The Hagerty Market Rating uses an algorithm that is weighted to calculate the strength or weakness in the collector car market in North America. The index fell in June after auction activity saw its biggest drop in nearly two years in May. If you’re interested in collector autos, I will encourage you to visit the Hagerty website and check out the details of how they calculate and track the index.
From the Haggerty website –
After a small but noticeable drop for May, the Hagerty Market Rating fell again to 63.81.https://www.hagerty.com/apps/valuationtools/market-trends/market-rating/June-2019
Auction activity saw its biggest drop in nearly two years for May. It is down again for June, but the decrease was much smaller than last month as the median sale price at auction dropped slightly while the number of cars sold remained unchanged. Activity on the private market dropped as well, but the decrease was also smallcompared to others seen over the past year.
The number of both mainstream and high-end vehicle owners who think that values are growing continues a series of small decreases. For mainstream owners, the number has been dropping for nearly a year straight. For high-end owners, the number has been dropping for six months.
External market forces have caused the Hagerty Market Rating’s correlated instruments section to fluctuate more than normal. This is largely due to volatility in the stock market. The correlated instruments rating was down for June, but the decrease was small and this section is not weighted heavily in the overall rating.