STEADY AS SHE GOES
January and February are the quietest months in the auction calendar, but with online auctions never stopping a solid 100 motor cars were recorded as sold in the first two months of 2024 (vs. 93 in the same period last year).
The number of cars offered has again increased, driven by Bentleys sold online. Trust in online auctions is now firmly established as an alternative to traditional classified ads. The total market value has slipped slightly from the high registered two months ago, with Rolls-Royce declining most. Bentley remains the dominant marque in volume and value, although its average value did slip somewhat in line with the online trend. The 1.6% fall in average values is connected with another large rise in project cars being sold (mostly online). About one in eight Rolls-Royces or Bentleys sold in the period were classed as projects.
