Ferrari F355. Photo: Alexandre Prévot from Nancy, France.
Hagerty’s new collector vehicle rating system, known as the Hagerty Vehicle Rating, measures a specific vehicle’s performance relative to the rest of the overall market.
This is the latest addition to the suite of Hagerty Valuation Tools designed to empower people who love cars with market knowledge.
The assigned score (on a scale of 0-100) indicates if a particular model is outperforming, underperforming, or consistent with the overall classic car market. It is entirely data driven from public and proprietary sources and serves as a quick indication of a vehicle’s “heat” (or lack thereof) compared to the market at large.
A rating of 50 indicates a model is keeping pace with the rest of the market.
Ratings above 50 are assigned to vehicles growing faster than the market at large, with higher numbers corresponding to vehicles with stronger market performance.
Conversely, ratings below 50 are assigned to vehicles growing more slowly than the market at large.
“Knowledge is power when it comes to researching your dream vehicle,” said McKeel Hagerty, CEO of Hagerty. “No one wants to be made a fool when they decide to make a purchase. We built this resource so enthusiasts can track specific vehicles based on pure market data from the largest database of collector vehicle transactions.”
The Hagerty Vehicle Rating is calculated from a variety of sources including change in average values in the Hagerty Price Guide, private sales, auction sales, insured vehicle data and vehicle quoting data.
The ratings will be updated bi-monthly with a published list of the top 25 as well as the bottom 25 cars in the market.
For July 2016 ratings, the top car with a score of 98 was 1994-1999 Ferrari F355 and on the other end of the scale relative to the overall market was the 1957-1967 Austin-Healey 3000 with a score of 7.
To see ratings and learn more about the Hagerty Vehicle Rating, visit https://www.hagerty.com/ValuationTools/Hagerty-Vehicle-Rating.