The second quarter of 2020 caps the most tumultuous period that we’ve seen for the classic car market in our generation: with $129.6m in USD denominated sales*, the market was down 45% from $237.2 in Q2’19. June itself was no surprise with $43.1m in sales, down 29% from $60.5m in June 2019.
But behind the scenes, things are heating up big time. Bring a Trailer was acquired by Hearst Autos and we’ve heard rumblings about major investments by some of the auction houses to truly compete online. Barrett Jackson already has an impressive lineup for their online auction in July, RM Sotheby’s just announced a July online auction. and even Gooding & Co., known for blockbuster sales and impeccable live events, announced the aptly named “Geared Online” auction with a fantastic lot preview.
All stats in this post are as of June 30, 2020 at 7pm eastern.
Hello to The Market (UK)!
This month we added auction data from TheMarket (UK). With a solid history of sales in the UK, British car lovers will surely appreciate their daily dose of online inventory.
We’ve added new charts for your data-digging pleasure! For each Market, you can now view:
- Our original sales history chart, showing all USD sales* for the past 5 years
- New model year chart, showing sales and dollar volume for each production year
- New submarkets chart, showing top submarkets by Make or Model
- New mileage chart, showing sales trends by mileage (for select markets)
Follow your favorite markets
Want to track sales of your favorite make/model? You can follow your favorite markets with the click of a button, then sit back and we’ll keep you up to date with alerts on new listings and sale prices. Here are some of our favorite markets launched this month:
If there’s a market you’d like us to add, please let us know by commenting below… we are adding markets every day!
* CLASSIC.COM Stats and Charts include sales reported in US Dollars only. Sales reported in other currencies are not taken into account… yet.