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Broad Arrow Delivers 75% Year-Over-Year Growth in 2024 with $316 Million in Transactions Across Auctions, Private Sales, and Financing


Published on 2024-12-18 14:20:56 - manilatimes
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  • The 1997 Porsche 911 GT1 Rennversion, Broad Arrow's top auction sale of 2024, pictured on the block at the company's Monterey Jet Center Auction (Credit - Kayden Nelson / Courtesy of Broad Arrow Auctions) 86 cars sold via private sale transactions, totaling more than $67 million Underwrote approximately $84 million in new financing transactions

Broad Arrow Group, a leading auction house specializing in collector cars, reported a significant 75% year-over-year growth in 2024, with total transactions amounting to $316 million. This growth was driven by a combination of auctions, private sales, and financing services. The company successfully conducted auctions in various locations, including Monterey, Amelia Island, and Las Vegas, with highlights including the sale of a 1967 Ford GT40 Mk I Road Coupe for $4.4 million. Additionally, Broad Arrow expanded its private sales division, which saw a 100% increase in transactions, and its financing arm, Broad Arrow Capital, which provided over $20 million in loans. The company's strategic focus on enhancing its digital platform and expanding its global reach has been pivotal in achieving these results, positioning Broad Arrow as a key player in the luxury automotive market.

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[ https://www.manilatimes.net/2024/12/19/tmt-newswire/globenewswire/broad-arrow-delivers-75-year-over-year-growth-in-2024-with-316-million-in-transactions-across-auctions-private-sales-and-financing/2024357 ]
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