25 cars propping up the bottom of the market

The big news at the bottom of the newest Hagerty Vehicle Ratings (HVR) is that there is no big news. In a market that seems to be fluctuating further up the food chain, cars at the bottom end of the ratings haven’t seen much action. In fact, the bottom is still comprised of the same cars from the last update, with just a few of them changing positions.

The HVR tracks a car’s performance relative to the entire collector car market. Based on a 0–100 scale, a car rated at 50 is keeping pace with the overall market. A car scoring higher than 50 is appreciating more quickly than the market, while a score below 50 indicates the car is lagging.

Of note are the 1985–89 Ferrari 328, 1971–74 Jaguar E-Type, 1964–68 Porsche 911, and the 1976–89 Porsche 911 Turbo. All of these cars moved up in the ratings, which could indicate that they have bottomed out price-wise and will now begin to climb. That should be a sign for savvy enthusiasts who have been watching any of these cars that this may be a good time to jump into the market.

More than half of the cars in the bottom 25 are valued above $25,000. In the realm of collector cars, that’s not a huge figure, but Hagerty information analyst Jesse Pilarski notes that it is the most obvious distinction between the top and bottom of the Hagerty Vehicle Ratings. For comparison, only one car in the top 25 is currently valued above $25,000—the 1983-90 Land Rover Defender.

The Hagerty Vehicle Rating is derived through the use of the following data:

Hagerty Price Guide — Measures the change in value of cars in #3 (good) condition.

Insured Activity — Measures how many cars have been added to Hagerty’s insured book and their average value at the time they’re added.

Quote Activity — Measures how many cars have been quoted.

Auction Activity — Measures the number of cars, their average sale price and the sell-through rate for those cars.

Private Sales Activity — Measures number of cars sold, average sale price and what percentage of them sell above their insured value.

Here’s a complete look at the cars bringing up the rear of the Hagerty Vehicle Rating:

1955-1963 Mercedes-Benz 190SL 4
1985-1996 Ferrari Testarossa / 512 TR / F512 M 9
1968-1971 Mercedes-Benz 280SL 9
1976-1989 Porsche 911 Carrera (Turbo 930) 10
1964-1968 Porsche 911 11
1952-1954 Ford Crestline 12
1958-1960 Chevrolet Biscayne 12
1985-1989 Ferrari 328 GTB / GTS 13
1971-1974 Jaguar E-type (XKE) 13
1968-1982 Chevrolet Corvette 13
1956-1961 Studebaker Hawk 15
1986-1989 Mercedes-Benz 560SL 15
1966-1970 Ford Falcon 15
1967-1971 Mercedes-Benz 280SE 16
1986-1992 BMW M3 16
1958-1960 Ford Thunderbird 17
1955-1958 Cadillac Eldorado 17
1960-1964 Plymouth Fury 18
1961-1964 Pontiac Bonneville 18
1963-1966 Plymouth Valiant 18
1964-1967 Pontiac GTO 18
1965-1968 Plymouth Fury lll 18
1969-1973 Plymouth Fury / VIP 18
1991-1992 GMC Syclone 18
1972-1980 Mercedes-Benz 450SLC 18
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