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Monday, 18 January 2021 19:19

CLASSIC.COM Releases 2020 Year in Review for the Classic and Collector Car Market

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CLASSIC.COM on Jan. 18 released its 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 more than 50% from Q4'19, and December 2020 was up 129% over December 2019.

 

Full stats can be seen here.

  

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. 

 

The number of relistings 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 two years, with only eight miles driven between the two sales.

 

Source: CLASSIC.COM

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