The HAGI Top Index saw slight gains for the month of December and an overall increase of 9.02% for the year – which was lower than the annual average of 13.5%.
As the HAGI Index is assessed in GBP terms, uncertainty and shifts in the currency markets resulted in major impacts on the classic car market. For the HAGI Top Index, if calculated in USD, growth for the year would be closer to 0%.
Porsche (HAGI P Index) and Mercedes-Benz (HAGI MBCI) were the top perfermors in 2016 with both indexes seeing increaes of 9.30% and 7.47% respectively. Classic Ferrari’s (HAGI F) followed cloesly with a 2.95% increase in December to bring the YTD value up 6.37%.
As quoted by HAGI – “The market in 2016 was dominated by knowledgeable collectors, rather than financially motivated investors.”
That along with a warning that a potential rise in global interest rates may further slow the classic car market, 2017 should be an intersting year to say the least.
| Index |
Period |
Price* |
% change/month |
% year to date |
 |
December 2016 |
346.01 |
0.89 |
9.02 |
 |
December 2016 |
364.04 |
-2.70 |
9.30 |
 |
December 2016 |
343.59 |
2.95 |
6.37 |
 |
December 2016 |
344.09 |
0.70 |
11.37 |
 |
December 2016 |
185.91 |
-0.96 |
7.47 |
| *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)
For more information on the Classic Car Markets and Investing in Classic Cars, you can purchase HAGI’s classic car market reference book “Better Than Gold, Investing in Historic Cars”.
You can also check out the “Porsche Carrera 4-cam engine book”
Learn more about the Classic Car Market at www.historicautogroup.com with a valid HAGI LOGIN.
