Hagerty, a Traverse City-based provider of insurance for classic cars, has launched the first ever collector vehicle rating system that measures a specific vehicle’s performance relative to the rest of the overall market.
The Hagerty Vehicle Rating System assigns scores on a scale of zero to 100 to indicate if a particular model is outperforming, underperforming, or consistent with the overall classic car markets. A rating above 50 shows a vehicle is growing faster than the market at large, while those below 50 are growing more slowly.
“Knowledge is power when it comes to researching your dream vehicle,” says 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.”
As the latest addition to the suite of Hagerty Valuation Tools, the Vehicle Rating System 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 bimonthly with a published list of the top 25 and the bottom 25 cars in the market.
For July’s rating report, the top car is the 1994-1999 Ferrari F355s (98 score) and on the other end of the scale relative to the overall market is the 1957-1967 Austin-Healey 3000 with a score of seven.