Hagerty Inc 's Comment on Competition and Industry Peers
The company reports a strong Net Promoter Score (NPS) and high retention rates, which it cites as indicators of the effectiveness of its enthusiast ecosystem and business model. This approach provides a competitive advantage over companies that primarily compete on price due to lower customer affinity and engagement. The company holds an estimated 7% market share in the U.S. collector car and enthusiast vehicle insurance market.
October 17, 2025
The world of collectible cars is witnessing a momentous occasion as Broad Arrow Auctions prepares for its inaugural sale in Las Vegas on October 31. The lineup boasts an impressive array of automobiles catering to diverse collector preferences, including iconic models like the Bugatti Veyron EB 16.4 Coupe and the Mercedes-Benz 300 SL Roadster. Both cars are not only prized for their engineering and design but also serve as symbols of status and timelessness in the collectors’ community.The sale, which represents a significant event in the high-end automotive auction circuit, highlights the evolving landscape of car collecting. The complete digital catalog of the auction has recently gone live, offering pot...
September 3, 2025
In the high-stakes world of luxury car auctions, Broad Arrow Auctions is driving its expansion across Europe with remarkable gusto. Recently, the company announced several high-profile events that are poised to reshape its standing in the market and capture the attention of car aficionados and collectors worldwide.At the heart of this expansion is the forthcoming auction of an automotive marvel: the Aston Martin Valkyrie Hypercar. Commissioned by none other than Formula 1 driver Daniel Ricciardo, this exquisite vehicle has been tailored to his personal specifications, promising an unmatched allure for collectors. The hypercar’s auction is scheduled to unfold on 10 October 2025, in collaboration with the pr...
December 18, 2024
In a significant stride for the collector car market, Broad Arrow, a Hagerty (NYSE: HGTY) company, has demonstrated remarkable growth and resilience in 2024. Securing nearly $316 million in transactions through auctions, private sales, and financing in its third year of operation, the company achieved a 75% increase from its previous year’s performance of $180 million. Despite facing challenging market conditions, Broad Arrow s impressive results underscore their pivotal role in the high-stakes business of collector car trading. Key Highlights from 2024 1. Transaction Growth Amidst Challenging Conditions: - Broad Arrow s achievement of a 75% growth rate in 2024 underscores its capacity to thrive amid t...
September 10, 2024
Hagerty Inc. known for its dedication to automotive enthusiasts, has announced the renewal of a multi-year partnership with Agero, a leading provider of roadside assistance services. This strategic collaboration underscores Hagerty’s commitment to offering specialized services tailored to the unique needs of car lovers and collectors, ensuring peace of mind on the road.As an essential player in the automotive insurance industry, Hagerty offers coverage for classic cars, collector vehicles, and other cherished automobiles that require specific care. The renewal of its partnership with Agero not only reflects Hagerty’s dedication to its client base but also signals confidence in Agero’s proven track reco...
July 29, 2024
Grosse Pointe, Michigan July 29, 2024 In a thrilling announcement that has enthusiasts buzzing, Broad Arrow Auctions a subsidiary of Hagerty (NYSE: HGTY) has confirmed an impressive consignment of 25 modern collector cars from the Retro Motors Collection for its inaugural auction at the Chattanooga Motorcar Festival. Set to take place on October 12, 2024, this event marks a significant milestone as it concludes Broad Arrow s 2024 auction calendar, showcasing an exciting lineup of late model sports cars that is sure to attract collectors from near and far.The Retro Motors Collection, renowned for its exquisite selection of predominantly U.S. and European sports cars, stands out for featuring vehicles that...
May 21, 2024
Broad Arrow Auctions, a subsidiary of Hagerty, has recently announced a series of exciting auctions and private sales featuring a diverse range of collectible automobiles and memorabilia. With a prestigious showcase on Savile Row and an exclusive Porsche-only auction in partnership with Air|Water, Broad Arrow is set to captivate automotive enthusiasts and collectors alike. This article explores the highlights of these events and the significance of these iconic vehicles and memorabilia.Savile Row Showcase: A Handsome 1963 Mercedes-Benz 300 SL RoadsterThe highly anticipated Savile Row Concours d Elegance is set to feature an exceptional 1963 Mercedes-Benz 300 SL Roadster, presented for private sale by Broad ...
April 17, 2024
Broad Arrow Auctions and Air|Water Partner for Exclusive Porsche-Only Event in Costa Mesa, California - Final Lineup RevealedGrosse Pointe, Michigan, April 17, 2024 - Broad Arrow Auctions, a subsidiary of Hagerty (NYSE: HGTY), is delighted to unveil the highly anticipated final lineup of consignments for the exclusive Porsche-only auction. This pioneering event is being held in collaboration with the inaugural Air|Water standalone gathering, organized by Patrick Long, the renowned founder of Luftgekhlt and a revered figure in the Porsche community. This extraordinary celebration of Porsches and the camaraderie that defines the Porsche enthusiast community is scheduled to take place on Saturday, April 27th in...
Sources:
Hagerty Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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