Auction Stats The classic and exotic car market saw noticeable growth in March 2024 compared to March 2023, led by a strong performance by the high-profile live auctions and stable growth from the online auctions.
Impressively, nine out of the top ten sales occurred within the first two days of the month at auctions held in Amelia and Miami. Particularly noteworthy is the fact that these live auctions in Florida generated 42% of the total dollar volume for March, despite accounting for only 6% of the month's sold listings. When it comes to 7+ figure sales, the live auction events are still strong, even as we see online auctions continuing to grow and change the state of the market overall.
Online auctions continued to make their mark, representing 69% of the sold listings in March, and growing 9% in both sold listings and dollar volume alongside a consistent 63% sell-through rate.
Interested the results from the Florida Auctions? Read the full Amelia & Miami recap >
Top 10 Sales in March 2024
9 of the Top 10 Sales happened in the first 2 days of the month at the live auctions in Amelia & Miami, with a Koenigsegg Agera from RM Sotheby's Dubai taking the only non-Florida spot in the list. The top online sale came in at #31 on the list: a 1988 Porsche 959 Komfort that sold for $1.8M at Bring a Trailer.
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Top 10 Flips & Flops in March 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 March 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 March 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
- Fast Car Bids
- Formula Auctions
- Guys with Rides
- Hagerty Marketplace Auctions
- H&H Auctioneers
- Hemmings Auctions
- ISSIMI
- JDM Supply
- Kickdown
- Marqued Auctions
- P1 Groupe Auctions
- PCARMARKET
- Sackey & Co
- The MB Market
* 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
