Sales up, but prices down

Classic Car Weekly (UK) - - Buying & Selling -

Per­cent­age sold stats are the most ac­cu­rate weather check for the col­lec­tor ve­hi­cle mar­ket, in­di­cat­ing whether ven­dors’ re­serves are be­ing met or re­jected by con­sumers. Of the eight auc­tions I at­tended in April, sale rates var­ied hugely. CCA saw 73 per cent sold at the NEC on 1-2 April while ACA en­joyed the same per­cent­age on 8 April in King’s Lynn. There was 70 per cent at Brightwells’ Bices­ter sale on 5 April and 67 per cent sold by Char­ter­house at its 12 April sale in Shep­ton Mal­let. Fi­nally, there was a less bullish 54 per cent sold at Brightwells’ Mod­ern Clas­sics sale on 20 April in Leominster and a 47 per cent at Barons on 22 April at Sandown Park.

Fi­nal sets of post-sale in­clu­sive prices con­firmed by the auc­tion firms reveal that 508 of the 758 clas­sics avail­able were sold at the April sales and an av­er­age of 67 per cent of cars auc­tioned are cur­rently sell­ing. With a to­tal of £6.1m spent, an av­er­age of £12,001 is be­ing spent on clas­sics at auc­tion at present.

By com­par­i­son, the per­cent­ages of cars sold in March ranged from the 82 down to 54 per cent. Brightwells led the way at Leominster on 8 March while Bon­hams Good­wood (19 March) and His­torics Brook­lands (4 March both en­joyed 80 per cent. There was a 71 per cent fig­ure from the Richard Ed­monds Alling­ton sale (4 April), 67 per cent at H&H Dux­ford (29 March) and 57 per cent at DVCA Athel­hamp­ton (2 March).

Al­though fewer cars were auc­tioned and sold dur­ing the March sales (when 389 of the 522 clas­sics of­fered sold), the 74.5 per cent sale rate was ac­tu­ally higher and so was the £14.76m spent, with pre­mium taken into ac­count.

Bon­hams’ £5.6m Good­wood sale and His­torics at Brook­lands £2.6m sale to­tals boosted both the gross spent and the av­er­age price paid in March to £37,935 per auc­tion clas­sic.

‘Per­cent­age sold stats are the most ac­cu­rate weather check for the mar­ket’

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