Chart of the week: the classic car boom is over

The market for classic cars in the US seems to be softening. It grew strongly in the years following the financial crisis, but peaked in September 2015.

846-COTW

The market for classic cars in the US seems to be softening, according to data from Hagerty, a specialist insurance firm. The chart above shows Hagerty's index of the volumes and values of collector cars traded, adjusted for inflation. The market grew strongly in the years following the financial crisis, as the price of classic cars increased along with other assets. However, the market appears to have peaked in September 2015. Prices for high-end cars seem to be weakening more significantly, while demand for more affordable cars is holding up better, according to Hagerty.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.