Hagerty Market Rating - September 2020
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
58.95 as of September 2020*
Drivers of this month's change
<p><ul><li><strong>The Hagerty Market Rating recorded its second consecutive decrease for September, dropping 1.32 points to 58.95</strong>. This is the lowest the rating has been since February 2011.</li><li>Although online auctions continue and some live events are coming back onto the calendar, <strong>auction activity dropped to its lowest level since August 2010. The Monterey auctions, which include some of the most highly anticipated and expensive sales each year, took place in a limited and online capacity in 2020</strong>.</li><li>Activity elsewhere in the market is essentially unchanged from last month, as <strong>people are still buying and selling cars privately</strong>.</li><li>One measure in the Hagerty Market Rating is the number of mainstream and high-end vehicle owners who believe that values are rising. That number surprisingly reversed a multi-year downward trend last month with small increases for both mainstream and high-end owners. For September, that momentum continued with small but surprising gains.</li><li><strong>The latest update of the Hagerty Price Guide went live on September 1</strong>. Prices were largely stable since the last update four months ago, but <strong>this section of the rating did experience a slight decrease as median Condition #3 values recorded a small drop</strong>.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.