Automotive

HAGERTY AUTOMOTIVE INTELLIGENCE REFRESHES VALUATION WEBSITE; PREDICTS $211 MILLION IN UPCOMING CLASSIC CAR AUCTION SALES

Well-liked car valuation web site serves 3 million lovers yearly

Revealed: Jan. 26, 2022 at 12:49 PM CST|Up to date: 14 hours in the past

TRAVERSE CITY, Mich., Jan. 26, 2022 /PRNewswire/ — On Monday, Hagerty, Inc., (NYSE: HGTY) launched a refreshed model of its widespread Valuation Instruments web site. The useful resource, launched in 2011, receives vital design, navigation and information frequency updates. Automobile lovers can get pleasure from the brand new expertise at www.hagerty.com/valuation-tools.

Courtesy of Hagerty Media(PRNewswire)

Hagerty Valuation Instruments gives present and historic pricing information on greater than 40,000 collectible vehicles, vans, SUVs and bikes. With Hagerty Worth Information (HPG) values relationship from 2006 and roughly 400,000 comparable public sale gross sales spanning a long time, the device has grow to be the go-to supply for fanatic market analysis. Key updates to the brand new Hagerty Valuation Instruments expertise embody:

  • Design refresh emphasizes a very powerful market information for customers
  • Navigation refinement – together with free-form, textual content search – makes trying up a automotive simpler
  • Costs up to date quarterly (beforehand thrice per 12 months)
  • Tiered experiences embody:

“For greater than a decade Hagerty has been dedicated to serving to lovers grow to be extra knowledgeable as they store for the vehicles they love,” stated Brian Rabold, Vice President of Automotive Intelligence. “With this newest replace to Hagerty Valuation Instruments, I am excited to make that course of even quicker and simpler.”

Hagerty Automotive Intelligence additionally introduced its prediction of $211 million in public sale gross sales for the upcoming Arizona Public sale week. This represents a 14% decline when in comparison with 2020’s $244 million complete. The decline is attributed to fewer auctions internet hosting gross sales, a discount in heaps by one third and fewer predicted $1 million automobiles provided.

Fans can comply with the Arizona Public sale week leads to actual time by downloading the Hagerty app for Apple [link] and Android [link]. Media can join Hagerty Automotive Intelligence day by day public sale updates by sending an e-mail to [email protected]

Immediately’s announcement carefully follows Hagerty’s debut as a publicly traded firm and illustrates the model’s function to save lots of driving and automotive tradition by offering providers that attain the roughly 69 million U.S. automotive lovers.[1] Hagerty Automotive Intelligence information approximates there are 43 million insurable collectible automobiles within the U.S.[2] Additional, the reside and on-line collector automotive public sale business bought greater than $2.2 billion in 2021[3] – to say nothing of the personal celebration market which represents an estimated market alternative in extra of $20 billion a 12 months.[4]

About Hagerty, Inc. (NYSE: HGTY)
Based mostly in Traverse Metropolis, Michigan, Hagerty’s function is to save lots of driving and protect automotive tradition for future generations and its mission is to construct a world enterprise to fund that function. Hagerty is an automotive fanatic model providing built-in membership merchandise and applications in addition to a specialty insurance coverage supplier centered on the worldwide automotive fanatic market. Hagerty is dwelling to Hagerty Drivers Membership, Hagerty Drivers Basis, Hagerty DriveShare, Hagerty Valuation Instruments, Hagerty Media, Hagerty Drivers Membership journal, MotorsportReg, Hagerty Storage + Social, the Amelia Concours d’Magnificence, the Concours d’Magnificence of America, the Greenwich Concours d’Magnificence, the California Mille, Motorworks Revival and extra. For extra info on Hagerty, please go to www.hagerty.com, or join with us on Fb, Instagram and Twitter.

Extra info could be discovered at newsroom.hagerty.com.

[1] [2] Hagerty Automotive Intelligence, Investor Relations Capital Markets Showcase, hyperlink 
[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-Associated Disclaimers 
This launch mentions devices that could be thought of securities, issuers that could be conducting choices, and different issues that will bear on securities. Hagerty isn’t a securities broker-dealer, funding adviser, or monetary planner, and we’re not registered with the U.S. Securities and Alternate Fee or any state or international securities regulatory authority. The knowledge we publish on our web site or put in press releases is offered for info functions solely and isn’t supposed for buying and selling functions. Not one of the info contained in a press launch, on or accessible by means of our web site constitutes a solicitation, provide, opinion, or advice by us or any of our subsidiaries or associates to purchase or promote any safety, or to supply authorized, tax, accounting, or funding recommendation or providers concerning the profitability or suitability of any safety or funding you make. This launch is meant solely to supply info that’s broad in scope and probably of curiosity to our customers. This launch might depend on info gathered from third events that we don’t independently verify, and it doesn’t embody all info that’s related to any specific choice you might, might not, or may make. You must get hold of further info and recommendation out of your monetary, tax or different advisers who’re totally conscious of your particular person circumstances earlier than you make any choices involving securities.

Class: Hagerty Automotive Intelligence

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