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Surprising Website Takes Top Spot With '22 Ferrari SF90 Sale

PLUS: A little deep dive into the world of 1940's cars & why this '90 Mercedes didn't sell...

The Daily Vroom

Good morning, Vroomers!

Today I wasn’t planning on doing any type of deep dive. I was going to keep it simple and give you the latest sales data and a few cars to keep your eyes on. But one conversation this morning got me thinking, and when I think I also analyze, hence the little deep dive I have going on down below.

Tomorrow the plan is to keep it simple, lets see if I can keep to my word!!

Enjoy today’s edition…

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 and many others did not sell 5 cars yesterday!

Thanksgiving week often brings an unusual rhythm to the auction world. Many platforms scale back their listings, some extend their holiday breaks, and there's typically a dip in activity as people focus on travel and family. Despite this, yesterday stood out in a rather unconventional way, which I'll dive into shortly.

Let's start with the figures. An impressive $7.2 million in car sales were recorded yesterday, surpassing the average for a Tuesday. What's particularly intriguing is that two of the top three sales originated from a platform that may be unfamiliar to many of you, yet it's a site we've been closely monitoring at The Daily Vroom for some time now. This platform, Catawiki, is not primarily known for car auctions; rather, it's celebrated as Europe's most selective marketplace, boasting higher traffic than other auction sites.

Below, in our top 5 list, you'll find the standout cars that Catawiki successfully auctioned off.

Have you heard of Catawiki?

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YESTERDAY’S TOP 5 SALES

Some might have reservations about the color choices of the top three cars, particularly numbers 1 and 3. However, I’m a big fan of them.

For a more detailed look at these auctions, simply click on the image.

1940’S SALES

Day in and day out, my focus here usually zooms in on the latest supercar prices or those nostalgic classics from the '70s. Yet, I rarely touch upon the earlier era cars. Honestly, they're not typically my thing, and I'm not quite sure if they tickle your fancy either. But, curiosity got the best of me, and I found myself diving deep into the world of 1940s car sales, starting from June 1st. My initial plan was to lump together the 1940s and 1950s models, but boy, there were just too many from the '50s to make that practical. So, I'm putting that '50s analysis on the back burner for another time.

Price Distribution

This box plot chart throws a spotlight on the price distribution of these vintage beauties by year. It's intriguing to see how the prices fluctuate over different years, with some years showing a wider range of prices, suggesting a diverse market. The median line in each box pinpoints the typical price range buyers might expect in each year. What's particularly captivating are those outlier prices – they really show the exceptional value some of these classic cars hold.

Most Popular Platforms

Our next visual journey takes us into the world of online auction platforms, showcasing where the 1940s cars are making their biggest splash. This bar chart vividly illustrates the number of cars sold on each platform, revealing the clear leaders, which again is Bring a Trailer.

One day I’ll find a Make where are they are not top!!

Average Price By Platform

Diving deeper into our analysis of the 1940s classic car market, we've crafted a bar chart that paints a revealing picture of average prices across various online auction platforms. This visualization is a goldmine for understanding where the higher-end transactions are taking place.

Our latest graph offers a dynamic look at how the prices of 1940s cars have ebbed and flowed over recent months. Each point on this line graph tells a story of the market's heartbeat, with peaks and troughs painting a vivid picture of the fluctuating demand and value. This visual captures not just the changes but also the consistency in some periods, offering a nuanced perspective on market stability and volatility.

Top Selling 1940’s Makes

Our newest chart offers a fascinating look at the most popular makes among the 1940s cars sold. This bar chart ranks the top 10 makes based on the number of cars sold, with old established brands such as Ford & Chevrolet leading the rest of the pack.

I’ve taken this one step further, so you can see out of the top 10 makes, which platforms are the biggest seller of each.

We’ve seen with our ‘regular’ deep dives into the more modern cars, that black and white are generally the far & away leaders for most popular colors sold. However here we are talking about cars from 80+ years ago and the color schemes were a little bit different. With black & green the most popular two colors.

Answers on a postcard, why green was such a popular color.

A real mix of old skool cars fill the top 10 list. My favorite is below. How can you not agree with me 😀

 

FLIP OF THE DAY

Today's "Flip of the Day" is a stunner – the 2023 Chevrolet Corvette Z06 Convertible 3LZ Z07 70th Anniversary Edition. This beauty, with an original tag of $163,360, just went for a hefty $211,000, and it's barely broken in with just 12 miles on the odometer.

It's dressed to impress in Carbon Flash Metallic, complemented by a sleek black and Ceramic White leather interior, making it a standout. But it's not all about looks; this Corvette is a powerhouse, thanks to its 5.5-liter LT6 V8, and it's kitted out with all the high-end features befitting its 70th Anniversary status.

It's a collector's gem, and the sale price reflects that. Also, I've noticed quite a few Z06s hitting the flip market lately, though most don't boast the 'rare' factor of this one.

NEARLY(ish) SALE OF THE DAY

This 1990 Mercedes-Benz 190E 2.5-16 Evolution II, a true classic that didn't meet its reserve yesterday with a high bid of $245,000. My hunch? The seller was likely shooting for something north of $300k, especially considering the last similar model went for $315k in July. That one, though, had considerably fewer miles, which probably explains the 'lower' bid this time around.

This #76 of 502 built Evolution II, with its distinctive Blue Black Metallic finish and black leather interior, is a masterpiece of German engineering and style, boasting a 2.5-liter Cosworth inline-four and a slew of top-tier features. A true gem for collectors, but it seems this one's value wasn't fully realized in this bid.

Do you think $245,000 was a fair price for this Mercedes-Benz?

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