As the numbers in Arizona go, so goes the collector car market – at least that is what conventional wisdom says. And for many observers, the 2016 Arizona auction numbers marked a shift. After all, year-over-year totals declined for the first time since 2010. As we noted in the wake of January, there were many factors at play, including fewer top-quality cars and a dearth of ultra-expensive offerings. Cars valued above $2.5M account for a meager 0.2% of the cars sold at auction but represent a full 20% of the gross dollar value. Meaning that just a few misses on those types of cars can wildly swing perception.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2016/03/09/market-confidence