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Letchworth sale majors on affordable classics

Friday, 17 March 2023 at 10:15:00 UTC


Al Suttie

First classic sale of 2023 exceeds estimates for LMA

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Letchworth Motor Auctions (LMA) enjoyed strong prices at its first classic car sale of 2023. Among the lots exceeding their estimates was a 1985 Renault 5 GTL that made £5450 against an estimate of £3500-£4500.

With a catalogue full of more affordable modern classics, LMA sold 60% of lots at this auction.

Other cars to perform well included a Saab 900S Aero Turbo with an estimate of £1000-£2000 that sold for £3924.

LMA’s Managing Director Simon Morgan said: ‘We were very pleased to offer such a strong variety of classics in our March sale, with 60% of the cars offered finding new owners. We would have liked that number to be higher, of course, but set against a backdrop of continuing economic challenges, we remain happy with the results. As financial pressures ease, we’re confident we can look forward to even stronger sales.’

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