Historically, the annual Arizona auctions have been scrutinized and examined as a bellwether for what the market will do during the next 6 to 12 months. And for good reason — somewhere in the neighborhood of 15% of cars sold at auction each year appear in Scottsdale or Phoenix in January. Those looking for evidence of a cooling trend this year will either have to dig deep into the results or wait for the next major event, as 2014’s totals far surpassed 2013’s record amount. In the end, $248.5M worth of cars traded among the 6 auction houses — more than a 10% increase — with Barrett-Jackson, RM Auctions and Bonhams all recording their highest-ever totals in Arizona. Yes, more cars were required to achieve this feat, but the average sale price for all cars sold this year was still more than 7% higher than last.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2014/01/22/arizona-2014