Quote:
Originally Posted by Rick Brooklyn
I'll bite... How does hagerty form its valuations?
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https://www.hagerty.com/valuationtools/About-our-prices
Auctions, dealer sales, asking prices, peer-to-peer sales.
They claim peer-to-peer (what I would call private) sales are over 70% of the market. They say they get access to those numbers by asking their insureds for sale/purchase prices.
They also say "we have access to insured values of hundreds of thousands of vehicles" but don't mention if/how that is included in the valuation process.