Crunch­ing the num­bers

‘The high­est num­ber of clas­sics went un­der the ham­mer in April’

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

Dur­ing the first four months trad­ing, the high­est sale rates in the UK have been when auc­tion cars were driven past the ros­trum. An aver­age of 94% of clas­sics have sold at SWVA’s early sea­son drive-throughs at Poole, while a mar­ket-lead­ing 513 cars have so far mo­tored through the ACA hall at King’s Lynn, where there were buy­ers for 394 or 77% of them. In ad­di­tion, Brightwells sold 82% of static-dis­played cars at Leomin­ster.

Analysing the stats from those auc­tion houses whose ‘live’ ham­mer prices are con­firmed by pub­lished re­sults, the high­est num­ber of clas­sics went un­der the ham­mer dur­ing April, when 893 were cat­a­logued, nearly as many as had been of­fered in March and Fe­bru­ary to­gether. But the 65% sale rate for the 581 cars de­clared sold was 10% less than it had been in March and 20% less than at the Jan­uary auc­tions. The £11,371 aver­age price of a clas­sic car at auc­tion in April was con­sid­er­ably less than the £37,927 and £28,250 av­er­ages paid per car dur­ing March and Fe­bru­ary.

Ac­cord­ing to the His­toric Au­to­mo­bile Group In­ter­na­tional, whose HAGI Top In­dex fell by 0.76% dur­ing April and by 3.33% this year to date, the mon­i­tored prices of higher value col­lec­tor ve­hi­cles have con­tin­ued to cor­rect. In­deed, four out of five of their In­dices de­clined last month, with only the HAGI MBCI that charts Mercedes prices be­ing in pos­i­tive ter­ri­tory with a 1.86% hike for the month and 4.62% growth for the first four months.

By con­trast, the Fer­rari chart­ing HAGI F recorded a loss of 1.83% in April, with Fer­rari prices down by nearly 2% for the year to date, whereas the HAGI P for Porsches cor­rected by an­other 0.99% last month and meant achieved Porsche prices have fallen by 3.85% since Jan­uary.

More cars at auc­tion doesn’t al­ways mean that sales fig­ures are ris­ing.

RICHARD HUD­SON-EVANS

Mar­ket up­dates from the man with his fin­ger on the clas­sic pulse

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.