News from HAGI: September 2013 numbers and comment.
HAGI® Classic Car Indices corrected during September (with the exception of the HAGI P). The HAGI Top Index lost 11.87 points (5.34%) compared to last month to reach a price of 210.57. The HAGI P Index (classic Porsche) advanced 5.16% (9.88 points) month-on-month following a correction of 7% during August. It recovered the 200 level with an Index price of 201.38.
All other HAGI Sector Indices declined from August levels. For details please view the performance table below. The market correction should be seen in context with August´s 9.31% monthly rise in the HAGI Top, which was strongly influenced by the Monterey auction results during the month.
With the third quarter complete the year-to-date growth stands at 31.47% which is more than double the long term average annual growth rate of the HAGI Top.
Please visit www.HistoricAutoGroup.com for more info.
The HAGI Top Index is our overall market measure for exceptional historic automobiles.
The HAGI P Index is measuring the rare Porsche automobile market.
The HAGI F Index is measuring the rare Ferrari automobile market.
The HAGI Top ex P&F Index represents the HAGI Top Index without Porsche and Ferrari.
The HAGI MBCI measures the market for classic Mercedes-Benz automobiles (from 2012).
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Dietrich Hatlapa and Hardy Sohanpal