Hagerty Vehicle Rating – January 2017 Bottom 25 cars
Traditional British models continue trailing the market, according to the Hagerty Vehicle Rating’s January 2017 update, with five landing in the most recent Bottom 25 list. Thanks to waning demand and soft prices, the Austin-Healey 3000 moved up one spot (or is it down?) reclaiming the rating’s lowest position, tying for first place with the Ford GT.
The Ford GT appreciated strongly between 2012 and 2015. But a glut of models subsequently flooded the public and private markets, with owners trying to cash in, and the sudden oversupply drove demand, and prices, down. (For greater insight into the Ford GT, see this article.)
Unfortunately for the Austin-Healey 3000, this marks the fourth consecutive period that it has landed in the bottom 10 (one of only two cars to do so). The Rolls-Royce Corniche rejoined the list, the Jaguar XK120 is the other perpetual member of the bottom 10. The Morris Minor and Triumph TR3 were added to the Bottom 25 for the first time.
Porsches, Buicks and Thunderbirds also performed poorly over the past two months. The 1964-68 Porsche 911 held steady from November 2016, in third place, in the rankings, and the 1969-73 911 moved from 11th to 12th spot. The 1966-69 912 was newly added to the list, tied for 9th, and the venerable 356 joined in 20th place. The 1965-70 Buick Wildcat and Electra 225 were newcomers to the list due to flagging consumer interest, and the 1968-72 Buick Skylark sunk four spots from November due to soft performance in the public channel. Both the oldest and newest of Ford’s personal luxury car placed, with the 1955-57 and 2002-05 Thunderbirds riding low demand to a tie for the ninth and 22nd positions respectively.
A number of models fell out of the bottom 25, most notably the Mercedes-Benz 190SL (following three consecutive chilly periods) and the 1970-81 Chevrolet Camaro.
The bottom 25 for January breaks down like this:
The Hagerty Vehicle Rating is derived through the use of the following data:
- Hagerty Price Guide — Measures the change in value of #3-condition (good) cars.
- 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.