The Collector Car Market Has Stalled: What You Need to Know

The Hagerty Market Rating assesses the present state of the collector car market regarding its level of activity or "heat," direction of movement, and overall robustness. This rating is presented as a sealed figure between 0 and 100. corresponding open-ended index such as the DJIA or the NASDAQ Composite). For additional information on our method for calculating the Hagerty Market Rating, please refer to this link. read here .

Last month The Hagerty Market Rating fell back to pre-pandemic levels but remained above 60, suggesting a stagnant collector car market. Following a decline of 0.54 points this month, the rating dropped into the 50s for the first time since late 2020 and just the second occasion within the past 13-and-a-half years. The Rating had consistently stayed between 60 and 70 with an upward trend in the market from 2012 onwards. However, before 2012, ratings frequently hovered around the 50s and sometimes even reached as low as the 40s.

The Hagerty Market Index, which functions like an open-ended stock market index based on the Market Rating, dropped by 0.60 points this month. Since reaching its peak in late 2022 after 28 months, the Index has seen increases just two times. Despite now sitting at its lowest level in more than three years, it remains quite elevated when considering its historical data spanning 18 years, as shown in the accompanying graph.

When discussing the stock market, several uncertainties over recent weeks have led to fluctuations in the markets. Our overall macroeconomic index fell by 1.32 points this month to reach its lowest level since early 2021. This represents the biggest monthly decline since the beginning of the 2020 pandemic. Adding to this significance, the decrease happened during a period when inflation unexpectedly decreased.

Regardless of multiple seven-figure sales Florida auctions Last month, the Auction Median Sale Price fell further into our records, decreasing by an additional 0.88 points. Despite a 0.05% decline in inflation, it was unable to keep up with the $200 decrease in this measure. Its present real value stands at $27,300, marking the lowest Median Sale Price in almost half a decade. Adjusted for inflation, this represents the lowest level ever recorded.

In the private market, prices have likewise shown weakness, with the Average Sale Price dropping marginally to $24,289. Currently, just 38.87% of automobiles sell for more than their insured valuation, even as these valuations rise but do so at a significantly slower rate compared to previous years. For regular, widely available vehicles, the ratio between increasing and decreasing insured values stands at its smallest level in over three years. Similarly, for high-end models priced above $250,000, this ratio reaches its second-lowest mark within five years.

Despite this, luxury automobiles with higher prices performed well in the latest edition of the Hagerty Price Guide, updated on April 1st. Among the seven distinct criteria associated with the price guide, the Blue Chip Index—which averages the #2 ("excellent") condition valuation of 25 supercars priced at over $7 million each—saw a slight uptick of just 0.10 percentage points. Conversely, our Hagerty Hundred—a metric tracking insurance coverage trends across the top 100 vehicle models—declined further by 0.88 points to reach its historical low point yet. The typical and midpoint #3 ("good") conditions' valuations also hit their lowest marks since late 2024; however, they may have been somewhat stabilized due to reduced inflation rates during this period.

With the auction season easing off slightly and the driving season starting up, it’s probable that the Hagerty Market Rating will keep declining. Should this rating stay within the 50s for another month, it would mark the first instance of two successive months under 60 since mid-2011.

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