Automotive specialist Hagerty is revving up its focus on the UK market, with the launch of a commercial valuations service.
According to the firm, the goal of the service is to provide bespoke market data to its users – this can include vehicle inspections, value forecasts, written reports, and more.
Classic car specialist
The company, which specializes in rare and classic cars, has a team of 30 analysts across four different countries. It reports that it evaluates more than two million classic vehicle insurance valuations, while also looking at eligible trade sales and the outcome of more than 28,000 auctions each year. It states that its representatives are present at major auctions to report not only on the condition of the cars that are sold but also on other relevant details such as the atmosphere in the room.
As a result, Mark Roper, Hagerty International’s managing director, believes the firm can offer “unrivaled knowledge”.
“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,” he said. “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.”