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Original Message
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| RE: Quoted from CPI Value Guide |
| By hawkrod - 09/16/2002 11:30:39 AM; IP 198.81.16.24 |
| the other problem with the value guides is they are based on market results (primarily auction) that are extrapolated into market values. the big cars are showing good in price guides but not in the real market. why? because of the volume and examples that are sold to establish values. in the case of a galaxie, very few have crossed the block and of those most are specialty cars like LTD's with 428's or 7 Litre cars or even real 427 cars. for example lets say 5 cars have crossed the block; one is a 427 XL, two are 7 litres, one is a 428 LTD and one is a lead sled. the average market value of the 5 is 15,000. they take that value and condition of the cars and look at engines and see the 427 was worth 2,000 more than the 428 and that the sled was a 390 but was only 200 less than the 428 cars. they have now determined that a number one car is worth 14,800 and the 428 is worth a premium of 200 and the 427 carries a premium of 2,000. using this info and market curves for more popular cars averaged together they determine a #2 is worth 15% less than a #1 and so on and so forth. the reality is the market isn't really that strong because the sales for the year did not represent a good cross sampling of the cars out there. i deal with this every day as this is the business i am in and some of the other posts are right, and a Galaxie built right will have more invested under the hood than the total resale value of the car (that is true of most run of the mill cars though). hawkrod |
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