Hagerty Market Rating - June 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
68.74 as of June 2016*
Drivers of this month's change
<p><ul><li>Following a very slight increase last month, the <strong>Hagerty Market Rating is down to 69.01</strong> for June.</li><li>While last month marked the largest increase of 2016 in the auction channel, <strong>auction activity instead saw its largest decrease so far this year</strong> for June and is currently at a 33-month low.</li><li><strong>Private sales activity fell for the third consecutive month.</strong> Over the last 12 months, the average private sale price has fallen 10 percent and the percent of vehicles selling for above their insured values has fallen 1.4 percent.</li><li><strong>Requests for insured value increases for braod market vehicles declined for the ninth consecutive month.</strong></li><li><strong>Requests for insured value increases for high-end vehicles fell for the second consecutive month</strong> and are at a 15-month low.</li><li>Correlated instruments saw an increase for the second time this year, as the price of gold per ounce fell and the S&P 500 passed 2,100 forthe first time since November 2015.</li><li>May's reported rating was revised from 69.35 to 69.17 due to newly released inflation numbers.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.