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"content": "Summary of Classic car sales stall in Monterey auctions as new generation takes charge\nnostr:nevent1qqsfv9cgpcuq0w7key5hp23kmks74f3rgkfmgzz3q8sfd0rpxe92yxgzyzuy7cfuzv85e5cke9vnh7gzf6mz0rkpx7hepmljsqehz27a5pxw6qcyqqqqqqgpzsu3v\n\nAuction sales during Monterey Car Week fell 3% from last year, with a shift from older to newer cars leading to a pileup of unsold classic cars from the 1950s and 1960s. The average sale price was $476,965, down slightly from last year. Experts say wealthy collectors are still confident and have plenty of money to spend, but are looking for different types of cars, such as those from the 1980s, 1990s, and 2000s. The sell-through rate for pre-1981 cars priced at $1 million or more was an anemic 52%, while the rate for cars less than 4 years old was a stronger 73%.",
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