News from HAGI: July 2015

The classic car market as measured by the HAGI Top 50 Benchmark Index declined marginally in July losing 2.31 points, -0.77% compared with June. Since the beginning of 2015 the market has advanced by 9.0%.

The HAGI F Index (classic Ferrari) and the HAGI P Index (classic Porsche) managed gains during the month. However our other marques index (HAGI Top ex) as well as classic Mercedes-Benz (HAGI MBCI) fell back in July. For performance details please view the table below.

Traders indicated that classic car owners were comfortable with their holdings and less prepared to sell. Meanwhile some buyers were holding out showing resistance to price, particularly in GBP. Around half a billion USD worth of stock is being offered for sale in Monterey, California this week. It remains to be seen whether the market can absorb the supply.

For comparison the global HFRX Hedge Fund Index posted a narrow deficit (-0.03%) during July with Chinese stocks falling significantly and European markets rising.

Further information can be accessed by contacting HAGI.

Index	Period	Price*	% change/month	% year to date
	July 2015	296.77	– 0.77	9.00
	July 2015	301.64	0.53	8.50
	July 2015	322.12	1.95	10.64
	July 2015	274.97	– 4.01	7.55
	July 2015	165.83	– 2.31	3.12
*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)

To view the latest conference information please click the button above.

The updated edition of our book “Better Than Gold, Investing in Historic Cars” is available here.

Kind regards,
Dietrich Hatlapa and Hardy Sohanpal