Auction Stats In July, we noticed an increase in listings compared to 2023, but the Sell-through rate and Average price were among the lowest we’ve seen this year. But don’t worry—this dip is mainly due to a lighter schedule of live auctions, which is common for July. Many top auction houses are gearing up for Monterey Car Week, the highlight event of the year for collectors. Let’s dig into the data.
July Breakdown
Overall, Dollar Volume at auctions decreased 7% year-over-year. This was mainly the result of a 24% decrease at live auctions, while live online auction volume actually increased by 7%.
On the other hand, Sold listings increased 5% compared to July 2023. Again, this was led by a 16% growth at online auctions, while sold listings at live auctions actually decreased almost 10%.
Typically, live auctions produce higher Average Price and Sell-through Rate compared to online auctions. However, this month the Average price at online auctions was higher than live auctions. While this is certainly notable, we don't see it as the beginning of a trend. It is very typical for live auctions to have lower activity in July, as they prepare for Monterey Car Week in August. For now, we'll consider it a blip on the radar.
Year-to-Date
Notable Sales
Top 10 Sales in July 2024
6 of the Top 10 sales in July were sold at RM Sotheby's Tegernsee Auction in Germany – in fact, 9 of the Top 10 sales took place in the UK and EU. Bring a Trailer was the only online auction and the only US sale to make the list – at #8.
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Top 10 Flips & Flops in July 2024
Each month, we track "Flips" and "Flops," which we define as cars with documented previous sale records. This enables us to calculate the net gain or loss and the time elapsed since the last sale. While some purists argue that a genuine Flip/Flop occurs only within a 12-month timeframe from the previous sale, we believe this list offers entertainment and valuable insights that a narrower window would overlook. Admittedly, it's plausible that cars have changed hands in private transactions between these public listings; nonetheless, this data provides valuable insights into which cars have realized significant gains or losses compared to their previous sales. Enjoy this data at your own discretion.
Flips
Flops
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Market Busters in July 2024
While most statistics and reviews tend to concentrate on the upper echelon of the market, noteworthy examples are consistently emerging across all segments of the industry. Our "Market Busters" chart showcases listings that broke records within their respective market segments and across all value tiers.
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Results are included from the following auctions in July 2024:
Online Auctions:
- ACC Auctions
- Auctomobile
- AutoHunter
- Bonhams | Cars Online
- Bring a Trailer
- Cars & Bids
- Catawiki Classic Cars
- CCA Everyman Practical Classics
- Clasiq Auctions
- Collecting Cars
- Collector Car Canada
- Fast Car Bids
- Formula Auctions
- Guys with Rides
- Hagerty Marketplace Auctions
- H&H Auctioneers
- Hemmings Auctions
- ISSIMI
- JDM Supply
- Kickdown
- PCARMARKET
- The MB Market
US Live Auctions:
UK & EU Live Auctions:
* A Market on CLASSIC.COM is a grouping of comparable vehicles that have, at a minimum, the same Make, Model, and Model Generation. When relevant for purposes of valuation, a Market may be further segmented by Model Variant, Trim, Transmission Type, Body Style, and other factors.
**The CLASSIC.COM Market Benchmark (CMB) is a benchmark value for vehicles in a given Market based on data accumulated by CLASSIC.COM and calculated by a proprietary algorithm that takes into account volume and recency of each data point. CMB can be used to assess the performance of a market over a given time period. However, it does not represent the value of a specific vehicle.
Read more in our Glossary of Terms
