Hagerty Market Rating - August 2021
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
66.33 as of August 2021*
Drivers of this month's change
<li>The classic car market contiues to rally as the <strong>Hagerty Market Rating increases for a fifth consecutive month</strong> hitting its highest point in over four years.</li>
<li>Overall auction activity is down slighly from last month as the major companies prepare for Monterey Car Week. Median sales price is also down but will likely rebound next month as the first live Monterey auctions since the pandemic hit the books.</li>
<li>The private market continues to flourish, even as live auctions open up. Although private sales activty dropped slighly from its two year high last month, <strong>owners of both mainstream and high-end vehicles increased insured values for a tenth consecutive month</strong> and shows no signs of slowing down.</li>
<li>Optimism among our industry experts is at one of its highest points since 2014. The economy as a whole appears to feel similarly optimistic. Driven primarly by the US Median Home Price Index, which continues to break records, our <strong>major economic indicators are at an all-time high</strong>.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.