Broad Arrow Auctions Marks Over $108 Million in Sales During Second Year

Grosse Pointe, Michigan, Dec. 20, 2023 - Broad Arrow Auctions, a subsidiary of the esteemed Hagerty group HGTY, has reported a remarkable outcome in its second fiscal year. The firm, which specializes in the trading of collector cars, has successfully conducted sales amounting to an impressive $108.5 million. This notable figure was generated through three primary channels - live auction events, private treaty sales, and bespoke financing solutions tailored for passionate car collectors and enthusiasts.

Impressive Growth in the Collector Car Market

The collector car industry has witnessed significant growth and Broad Arrow Auctions has been at the forefront, facilitating transactions for rare and coveted vehicles. The company's ability to cater to a niche market with expertise and providing a platform for both buyers and sellers has led to their successful $108.5 million sales figure which is a testament to their robust auction and sales strategy.

A Diverse Portfolio of Services

Beyond just auction services, Broad Arrow Auctions provides a comprehensive range of offerings to its clientele. These include private sales facilitation, which offers a more discreet method of transaction for those who prefer not to participate in public auctions, as well as specialized financing services that support clients in securing their dream collector cars. Their bespoke financial solutions are designed to accommodate the unique nature of investing in vehicles of this calibre, thereby underscoring the company's adaptability and client-focused approach within the collector car market arena.

Growth, Finance, Auctions