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: