Classic-car auctions hit a speed bump. An upstart raced to the front of the pack

Subscribe for your daily dose of unconventional business news 🚀

Please provide a valid email address.

BringaTrailer.com crossed the starting line in classic-car auctions almost 6 years ago, listing all of 3 rides. Today, the site known as “BaT” boasts 2m monthly visitors and 100k registered bidders.

Classic-car auctions hit a speed bump. An upstart raced to the front of the pack

How did BaT go bananas? It burned rubber and made a few sharp turns.

Meanwhile, old-school auctions sputtered in neutral

At Arizona Auction Week, one of the industry’s major events, sales were down 3% from last year. Experts say sales have stalled because too many players flooded the market’s engine. (Dang rookie drivers…)

Bring a Trailer is waving to the suckers in the slow lane:

  • Sales hit more than $230m last year — a $41% jump over 2018.
  • The site listed some 11k cars, with a sell-through rate of 70%.

BaT relies on strict quality control, top-notch listings, and a staff that knows its stuff. One worker discovered that a version of an Austin Mini auctioned on the site for $230k had once been presented to Queen Elizabeth.

And BaT’s got something rarer than rides fit for royalty…

…a comments section that’s actually… good! The car-crazed commentariat’s boffo backseat banter convinced BaT to host barbecues for the most prolific yakkers.

Get the 5-minute news brief keeping 2.5M+ innovators in the loop. Always free. 100% fresh. No bullsh*t.

Please provide a valid email address.

We're committed to your privacy. HubSpot uses the information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time. For more information, check out our privacy policy.

This form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.