thanks to a 2% drop in the number of cars sold compared to last month. Private sales activity also experienced its second consecutive decrease, again thanks to a small drop in the average sale price as well as a small drop in the number of vehicles selling for above their insured values</strong>.</li><li><strong>The number of owners expressing the belief that the values of their vehicles are increasing continues to gradually decline</strong>, and this is true for the owners of both mainstream and high-end vehicles. The drop is particularly pronounced, however, for owners of previously hot models like the Ferrari 308 and Ford GT.</li><li>For the second month in a row, <strong>expert sentiment dropped more than any other section</strong>.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.