Tips 
A list of terminology used on CLASSIC.COM, and their definitions. Including CMB, Market, and other automotive and financial industry terms.
CLASSIC.COM Market Benchmark (CMB):
The 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. The actual market value for a specific vehicle may be higher or lower than the CMB, depending on various value drivers, such as the condition of the vehicle, mileage, location, etc.
Market:
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.
In addition to the terms above, below is a Glossary of terms used within the Automotive and Financial industries that are used in many of our Statistics and Data Reports.
Average Price:
Average sale price of listings, typically related to a Market, Auction, or Time Period. Average Price is calculated by dividing the Dollar Volume by the Sold Listings.
Dollar Volume:
The sum of reported sale prices, typically related to a Market, Auction, or Time Period. Dollar Volume is calculated by adding the final sale prices for all Sold Listings, as reported by the Seller. Some sellers include commissions/fees as part of the sale price, and some do not. If a sale occurs in a currency other than US Dollar, it is converted to US Dollar based on the conversion rate on the date of sale.
High Bid:
In the case where a vehicle is listed at auction and does not meet Reserve, the High Bid is the highest bid received in that auction before it ended.
LTM:
Abbreviation for “Last Twelve Months”
Reserve:
A price value set by the seller of an auction at which the listing will sell. If an auction does not result in a bid that is equal to, or higher than, the Reserve, the lot will not be sold, and the result will be a High Bid.
Total Listings:
The quantity of vehicles that were for sale in a given Market, Auction, or Time Period – regardless of if they sold or did not sell. This does not include lots that were withdrawn.
Sell-through Rate:
The percentage of vehicles that were sold, typically related to a Market, Auction, or Time Period. Calculated by dividing the Sold Listings by the Total Listings.
Sold Listings:
The quantity of sold vehicles included in a given calculation. This does not include vehicles that did not sell or were withdrawn.
