The collector car market showed further signs of strain this month as inflation continued to impact buying activity and vehicle values across much of the hobby, according to the latest market data.
The Hagerty Market Rating declined for a third consecutive month, falling 0.23 points to 58.67. The rating has now remained below 60 for a full year, marking its longest stretch at that level in approximately 15 years. The latest decline comes as inflation accelerated, with a monthly rate of 0.64%, the highest reading in more than three years outside of the previous month’s 0.9% increase.
While the Market Rating weakened, the Hagerty Market Index moved in the opposite direction, posting its third straight monthly increase. The difference highlights how the index has been more resistant to inflationary pressures than the broader collection of metrics used in the Market Rating.
Most indicators showed little improvement during the month. Auction activity remained under pressure despite several high-profile sales at the upper end of the market. The Auction Median Sale Price slipped 0.2% to $26,513, matching its lowest level in six years. After adjusting for inflation, that figure represents an all-time low.
Conditions in the private market also softened. Private Sales Activity fell to 61.73, its weakest reading in more than four years. Average sale prices dropped for a fourth consecutive month, reaching $25,421. The decline pushed values to their lowest level in more than a year, even before accounting for inflation.
Additional signs of weakening demand emerged in the relationship between selling prices and insured values. Only about 35% of collector vehicles are currently selling above their insured values. During the market’s peak in the summer of 2022, more than half of vehicles exceeded those benchmarks. The narrowing gap suggests buyers and sellers are increasingly struggling to agree on pricing.
The strongest performance continues to come from the highest tier of the market. While insured values for vehicles worth less than $250,000 declined, high-end insured values increased and reached their strongest level since September 2024. The trend indicates continued confidence among owners of premium collector vehicles.
Recent Price Guide data reflected a similar divide. The Blue Chip Index, which tracks 25 high-end mid-century collectibles, remained largely stable and close to recent highs. In contrast, broader market measures continued to weaken. The overall market metric fell to its lowest level since the winter of 2012, while median and average values for condition-three vehicles also declined.
The latest figures reinforce the growing separation within the collector car market. High-end vehicles, particularly rare modern Ferraris, continue to hold value or appreciate, while much of the broader market is gradually losing ground when adjusted for inflation. As the summer driving season progresses, attention will increasingly turn toward the Monterey auctions, where demand for top-tier vehicles is expected to face its next major test.
https://www.hagerty.com/media/market-trends/hagerty-insider/inflation-hit-the-collector-car-market-this-month/
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https://www.motorious.com/collector-car-market-strong/
https://www.motorious.com/hagerty-reveals-2025-bull-market-list-11-collector-cars-on-the-rise/