How Big Is The Auto Auction Business - It"s Big And Then There Is The Niche Auctions
Not long ago, I was talking to an acquaintance of mine who had noted that the classic car market has been rather strong in 2012, and he expected it to continue into 2013.
Interestingly enough, we are already noticing that his predictions and observations are matched by empirical evidence in the marketplace.
We see this as evidence in niche auto auctions for antique, unique, and classic cars.
Okay so, let's talk about all this for and shall we? There was an interesting article on MSNBC Business News recently on January 22, 2013 titled; "Scottsdale Car Auctions Fetch $223.
8 million - Several classic car segments are expected to climb in value; even a 1969 Ford Bronco hits half a million," by Clifford Atiyeh.
The article stated; "Compared with last year's Scottsdale auctions, total sales increased by nearly 22%, only the Monterey auctions in Pebble Beach CA were higher, at a record $260 million in August.
In total, 2,234 of the 2,699 cars were sold; the average $100,000 sale price.
" Yes, the biggest classic car auto auction in Scottsdale is the Barrett-Jackson Auto Auction, and it is so popular that the Discovery TV has a channel which covers the whole thing.
As a former franchisor founder in the automotive cleaning and detailing industry, we certainly had our share of auto auction detailing and washing gigs.
When the economy was doing well during growth periods, we found more business there than in other sectors and niches in the auto industry.
It is rather interesting that although our economy currently in the United States is not batting a thousand, the classic car segment is doing well, and these cars at the auto auction are commanding rather high price tags, certainly not seen in at least five years.
Why is this you ask? Well, there seems to be some pent-up energy and with many years dragging on the classic car market things are starting to come to fruition, and the market is heating up again.
One can only wonder what will happen as the economy does recover fully, and when that money is flowing again exactly how high the classic car auto actions will go.
The sky is the limit if we look at what's happening today, and although we are talking about today's money, not tomorrow's money when there is a bit of inflation, you can see that anyone who had invested during the downturn in antique or classic cars is certainly going to realize some hefty profits in the near future.
Indeed I hope you will please consider all this and think on it.
Interestingly enough, we are already noticing that his predictions and observations are matched by empirical evidence in the marketplace.
We see this as evidence in niche auto auctions for antique, unique, and classic cars.
Okay so, let's talk about all this for and shall we? There was an interesting article on MSNBC Business News recently on January 22, 2013 titled; "Scottsdale Car Auctions Fetch $223.
8 million - Several classic car segments are expected to climb in value; even a 1969 Ford Bronco hits half a million," by Clifford Atiyeh.
The article stated; "Compared with last year's Scottsdale auctions, total sales increased by nearly 22%, only the Monterey auctions in Pebble Beach CA were higher, at a record $260 million in August.
In total, 2,234 of the 2,699 cars were sold; the average $100,000 sale price.
" Yes, the biggest classic car auto auction in Scottsdale is the Barrett-Jackson Auto Auction, and it is so popular that the Discovery TV has a channel which covers the whole thing.
As a former franchisor founder in the automotive cleaning and detailing industry, we certainly had our share of auto auction detailing and washing gigs.
When the economy was doing well during growth periods, we found more business there than in other sectors and niches in the auto industry.
It is rather interesting that although our economy currently in the United States is not batting a thousand, the classic car segment is doing well, and these cars at the auto auction are commanding rather high price tags, certainly not seen in at least five years.
Why is this you ask? Well, there seems to be some pent-up energy and with many years dragging on the classic car market things are starting to come to fruition, and the market is heating up again.
One can only wonder what will happen as the economy does recover fully, and when that money is flowing again exactly how high the classic car auto actions will go.
The sky is the limit if we look at what's happening today, and although we are talking about today's money, not tomorrow's money when there is a bit of inflation, you can see that anyone who had invested during the downturn in antique or classic cars is certainly going to realize some hefty profits in the near future.
Indeed I hope you will please consider all this and think on it.