HAGI LAMBORGHINI INDEX

The HAGI Lamborghini Polo Storico (LPS) was the only index to advance in August, albeit by a relatively modest 1.66%. By way of contrast, the Mercedes-Benz index posted the largest monthly deficit, declining sharply by 7.35%. Though that is merely a one-month snapshot, it’s clear that the carousel of short-term variation within the portfolio of HAGI indices has become more lively of late, with no uniform movements, either upwards or downwards, in any month so far this year.

The net result is that for the year to date the LPS is actually down 5.18%, while the Ferrari index is up 11.12%. That appears on the face of it to be a marked, or even dramatic, contrast. In reality, however, it’s of no great note. We’re inhabiting a post-peak marketplace in which various segments peaked at different times during the period from December 2016 to June 2018. Ferrari, for example, peaked in May 2018, and has since declined by 5.26%. Lamborghini, on the other hand, peaked in June 2018, and has since declined by 7.86%. Simply put, the contrast in recent short-term variation is not as dramatic as at first it seems.

In the case of Lamborghini, the index has been in a downward trend channel since peaking at 102.99 in June 2018. In June this year it dipped to 92.69 but, with growth in July and August, has recovered to 94.89, and is now exploring the upper reaches of that downward trend channel. To what degree it challenges it remains to be seen.

What is undeniable, though, is that for all the drama of Sant’Agata’s four-wheeled creations, the Lamborghini Polo Storico index is less volatile than other segments, because the prospect of selling a classic Lamborghini is at least as weighty a consideration as buying one. See www.historicautogroup.com for more.