Hagerty Market Rating – January 2016

23 Jan, 2016 Automotive News Permalink

The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it’s calculated.

Values -50%Values -25%Flat MarketExpanding MarketSuperheated70.63As of January 2016, down from 71.00 in December 2015

Drivers of this month’s decrease*

  • The Hagerty Market Rating is down for the second month in a row, and has been down for seven of the last eight months. The 0.37 drop from December is the second largest month over month drop in the last year.
  • After remaining flat last month, Expert Sentiment is up slightly. In particular, optimism was expressed for the lower and middle levels of the market.
  • The Hagerty Price Guide section of the Hagerty Market Rating also saw a small increase, slightly outpacing projections.
  • Auction activity experienced the biggest drop of any section, as the number of cars sold is at the lowest point of the last 20 months.
  • Private sales activity also decreased, and has done so for the fourth straight month. The average private sales price is also the lowest it’s been in the past year.
  • Increases in high-end insured values fell for the fifth month in a row, while increases in broad market insured values saw the biggest month-over-month drop in three years.
  • December’s reported rating was revised to 71.00 from 70.84 due to newly released inflation numbers.

*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.

Hagerty Market Rating – Historic View:

The Hagerty Market Rating measures the current status of the collector car market in terms of activity or “heat”; directional momentum; and the underlying strength of the market.

Market Rating Value Date
Current rating: 70.63 Jan 2016
All-time high: 72.32 May 2015
Five-year high: 72.32 May 2015
Five-year low: 55.31 Feb 2011
1-month change: -0.37 Dec 2015
12-month change: +0.05 Jan 2015
36-month change: +4.50 Jan 2013
60-month change: +16.80 Jan 2011

Hagerty Market Index – Historic View:

The Hagerty Market Index is an inflation adjusted open ended index (similar to the DJIA or NASDAQ Composite) based on change in dollars and volume of the market.

Market Rating Value Date
Current rating: 183.75 Jan 2016
All-time high: 71.42 Sep 2015
Five-year high: 71.42 Sep 2015
Five-year low: 55.31 Feb 2011
1-month change: -1.40 Dec 2015
12-month change: +7.83 Jan 2015
36-month change: +48.02 Jan 2013
60-month change: +71.25 Jan 2011