A Statista DossierPlus on the status quo of the classic car market
Two sales channels were examined: auctions and online marketplaces. As it attracts high-end buyers, auctions host the highest-priced transactions. The highest sales price for a classic car ever recorded reached 48.5 million U.S. dollars (1962 Ferrari 250 GTO) at an auction in 2018. However, most classic cars are much cheaper and are sold in online marketplaces, among others. The largest difference between average prices between classic cars sold at auctions and online marketplaces among the core markets analyzed is in the United States, where cars are sold for more than 200,000 U.S. dollars at auctions and for 41,000 U.S. dollars on online marketplaces.
To analyze the respective classic car markets, more than 116,000 classic car ads from the most important online car marketplaces and auctions of each country were gathered initially.
First, the DossierPlus introduces the market by describing the current state of the global classic car market and by clarifying the basic terminology and the categorizations used in the study. Afterward, the DossierPlus gives an overview of the global market with revenue forecasts, average prices of both auctions and online marketplaces, and car brand presence, among others. Finally, the study examines each core market individually.