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- 🚀 August's Deep Dive: Over 4500 Car Sales Analyzed!
🚀 August's Deep Dive: Over 4500 Car Sales Analyzed!
PLUS: EXCLUSIVE Insights & Price Trends - Dive In!
Sam Gold
September 11, 2023
The Daily Vroom
Good morning Vroomers, 🌞
It’s 11.38pm here on Sunday. I’ve been working on this newsletter for a number of days, so here’s hoping you enjoy it!
Today I had a little break taking my young un’s to the California Science Centre, well worth a visit if you’re in LA - that space shuttle 🚀 Endeavor is mighty impressive. Anyways I digress…
Chart Day is here! 📊 It’s time for a deep analysis of last months sales. I've taken a closer look back at August's numbers.
The results? Some pretty eye-catching trends and insights.
For this edition:
I'm giving you a bird's-eye view of the market first. 🌍
Then, I've split the analysis by major platforms. This way, you can jump right to the stats of your favorite platform without any fuss. 🚗💨
As always, with each chart, there's a quick note to guide you through. 📝
There's so much more we can explore together. Drop a comment or shoot a message on what else you'd like to see. 🚀
AUGUST SALES ANALYSIS
What a thrilling month August was for car auctions with over 4500 vehicles being sold in online auctions, which is 500+ more than in July!
Above is is a word cloud for all the car models in sold in August. The size of each word indicates its frequency; larger words represent models that appear more frequently in the sales in August.
Below are the top 10 most expensive sales of the month.
The highlight of the month was undoubtedly the 1976 Porsche 934 Race Car. Its distinct allure and celebrated history crowned it as the top sale of the month, fetching a remarkable $1,550,000.
Not far behind was the 2021 Ford GT ’66 Heritage Edition 🏁, an embodiment of contemporary engineering boasting advanced features and a distinct design, which sold for $1,385,000. Following closely, its kin, the 2019 Ford GT 🚀, commanded a price of $945,269, further emphasizing Ford's dedication to continuous evolution and innovation.
The 1958 Ferrari Testa Rossa 🏎️, an emblematic vehicle recognized for its potent performance and timeless aesthetics, secured a notable $800,000.
Steering our focus away from the obvious highlights, an intriguing find emerged. The 427 fe Side-Oiler-Powered Superformance GT40 MKII from Ford stood out as a significant sale. This particular Superformance GT40 MKII is a right-hand-drive model ordered in 2004 and delivered to its first owner in 2007. Notably, it played a pivotal role in cinema, providing the audio recordings for the GT40-related soundtrack for the acclaimed 2019 movie "Ford v Ferrari".
For the aficionados of numbers, the cumulative value of vehicles auctioned across all platforms surpassed an astounding $185 million, 20 million more than the previous month.
Moreover, the average price of the vehicles auctioned was close to $42K.
Here are the average sale prices (rounded up) for the most active platforms (in terms of vehicles auctioned):
Bring A Trailer: $48K
Cars And Bids: $31K
Car & Classic: $23K
Collecting Cars: $55K
PCARMARKET Auctions: $70K
Hemmings Auctions: $23K
Hagerty: $49K
These statistics unveil a lively and flourishing automotive auction market, with a diverse range of vehicles being traded at various price points. The subsequent insights will delve deeper into this vibrant landscape.
Bring A Trailer are still streets ahead of the rest of the market in terms of pure sale numbers. For the statisticians amongst you BaT had 4.68 more sales than their nearest competitor, Cars & Bids.
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