Hagerty Market Rating - July 2016
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
68.77 as of July 2016*
Drivers of this month's change
<p><ul><li><strong>For the first time in four months, the Hagerty Market Rating saw a sizable increase. At 69.07, July'srating is up 0.17 points from last month.</strong></li><li><strong>Auction activity saw the biggest positive movement of any section this month</strong> and is at its highest since December 2015. The number of cars sold is up 2 percent over last month and the average sale price is up 1.8 percent.</li><li>After its third consecutive drop last month, <strong>private sales activity increased, largely driven by an increase in the number of cars selling for above their insured values.</strong></li><li>Despite these increases, <strong>requests for insured value increases for broad market vehicles fell for the tenth consecutive month</strong> and are at a 26-month low.</li><li>Insured value increases for high-end vehicles also decreased.</strong> This is their third consecutive drop and they are at a 17-month low.</li><li><strong>Correlated instruments saw the most negative movement of any section this month</strong>, as the price of gold spiked to its highest level since February 2014 during the aftermath of Brexit.</li><li>June's reported rating was revised to 68.90 from 69.01 due to newly released inflation numbers.</li></ul></p>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.