HAGI® Classic Car Indices declined during April, with the HAGI TOP benchmark for rare classic cars falling 3.16 points (-1.29%) compared to March. Performance stands at 2.71% year-to-date, which is significantly lower than last year’s double digit gain to the end of April.
The only index to advance month-on-month was the HAGI MBCI (classic Mercedes-Benz), which gained 2.95 points (2.01%) to 149.55, up 5.49% this year and reaching a new all time high.
The HAGI P Index (classic Porsche) corrected by 4.7% in April but is still up 6.3% YTD. The HAGI F Index lost a further 0.87% and is now in negative territory for the year (-0.56%). Other marques lost 0.35% for the month but showed a gain of 4.45% YTD.
Market participants also reported declining transaction volumes compared to the first three months of 2014. The table listed below highlights key market movements for all published indices. Additional fundamentals can be accessed by contacting HAGI.
| Index |
Period |
Price* |
% change/month |
% year to date |
 |
April 2014 |
241.41 |
– 1.29 |
2.71 |
 |
April 2014 |
223.84 |
– 4.70 |
6.33 |
 |
April 2014 |
246.31 |
– 0.87 |
– 0.56 |
 |
April 2014 |
246.49 |
– 0.35 |
4.45 |
 |
April 2014 |
149.55 |
2.01 |
5.49 |
| *HAGI Inception values £100 on 31.12.2008, **HAGI MBCI £100 on 31.12.2011 | ||||
The HAGI Top Index is our overall market measure for exceptional historic automobiles.
The HAGI P Index is measuring the rare Porsche automobile market.
The HAGI F Index is measuring the rare Ferrari automobile market.
The HAGI Top ex P&F Index represents the HAGI Top Index without Porsche and Ferrari.
The HAGI MBCI measures the market for classic Mercedes-Benz automobiles (from 2012).
An updated edition of our book “Better Than Gold, Investing in Historic Cars” has been published and is available now. Please follow the link below. A limited number of copies are available on the open market.
HAGI is pleased to announce the conference “Value in the Classic Car Market” in association with the Tuck Center for Private Equity and Entrepreneurship, Dartmouth College. The conference will be held in Hanover, NH, USA on October 6/7th 2014. Please contact us for Information.
Kind regards,
Dietrich Hatlapa and Hardy Sohanpal
