MARKET LEADERBOARD

Yesterday was quite a standout! 🌟 We saw an unprecedented mix of platforms in the top 20 car sales, more diverse than I've witnessed in a long while.

In the top 10 lineup:

• Bring A Trailer and Collecting Cars each clinched 4 sales.

• Cars & Bids and PCarMarket managed one each.

I'm thrilled with this competition! 🚗💨 Platforms jostling for the top spots is exactly the kind of dynamic I relish.

Now, diving deeper into the numbers:

• The average sales from leading US platforms, Bring A Trailer and Cars & Bids, were $36,560 and $29,843 respectively.

• In a stark contrast, a whopping 42% of vehicles sold by Collecting Cars yesterday soared above $100,000. 🚀

On the more affordable end:

• Collecting Cars' most budget-friendly sale was a Bentley at $18,825 (previously owned by film director and critic Michael Winner 🎬).

• Cars & Bids had a sale at a modest $5,300.

• Bring A Trailer saw one going for a mere $1,901.

1987 Ferrari Testarossa Straman Convertible $321,260

2018 Porsche 911 (991.2) GT3 Touring $231,440

2003 Ferrari 360 Challenge Stradale $206,000

2016 Porsche 911 Carrera GTS Rennsport Reunion Edition $192,000

1998 Porsche 993 Carrera S $175,000

2015 Nissan GT-R NISMO
Sold for JUST $145,535

Link to auction here.

Mileage: ~2,300 Miles
Original MSRP: $169,780

📜 A Brief Dive into History:
The Nissan GT-R, internally dubbed the R35, has earned its nickname 'Godzilla' for a reason. Since its debut in 2009, it's been a force to reckon with, giving a run for their money to its pricier European and American competitors. The NISMO variant? Well, it's the cherry on top, with a 3.8-liter twin-turbocharged V6 unleashing a whopping 600 horsepower.

🔥 My Take:
Alright, let's talk about this beast. When I say this is the "steal of the day," I genuinely mean it. This NISMO GT-R isn't just a car; it's an experience. With its Low-Sheen Gray Metallic finish, it's a head-turner, and those carbon-fiber trims? Pure class.

And let's not forget the luxurious insides with heated Recaro front seats. Only 2,300 miles on it and priced at $145,535? Last one that hit the online auction market was sold for $179,000 and this one is a LOT better. Someone got themselves an absolute bargain!

And if you're looking for a more technical perspective, there's no one better to describe this mean machine than Doug DeMuro:

When looking at the automotive landscape, BMW stands out not just for its engineering but also its significant market impact. In 2023 alone, BMW sales amounted to an impressive $67.17 million. That speaks volumes about the brand's resonance with consumers. Diving into the specifics, the average BMW found a new home for $27,549.65. Let's delve further to understand the dynamics behind these numbers. 📊

It's not particularly shocking to see Bring A Trailer leading the pack with the top 10 BMW sales this year. What did catch my eye was Car & Classic securing the sale of the 4th priciest BMW. I wasn't aware they dealt in such premium vehicles. A brief overview of their transactions this year revealed that this '38 model has been their top-ticket sale. Take a look at the car...

Approximately 38.8% of the BMW sales were for the 3 Series model.

In 2023, the BMW 3 Series led the pack in sales value, outperforming the next best-selling BMW model by a staggering 168.93%, highlighting its unwavering appeal and dominance in the market.

Let’s take a look at average sale prices for each of the top 5 models to see if there are any price trends.

From the chart, it's evident that the average sale price for the 3-Series is on an upward trajectory.

Since the beginning of the year, both the 5-Series and the 6-Series have experienced a notable rise in their average sale price.

While the Z4's pricing has been largely consistent, there has been a slight dip in its average sale price over the past couple of months. On the other hand, the Z3's prices, which seemed unusually low in January, have oscillated month-to-month ever since.

With the 3-Series being by far the most popular of the BMW models. Lets take a closer look at their sales.

I decided to merge the recent data on the number of 3-Series sold with the top 5 selling platforms, along with their average selling prices. Notably, while Bring A Trailer leads in sales volume, they don't top the chart in average sale price. That distinction goes to PCarMarket, with Collecting Cars trailing closely — a platform known for focusing on higher-priced vehicles.

Finally I delved into identifying the most popular decade and specific year for BMW sales. The 2000’s were the winner. For a closer look, I assembled the chart above, pinpointing 2004 as the peak year. The different shades represent the average selling price for each respective year.