“Modern classics” – those vehicles built in the 1980s and later – remain the market’s…
Hagerty Vehicle Rating – November 2016 top 25 cars
Since we last reported the Hagerty Vehicle Ratings in September, some interesting shifts have occurred at the top of the charts. For starters, the 1963–65 Buick Riviera lead the way with 96 rating just three months ago; now it’s not even in the Top 25.
In its place is the 1976–86 Jeep CJ-7. The venerable American off-roader was previously ranked 24th, but its 96 rating speaks to its appeal, which is comprised chiefly of its familiar good looks, its go-anywhere ruggedness, and its overall accessibility both in terms of price and sheer number. They’re out there, and they’re cheap fun.
Also worth nothing in the latest Top 25 are two new arrivals: the 1969–74 Alfa Romeo GTV and the 1982–87 Oldsmobile Cutlass. The Alfa GTV has a well-earned reputation as a driver’s car. “They’ve historically traded on par with contemporary 911s and then 912s,” says Brian Rabold, Hagerty’s Vice President of Valuation Services. But with the 911’s market boom over the last few years, the GTV has been overshadowed and turned into a relative bargain, as this graph illustrates. “There aren’t many choices left for a sporting European car from the late 1960s or early ‘70s for around $30,000,” Rabold says, “and shoppers have recognized them as buying opportunities.” Interest in GTVs has risen steadily in the last half-year, and with good ones still accessible to buyers, expect that trend to continue in the short term.
As for the Olds Cutlass, the rise in rating has been fueled by increased demand among buyers. Simply put, Hagerty is seeing more insurance quote requests for these comfy A-platform cruisers, and for higher valuations. Average values of the Cutlasses we are insuring has increased 20 percent in the last 12 months as owners seek to get into well-sorted and well-preserved originals.
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.
Here’s a complete look at the cars that make up the top of the Hagerty Vehicle Rating.