The Hagerty Market Rating, the collector-car industry’s broadest confidence gauge, slipped to 58.59 in June 2026 — its lowest reading of the entire second quarter — even as the values of the most expensive investment-grade cars kept climbing, according to reporting on Hagerty’s own monthly market data. That split is the part nobody saw coming.

The Number Everyone Expected to Keep Falling

The broad Market Rating, which Hagerty scores on a 0-to-100 scale using a blend of auction results, private sales, and insured-value data, dropped just 0.08 points in June from May, continuing what Hagerty’s own analysis called “a longer period of weakening following the buying frenzy and rapidly rising prices that characterized the collector market earlier this decade.” That weakness had already been building for months — a January 2026 report found the rating at 58.28, its lowest point in nearly 15 years, down in 37 of the previous 43 months since the market’s summer 2022 peak.

The Twist: Blue-Chip Cars Are Doing the Opposite

Here’s the part that broke from the script. While the overall Market Rating kept sagging, Hagerty’s separate Market Index — which tracks the values of the most sought-after, highest-dollar collector vehicles rather than the broad market — actually gained 0.33 points to reach 172.5 in the same June report. In other words, the cars enthusiasts are most likely to actually own were softening in value at the same time the six- and seven-figure end of the hobby kept setting records. Hagerty’s own analysis described the result as “an increasingly divided market, with expensive, investment-grade automobiles performing much better than the collector cars most enthusiasts are likely to own.”

That’s a genuinely unusual shape for a downturn to take. Most cooling markets drag everything down together; this one is bifurcating, rewarding six-figure Ferraris and blue-chip American muscle while leaving the $20,000-to-$40,000 range that makes up most of the actual hobby to keep drifting lower.

Key Points

• Hagerty’s broad Market Rating fell to 58.59 in June 2026, the lowest reading of Q2 2026.
• The rating hit a nearly 15-year low of 58.28 in January 2026, down in 37 of the prior 43 months.
• Hagerty’s separate Market Index, tracking blue-chip investment-grade cars, rose 0.33 points to 172.5 in the same June report.
• The divergence points to a market where high-end cars are appreciating while mainstream collector cars keep softening.

The pattern in Hagerty’s own numbers undercuts the simple “the market is crashing” or “the market is booming” narratives that tend to circulate after any single report — what’s actually happening is a market splitting in two, and which half an owner is standing in depends entirely on what’s parked in the garage.