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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