HAGI PORSCHE INDEX

PHYSICS AND COLLECTING cars have more in common than you might think, as Porsche has demonstrated on its longterm trajectory through the marketplace. The laws of gravity and rotational force apply to both.

The HAGI P Porsche index gained 1.23% in March and a further 2.76% in April. Yet these single-digit contributions still leave the HAGI P shy of its standing six months ago at the end of October 2017. However, it’s the longer-term view that is more informative.

Through three years from 2014 to the end of 2016, the HAGI P strongly outperformed other HAGI individual marque indices, as well as the overall market represented by the HAGI Top. The peak growth year for Porsche was 2014, when the HAGI P gained 32.06%. Yet by the end of 2017 gravity had clearly started to take effect. Porsche was still ahead of all the others in index-level terms but was being brought back down to Earth.

The legacy of soaring growth means that Porsche has gained 17.08% over the last three years. Yet four months into 2018 Porsche stands at an index level of 346.98, which is back almost exactly where it was in April 2016 before it peaked in November 2016 at a heady 374.15 – well out in front of other HAGI measures. In other words, two-year growth is zero, and year on year to April 2018 is marginally down (0.87%), while other measures are still posting single-digit gains.

Now gravity and rotational forces have again achieved equilibrium. After ten years Porsche is once more aligned with other sectors. There’s the similarity and the difference. Visit historicautogroup.com for further analysis.