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Thread: Price trend

  1. #1
    John Herrell Guest

    Default Price trend

    (Seems like the most appropriate place for this.) In looking at yearly trend, it appears that the value seriously tanked in 2009 (hardly a surprise) and has taken a significant upward bounce this year. Any observations on whether this is the trend? (I wasn't in the market last year but it looks like maybe I should have been.) TIA

  2. #2
    Peter Baumgardt Guest

    Default

    You can see the value change over time on Hagerty's price guide report.
    https://www.hagerty.com/valuationtoo...port?vbe=36900
    As you see, good cars are not getting cheaper.

  3. #3
    PaulB Guest

    Default

    Hagerty always seems very high to me. My cynical view is their business is insurance so if they can get you to think you car is worth more, they are more likely to get you to buy insurance and more of it.

    A resource I use often is http://collectorcarpricetracker.com I recommend any car guy get an account. Its free

    You have to be careful though as some cars shown as sold, are actually not sold. I know when I was looking at one I had seen these as comps.

    http://media.collectorcarpricetracke...0916277710.pdf

    http://media.collectorcarpricetracke...1060847665.pdf

    http://media.collectorcarpricetracke...1287818213.pdf

    http://media.collectorcarpricetracke...1008956441.pdf

    http://media.collectorcarpricetracke...1454636767.pdf

    http://media.collectorcarpricetracke...1241072127.pdf

    I would still like to pick one up but am not in a rush.

  4. #4
    PaulB Guest

    Default

    Oh and at the site they host all the photos and descriptions from the auction. These are not shown in the sale pdf links.

  5. #5
    Peter Baumgardt Guest

    Default

    Paul, maybe you're right and Hagerty has an interest in high prices.But I follow auctions in the US since four years and noticed that the prices for good cars are very often in the Hagerty-range, especially cars which are rated in the condition 2 field. It is a little bit different with cars in condition 3 or 4, here the prices vary a lot.
    The collector car price tracker shows much lower figures, but when you see the Lincoln Continental 56 and 57 comparison you will notice that within the last year (since July 14) there were two sales of 56 and two sales of 57 with an average of $17,500. When you search for Continental Mark II you'll find no sale but "current market prices" between $41,000 for fair and $43,000 for excellent vehicles. That is ridiculous and most notably statistically without significance.
    But when you mistrust Hagerty, try NADA even if they have a certain pseudo-exactness.

  6. #6
    Join Date
    Aug 2009
    Location
    Rosthern, Saskatchewan, Canada
    Posts
    984

    Default

    And $41-$43 is a joke for what they cost to restore! This price should be higher for what these cars actually are. They are certainly not a Ford Chev or Dodge

  7. #7
    PaulB Guest

    Default

    Hi Peter,

    Hagerty is no help pricing cars that are rough or non runners. Their lowest rank, condition 4 is actually pretty good. "#4 cars are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the fender has a minor dent. The interior could have split seams or a cracked dash. No major parts are missing".

    There is no 5 and 6 category and that is the sort of car I like and research.

    NADA also has this issue from what I see with their lowest being "Low Retail Value -This vehicle would be in mechanically functional condition, needing only minor reconditioning. The exterior paint, trim and interior would show normal wear, needing only minor reconditioning. May also be a deteriorated restoration or a very poor amateur restoration. Most usable ‘as-is’. This value does not represent a ‘parts car’. Note: Some of the vehicles in this publication could be considered ‘Daily Drivers’ and are not valued as a classic vehicle. When determining a value for a daily driver, it is recommended that the subscriber use the low retail value. "

    That is where the collector car price tracker really helps finding comps. They track EBay sales which is a better place to find drivers or other cars to work on.

    The thing about a non runner is you have to expect and price in problems even if it was fine when parked long ago. I have had these start and run seemingly fine with little work then absolutely fall apart shortly thereafter with big engine and transmission problems. I would do whatever I could to get a non runner properly serviced and running before I sold. I enjoy this part of collecting and do it with my teen son and generally do a car a year.

    Similar cars in some ways are the Imperials and the Studebaker Avantis. Imperials with build quality and the 62-63 Avantis with a design and rarity.

    Sorry if I took the thread off on a tangent. My initial point I intended to make is I have found the collector car price tracker useful and wanted to share what I saw as a good resource if others didn't already know about it. It is especially useful when market pricing non daily driver type cars.

  8. #8
    Join Date
    Jan 2015
    Location
    New York, NY
    Posts
    168

    Default

    OCPG has Mark II values from 1 to 6: $3,600, $10,800, $18,000, $40,500, $63,000, $90,000.

    The 57 Eldorado Seville from 1 to 6 is: $2,120, $6,360, $10,600, $23,850, $37,100, $53,000 interesting in that it is the same as the 4 door Fleetwood 60 Special.

    The 58 Seville is valued 10% less than the 57 in OCPG

    The Seville is a 2 door coupe like the Mark II
    William Otterson
    C56R3756

  9. #9
    Join Date
    Jan 2015
    Location
    New York, NY
    Posts
    168

    Default

    just to circumvent any misunderstanding, the 57 4 door Fleetwood 60 special is valued the same as the 57 Eldorado Seville by the OCPG
    William Otterson
    C56R3756

  10. #10
    PaulB Guest

    Default

    What is OCPG?

    Thank you

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