YOUNGSVILLE, N.C. — Raleigh Classic Car Auctions’ spring sale was held May 6-7 at the Capital Auto Auction complex located north of Wake Forest in Youngsville.
As always, the event was well attended, professionally staged and featured many low-mileage originals. The buyers, as a group, were tight-fisted and selective about the cars they bid up to within striking range of their respective reserves. Consequently, the sell-through rate was lower than previous auctions.
We counted 330 cars actively bid on, with 155 reported sold. The sell-through rate for this auction came in at 47 percent. The auction company
