CLASSIC.COM Releases 2020 Year in Review for the Classic and Collector Car Market
The market ended the year 10% down, but growth in the second half points to a record-breaking 2021.
MIAMI, Jan. 18, 2021 /PRNewswire/ -- Today, CLASSIC.COM released their 2020 statistics for the classic and collector car auction market. Not surprisingly, given the pandemic, the market was down 10% at $1.3 billion* in sales for the year, but, with the exception of August, the second half points to a very exciting 2021: Q4'20 alone was up over 50% from Q4'19, and December 2020 was up 129% over December 2019. Full stats can be seen at https://www.classic.com/stats/2020/.
Classic and Collector Car Auction Market Stats |
2020 |
2019 |
Change |
Dollar Volume |
$1.3b |
$1.4b |
-10% |
Listings |
38,071 |
38,030 |
- |
Listings Sold |
26,315 |
26,884 |
-2% |
Sell Through |
69% |
71% |
-10% |
Top Sale |
$14.8m |
$19.8m |
-25% |
Average Sale |
$49,526 |
$53,756 |
-10% |
In terms of models, the Porsche 911 takes the top position with 11% growth for the year, followed by the Chevrolet Corvette with an 11% drop in gross sales. The Ford GT was a big winner for the year with 78% growth in sales, as was the BMW 3-series with 87% growth in sales, driven by increasing interest in the E46 BMW M3, among other variants.
Top 10 Models |
Dollar Volume |
Average Sale Price |
||||
2020 |
2019 |
Change |
2020 |
2019 |
Change |
|
$104.5m |
$94.2m |
+11% |
$73,137 |
$79,598 |
-8% |
|
$75.1m |
$84.2m |
-11% |
$57,266 |
$55,798 |
+3% |
|
$40.1m |
$42.3m |
-5% |
$43,422 |
$39,181 |
+11% |
|
$35.9m |
$34.2m |
+5% |
$46,786 |
$45,584 |
+3% |
|
$32.6m |
$39.0m |
-16% |
$48,319 |
$45,586 |
+6% |
|
$30.9m |
$20.5m |
+51% |
$117,565 |
$99,429 |
+18% |
|
$29.1m |
$16.4m |
+78% |
$469,498 |
$454,557 |
+3% |
|
$19.1m |
$19.9m |
-4% |
$56,377 |
$50,612 |
+11% |
|
$15.9m |
$8.5m |
+87% |
$24,519 |
$19,888 |
+23% |
|
$15.2m |
$14.0m |
+9% |
$26,732 |
$23,907 |
+12% |
|
The number of re-listings of cars previously sold at auction increased during the second half of the year. The top flip for 2020 goes to a 1967 Toyota 2000GT which sold for $912,000. The top flop was a 2017 Ford GT that lost $847,500 in less than 2 years, with only 8 miles driven between the 2 sales.
Top Auction "Flips" |
Net Gain from |
Time since Previous Sale |
$362,500 |
2 years, 1 month, 29 days |
|
$324,500 |
1 year, 11 months, 29 days |
|
$236,000 |
2 years, 11 months, 26 days |
|
$155,000 |
3 years, 7 months, 21 days |
|
$130,250 |
4 years, 1 month, 19 days |
About this data
The data on CLASSIC.COM is compiled from publicly available listings from the leading online and off-line auction sales around the world. Market statistics include sales reported in US Dollars only. For a complete list of data sources, learn more at classic.com/about.
About CLASSIC.COM
CLASSIC.COM is the search engine and analytics platform for the classic car industry. We empower classic car buyers, sellers, and enthusiasts with insights based on deep data – including market values, price comparisons, auction alerts and more. View market statistics for the classic car industry at classic.com/stats and follow your favorite market at classic.com/markets.
Media Contact
Linda Koritkoski, [email protected]
SOURCE CLASSIC.COM
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