Hagerty Evaluations are out.

[jpilcher]

Hagerty Evaluations are out. I cannot believe my eyes, the average price for my
car has more than doubled. Going to have to think about selling. Anyone looking for a Turbo Targa?



https://www.hagerty.ca/valuationtools/HVT/VehicleSearch

[Jeff NJ]

I'm sorry. I think they are smoking crack if they think that the avg 88 930 will sell for 236k. Maybe at a popular auction and the prior owner was a dead celebrity, but otherwise, no way.

[Komenda Fan]

With the rising values, it seems many enthusiasts are selling on to collectors. Nothing wrong with that, but it does seem there are an awful lot of cars for sale at the moment. Should be interesting to see if that impacts values.

[Ronnie's.930]

Originally Posted by Jeff NJ

I'm sorry. I think they are smoking crack if they think that the avg 88 930 will sell for 236k. Maybe at a popular auction and the prior owner was a dead celebrity, but otherwise, no way.

Agreed - I look at that chart and laugh (in a "point-n-laugh" way). BUTT, I suppose the high $ numbers are attributed to the very low build numbers of the Targa?

[Menmojo]

Check out the 88 and 89 Turbo #3 valuations. Both are up 63% in the last quarter.
The 78 and 79's are up 28% from the previous quarter.
Wow......

[willtel]

Dang. I guess I should start locking my garage.

[Jeff NJ]

Originally Posted by Ronnie's.930

Agreed - I look at that chart and laugh (in a "point-n-laugh" way). BUTT, I suppose the high $ numbers are attributed to the very low build numbers of the Targa?

My 88 coupe is valued slightly higher than the targa, so I don't think the targa value can primarily be caused by low volume #'s (compared to the coupes).

[bpu699]

There is no way that this can be right... There are LOTS of 1987/88 turbos for sale for 70k. Many on this board, and none have recently sold.

We are now saying that a #4 poor condition car is $160,000?

I have an 87 930 driver. If anyone wants to step up and offer $160,000+ I can meet with you asap and we can work something out...

The cars listed in SCM selling at auction are going in the 80-90,000$ range...

Has ANYONE personally seen a driver condition car sell for $200,000? Anyone?

Bo

[vascott01]

This is just there way for you to spend more money when it comes to insuring...

[Norm K]

According to Hagerty I posted my solid Number 3 car for sale here yesterday at $109K below market (and here I thought it was only about $6K-$10K below).

Curious that no one's snapped it up yet. Thanks, Obama (er, Hagerty)!

Perhaps it might be best remove my listing and wait ...

[bpu699]

Originally Posted by nkowi

According to Hagerty I posted my solid Number 3 car for sale here yesterday at $109K below market (and here I thought it was only about $6K-$10K below).

Curious that no one's snapped it up yet. Thanks, Obama (er, Hagerty)!

Perhaps it might be best remove my listing and wait ...

There are a lot of 930's listed here for $70-80k... I just did a search. None of sold recently.

Thats why the Haggerty evelautions just don't make sense. I haven't seen ONE car sell for those numbers if you follow the sales in Sports Car Magazine...

[thomas682]

All,

I believe the OP ran the Hagerty tool from the Great White North using Bob and Doug McKenzie currency not $USD$ so the amounts are slightly skewed...

On the US Hagerty Valuation Tool the 1988 Turbo Targa, Condition 1, is "valued" at only $303,000.00 USD. Almost a $100,00.00 delta.

I too do not believe the hype.

[JacobS911]

err.. they just want more to charge more for insurance

[Hams930T]

I was going to say myself... For something north of $100K I'd sell my car too. These valuations seem skewed to me.

[JFairman]

Yeah this Hagerty stuff is hard to believe and I'd sell my venetian blue '87 with redone cold AC and a whole bunch of other good stuff for something north of 100 grand too.

[onboost]

Originally Posted by Ronnie's.930

Agreed - I look at that chart and laugh (in a "point-n-laugh" way). BUTT, I suppose the high $ numbers are attributed to the very low build numbers of the Targa?

Originally Posted by Jeff NJ

My 88 coupe is valued slightly higher than the targa, so I don't think the targa value can primarily be caused by low volume #'s (compared to the coupes).

^^^ This is one of the things that you make you wonder about the valuations. Historically in the collector car market, vehicles with low production #s overall, vehicles with lower serial numbers, and vehicles with serial numbers closest to the end of a production run were those valued the highest. Of the 930s, there were fewer Targas produced than any other variant. So for the 88 coupe to be "valued slightly higher than the targa," both being 88s makes no sense.

And it goes against premise set-fourth years ago as outlined above. So is Hagerty changing the game.. and if so why? So they're the major player in the classic car insurance game at present.. assumption is they make their money on premiums.. so they're hedging they're bets on premiums vs. payouts? Ok, so I'm rambling.. carry-on!

[bpu699]

The other interesting thing is the HUGE difference in price between a number 4 vs 3 car, and a 3 vs a 2.

We are talking about a $100,000+ delta!!! How does that make sense?

I would think that getting a #4 car to a #3 would be easy... Wash it, fix the dents, clean it up.

What are we talking about, $10,000 in paint? Where does the OTHER $90,000 go?

I know that getting a car to a #1 is difficult, and expensive... But getting it to a #2 or #3?


Silly...

[jwasbury]

Cue Tony Peoni or his alternate identity 93097004xx in 3, 2, 1....

[bpu699]

Someone posted the graphs for a 1976 930 on another site. It is near identical to a 1988? No way.

Someone caused a typo or ran the info wrong...

[willtel]

Originally Posted by jwasbury

Cue Tony Peoni or his alternate identity 93097004xx in 3, 2, 1....

You're just salty because you sold yours $100k too cheap.