“Modern classics” – those vehicles built in the 1980s and later – remain the market’s…
Hagerty Vehicle Rating – January 2017 top 25 cars
Just as in November 2016, the hottest models of January ‘17 according to the Hagerty Vehicle Rating, remain vintage pickups and SUVs. Eleven of the top 25 this month fit the description, and their rise is being driven by equal parts of happy nostalgia and affordability.
The 1976-86 Jeep CJ-7 gained a point from the last period taking the top spot again, and it was also joined on the list by two other Jeeps—the Grand Wagoneer and the CJ-5. The Ford Bronco surged from number 22 to number 2 this month due to strong sales in the private market, highlighting this boxy SUV’s enduring appeal (and perhaps excitement over the revived nameplate). The 1969-72 Chevrolet Blazer climbed ten places to number 14, and both the 1947-1955 Chevrolet 3100 and 1961-1966 Ford F-Series were new additions to the list.
The Dodge Power Wagon slipped from the second spot to being tied for number 23, although we expect this model will rebound in the rankings in March when strong Scottsdale sales will be recognized.
Some high-profile auction sales launched the Shelby Cobra to the 10 spot, marking the first time since the Hagerty Vehicle Rating’s debut in July 2016 that a million-dollar car has made the list.
Falling out of the top 25 were some expensive sports cars like the Ferrari 360, BMW Z8, and BMW E30 M3, as well as some more affordable European models like the Mercedes-Benz 560SL and 190E, the Volkswagen Golf Mk II, and the Porsche 968. Taking their place are the attractive BMW E9 coupe and the ever-popular 1949-67 Volkswagen Beetle, which was in the rankings earlier this year.
The full rundown of this month’s top 25 vehicles is as follows:
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.