CLASSIC.COM - 2022 Year in Review

Yet another awesome, record-breaking year for classic and exotic cars sold through auction! $4.3B in sales, compared to $2.9B in 2021. If you’d prefer to keep things cheery, stop reading now and go back to your eggnog.

It was a great year for sure. But what these broad numbers don’t show, is that in the second half of 2022 we started to experience a shift. Along with the rest of the world, the economic realities of inflation and geo-political issues have slowed the explosive growth we had been experiencing, and the market is seeing signs of stabilization.

Let’s take a look at the overall numbers:

Cars Sold at Classic Car Auctions, 2022 by month

While the major live auction events clearly drive Dollar Volume, it's the online auctions that drive the count of listings sold every month. The consistency of online auctions has changed the market for classic and exotic car buyers and sellers over the past few years – creating opportunity to buy/sell cars throughout the year, instead of limited to live event sales.