Hagerty's latest 911 valuations

[Kansas]

Looks like for the 4th quarter in a row, 911s from '74 to '98 have completely flat- lined. I'm not seeing this in the marketplace, however. Seems like, except for projects, everything is starting in the low $40s and going up from there. I watched a 911 market update seminar in early March. I really have to agree with what one of the speakers said about ALL stock 911s within the next 10 years valuating at the same price point. He even included the longhoods.

[specialtyoneinc]

Hagerty price guide is decent for a reference point but they cover so many different cars & models they aren't accurate always when it comes to specifics. For instance I would argue the 964 Coupe market hasn't flat - lined in the past 4 quarters. Also when the aircooled market took off in 2014 or so, they were behind 3 to 6 month on pricing.

[juanbenae]

they cashed the check for my $50K policy renewal in the last couple months for my bastardized 75. it would seem they are not following their guidelines to the point they will not insure beyond them.

[Vaive]

Originally Posted by Kansas

Seems like, except for projects, everything is starting in the low $40s and going up from there.

On BAT maybe.

In the real world, plenty of sub-40k offerings that are not projects by any stretch. Are they pristine, without a blemish to be found? No. But they're solid mechanically and cosmetically fine for a weekend drive on twisty roads.

[Kansas]

Originally Posted by Vaive

On BAT maybe.

In the real world, plenty of sub-40k offerings that are not projects by any stretch. Are they pristine, without a blemish to be found? No. But they're solid mechanically and cosmetically fine for a weekend drive on twisty roads.

Ok, I guess I'm referring more to the 911 coupes. Because I simply don't see decent coupes in the sub 40s. I see plenty of targas and cabs in that price range. I DO think there will be a reset in the next couple of years like we saw with the 993s a few years ago. Too much high priced inventory right now that is not moving.

[kwah]

Just be patient. The porsche market has to account for stubborn owners who think their SCs are worth 50K and their 2010 GT3 is work 20K over orignianal MSRP. It will correct and every owner who financed their toys will be looking to dump them.

[racer]

Unless they are following live sales, I would think Hagarty price guide is based more on what owners think the car is worth and therefore what they are willing to pay to insure it.. Sure.. your 911 could be worth 50k.. or 70k... how much do you want to pay to cover it? ok sounds good.. hey look.. 911's have flatlined at an overvalued price!

[Mocker]

They are showing that prices for 930s have fallen pretty dramatically. IMO, their estimates were way too high a couple of years back, so...

[Nick Triesch]

You just have to be realistic. My 85 coup is all original But with 160,000. Very pretty car but just insured it for $35,000. I’m
Not being cheap , I just think that is about the true value.

[JMS935]

Originally Posted by Mocker

They are showing that prices for 930s have fallen pretty dramatically. IMO, their estimates were way too high a couple of years back, so...

They have fallen quite dramatically, but because they’re not all visible trades, and also not a liquid commodity, it’s harder for all of us to see it. There isn’t a chart to pull up unfortunately to see it, and thinking that Hagerty’s estimates are ever the market, is just plain wrong. Mileage is just as important as condition, yet their values don’t ever list mileage. That’s a total joke, and coming from a company that requires you drive it only a certain number of miles per pear when you insure with them. So which is Hagerty, do miles matter or not? Rhetorical...

My best advice for anyone wanting to figure out value, is to do lots of your own research, and never glance at Hagerty’s. Theirs will always be set artificially high so as to convince you to insure your classic car for more money with them. Hagerty’s values are self serving - nothing more.

[Mocker]

For a '79 930 (DID YOU SAY A 1979 NINE THIRTY?!) in #3 condition, Hagerty shows the price jumping from $95k in September 2014 to $169k in September 2015. That's pure fantasy, IMO.

Since then, they show prices falling steadily, to a current value of $103k for a #3 car. Maybe a touch high still, but clearly more in-line than what they had been showing.

[Vaive]

The value of something like Hagerty isn't the actual values, it's the trend lines. Think of it like political polls. You never know how accurate any one poll is, but looking at long term trends is somewhat valuable.

So Hagerty says Car X was $35k last year and $40K this year. I wouldn't go and buy one for $37K thinking it's a great deal necessarily. But I'll know that generally speaking prices have increased by about 10-15% in the past year.

[cellison]

I thought hagarty based their price trends primarily on auction sales. the appraiser I used for my 930 several years ago used thr hagarty valuation as one of his tools to determine its “value” fir insurance purposes.

[techweenie]

Never seen a value guide that didn't create this kind of discussion.

Porsches aren't commodities and the quality of cars on the market at any given point is all over the place.

In my opinion, as a gross generalization, the weaker cars are being punished harder in the market place and the stronger cars seem to be hitting new highs.

[nathanbs]

Originally Posted by techweenie

Never seen a value guide that didn't create this kind of discussion.

Porsches aren't commodities and the quality of cars on the market at any given point is all over the place.

In my opinion, as a gross generalization, the weaker cars are being punished harder in the market place and the stronger cars seem to be hitting new highs.

Couldn’t agree more. Good to have you back

[Rawknees'Turbo]

Originally Posted by JMS935

. . .
My best advice for anyone wanting to figure out value, is to do lots of your own research, and never glance at Hagerty’s. Theirs will always be set artificially high so as to convince you to insure your classic car for more money with them. Hagerty’s values are self serving - nothing more.

Totally agree and have been saying that about Hagerty since the very first time their absurd price guide came out around the time that 930 prices started rising; those bisches that work in that department are either seriously dumb, or the whole self-serving stuff that you mentioned is their primarily driving factor (aka - a form of scam artist).

[pmax]

Hagerty
10-15% increase
87 Carrera
#1 $93,500
#2 Excellent $66,000
#3 Good $46,000
#4 Fair $31,500

[Driven97]

I'm having trouble finding comparables in the classifieds these days. There seems to used to be a lot more driver/hobbyist level impact bumper cars. Now the few that are posted are either low mileage collector pieces or hacked up cars. Both seem to have delusions of grandeur pricing. Are people selling elsewhere? I was thinking of putting my car back up again when the weather breaks.

[bowenx]

Side note...
Any idea why for the 73 they list the coupe with 2x1bbl or Targa with FI...what about the 73.5 coupe with FI?

Thanks

[MrBonus]

Originally Posted by techweenie

Never seen a value guide that didn't create this kind of discussion.

Porsches aren't commodities and the quality of cars on the market at any given point is all over the place.

In my opinion, as a gross generalization, the weaker cars are being punished harder in the market place and the stronger cars seem to be hitting new highs.

I wonder if some of the newer entrants to the hobby are finally coming to terms with the sheer costs involved with turning a bad car into a good one.