Hagi classic car index up 9.3% in August

paulfrasercollectibles

2015-06-26 13:24:53

.

Hagi classic car index up 9.3% in August

The classic car index makes exciting reading, yet Hagi urges caution

The Historic Auto Group's Hagi Top Index,which tracks the value of the classic car market,enjoyed a 9.3% increase in August, boosted by strong performances at the Pebble Beach sales.

The sector is up an impressive 38.9% since January, indicating that increasing numbers of investors are looking to "park" money in collectible automobiles.

1957 Ferrari 250 GT BerlinettaStrong sales at Pebble Beach, including this $9.4m Ferrari, helped the index to a stunning August

Ferrari sales have been a big contributor behind the rise. The marquee is up 54.5% in 2013, growing by 15.1% in August alone.

"As a cautious note, we do not think that the growth rates we are seeing this year are sustainable long-term," warns Hagi.

Yet even if a correction is on the way, the general direction of the sector appears healthy - the Hagi Top has more than doubled in value since its inception in 2008.

For more of the latest car collecting news, sign up to our free weekly newsletter.

Share on social media
Write a response...





The bookmarklet lets you save things you find to your collections.

Note: Make sure your bookmarks are visible.

COLLECT IT!

Click and drag the Collect It button to your browser's Bookmark Bar.