More sectors of the collector car market declined than gained value over the past three months, according to Hagerty’s stock-market-style indexes. However, the shifts in either direction were modest, reinforcing the market’s relative stability. These 11 indexes are updated quarterly and track movement across key segments of the collector car market.
Of the 11 indexes, twice as many decreased in value as increased (6 versus 3), while two were unchanged. The strongest change was for Ferraris built through 1972 (think cars like the 250 GT SWB, the 275 GTB/4, and the 365 GTB/4 Daytona coupe), which increased by 3% from April to July. That uptick regained recent losses to leave the segment 2% down year-over-year.
Two other categories that earned small Q2 gains were Hagerty’s Supercars Index (comprised of cars like the Ferrari F40 and Porsche Carrera GT) and the index of RADwood-era collectible vehicles from the 1980s and 1990s (e.g., BMW E30 M3 and Porsche 944). Both rose just 1%, showing that even “hot” parts of the market aren’t burning with a blue flame.
On the downside, Hagerty’s index of 1950s American cars fell farthest with a 3% drop, and the German Classic Car Index lost 2%, mainly due to flagging demand for 1970s BMWs. Four other indexes shed value (Blue Chip cars, British cars, Affordable Classics, and vintage Trucks and SUVs), but only by 1%. The Muscle Car Index and Japanese Car Index were both static for the quarter.
These recent changes mirror longer-term trends. Since July 2024, only four indexes have gained ground, while seven have lost value. Changes over that time have been minimal, though, especially when compared to the double-digit annual changes that were common in 2022 and 2023.
The past year’s most significant uptick is the Supercar segment’s 3% gain, which is evidence that modern performance cars have become a focal point for more buyers. Conversely, British Cars (-6%), Muscle Cars (-4%), and Affordable Classics (-4%) recorded the biggest declines of the past year.
Three years removed from its pandemic-era peak, the collector car market continues to settle into a rhythm. While some segments are drifting downward, the moves are small, signaling a stable market. That means fewer surprises, which most end-users will take as welcome news.
The Hagerty Price Guide Indexes—first published in 2009—are a series of stock market-style indexes that average the Hagerty Price Guide condition #2 (“excellent”) values of representative vehicles, or “component” cars, from a particular segment. These indexes are updated quarterly and provide an overview of how these segments of the collector car market are performing overall, as well as relative to each other.
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Main Image: 1971 Ferrari Daytona 365GTB4 – Photo credit: Sandon Voelker
