Rick hit the nail on the head in the last paragraph. The price estimate is
only as good as the "comps", and it can be hard to find a comparable sale
for a 1952 Wootleigh-Whatzit Le Mans in "as driven" condition, as opposed to
"museum restoration" or "vintage race prepped".
Then there is the well-known syndrome that everyone thinks their car is a
#2. Actually, almost nobody's car is a #2.
--
Max Heim
'66 MGB GHN3L76149
If you're near Mountain View, CA,
it's the primer red one with chrome wires
on 8/22/11 9:21 AM, Richard Ewald at richard.ewald at gmail.com wrote:
> FWIW I have worked at car dealers (service manager) and we were told that
> NADA tracked transaction prices to establish their values. The numbers in
> NADA are usually much lower than Kelly Blue Book. Blue Book is great if you
> are selling (but don't plan on getting those numbers from a savvy buyer)
> NADA numbers are what our used car manager used as a starting place when
> evaluating trade ins. So if you are selling, show the buyer Blue book, if
> you are buying, use NADA.
> The problem with NADA or any other evaluation service on very old cars like
> LBCs is there are so few of them sold, and their condition is all over the
> map, it is tough to get a proper average price.
>
> Rick
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