Industry News

Hagerty launches Commercial Valuations service

posted on 24/05/2023
Hagerty launches Commercial Valuations service

Hagerty, an automotive lifestyle brand and a leading specialist insurance provider, launches a brand-new Commercial Valuations service in the UK, especially designed to provide businesses with bespoke Hagerty market data.

For over 13 years, Hagerty’s Automotive Intelligence team has produced unrivalled market data and analysis on the global enthusiast market, specialising in modern performance cars, rare collectable vehicles as well as classic cars, via its team of 30 dedicated analysts across 4 different countries.

To obtain their renowned data, Hagerty evaluates over 2 million classic vehicle insurance valuations, along with eligible trade sales and the results of over 28,000 relevant global auction results every year. In addition, Hagerty representatives are present at all major auctions to report on the condition of the cars sold, as well as the atmosphere in the room, so relevant details can be factored when collating valuation data.

The result is market data recognised as the best in the global classic car industry, providing Hagerty with unrivalled knowledge of the enthusiast car sector, whilst also powering its own Hagerty Valuation Tool with accuracy. The  continuously updated supply of data also generates unique Hagerty editorial content and ensures Hagerty can provide the very latest market value of client-owned vehicles for insurance purposes.

Until now access to Hagerty’s market data, and team of analysts, has only been available to the few, but now Hagerty offers trusted professional partners the chance to obtain subscription-based data to suit individual business needs. This can include bespoke written reports, complex car valuations, physical vehicle inspections and current and residual value forecasts suitable for financial lenders, specialist dealers, auction houses and even other insurance companies.

As Hagerty’s data sets are so complex it allows detailed segmentation including specific model detail, total recorded mileage as well as insight Into service history and any notable previous ownership details. In addition, bespoke commentary on a particular market sector is also available to subscribers.

Hagerty’s Commercial Valuations service can be adapted to suit individual client needs, offering a pre-agreed number of valuations each month, ranging from simple vehicle valuations to in-depth expert reports.

Hagerty International Managing Director Mark Roper said, “Hagerty’s market data has been known as the best in the business for over 10-years and is used to power established features such as our annual Bull Market list as well as providing owners with a realistic valuation via our famous Hagerty Valuation Tool. Now we can offer professionals access to our data and analyst team to help them better understand the enthusiast car market for their own needs, or those of their clients, via our new commercial subscription service. If any businesses could benefit from a better understanding of the global market, Hagerty can now provide valuable insight which was previously unavailable.”

*Article Source https://www.hagerty.co.uk/

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