One of the more difficult tasks for a classic car collector is to put a value on their beloved cars. Many variables have an impact on the price of classic, antique, exotic, and vintage cars. The price of a vehicle with the same make, model, and year can be very different.
Factors That Can Determine the Value of a Classic Car
- Condition
- Original Parts
- Modification
- Documentation
- Market Demand
- Inventory
- How the car is being sold – auction or private sale
With these factors in mind, here are some easy online tools you can use to help put a value on your classic car.
Free Online Guides for finding Classic Car Values
Hagerty Classic Car Valuation Tool
The Hagerty classic car valuation tool is generally the first tool people use. Hagerty is a provider of classic car insurance. In 2012 they partnered with Hemmings to launch the online classic car valuation tool. The Hagerty online tool allows you to search for cars, trucks, and motorcycles by year, make, model or VIN.
The Hagerty condition rating system is key to understanding the Hagerty classic car values. Hagerty values get updated 3 times per year in Jan., May, and Sept..
NADA Guides
The National Automobile Dealers Association has been around for over 80 years. It’s owned and operated by J.D. Power. There is a free online valuation guide For finding your NADA classic car value. Or you can get a subscription based print valuation guide. The NADA guides give you 73 years of pricing. The NADA guides provide market reflective pricing on cars. They include low, average, and high retail, plus MSRP. The NADA guide gets updated 3 times per year in Jan., May, and Sept..
Collector Car Market Review
The Collector Car Market Review tracks prices and values of classic cars. They rely on sales reports, government data, their own database, auctions, and inventory. When using the Collector Car Market Review tool, you start with the make, then the year and then the model.
Understanding the Collector Car Market Review Condition rating system is key to using their online classic car pricing tool. They, like Hagerty have an easy to understand numbered condition system.
Understanding the Market For Classic and Exotic Car Investments
HAGI Index
Historic Automobile Group International is a great source for tracking classic car investments. They collect data from private contracts, marque specialists, dealers, and auction results. Check out HAGI to see which cars are growing in value.
Hagerty Market Rating
The Hagerty market rating tracks of the strength of collector car market. They use a database of private sale transactions in combination with other market factors to report the “heat” of the market. They offer a handy “how-to guide” for how the Hagerty Market Rating Works.
We hope these tools will be helpful in determining the value of your classic, exotic, and vintage cars. When setting a price for your car it’s a good idea to look at the pricing from more than one valuation tool. Also, make sure you know what’s happening in the classic car market. Do some independent research by checking out auto auctions. All these combined will help you better understand the value of your classic vehicle.
Once you are ready to sell and transport your classic car Schumacher Cargo is here for you. We handle all of the details for you. Whether you need domestic enclosed auto transport or need to ship your classic car overseas, we’ve got you covered.
