what website is best suited to market my collector...

8
“What website is best suited to market my collector car?” This is a common question most sellers have, and the proper answer is that it depends. The majority of automotive buying today is done online, and over the phone, which is why it is imperatively that a seller markets their vehicles across the correct platforms to reach eligible buyers. Different websites each cater to a different buyer. To save time and money, sellers should just focus on the outlets that fit the buyers they are trying to reach. This guide was created to help sellers solve this issue, and figure out what website is best suited for their needs. The most commonly used websites include: Hemmings AutoTrader Cars.com The duPont Registry ClassicCars.com eBay Motors Craigslist In this guide, we will review each of these options, so sellers may be more informed when it comes time to sell their vehicle. Written by Lawrence “Mac” Moore Motorcar Marketplace Motorcarmarketplace.com [email protected] www.Motorcarmarketplace.com Motorcar Marketplace was founded by a young man with the idea that connecting collector car sellers to buyers should be easier, and more fun. We assist sellers nationwide, and hope that you share that vision with us. Please explore our services as a viable option when it comes time to sell your vehicle. If you ever have any questions about what we do, want to list your vehicle, or just talk cars, then contact us. We’re more than happy to talk at any time. Written: January 2018

Upload: others

Post on 01-Oct-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

“What website is best suited to market my collector car?”

This is a common question most sellers have, and the proper answer is that it depends. The majority of

automotive buying today is done online, and over the phone, which is why it is imperatively that a

seller markets their vehicles across the correct platforms to reach eligible buyers. Different websites

each cater to a different buyer. To save time and money, sellers should just focus on the outlets that fit

the buyers they are trying to reach.

This guide was created to help sellers solve this issue, and figure out what website is best suited for

their needs.

The most commonly used websites include:

• Hemmings

• AutoTrader

• Cars.com

• The duPont Registry

• ClassicCars.com

• eBay Motors

• Craigslist

In this guide, we will review each of these options, so sellers may be more informed when it comes

time to sell their vehicle.

Written by Lawrence “Mac” Moore

Motorcar Marketplace

Motorcarmarketplace.com

[email protected]

www.Motorcarmarketplace.com

Motorcar Marketplace was founded by a young man with the idea that connecting collector car sellers

to buyers should be easier, and more fun. We assist sellers nationwide, and hope that you share that

vision with us. Please explore our services as a viable option when it comes time to sell your vehicle. If

you ever have any questions about what we do, want to list your vehicle, or just talk cars, then contact

us. We’re more than happy to talk at any time.

Written: January 2018

Page 2: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

Hemmings

Hemmings one of the most commonly referred to resources

by collector cars buyers.

Listing options: All listing options include a spot in both

their website and monthly magazine.

• Deluxe $99

o Online: 6-month run time

▪ 35 photos & 1 video

o Print: 1-month ad

▪ 1/16th page

▪ 1 photo & 35 words

• Premium $150

o Online: 6-month run time

▪ 50 photos & 1 video

o Print: 1-month ad

▪ 1/6th page

▪ Multi-photo option & 75 words

• $5,000 value package $50 (must price vehicle at $5,000 or less)

o Online: 3-month run time

▪ 25 photos

o Print: 1-month ad

▪ 28 words & no photo

Pros:

• Reaches perhaps the largest collector car buying audience

• Known to be the source for both classic and modern collector cars

• Very user-friendly and allows for detailed photographs as well as lengthy descriptions

Cons:

• Listing could possibly become saturated/overlooked for some vehicles with the number of

other listings for the same vehicle

• Some models have very specific sub-categories that could go unseen to some buyers (Ex:

Porsche 911 vs Carrera)

• Print ad is essentially useless in today’s internet driven world

Hemmings Motor News was founded in 1954

and has since grown to become the most

widely recognized name in the world of

collector-car sales. Currently, over 30,000

vehicles are listed for sale on Hemming’s. Most

of which are true collector cars.

Vehicles suited for Hemmings

• BMW 2002

• Porsche 911

• American 4x4s & Trucks

• Vintage Racecars

• Alfa Romeo Spider

• Vintage & Modern

Sportscars

• Some supercars

Summary: Hemmings is an excellent website for collector car sellers, and is perhaps the best avenue when it

comes to buyers seeing your vehicle. With an advertisement format that is clear and concise, buyers are not

confused and know what to expect when studying your vehicle for sale. Suitable for both vintage and

modern collector cars, Hemmings is a website that should be taken seriously by nearly every seller.

Page 3: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

Autotrader & Cars.com

Autotrader & Cars.com are well known and probably

the most commonly used websites by dealers of more

“average” cars, but can be the right option for some

sellers.

Listing options: Both Autotrader & Cars.com offer

numerous listing options, but here I will only list the options

that make the most sense.

Autotrader

• Deluxe package ($75)

o Run ad until vehicle sells

o 18 photos

Cars.com

• Premium package ($49)

o 150 day run time

o 15 photos

o Free CARFAX report (1981 or newer vehicles)

Pros:

• Well known to the common buyer

• Extremely user-friendly website for prospective buyers

• Each allow for an articulate description and clear photographs

so your vehicle may be properly represented

Cons:

• Not an ideal outlet when selling a classic

• Can become cluttered with other ads of the same vehicle

• Known more as a destination for dealers and not private

sellers

Autotrader & Cars.com are direct

competitors, and offer basically the same

service. Each have clear, easy to

understand advertisements. More than

likely, your local Ford dealer advertises

with them.

Vehicles suited for Autotrader &

Cars.com:

• Modern sportscars

o BMW M4

o Audi RS6

o Porsche Panamara

• Performance SUVs

o BMW X5M

o Porsche Cayenne

Turbo

• Ford Raptor

• Possibly vintage 4x4s

Summary: Autotrader & Cars.com can each be good outlets to advertise on, when used properly and for the right

car. A classic Porsche 911 should not be listed on here simply because enthusiasts will not be looking there.

However, for something like a BMW M4 for even an Audi TTRS, the Autotrader or Cars.com route may be the

most appropriate when attracting quality buyers.

Page 4: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

duPont Registry

duPont Registry is perhaps the most lavish name

in luxury and exotic offerings for sale. The registry

specializes in automobiles, but also markets luxury

homes, yachts, and other goods. Most supercar

and high-end luxury car dealers use them. Their

competitor is James Edition and they also offer

many high end cars to sell.

Listing Options: duPont Registry has three listing options to choose

from, ranging from $99 to $249. In extremely rare circumstances

should one choose their most expensive option.

• Gold $99

o 99-day ad run time

o 10 photos

• Platinum $149

o 180-day ad run time

o 30 photos & video

o Elite placement

• Black $249

o Year long ad

o 40 photos & video

o Premium listing

Pros:

• Known for their luxury and high-end advertisements

• Reaches a global audience

• Markets to eligible buyers who have the means to

purchase expensive products

Cons:

• Expensive to list with, pricier than Hemmings

• Not just focused on automobiles as they advertise other products

• Can be overlooked by some potential buyers

“duPont Publishing, Inc., founded in 1984 and headquartered in St. Petersburg, Florida, publishes five luxury lifestyle titles that reach individuals whose net worth significantly exceeds what is traditionally considered upscale.” Taken from their “about us” page

Vehicles suited for duPont Registry:

• High-end, late model luxury cars

o Bentley Bentayga

o Rolls Royce Wraith

• High-end super cars

o Ferrari 458 Speciale

o Lamborghini Aventador SV

• High-end classics

o 1960s Ferrari vehicles

o Jaguar D type

Summary: duPont Registry is a fantastic listing outlet for very high-end vehicles. For buyers who want vehicles that

are new, duPont Registry is more fitting for them than an enthusiast based website like Hemmings. Ideally they are a

good service for sellers who may have purchased a vehicle like a new Rolls Royce Wraith but want to upgrade after

not too long and need to sell.

Page 5: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

ClassicCars.com

ClassicCars.com is an online listing service that

specializes in muscle cars, but also has other collector

cars for sale.

Listing options: ClassicCars.com is unlike most websites in that they

only offer one option to list vehicles. Average length to sale is 30

days.

• Standard listing $100

o Listed until vehicle sells

o 100 photos & 1 video

o “Safe-n-Secure” Technology to protect sellers and

buyers

Pros:

• Specialize in muscle cars and trucks

• Reach a vast audience

• Listing service is very reasonably priced and allows for

detailed ads

Cons:

• Even though it is specialized, vehicles like the Ford Mustang could become lost in the mix with

the amount of them for sale

• Not the best website option to advertise European vehicles on

• Only one listing choice means that it could be tougher to stand out amongst other listings

Founded in 2002, ClassicCars.com

attracts 3 million visitors a month, and

has 30,000 vehicles for sale. A direct

competitor to Hemmings, especially in

the muscle car market.

Vehicles suited for ClassicCars.com:

• Ford Mustang

• Chevrolet Camaro

• Chevrolet Bel-Air

• Ford Bronco

• Pontiac GTO

• American hot-rods

Summary: For the purpose of selling a muscle car, American classic, or vintage 4x4, ClassicCars.com is a great

outlet. While they do have some Porsches and Ferrari vehicles for sale on their site, it is not specialized for them

like Hemmings is. ClassicCars.com also has a very simple method of listing a vehicle for sale with their one listing

option.

Page 6: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

eBay Motors

eBay Motors is the automotive branch of eBay, and is a

well checked resource by automotive enthusiasts. They

have a vast selection of automobiles, and unique

vehicles garner a lot of attention on the site.

Listing options: Listing a vehicle on eBay Motors is rather

simple. There is just one way to list the vehicle, and it is

free. Once the vehicle sells, however, is when eBay takes a

cut. If the vehicle sells for $2,000 or less, then eBay will take

$60, if the vehicle sells for over $2,000 then eBay will

garner $125.

• Standard listing: $60 or $125

o 24 photos

o Auction or Fixed Price format

▪ “Buy it Now” is available

Pros:

• Extremely well known in the automotive world, and

checked religiously by many

• Auction-style listings weed out tire kickers and attract

serious buyers more quickly

• A good listing option for practically any vehicle

Cons:

• First-time buyers are usually weary of buying through an online auction

• Potential buyers may not check eBay Motors while your listing is posted

• Has a previous bad reputation from scammers

eBay Motors launched in April of 2000 to

expand business operations. Since then

they have become a very trusted source

in the world of buying and selling

automobiles for both dealers and

individuals.

Vehicles suited for eBay Motors:

• Unique hatchbacks/wagons

• Vehicles where seller needs to

sell quickly

• Baur BMWs

• BMW 2002

• Series 2 Alfa Romeo Spider

• Vintage VW Van

• Porsche 911

Summary: If you need to sell your collector car quickly, or just have an oddball of a vehicle, then eBay

Motors may be your best bet. Their pay only when it sells model is also advantageous to sellers who want

to place a reserve price on their vehicle. I do recommend using eBay motors for practically any collector

car, as they don’t particularly specialize in an individual make or style.

Page 7: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

Craigslist

Craigslist needs little to no introduction. The

notorious website can sometimes be a good

resource for collector car sales… sometimes.

Listing option: as a private seller, Craigslist is free to advertise on

• Standard listing

o 24 photos

o Outreach to community

o Free

Pros:

• Free to list and sell your vehicle on

• Checked religiously by enthusiasts

• Good resource to find a local buyer in order to not deal

with shipping

Cons:

• Buyers are often concerned with fake listings on Craigslist

• Sellers need to also worry that buyers are legitimate

• Limited market reach

Craigslist was founded by Craig Newmark

in 1995, and today garners over 60

million users each month. There are over

700 local Craigslist sites in 70 countries.

Vehicles suitable for Craigslist:

• Vehicles in rougher condition

• BMW 2002

• Your neighbor’s Civic

• Vintage trucks

Summary: Craigslist is a website checked by hardcore automotive enthusiasts pretty regularly, but should

almost never be your only outlet to market when trying to sell your collector car. Lots of interesting vehicles

can be found on there though, and it should be a resource used by sellers when a more national outreach

listing is also made. Craigslist also suffers from a poor reputation due to previous scammers using the website.

Page 8: What website is best suited to market my collector car?motorcarmarketplace.com/wp-content/uploads/2017/07/... · 2018. 1. 7. · o Bentley Bentayga o Rolls Royce Wraith • High-end

I hope you’ve enjoyed this guide, and learned something from it. If you would like to further explore

the possibility of selling your collector car, please don’t hesitate to contact me. I’m more than happy

to assist you in any of your collector car sales needs.

Thank you,

-Lawrence “Mac” Moore

Founder of Motorcar Marketplace