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 Hagerty, PCarMarket, Hemmings and many others did not sell 5 cars yesterday!

Sales have stagnated the last few days, settling at 'just' $5.5 million for the day, which raises the question of whether this is an off day or the new normal? The more established 'second-tier' platforms like Hemmings and Hagerty have not managed to log even five sales, suggesting a point of reflection for these brands. They might need to reassess their market strategy and determine whether a model of selling only one or two cars a day is viable for their business.

Despite today's lower figures, I'm optimistic about the coming days. With several big auctions drawing to a close, I expect sales to rebound, potentially surpassing $6+ million tomorrow and Thursday. In particular, Collecting Cars is showing a robust lineup with numerous auctions ending, which may indicate a strategic pivot for them, embracing a more dynamic auction schedule as their standard operating procedure.

Click on the image to be taken directly to the listing.

2023 Jeep Wrangler Rubicon 392 AEV JL370 4x4

In a market where new becomes old in the blink of an eye, snagging a barely driven 2023 Jeep Wrangler Rubicon 392 AEV JL370 4x4 for $97k is nothing short of a coup. Here's why this purchase is a stroke of genius: with less than 800 miles on the clock and a meaty 6.4L V8 under the hood, this Wrangler isn't just a vehicle, it's an adventure on wheels – and it's packed with numerous off-road modifications and high-end equipment.

🌟 Why It's a Steal 🌟

• MSRP Advantage: With an MSRP of $114k, the buyer has saved a significant chunk right off the bat. That's not pocket change; that's a whole other adventure budget!

• AEV Add-Ons: The AEV JL370 package is a treasure trove of upgrades, from the suspension system to the 37-inch tires and winch. It's like getting a tailor-made suit; it just fits right.

• Scarce Availability: While others are waiting to get their hands on the 2024 model, which comes with a heftier price tag, this savvy buyer has bypassed the wait and the wallet wince.

• Power and Prowess: With the 6.4L V8 power, this beast doesn't just purr; it roars. And with fewer than 800 miles, it's just warming up.

In Summary:

At $97k, it's a phenomenal purchase that combines the thrill of immediate possession with the satisfaction of a savvy investment – especially considering the zero availability and price spike of upcoming models. For the buyer, it's clear – they've not just bought a car; they've claimed a victory.​

In yesterday's poll, you overwhelmingly voiced your interest for an in-depth look at last month's Mustang sales. Well, you asked for it, and I'm here to deliver.

Here’s the lowdown on what’s been happening with our favorite pony cars.

Model Spotlight: A Tale of Timeless Classics From the sleek lines of the '67 Fastbacks to the muscular aura of the '69 Boss 429, the variety of Mustang models on the block was as diverse as their storied pasts. What's intriguing is the shifting prices over the past two months. In September, we noticed a spirited bidding war, driving up the average prices. Come October, the pace settled, and average prices reflected this with a subtle cooldown. This pattern is a classic reminder that while Mustangs always have their day, their value does fluctuate with the seasons.

Auction Arena: Where the Mustangs Roam Our beloved Mustangs found homes across various online platforms, with Bring a Trailer leading the charge both in the number of sales and in securing premium prices. This indicates a strong trust in the platform and its ability to attract serious collectors willing to pay top dollar for top-quality Mustangs.

As an extra piece of information not shared in the above chart, the sell-through rate for Mustangs on Bring a Trailer is 69%, closely mirroring the site's average for all vehicle transactions.

Sales Stampede: The Numbers Never Lie Taking a day-by-day look at the sales, it's clear that the Mustang market doesn't sleep. While some days saw a parade of sales, others were more subdued. The rhythm of the market had its own beat, but rather than a predictable pattern, it reminded us of the Mustang itself — always ready for a surprise sprint!

For those with a keen eye for detail, the chart above indeed showcases the top 8 Mustangs that found new homes in the past two months.

Which Mustangs are currently making waves in the market? The graphic above provides a snapshot of the various model years that have changed hands in the last 2 months.

I've delved deeper to present the top 10 Mustang model years sold, with an added twist: each bar is segmented by the percentage sold on different platforms, color-coded for clear differentiation..

The past couple of months have proven to be quite eventful for collectors of the iconic 1965 Ford Mustang. These cars have consistently attracted attention, underscoring their enduring appeal and solidifying their status in the classic car market. 📈

For instance, a particularly noteworthy sale was that of a 1965 Ford Mustang Fastback modified for road and racing, which commanded a price of $110,600. This is a testament to the versatility and lasting popularity of the Mustang design, appealing to both enthusiasts and competitive drivers alike. 🏎️

Another notable transaction featured a well-maintained 1965 Ford Mustang Fastback 289, which sold for $74,000. Sales like these indicate a stable interest in well-preserved and classic Mustang models, reflecting their appeal to a broad range of collectors. 🚗

The trend for 1965 Mustangs is clearly positive, with a steady demand and appreciation for these vehicles. Whether it's the historical significance, the allure of their classic lines, or the performance that has been celebrated for decades, the '65 Mustang remains a sought-after year for enthusiasts and collectors. 👍

Examining the statistics, it's clear that the sales of Mustangs from the years 1966, 1967, 1968, and 1969 are not that far behind ‘65 sales & remain strong, demonstrating that these classic cars, despite being over half a century old, continue to be highly sought after.

The chart displaying the most popular day of the week for Mustang sales offers a bit of amusement, yet it also reveals a trend that might typically go unnoticed. Intriguingly, Thursday emerges as the day when the highest number of Mustangs are sold.