Hagerty Indexes Match the Market’s Minimal Movement

The Hagerty Price Guide Indexes—first published in 2009—are a series of stock market-style indexes that average the Hagerty Price Guide 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.

Hagerty released new Price Guide values on April 1, and along with them updated numbers for our major indexes. Movement across these indexes confirmed the market is still plotting a steady if sleepy course, much as it has for the last few years. Of the 11 indexes, four increased in value, one fell, and six held steady. The biggest mover was Hagerty’s Collectible Truck and SUV index, which increased by 5% since January, a number that was nearly matched in reverse by the Collectible British index’s 4% fall over the same period. The rest of the indexes saw only nominal changes.

The year-long picture is similar: seven indexes have appreciated, though the most aggressive move was only a 4% creep from the Trucks and SUV Index. Fewer indexes lost value, but their drops were bigger, with British Cars falling seven percent and Ferraris sliding five percent. Muscle Cars dropped four percent.

While the market may be sluggish overall, performance varies at different levels, be that price, category, model, or sales channel. If you’re in the market, take note, take care, and do your research; the sales climate is more complex than it seems on the surface.

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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 Hagerty Price Guide condition #2 (“excellent”) values of 25 of the most sought-after collectible automobiles of the post-war era.

Hagerty’s Blue Chip index remained steady this past period and continues its four-year run of stability, during which it has only marked a 3% change overall. The broader market has certainly been volatile during that time, but this set of cars has been well-insulated, for better or worse.

Individually, seven cars from this index increased in value since January, two decreased, and 16 remained unchanged. Winners were localized to some of the lower-priced members of the index, but their collective gains weren’t enough to overcome the Maserati 5000GT Frua’s $150,000 (6%) fall. The 1953 Corvette was the biggest winner of the period with a 15% climb, while the Lancia Aurelia B24 Spider America gained 9%, and both the Aston Martin DB5 and Shelby GT350 notched an 8% rise.

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British Car Index

The Hagerty Index of British Cars is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 10 of the most iconic British sports cars from the 1950s-70s.

Hagerty’s British Car Index fell 4% this period—its second consecutive retreat—and is now 7% off its level from a year ago. Only one car improved in value since January (the 1963 MGB moved up 4%), while five cars fell and four stood still. The Austin-Healey 100M Le Mans and the Sunbeam Tiger declined the most (10% and 8%, respectively). Of the 11 indexes discussed in this article, the British Car Index is the only one that lost value during the first quarter of 2025. There are two competing influences impacting this part of the market: These cars don’t offer the performance and reliability that many cheaper and more modern options do, which will be a persistent drag on values. Conversely, classic Brits deliver a decidedly vintage experience, which makes them stand out. These factors are in tension and should minimize major value swings in the near term.

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Ferrari Index

The Hagerty Ferrari Index is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 13 of the most sought-after street Ferraris of the 1950s-70s.

Hagerty’s Ferrari Index settled in for its second consecutive changeless quarter, which leaves it 5% lower than it was a year ago and 9% down over the last 24 months. More than half the cars in this index are worth less than they were at this time in 2024.

Movement was minimal across the spectrum, with just three cars changing value. The 250 LM rose by $300,000, which was enough to neutralize a $150,000 fall from the 250 GT SWB and a $50,000 stumble for the 330 GTC.

Ferraris from this era are in a precarious position. They are extremely desirable among older collectors and carry accordingly high price tags, but they don’t have as much recognition with younger generations who expect a seven-figure entry price to buy world-beating performance. Younger collectors may mature to appreciate these cars as fundamental parts of the Ferrari story, but how long that might take or whether they do at all will be defining features for the Ferrari market in the long run.

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American Muscle Car Index

The Hagerty Index of American Muscle Cars is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of the rarest and most sought-after muscle cars.

Hagerty’s Index of American Muscle Cars increased by a modest 1% this quarter. More important than the size of the increase is the fact that it was an increase at all, as this was the first time since April 2023 that the muscle car market recorded a gain. Even with this good news, the index is down 4% year-over-year and 11% over the past three, which is the biggest decrease of all Hagerty’s indexes over both these timeframes.

Most cars in the index didn’t move in either direction. The three that improved were the LS6 Chevelle (up 14%), the Ford Mustang Boss 429 (up 12%), and the Shelby GT350 (up 8%). Losses were fewer and smaller, with the 1964 Impala SS and the 1965 Pontiac GTO losing 5% and 3%, respectively.

Despite the relatively rough road this group has travelled of late, it’s worth noting that this index was at an all-time high three years ago, so its current level isn’t exactly depressed. Instead, American muscle seems to be settling into a new level.

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German Car Index

The Hagerty Index of German Cars is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 21 of the most sought-after cars from BMW, Mercedes-Benz, and Porsche from the 1950s-70s.

Hagerty’s German Car Index increased by less than a percent last quarter, but that was enough to push it to a new all-time high for the second consecutive period. This segment of the market has been remarkably consistent over the last decade, during which it has increased 13%—an amount that lags inflation but outpaces most other areas of the classic car market.

Only three of this index’s cars saw value adjustments, with the BMW 507 increasing by 5%, the Mercedes-Benz 600 sedan increasing by 10%, and the Mercedes 280 SE 3.5 Cabriolet falling 20%.

This index’s understated changes haven’t extended to more modern eras of German performance cars, which have seen more price volatility this decade. These older cars, being much more established collectibles, have been much less risky in the market.

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1950s American Car Index

The Hagerty Index of 1950s American Classics is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 19 of the most sought-after collectible American automobiles of the 1950s.

Hagerty’s Index of 1950s American Cars moved up by a single percent last quarter, the first adjustment of any description for this collection since April 2024. While the change wasn’t drastic, it was driven by nearly a third of the cars in the index appreciating.

The biggest mover was the 1958 Studebaker Golden Hawk with a 15% change, while five other cars moved between 2% and 4% each. The Continental Mark II, on the other hand, was the sole slider, riding a 7% drop to hit its lowest level since 2015.

Demographics and high restoration costs will continue to be headwinds for this group of cars, but there is no denying they provide tons of distinction and personality per dollar.

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Affordable Classics Index

The Hagerty Index of Affordable Classics is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 13 undervalued cars, priced around $40,000, from the 1950s-70s.

The Affordable Classics Index’s 20% increase over the last five years has been one of the brightest parts of the market, but the last 12 months have been a different story. The index was unchanged last quarter but is down 3% year over year.

The AMC Javelin was the strongest mover with a 15% change since January, showing that affordable muscle is still attractive, while the Volkswagen Beetle and Studebaker Lark notched smaller gains. The 1965 Ford Mustang GT coupe fell furthest with a 12% drop. The Volkswagen Karmann Ghia and Chevrolet Corvair decreased by 3% and 4%, respectively.

This index’s $39,000 average price is representative of the level where most enthusiasts shop, which makes it a good lens for the price shifts that most of the market is going through right now. Which is to say, not much.

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RADindex

The Hagerty RADindex is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 21 collectible vehicles from the 1980s and 1990s.

Hagerty’s RADindex of collectible cars from the 1980s and 1990s was unchanged during the first quarter of 2025, leaving it 2% improved year over year. There was plenty of movement below the surface, though, with eight of the index’s cars increasing in value and four decreasing.

The Mk II Volkswagen GTI continued its recent tear with a 29% surge since January, and Audi’s Ür-Quattro posted an aggressive 8% move in the affirmative over the same period. The GMC Syclone was another major mover with a 12% gain.

Not all hot hatches matched the GTI and Quattro’s success, as the Lancia Delta HF Integrale fell 12%. The Delorean, one of Hagerty’s picks for the 2025 Bull Market list, had an 8% stumble. Even though this group of cars has slowed considerably, it still has good long-term prospects as more millennials enter the market in the coming years and buy cars from their youth.

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Truck and SUV Index

The Hagerty Truck and SUV Index is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 18 collectible trucks and SUVs from the 1940s to the 1990s.

Hagerty’s index of collectible trucks and SUVs marked the biggest quarterly gain of all Hagerty indexes with a 5% increase. This move extended the segment’s remarkable run, leaving it up 4% over the last 12 months.

A handful of vehicles did the heavy lifting this time around, with the original Ford Bronco increasing 20%, the Jeep CJ-7 appreciating by 17%, and both the GMC Syclone and Typhoon moving 12%. None of the models included in the index lost value this quarter.

Trucks and SUVs continue to speak to a wide audience, appealing in equal parts to nostalgia, practicality, accessibility, and flexibility for customization. For this reason, we expect this part of the market to continue to perform well.

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Japanese Vehicle Index

The Hagerty Japanese Vehicle Index is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 19 collectible Japanese vehicles from the 1960s to the 2010s.

Hagerty’s Japanese Vehicle Index increased 1% last quarter, which erased a similar decline a year ago to leave the group unchanged over the last 12 months. Only six of the 19 vehicles in the index saw their values change, with those moves split evenly between increases and decreases.

The Honda CRX’s value surged an amazing 50% for the quarter, leaving the model 88% above where it was a year ago. This massive swing dwarfs the two other gains (a 3% climb for the Datsun 510 and a 2% increase for the S2000). The NA Mazda Miata fell furthest at 5%, while the R32 Nissan Skyline GT-R and Mk IV Toyota Supra dropped 2%.

This index will likely see sustained interest in the future, but don’t expect massive gains overall for a while. Many years of growth were compressed into a one-year window between 2021 and 2022, and it will take some time for the rest of the market to catch up.

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Supercar Index

The Hagerty Supercar Index is a stock market-style index that averages the Hagerty Price Guide condition #2 (“excellent”) values of 15 collectible modern supercars and hypercars.

Hagerty’s Supercar Index includes some of the fastest cars ever built, but their market performance this past quarter was a more pedestrian 1% gain. Year over year, the index is up 3%, which puts it in second place among all the indexes covered in this article.

The biggest mover was the Porsche Carrera GT’s 7% increase. The Ferrari F50 moved up 3%, and the McLaren F1 inched up 2% following a handful of recent private sales. Moving in the other direction were the Porsche 959 and the Jaguar XJ 220, which both lost 1%.

Supercar buyers have historically been picky, often chasing the quicker 0-60 times and higher horsepower ratings that newer products promise. But enthusiasts’ tastes have expanded over the last decade to also appreciate more analog or connected experiences, which has worked in this group of cars’ favor. Given the direction modern performance cars are taking, it’s likely this set of cars will continue to stand out for collectors.