News from HAGI: March 2015

Most HAGI indices were down last month with the HAGI Top 50 Index falling 4.5 points (-1.63%) MOM to reach an index price of 271.38. The decline adjusts the Top Index back to values last seen in October/November 2014.

The exception was the HAGI MBCI (classic Mercedes-Benz), which gained 1.54 points, up 0.97% compared to February reaching an index price of 159.36.

All other market segments declined during March with the HAGI F (classic Ferrari) down 1.7%, the HAGI P (classic Porsche) down 3.33% and HAGI Top ex (other marques) -0.77%.

Over the first quarter of 2015 most HAGI indices corrected as well. The HAGI Top 50 lost 0.33%, exception being the HAGI F which was up 0.98% and the HAGI P which was unchanged (-0.02%) for the year to the end of March.

Currency movements played a major role during Q1 2015 with US$ and Pound Sterling based buyers benefiting. Additional fundamentals can be accessed by contacting HAGI.

Index	Period	Price*	% change/month	% year to date
	March 2015	271.38	– 1.63	– 0.33
	March 2015	277.94	– 3.33	– 0.02
	March 2015	293.99	– 1.70	0.98
	March 2015	251.09	– 0.77	– 1.79
	March 2015	159.36	0.97	– 0.90
*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” is available here.

Kind regards,
Dietrich Hatlapa and Hardy Sohanpal