Independent investment researchers HAGI are publishing monthly data to measure and track values of the rare and collectable car market. This is currently reflected in one overall and four specialized (marque) indices, each using a rigorous financial methodology usually associated with more traditional investments.
HAGI MID YEAR 2018 results
In June the HAGI Top Index lost 0.14% or 0.49 points. This implies that prices for rare classic cars hardly changed in June. All other HAGI indices traded within a narrow range of under 2% compared with May and indeed for the first half of 2018.
After its strong monthly gain of 10.94% in May the HAGI Mercedes-Benz Classic Index (MBCI) lost 1.77% in June. Only indices that slightly increased were HAGI P (Classic Porsche) with 1.32% and HAGI Top (ex P&F) with 0.68% Year to date the first half year of 2018 ended most favourable for HAGI F (Classic Ferrari) with an increase of 1.37%
Comparing this with other asset classes these numbers are quite similar. Looking at other tangible assets we noticed that the fine wine market gained just under 1.3% during the first half of 2018 in GBP terms (source: Liv-Ex).Global equities were down less than 2% in USD terms and up less than 1% in GBP (source: MSCI World Indices).
