One of the interesting data points I like to watch in the collector car market is the Hagerty Market Rating. The rating uses a weighted algorithm to calculate the strength of the collector car market in North America.
This month saw the market rating lose an entire point to 61.94. This marks the lowest reading since May of 2012.
The gauge factors in a survey from high-end vehicle owners by asking them whether they think values are increasing. Hagerty reports that for over a year now, this portion of the survey has been trending down. They also add the numbers are now at their lowest point since they were included in the survey over ten years ago.
The Rating is designed to measure the current status of the market in terms of activity and directional momentum. It accomplishes this with the world’s largest database of private sale transactions. Visit Hagerty to read more about how the Market Rating works.