Monterey Auctions Continue to Slide After 2014 Classic Car Peak
The auctions that are considered the bellwether for the vintage car market continue to slip.
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Auction values of blue-chip cars are down.
After four days of sales during the Pebble Beach Concours d’Elegance weekend, and its related events, the world’s most esteemed auto auction houses reported $344.9 million worth sold of cars, trucks, and motorcycles. That’s down 13.1 percent from last year’s $396.8 million total and down 13.8 percent from 2014’s peak of $400 million in sales.