HAGI® Classic Car Indices gained mostly during the month of October. The HAGI Top 50 Index rose 8.52 points (3.23%) compared to September, reaching a new all time high of 272.05. The HAGI Top is now showing a performance of 15.74% for the year as well as 31.65% for the past twelve months.
Strongest contribution for the month came from marques such as Porsche (HAGI ‘P’ up 8.95%) and Ferrari (HAGI ‘F’ 6.22%). The HAGI MBCI (classic Mercedes-Benz), which is based on a much broader mix of models, also gained 3.61 points (2.41%) and is up 9.19% over twelve months.
With Porsche and Ferrari removed a different picture emerges. The HAGI Top ex P&F Index (17 marques) lost 1.91% for the month, weakest for the year (7.89%) and lowest performance since the end of 2008.
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 |
 |
October 2014 |
272.05 |
3.23 |
15.74 |
 |
October 2014 |
284.73 |
8.95 |
35.26 |
 |
October 2014 |
288.68 |
6.22 |
16.54 |
 |
October 2014 |
254.59 |
– 1.91 |
7.89 |
 |
October 2014 |
153.35 |
2.41 |
8.16 |
| *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 now.
Finally, a link to a recent article in the FInancial Times which you may find interesting.
Kind regards,
Dietrich Hatlapa and Hardy Sohanpal
