Market Guides The $500K-$1M Value Tier represents one of the most exclusive segments in the collector car market, with only 1% of markets and just 0.5% of listings falling into this prestigious range. Despite its smaller size, this tier remains a vibrant space for high-value enthusiasts.
The vehicles in this category are heavily skewed toward the Modern era, which dominates with 57% of listings. The 1960s and Pre-War classics follow with 10% and 8%, respectively.
The average sale price at auction was $684,000, holding steady compared to 2023. Total dollar volume reached $261 million, with 74% of sales taking place at live auctions. In total, 382 vehicles were sold in this tier, with live events accounting for 73% of those transactions and online auctions capturing a growing share of the market.
Trends in this tier reveal a 3% decrease in both dollar volume and sold listings overall, driven by a 6% decline at live events. However, online auctions showed promising growth, with a 10% increase in both sold listings and dollar volume. While average prices remained stable, the sell-through rate (STR) dipped slightly, down 2% across both live and online auctions. That said, the STR in this tier still reached an impressive 82%, nearly 20 points higher than the industry average.
For those seeking investment-grade collector cars, the $500K-$1M tier offers a mix of modern innovation, vintage allure, and strong market performance, making it an exceptional space for collectors who demand the best.
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Top 10 Growing Markets
According to the CLASSIC.COM Market Benchmark (CMB)*, these markets experienced the most value growth between January and December 2024.
Top Slowing Markets
According to the CLASSIC.COM Market Benchmark (CMB)*, these markets experienced the greatest value declines between January and December 2024.
Most Popular Markets
These Markets saw the highest activity in 2024, based on the number of new listings tracked across both auctions and dealers.
More Insights on the Classic and Exotic Car Market in 2024:
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For a list of data sources used in this article, reference our Data Sources.
*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.
** 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.
