Hagerty Indexes Idle into 2025 

The Hagerty Price Guide Indexes—first published in 2009—are a series of stock market-style indexes that average the condition #2 (“excellent”) values of representative vehicles, or “component” cars, from a particular segment. These indexes are updated quarterly and provide an overview of how these segments of the collector car market are performing overall, as well as relative to each other.

The latest collector car market movements as tracked by Hagerty’s indexes show that current conditions continue to be sleepy. Of the 11 indexes Hagerty routinely reports on, three decreased in value over the last quarter, two increased, and the remaining six were unchanged. The largest swings were two percent, both up and down. Year over year, seven of the indexes are below January 2024 levels, with Muscle Cars and Ferrari down significantly (10 percent and nine percent, respectively).

The RADindex of collectible vehicles from the 1980s and 1990s grew the most this past quarter with a two percent gain, while Hagerty’s index of collectible trucks and SUVs dropped furthest with a two percent slide. Every other index saw at most a one percent change in either direction. Over the past year, Hagerty’s Supercar index has been the strongest, though its paltry two percent annual increase simply underscores how tepid market conditions have been across all segments.

The market has been uneven for the past several years, with auctions recording lower average prices and private sales activity slowing. Meanwhile, there are still record-setting prices being paid for special examples of rare cars. The performance of these indexes suggests this dichotomy will continue for a while longer.

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Blue Chip Index

The Hagerty “Blue Chip” Index of the automotive A-List is a stock market-style index that averages the values of 25 of the most sought-after collectible automobiles of the post-war era.

Hagerty’s Blue Chip index was unchanged to start 2025, locking in a two percent slide over the last year. Of the 25 cars that comprise the index, only four moved at all, with those movers evenly split between price increases and price decreases. While extremely rare and distinctive models remain in demand, top-end buyers are exercising restraint and selectivity, which is holding the market in equilibrium for now.

The 1953 Corvette suffered the most last quarter with a sizeable 10 percent drop. The BMW 507 joined the Corvette, though with only a two percent slip. In the black were the Lancia Aurelia B24 Spider America, which clawed back some of the losses it realized in the first half of 2024 with a five percent gain, and the Aston Martin DB5, which grew in value by three percent.

Blue Chip cars are so-called because of their ability to hold value, but it’s all about the details in today’s market. As a buyer make sure you’re paying extra attention to them; if you’re a seller, make sure you’re emphasizing them adequately.

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British Car Index

The Hagerty Index of British Cars is a stock market-style index that averages the values of 10 of the most iconic British sports cars from the 1950s-70s.

Hagerty’s British Car index fell one percent to start 2025, leaving it two percent behind where it was both one and four years ago. For the quarter, two cars improved in value, five decreased, and three remained unchanged. The group’s last quarterly increase occurred in October of 2022.

The Jaguar E-type and the MGB landed in the win column with three- and four-percent gains, respectively. Those successes were negated by several cars recording three- and four-percent losses. Values in this segment have been steadily eroding since 2020, even as many market segments were taking off. This group still represents a lot of great motoring experiences, but each year they compete with a new crop of modern used cars that are fun and affordable, if not quite so vintage.

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Ferrari Index

The Hagerty Ferrari Index is a stock market-style index that averages the values of 13 of the most sought-after street Ferraris of the 1950s-70s.

Hagerty’s Ferrari index held steady this quarter, which was encouraging news following last quarter’s five-percent drop. This group of cars is down nine percent year-over-year, and up only a single percentage point since January 2020. Of the 13 cars in the index, only one recorded a change: the Ferrari 330 GTC shed two percent following a massive 30 percent jump in 2024. Furthermore, nine of these cars are worth less today than they were a year ago. Evolving demographics and continued consumer patience for luxury purchases were two market factors for these cars a year ago, and they both seem to be still in play for 2025, even if this index stabilized this past quarter.

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American Muscle Car Index

The Hagerty Index of American Muscle Cars is a stock market-style index that averages the values of the rarest and most sought-after muscle cars.

Hagerty’s index of American Muscle Cars was flat to start 2025, halting a year-long skid for this market segment. The index is down 10 percent from a year ago, although it’s up 32 percent from 2020.

Of the 15 cars in the index, the 1964 Chevrolet Impala was the lone gainer (up two percent), while the 1970 Chevrolet Chevelle and 1969 Ford Mustang Boss 429 lost two percent each, and the 1970 Plymouth AAR Cuda slipped one percent. The remaining 11 cars in this group were parked.

American Muscle has been a market mainstay for twenty years, which may indicate that interest will wane as younger collectors subject the market to their preferences. Those younger collectors, however, have shown a notable interest in cars of this era—especially those with a direct connection to more recent models—which should extend this segment’s relevance for several years.

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German Car Index

The Hagerty Index of German Cars is a stock market-style index that averages the values of 21 of the most sought-after cars from BMW, Mercedes-Benz, and Porsche from the 1950s-70s.

Like five of Hagerty’s other collector car indexes, the German Car index was unmoved to start 2025. This is the second consecutive quarter the index hasn’t recorded a change and the sixth out of seven it has stayed put. The index is up a single percent year-over-year, and 19 percent over the past five.

Two cars saw increases, with the 1979 Porsche 911 Turbo jumping ahead by nine percent. Downward moves hit four cars, with the biggest change dragging the Mercedes-Benz 600 sedan down seven percent.

German sports and luxury cars are still aspirational for rising collectors, but those interests are primarily centered on BMW, Mercedes, and Porsche models from the 2000s to the present. Whether those will be gateway cars to legacy models remains to be seen.

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1950s American Car Index

The Hagerty Index of 1950s American Classics is a stock market-style index that averages the values of 19 of the most sought-after collectible American automobiles of the 1950s.

Hagerty’s index of 1950s American collector cars held firm to begin 2025, marking the third consecutive period with no change. The index has slipped three percent over the last three years but is six percent improved over January of 2020.

Despite calm on the surface, there was notable movement among the component cars, just at a level that balanced out. Most improved for the quarter was the 1953 Oldsmobile Series 98 Fiesta convertible, which increased by 10 percent (interestingly, the same amount that its Motorama sibling, the 1953 Corvette, dropped). Meanwhile, the 1957 Ford Thunderbird lost eight percent, the 1956 Continental Mark II lost seven percent, and the 1953 Hudson Hornet convertible lost five percent.

These cars have flagged slightly since their high point ten years ago, but they still have a sufficient following of active buyers to keep price decreases in check.

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Affordable Classics Index

The Hagerty Index of Affordable Classics is a stock market-style index that averages the values of 13 undervalued cars, priced around $40,000, from the 1950s-70s.

Hagerty’s Affordable Classics index dropped one percent to begin 2025, which is the same amount the index is down year over year. This market segment was one of the hottest from 2018 through 2022 but has since plateaued, although it is still only four percent off its all-time high from October 2023.

Only one car in the index increased in value this past quarter, with the MGB improving by four percent. Meanwhile, three cars fell, with the Volkswagen Beetle leading the pack at a seven percent drop. Expect this part of the market to remain modestly active for the next six months, which should be welcome news for enthusiasts who prioritize driving their cars over appreciation. 

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RADindex

The Hagerty RADindex is a stock market-style index that averages the values of 21 collectible vehicles from the 1980s and 1990s.

Hagerty’s RADindex of collectible cars from the 1980s and 1990s was one of only two Hagerty indexes to increase in value this quarter (the other being Hagerty’s index of collectible Japanese vehicles). Despite the modest move, the index has reclaimed its losses from 2024 and then some, and now sits at an all-time high.

Twice as many vehicles increased in value as decreased (six vs. three), with the Delorean being the front-runner (up 12 percent), and the Audi Quattro (up 10 percent) and the 1997-2005 Acura NSX (up eight percent) also making the podium. The 1979-93 Ford Mustang fell furthest (down nine percent), with the 1982-92 Chevrolet Camaro down three percent and the 1978-87 Buick Regal down an identical amount despite Kendrick Lamar’s best efforts. We expect this segment to continue to be a good performer, as it is old enough to appeal to rising collectors who are fueled by nostalgia, yet young enough to provide a more modern (but not too modern) upgrade for established collectors who are looking to enjoy something that demands less time and attention.

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Truck and SUV Index

The Hagerty Truck and SUV Index is a stock market-style index that averages the values of 18 collectible trucks and SUVs from the 1940s to the 1990s.

The Hagerty index of collectible trucks and SUVs tumbled two percent this quarter, leaving it down one percent over the last 12 months. This is the same routine the index has been running since 2023.

Movement within the index was much more volatile than a two-percent change might suggest, however, illustrating how dynamic today’s market is. In all, twice as many vehicles lost value as gained (six vs. three), with the 1948-52 Ford F-Series plummeting a staggering 25 percent over the previous three months, and the Jeep Grand Wagoneer sinking by ten percent. Gains from the FJ60/62 series Toyota Land Rover (up 18 percent) and the 1984-89 Toyota pickup (up seven percent) were enough to minimize the effect.

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Japanese Vehicle Index

The Hagerty Japanese Vehicle Index is a stock market-style index that averages the values of 19 collectible Japanese vehicles from the 1960s to the 2010s.

Hagerty’s index of collectible Japanese vehicles was quiet over the last three months, with no change to the group for the second consecutive quarter. Losses in the first half of 2024 have left this segment down three percent.

Notable increases in the group include the 1984-89 Toyota pickup (up seven percent) leading the way, followed by the FD Mazda RX-7 (up five percent) and the 2003-05 Mitsubishi Lancer Evo VIII (also up five percent). A pair of vehicles lost value, with the Toyota FJ40 Land Cruiser slipping by five percent and the Datsun 240Z backsliding by four percent. Prospects for collectible Japanese vehicles look good long term, as their brand strength has only grown over the years and as enthusiasts are looking more for usability and reliability in their fun cars.

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Supercar Index

The Hagerty Supercar Index is a stock market-style index that averages the values of 15 collectible modern supercars and hypercars.

Hagerty’s Supercar index was unmoved over the last three months, which means it is still sitting at its high-water mark. This group of cars is two percent improved over a year ago, and it hasn’t lost any value since October of 2023.

Unlike some of our other indexes, the static bottom line in this segment was due to stable prices throughout. Only one of the index’s cars moved a dollar (the Jaguar XJ 220, with a three percent increase), while the remaining 14 were in stasis.