"Two weeks ago, we explored some bright spots in the collector car market following our recent update to the Hagerty Price Guide. We’re back this week to look at some of the cars that didn’t fare as well. Valuation changes continue to be subject to nuanced inputs rather than the more consistently broad market movement we observed two years ago. This selection of cars that saw notable downward movement is no different, but their value losses may portend wider market changes in the future. From the blue chip to the affordable, we’ll have our eyes out to see whether these trends take hold as we head into the driving season."
inflation is still an issue as well as a smaller rise in real gdp than expected ( big drop from last quarter)
Meanwhile, the Federal Reserve’s favorite inflation gauge—the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices—surged from 2% in the fourth quarter of 2023 to 3.7% in the first three months of this year, easily surpassing the 2.1% inflation the Survey of Professional Forecasters predicted in February.