Hagerty Market Rating Sees Minor Increase Amidst Market Fluctuations

The Hagerty Market Rating, which evaluates the activity and direction of the collector car market, has increased by 0.17 points, marking its third rise over the past year. Currently standing at 58.45, the Rating is still lower than its peak levels seen earlier in the 2020s and ranks as the third lowest in the past 15 years. Notably, it has remained relatively stable, fluctuating between 58 and 60 for nine months. Analysts point out that while high-tier collector cars show resilience, other market segments exhibit varied trends.

Concurrently, the Hagerty Market Index, modeled after stock indices, has seen its second consecutive monthly decline, reaching 171.36. This is its lowest point in over four years and reflects a 16.8% drop since December 2022. While Florida and Arizona auctions secured eight-figure sales, the expected significant market uplift was not evident in auction metrics. January sales increased from $446 million in 2025 to $678 million in 2026. However, the rise was driven by high-value transactions, despite around 500 fewer cars being available and a 3% reduction in the sell-through rate resulting in fewer cars sold overall.

Industry experts reported increased optimism following January auctions, though conditions remain within a "flat market." Auction analyst Rick Carey noted, "We’re well into a two-tier market," highlighting how mainstream collector cars are being overshadowed by high demand for late-model supercars. This trend became apparent in Monterey six months ago and was reaffirmed at recent auctions in Kissimmee, Scottsdale, and Paris, where new factory warranty-covered vehicles achieved unprecedented prices.

Macro-economic indicators suggest the lowest levels since September 2020, sparking speculation about affluent buyers turning to tangible assets amid economic uncertainties. Regarding insured vehicle values, cars valued below $250,000 have predominantly shown more value decreases than increases over the past 18 months. In contrast, high-value vehicles have experienced significant appreciation, with values rising seven times over the past year.

There is growing anticipation for the upcoming Amelia Island and Miami auctions, which are expected to shed light on whether the fervor for modern hypercars will continue, especially compared to the tepid interest in other collector cars. Detailed auction summaries are forthcoming. While high-end vehicles are setting records, the broader market appears to be stable at best, or declining, at present.