Where Did the Million-Dollar Cars Go?

PLUS: The Pint-Sized Powerhouse You Never Knew You Needed

The Daily Vroom

Hey Vroomers,

I've been scrolling through upcoming auctions, and while there's a smorgasbord of cool rides, I'm noticing something odd. Where are all the seven-figure heavy hitters? It's like trying to find a manual transmission in a new car showroom - they're just not there.

Now, I get it. These platforms aren't solely catering to the champagne-and-caviar crowd. But here's what's bugging me: why aren't we seeing more high-roller cars online? The numbers don't lie - online auctions are gobbling up more and more market share from traditional live events. Heck, this year's top online sale was a Bugatti that went for a cool $4.1 million. That's not exactly chump change.

So what gives? Is it the allure of the live auction drama? The thrill of raising that paddle in person? Maybe. But let's talk cold, hard cash for a second. Sellers could be saving a fortune by listing online. The fees at these live auctions are astronomical compared to all online platforms.

Here's another head-scratcher for you: I've been chatting with car enthusiasts, and you'd be amazed how many are clueless about online auctions. I'm talking 2 or 3 out of every 10 gearheads I meet have never heard of Bring a Trailer. And Doug DeMuro? To them, he might as well be the new kicker for the Patriots!

So, Vroomers, I'm tossing this one to you. Is this a marketing fail? Are the big-dollar sellers just not hip to the online scene? Or is there something else at play here?

Let's hear your theories. Because in my book, if you're not evolving with the market, you're basically a dinosaur staring at the meteor. And we all know how that turned out.

Sam

Why aren't we seeing more million-dollar cars on online auction platforms?

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MARKET LEADERBOARD

💰 The figures shared below don’t count any other sales such as car seats, memorabilia etc… All online auction sites are analyzed to put this leaderboard together.

I only include websites that have sold 5+ vehicles in the chart below.

Well, folks, yesterday was about as exciting as watching paint dry in the classic car market. We're talking a real snoozefest. Sell-through rates were limping along like a three-legged dog, and those big-ticket items? They were about as common as a Ferrari at a Prius convention.

The end result? A measly $5.8 million in sales. That's pocket change in this game. I've seen better numbers at a high school bake sale. It's days like these that remind us the market isn't always caviar and champagne - sometimes it's just stale crackers and tap water. But hey, that's the rollercoaster of the car auction world for you. One day you're riding high, the next you're scraping the bottom of the barrel. Stick around, though. If there's one thing I know, it's that in this business, the only constant is change.

YESTERDAY’S TOP 5 SALES

Collecting Cars has done it again! Not only did they snag the top spot in yesterday's sales, but they also claimed another position in the top 5. It's becoming a familiar story - whenever there's a big-ticket item up for grabs, you can bet Collecting Cars will be right there in the thick of it

Want to dive deeper into any of these listings? Just click on the car to take you directly to the listing.

2019 Ferrari 488 Pista - Tailor Made $372,200

2023 Porsche 718 Cayman GT4 RS Weissach $220,000

1988 Porsche 911 Turbo Cabriolet M505 Slant Nose $188,000

2005 Honda NSX $131,000

2020 MB Sprinter 3500XD Midwest Automotive Designs Presidential RV $122,000

The Pint-Sized Powerhouse You Never Knew You Needed

You know, I'm constantly flooded with emails from folks asking two things: "Is this car a good deal?" and "Can you please showcase more affordable rides?" Well, today I'm killing two birds with one stone. I've stumbled upon a little gem that not only makes my heart race but also won't break the bank. In fact, the current bid is so low it's almost criminal. Get ready, because I'm about to introduce you to a pint-sized powerhouse that could be the bargain of the century.

I absolutely adore Kei cars, and this 1994 Suzuki Alto Works RS/R is a prime example of why. These tiny Japanese hot hatches pack so much fun into such a small package. At just over 10 feet long and around 1,500 pounds, it's minuscule by modern standards, but that's what makes it so exciting.

This particular Alto Works is the RS/R model, which means it's got all-wheel drive and a turbocharged 658cc three-cylinder engine. In stock form, that little powerplant churns out about 63 horsepower - doesn't sound like much, but in a car this light, it's plenty to get your heart racing. Plus, with the 5-speed manual, you'll be rowing through gears with a big grin plastered on your face.

What really gets me excited about this one are the modifications. It's got aftermarket suspension, an upgraded air intake, and those sweet red 13-inch Sprint Hart wheels that perfectly complement the aggressive Works body kit. The functional hood scoop and rear spoiler give it that proper hot hatch look.

Now, it's not perfect - there's some exterior wear and tear, and the interior shows its age. But that's part of the charm with these old Kei cars. They're meant to be driven and enjoyed, not babied. And with only 115,300 miles on the clock, this Alto Works has plenty of life left in it.

The best part? It's being offered with no reserve. As one commenter pointed out, these are getting harder to import and register in some states, which makes finding a good example already in North America even more appealing. Whether you're 6'4" (apparently you can still fit!) or 5'4", this little Suzuki promises big smiles per gallon. It's the kind of car that'll have you taking the long way home every single time.

$50k-$100k Cars

Alright, let's talk about what many of you folks actually want to see - cars that don't require a second mortgage to buy. I've been digging into the data on "reasonably" priced vehicles sold this year. Now, "reasonable" is subjective, so let's set some boundaries. We're talking $50k to $100k here. Not exactly pocket change, but we're not in hypercar territory either.

So, what's moving in this price range? No surprises here - Porsche is dominating the list. But here's something interesting: Ferrari shows up too. Now, don't get me wrong, they're not topping any charts in this segment - only about 5% of their sales fall in this range. I didn't expect to see them here at all, to be honest. Their average sale price this year is a sky-high $165k, but clearly, there are a few "budget" Ferraris floating around out there. And by budget, I mean you might only need to sell one kidney instead of both. (being late at night, I needed to brighten up the charts with some fluorescent colors!)

Now let’s find out who is selling these cars. It’s no surprise to see BaT dominating all five Makes, but it’s interesting to see where some of the other platforms sit within these top 5 makes.

Now let’s take a deeper look at the models that have been selling in this price segment.

Once again let’s see which platforms are selling these models. Now that I see it, but it should be obvious that Collecting Cars were never gonna be the big sellers of Bronco’s or Corvette’s.

Here we break down the top 5 years for each of the top 5 models. 2012 just edged out the 911 years.

Below is the top 2012, sale with this manual Porsche 911 Carrera 4 GTS selling for $97k.

It’s not quite clear below, but the 2013 is the top selling year for this price segment so far this year.

This 2013 Mercedes-Benz SL65 AMG sold for $80,000 last month in July.

1997 was the clear top selling year for the Defender.

This iconic 1997 Land Rover Defender 90 NAS Soft Top that belonged to Doug DeMuro sold for $96,000 in March.

It’s not a surprise to see older Bronco’s performing best with 1974 coming out on top.

This Coyote-Powered 1974 Ford Bronco sold for $96,000 back in June.

1965 just about edged out the other years as the most popular sold year.

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