The Daily Vroom

Good morning Vroomers! 👋 

Skipping the usual chit-chat today, let's dive right into the action…

MARKET LEADERBOARD

💰 The figures shared below don’t count any other sales such as car seats, memorabilia etc..

I only include websites that have sold 5+ cars in the chart below. Which means PCarMarket, Hemmings and many others did not sell 5 cars yesterday!

Yesterday was a bit on the lower side, with the online market moving only about $5 million in wheels. Now, before anyone starts mumbling that sales are cooling off as we near year's end, hold that thought. Trust me, there are some massive potential sales lined up, ready to drop both before and after Christmas. Will buyers dip their hands deep into their pockets over the holiday period? Stay tuned as I’ll be covering all the sales and more…

YESTERDAY’S TOP 5 SALES 

Alright, let's dive into yesterday's top sales. Just click on the image, and boom, you're right at the listing. Quick heads-up: Hagerty's website lists their fees separately, adding an extra $11K on top. But hey, I've got you covered with the actual sale price laid out below.

And let me tell you about that Ford Bronco – in my book, it's an absolute beauty. The price it fetched? Fantastic for the seller. It's deals like these that keep things interesting around here!

2000 Ferrari 550 Maranello $296,000

2022 Porsche 911 GT3 Touring 6-Speed $264,000

1996 Porsche 911 Carrera 4S 6-Speed $216,000

2002 Ferrari 360 Spider Six-Speed $169,000

1971 Ford Bronco $156,000

Nearly Sale Of The Day

The recent near-sale of the 2023 Porsche 718 Cayman GT4, bid up to $122,800, speaks volumes about the current market. The bid matched its MSRP, which I reckon is about right for a non-RS model. To put it into perspective, a similar spec, albeit with 800 fewer miles, went for $126k back in August on Cars & Bids. This tells me the final bid on this one was pretty much on the nose. 

Now, the seller can set their reserve at whatever they fancy, but given that this isn't one of those ultra-special models, I'm thinking the price on this Porsche might dip in the future. So there's a chance the seller might be kicking themselves later on. This GT4, with about 3,100 miles on it and decked out in GT Silver Metallic, is no doubt a stunner – it’s got the works: 6-speed manual, 4.0-liter Flat-6, Chrono Package, and all. But in a market that's always looking for the next big thing, especially in performance cars, holding out for a higher price can be a bit of a gamble. 

Do you think the final bid of $122,800 was a fair price?

Yes, seller should have taken it 

No, car is worth more 

Vintage Ferrari Sales Deep(ish) Dive

Two of yesterday's top five sales were Ferraris over 20 years old, sparking my curiosity about older Ferraris' recent market trends. So, I dove into the data from October 1st onward and discovered a staggering $43 million in Ferrari sales through online auctions. Intrigued, I decided to delve deeper into the details. Here’s what I uncovered.

With nearly half of all Ferrari sales - a hefty 46.4% - being pre-2000 models, (what I consider vintage), it's evident that there's a robust market for these older beauties. The sheer value of these vintage Ferraris, totaling a whopping $21 million in recent sales, certainly underscores their enduring appeal and market strength.

When it comes to vintage Ferraris, the 1990s models emerge as the most sought-after decade. Interestingly, in the broader scope of Ferrari sales during this period, the year 2017 stands out as the peak year for popularity.

When we talk about average prices, it's crucial to remember that they don't always tell the whole story. Sometimes, a single high-profile sale can skew the average, but that's exactly why we focus on the average rather than just the top sale – it gives us a more rounded view of the market. 

So even though there were a lot less 60’s Ferrari’s sold than every other decade, the 1960s Ferraris really stood out in terms of average prices. with six distinct models from various years all fetching impressive prices. The crown jewel among these was a breathtaking 1963 Ferrari 250 GT Lusso, which sold for a whopping $1,402,000. 

Interesting tidbit: the Lusso that fetched such a high price actually didn't come with its original engine. Had it retained the original engine, its selling price would have likely soared even higher.

From the above plot and the data analysis, we can observe the following trends:

1. October: The average selling price for vintage Ferraris was $205k.

2. November: There was a slight increase in the average selling price, reaching $221k.

3. December: The average selling price decreased to about $117,822. Bear in mind December is not over yet and there have been less vintage sales thus far.

From October - Dec 19th

Before we looking a Vintage Ferrari sales by platform, lets take a quick look at the overall picture for all Ferrari’s. The two major sites to buy and sell a Ferrari are one here in the U.S. Bring a Trailer and Collecting Cars (based everywhere apart from the U.S.) With Cars & Bids & Car & Classic in clear 3rd & 4th place.

Collecting Cars stands out as the top performer in terms of the average selling price of Ferraris, consistently dealing in high-value vehicles. On the other hand, Hagerty and Bonhams, having sold only 2 and 3 cars respectively, have averages that might not fully represent the market, as their limited sales can skew the overall picture.

Bring a Trailer is absolutely killing it in the vintage Ferrari game, selling way more than double what anyone else is. But let's talk about Collecting Cars – they're on another level when it comes to the average sale price. They're just blowing everyone else out of the water!

Alright, so here's the lowdown: the F355 isn't just crushing it in sales; it's the undisputed heavyweight in the vintage model ring these past few months. But hold up, when it comes to the champ of average selling prices, the Testarossa steals the spotlight. And why is the F355 so rad? It’s where that timeless Ferrari magic meets a slice of modern cool – a true icon of its era.

AUCTION OF THE DAY

Alright, check this out: today's auction of the day is something you don't see every day - a 2020 Hydratrek XTB66. This thing's not just a vehicle, it's an adventure on six wheels! It's amphibious, which means it's just as happy chugging through water as it is cruising on land. Think 7 seats, turbodiesel power, and it even comes with a trailer. 

This beast is black with a gray and black interior, and it's packed with cool stuff like a Saltwater Kit, over-the-tire rubber tracks, a winch, and a windshield. But here's the kicker – it's not street-legal, so it's all about off-road or on-water fun. Powered by a Kubota turbodiesel engine, it's got the guts to handle pretty much anything, whether that's land at 15 mph or water at 3.5 mph. 

Now, it's got some wear and tear, like scratches and a funky coolant gauge, but hey, it's been loved. Last serviced in November 2023, this XTB66 is ready to roll (or float!). Just remember, you can't drive it on the streets, and it's sold with a manufacturer's certificate of origin and a bill of sale only. The trailer's got a title, though. 

So, if you're the kind of person who looks at a lake and thinks, "Why go around when I can go over?", this Hydratrek is your ticket to a whole new world of fun. 

What do you think will be the final sale price for the 2020 Hydratrek XTB66, currently bid at $32,000?

$32,000 - $40,000 

$40,000 - $50,000 

$50,000+