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Hagerty Valuation Tools provides current and historical price data on over 40,000 collectible cars, trucks, SUVs and motorcycles. With Hagerty Price Guide (HPG) values dating back to 2006 and around 400,000 comparable auctions spanning decades, the tool has become the go-to source for enthusiast market research. Key updates to the new Hagerty Valuation Tools experience include:
- Design refresh emphasizes the most important market data for buyers
- Navigation refinements – including free-text search – make it easy to find a car
- Prices updated quarterly (previously three times a year)
- Tiered experiences include:
- Free access: One year condition #3 “good” HPG values for all vehicles
- Free account access: One year of condition #1 “contest” to #4 “Fair” HPG values for all vehicles
- Hagerty Drivers Club Member Access: Full access to all current and historical HPG values as well as hundreds of thousands of historical auction results
“For more than a decade, Hagerty has been committed to helping enthusiasts be better informed when buying the cars they love,” said Brian Rabold, Vice President of Automotive Intelligence. “With this latest update to the Hagerty assessment tools, I’m excited to make this process even faster and easier.”
Hagerty Automotive Intelligence also announced its prediction of $211 million in auctions for the upcoming Arizona Auction Week. This represents a decrease of 14% compared to the 2020s $244 million total. The drop is attributed to fewer auctions hosting sales, a reduction in lots by a third and fewer forecasts $1 million vehicles offered.
Enthusiasts can follow Arizona Auction Week results in real time by downloading the Hagerty app for Apple [link] and Android [link]. Media can sign up for daily auction updates from Hagerty Automotive Intelligence by emailing [email protected].
Today’s announcement comes hot on the heels of Hagerty’s debut as a publicly traded company and exemplifies the brand’s goal of saving driving and motoring culture by providing services that reach some 69 million car enthusiasts in the United States.[1] Data from Hagerty Automotive Intelligence indicates that there are approximately 43 million insurable collector vehicles in the United States[2] Additionally, the live and online collector car auction industry has sold more than $2.2 billion in 2021[3] – not to mention the private party market which represents an estimated market opportunity greater than $20 billion one year.[4]
About Hagerty, Inc. (NYSE: HGTY)
Situated at Town of Traverse, Michigan, Hagerty’s goal is to save driving and preserve car culture for future generations and his mission is to build a global business to fund that goal. Hagerty is an automotive enthusiast brand offering integrated products and membership programs as well as a specialist insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Drivers Club, Hagerty Drivers Foundation, Hagerty DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, Amelia Concours d’Elegance, Concours d’Elegance of America, Concours of Elegance from Greenwich, California Mille, Motorworks Revival and more. For more information on Hagerty, please visit www.hagerty.com, or join us on Facebook, instagram and Twitter.
More information can be found at newsroom.hagerty.com.
[1] [2] Hagerty Automotive Intelligence, Investor Relations Capital Markets Showcase, link[3] [4] https://www.hagerty.com/media/market-trends/hagerty-insider/year-in-review-the-collector-car-market-got-larger-and-younger-in-2021/
Securities Disclaimers
This press release mentions the instruments which may be considered securities, the issuers which may make offers and other matters which may affect the securities. Hagerty is not a stockbroker, investment adviser, or financial planner, and we are not registered with the United States Securities and Exchange Commission or any state or foreign securities regulatory authority. The information we publish on our website or in press releases is provided for informational purposes only and is not intended for commercial purposes. None of the information contained in any press release, on or accessible through our website constitutes a solicitation, offer, opinion or recommendation by us or any of our subsidiaries or affiliates to buy or sell securities, or to provide legal, tax, accounting information, or investment advice or services regarding the profitability or suitability of any security or investment you make. This press release is only intended to provide information of a broad scope and likely to be of interest to our users. This release may be based on information collected from third parties that we do not independently confirm, and it does not include all information relevant to a particular decision that you can, cannot or might make. You should obtain additional information and advice from your financial, tax or other advisers who are fully familiar with your personal circumstances before making any decision regarding the securities.
Category: Automotive Intelligence Hagerty
SOURCEHagerty