According to RM Wealth Management’s News-Round-up, the monthly price index for vintage automobiles, the Hagerty Market Index, dropped 1.3 percent in September, down 5.0 percent for the 12-month period, and now in a bear market, down 20.5 percent from the all-time high in August 2015.
The Hagerty Market Index tracks prices of classic cars that sold at auctions and private sales. “Whether it’s threat of recession, broad economic volatility or too many cars crammed into too few hours, there’s no denying this year’s Monterey Auction Week results were depressed when you compare the results to recent years”.
ORIGINAL SOURCE: RM Wealth Management’s News-Round-up http://www.rmwm.jimdo.com/
PHOTO: Aston Martin DB7 Vantage Volante ‘LA Auto Show’ which sold for $39,200 at Monterey Auction, August 15-17, 2019 Patrick Ernzen, Courtesy of RM Sotheby’s
