As we enter 2012, we at Hagerty Price Guide have been putting the finishing adjustments…
Hagerty Price Guide 29 by The Numbers
Book 29 of Hagerty Price Guide has been published and new prices are now available on Hagerty Valuation Tools. The pricing developments we recorded during this update continue to demonstrate that growth in the collector car market is slowing. Although there are definite bright spots, the overall pace of change recorded since September is well off what we have observed during the previous three years.
For example, only one of Hagerty’s seven primary indices moved in excess of 5 percent this past period, and five of them were off of their three-year rate of change. The two that were up slightly compared to recent activity (1950s American Cars and Affordable Classics) were the two sleepiest sectors since 2012, meaning they had lower hurdles to clear.
In terms of value adjustments in the guide, this past period saw a scant 4.6 percent of all vehicles increasing in value by more than 5 percent, which is the smallest amount since Hagerty Price Guide was first published in 2006. Remarkably, this includes the 2008-09 market contraction. Furthermore, there were more cars decreasing in value than at any other time over the past two years. Fewer big increases, more decreases.
The biggest increases were once again for modern classics, as cars from the 1990s and 2000s in particular saw the largest average dollar increase among all decades. This was courtesy of cars like the Ferrari Enzo, 550 Barchetta, and F355, as well as other European supercars such as the Jaguar XJ 220 and Bugatti EB110. Other bright spots include 1960s and early 1970s Mercedes sedans, as well as the Porsche 944 and 924, mostly because of the large price gap relative to these models and other models of the same era from the same manufacturers.