ALT/FNDATA · Market Report
Q2 2025 Report: The Collector & Exotic Car Market
Auction-realized prices and the public-market backdrop
A softer spring against a strong comparison: collector-car value fell year over year on a quieter calendar and a lighter top of the market, even as the listed makers diverged, Ferrari resilient while Porsche and the mass makers absorbed the tariff.
The headline
The correction in three numbers
$255.7M
Q2 2025 auction value
Across 5,945 sold lots; −36% gross and −31% like-for-like on a strong 2024
$4.46M
Top lot: Lamborghini Miura SV
At RM Sotheby's; the road-car high in a quieter spring
−31%
Like-for-like value, YoY
$255.7M vs $371.9M at the houses tracked in both quarters
Auction-realized prices: what collector cars actually sold for at the hammer, not asking prices. · 10M+ auction results · 100+ houses.
Key findings
What the quarter told us
- A softer spring: Q2 2025 cleared $255.7M across 5,945 sold lots, down approximately 36% in gross value and 31% on a like-for-like basis against a strong second quarter of 2024. The decline was a tough comparison and a quieter top of the market rather than a structural break.
- May was the quarter, roughly $133M of the $256M, as the spring marquee sales drove most of the value; April ($97M) and June ($26M) bracketed it.
- The road-car top was lighter. A Lamborghini Miura SV led ALT/FNDATA's coverage at $4.46M, with a LaFerrari ($3.85M) and a Ferrari F40 ($3.19M) following, against an $8.3M high a year earlier.
- Mecum led on both volume and value, clearing $142M across 2,802 lots, with Barrett-Jackson ($39M) and RM Sotheby's ($28M) following.
- Ferrari again concentrated the capital ($25M across 151 lots), with Chevrolet (1,249 lots, $67M) and Ford (923, $38M) supplying the volume.
- The listed makers diverged. Ferrari shares rose roughly 6% in the quarter, having offset US tariffs with price increases, while Porsche fell about 9% and Stellantis posted a first-half net loss; the collector market sat apart from all of them, softer on a calendar comparison.
Year-over-year
Q2 2024 vs. Q2 2025
Q2 2024 vs. Q2 2025: sold collector-car lots at auction (like-for-like = the 18 houses that cleared lots in both quarters)
| Metric | Q2 2024 | Q2 2025 | Change |
|---|---|---|---|
| Sold auction lots | 6,385 | 5,945 | −7% |
| Total value (USD) | $401.9M | $255.7M | −36% |
| Like-for-like value | $371.9M | $255.7M | −31% |
| Top marquee lot | $8.3M | $4.46M | −46% |
The divergence
A mixed spring: collector-car value fell about 31% on a like-for-like basis against a strong Q2 2024, while the listed makers diverged, Ferrari up 6% on tariff-resilient pricing and Porsche down 9%. The quarter was a tough comparison rather than a structural decline.
Source: Yahoo Finance closing prices (31 Mar 2025 to 30 Jun 2025); ALT/FNDATA auction value.
The outlook
Three trends that will define the year
A tough comparison, not a break
The quarter's 31% like-for-like decline measured against an unusually strong Q2 2024. The spring calendar is lighter than January's Scottsdale season, and 2025's simply lacked a marquee headline lot, rather than signaling a structural retreat.
Scarcity still sets the ceiling
Even in a quieter quarter the top went to finite, historic machinery, a Miura SV, a LaFerrari, an F40. The capital remained Italian and concentrated, the volume American and broad.
The makers diverged
Ferrari shares rose on tariff-resilient pricing while Porsche and the mass makers absorbed the tariff and a first-half loss at Stellantis. The collector market traded apart from all of them, on its own seasonal logic.
“A quieter spring measured against a strong 2024: the collector market softened on the calendar while the listed makers diverged, Ferrari resilient even as the broad auto sector absorbed the tariff.”
Members only
Read the full report
The headline data above is free to cite. The full report is part of ALT/FNDATA Membership, which includes every quarterly market report and the Visual Analytics Hub. Inside this report:
- The full month-by-month breakdown (the spring sales calendar)
- Showroom vs. saleroom: the automaker backdrop in Q2 2025
- Marque analysis: where the volume and the capital actually went
- Methodology and how to cite the data
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Source: ALT/FNDATA, “Q2 2025 Report: The Collector & Exotic Car Market” (June 2026). Based on auction-realized prices for collector and exotic cars cleared at the auction houses ALT/FNDATA tracks, with public-market context from Q2 2025 automaker performance. © 2026 ALT/FNDATA · altfndata.com/reports/collector-car-market-report-q2-2025