Hagerty adds specific vehicle ratings to the toolbox

Hagerty adds specific vehicle ratings to the toolbox

The new ratings, to be updated on a bimonthly basis, will rate each vehicle on a 100-point scale.

1998 Ferrari F355 Spider tops the initial ratings with a score of 98 | Hagerty/RM Sotheby's photo

1998 Ferrari F355 Spider tops the initial ratings with a score of 98 | Hagerty/RM Sotheby’s photo

Proclaiming that, “Knowledge is power when it comes to researching your dream vehicle. No one wants to be made a fool when they decide to make a purchase,” McKeel Hagerty, chief executive of the family-owned collector car insurance and valuation-tracking company, unveiled a new tool Wednesday — the Hagerty Vehicle Rating.

The new ratings, to be updated on a bimonthly basis, will rate each vehicle on a 100-point scale. A score of 50 indicates a model is keeping pace with the rest of the market. Higher ratings indicate a car’s value is moving ahead of the market curve while lower ratings indicate the car’s value is trailing the overall marketplace.Hagerty Logo

“We built this resource so enthusiasts can track specific vehicles based on pure market data from the largest database of collector vehicle transactions,” Hagerty said in his company’s news release, which reported that the new proprietary ratings are based on such things as the change in average values in the Hagerty Price Guide, private sales, auction sales, insured vehicle data and vehicle quoting data.

In its initial listing, the company noted that, “modern classics remain the strongest segment through July.”

The ratings list the following as the vehicles most outperforming the market at the moment:

98 — 1994-1999 Ferrari F355
96 — 1982-1991 Porsche 944 and 1999-2005 Ferrari 360
94 — 1991-1996 Acura NSX and 1986-1992 BMW M3
93 — 1986-1989 Mercedes-Benz 560SL and 1992-1995 Porsche 968
92 — 1990-1996 Nissan 300ZX and 1973-1987 Chevrolet C/K pickup
91 — 1984-1984-1989 Nissan 300ZX
90 — 1982-1986 Toyota Supra and 1948-1990 Citroen 2CV

The lowest initial score was a 7 for the 1957-1967 Austin-Healey 3000.

On Hagerty’s website, Brian Rabold reported that seven “hottest” cars are 25 years old or newer and that half of the cars rated at 85 or higher “can be bought for less than the price of a new Kia Rio, about $14,000.”

“This illustrates that the market’s entry level is vibrant,” Rabold reported. “This is great news for non-discriminating buyers who are looking for something that is both fun and affordable, as most of these models can be found in sound condition in virtually every part of America.”

Among those vehicles scoring an initial rating of 85 or better are the 1972-1980 International Scout II, 1976-1986 Jeep CJ-7 and 1966-1977 Ford Bronco.

“Along with more modern vehicles, older SUVs and pickups continue seeing appreciation and strong interest,” Rabold wrote . “The current popularity of favorites like the first generation Ford Bronco and the International Scout II may not be surprising, but demand for the Jeep CJ-7 and third-generation Chevrolet C/K pickups is even stronger. Again, this is good news for opportunists, as Jeeps and C/Ks are ubiquitous enough to be easily sourced, but have been overlooked by many enthusiasts.”

1964 Austin Healey 3000 Mk III | Hagerty photo

1964 Austin Healey 3000 Mk III | Hagerty photo

Meanwhile, at the other end of the spectrum, while the 1959-67 Austin-Healey 3000 is the only vehicle with a rating in single figures, others with slumping values are:

11 — 1948-1954 Jaguar XK120
13 — 1962-1969 Austin-Healey Sprite
15 — 1950-1953 MG TD
16 — 1955-1963 Mercedes-Benz 190SL, 1955-1957 Ford Fairlane and 1967-1969 Chevrolet Camaro
17 — 1952-1956 Mercury Monterey
18 — 1971-1976 Buick LeSabre
19 — 1973-1976 Chevrolet Caprice Classic

On the Hagerty website, Stefan Lombard notes that many of the cars with low figures “will always be incredibly fun, agile roadsters, but perhaps they signal a shift in proclivities as newer, more accessible, more reliable sports cars become available.”

1967 Chevrolet Impala convertible | ClassicCars.com photo

1967 Chevrolet Impala convertible | ClassicCars.com photo

So what cars are best keeping right on pace today with current collector car market? That would be those rated right at 50. They are:

1965-1970 Chevrolet Impala
1970-1981 Chevrolet Camaro
1979-1985 Cadillac Eldorado
1960-1966 Chevrolet C/K Series
1968-1972 Chevrolet El Camino

“Sixty percent of all cars and trucks listed in the Hagerty Price Guide have a Hagerty Vehicle Rating between 40-60 points,” Jeff Peek writes on the Hagerty webiste. “One of the reasons these beloved models (such as Bel Air, Mustang, Camaro, etc.) are considered market-making, middle-of-the-road cars is precisely because they are highly popular and plentiful. To a large degree they define the market.”

“A first-gen Mustang or 1950s Bel Air are what a lot of people picture in their mind when they think of classic cars, so it makes sense that they define the middle of the collector car market,” Peek quotes Hagerty information analyst Jesse Pilarski.

“The higher the production number, the harder it is to move the market for a particular vehicle because buyers have more options,” Pilarski added.

“To that end,” Peek notes, “none of the 10 cars (rated between 45 and 54) has seen a move of more than one percent in value (average No. 3 condition) in the past eight months.”

Reports and lists of the top, bottom and middle of the ratings are available at the Hagerty website.

Posts Carousel

Search the Journal

Latest Articles

Trending Articles