The indices for February were published last week with the HAGI Top 50 Index gaining 8.67 points (3.25%) month-on-month to reach an index price of 275.88, a new all time high.
Strong positive influence came from the HAGI F-Index (classic Ferrari), up 22.94 points (8.31%), closing at an index price of 299.06 GBP, advancing nearly 200% since inception at 100 at the end of 2008.
Marques other than Porsche and Ferrari performed more moderately, with the HAGI MBCI (classic Mercedes-Benz) advancing 0.24% and the HAGI TOP ex P&F up 0.34%.
The HAGI P Index (classic Porsche) lost during the month and traded down 3.16 points, -1.09%.
US Dollar investors have been active in the European market with a focus on high quality assets. However, a degree of uncertainty continues on whether prices will perform at the same trajectory as the last 18- months. Currency movements have had a negative impact on European buyers in the US market.
The table listed below further highlights key market movements for all published indices. Additional fundamentals can be accessed by contacting HAGI.
| Index |
Period |
Price* |
% change/month |
% year to date |
 |
February 2015 |
275.88 |
3.25 |
1.32 |
 |
February 2015 |
287.53 |
– 1.09 |
3.43 |
 |
February 2015 |
299.06 |
8.31 |
2.72 |
 |
February 2015 |
253.04 |
0.34 |
– 1.03 |
 |
February 2015 |
157.83 |
0.24 |
– 1.85 |
| *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).
Save the date for our Conference at Tuck School of Business, Dartmouth College, 8-9. October 2015.
An updated edition of our book “Better Than Gold, Investing in Historic Cars” is available here.
Kind regards,
Dietrich Hatlapa and Hardy Sohanpal
