[DML] Source of NADA values (was: Value of a "restored" DeLorean)
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[DML] Source of NADA values (was: Value of a "restored" DeLorean)
- From: "James" <james@xxxxxxxxxx>
- Date: Thu, 02 Jun 2005 22:43:36 -0000
NADA gets their values for all their cars from their advisory board,
more than 200 different appraisers, dealers, restorers, insurance
agents, auction companies, clubs, finance companies, etc. It's quite a
diverse group.
Each quarter each advisory board member is surveyed for their sales
data across all makes/models. We're NOT the only one reporting values
for DeLoreans, though it would surprise me if anyone else was
reporting as many as we are. I just completed the current report last
week and reported 6 cars sold ranging from $19000 up to $46300.
NADA accounts for the difference in price between a "regular" high
condition car and a completely restored or refurbished car with that
line of text at the bottom. This distinction between a "professionally
restored vehicle" and a "survivor"-type car that are both considered
"high condition", but for two different reasons, is explained in each
edition.
Martin G. commented awhile back (perhaps on the DMCForum) that we
should remove the cars already sold from our web page:
http://www.delorean.com/sales.asp
But I think it's good to list them as it shows what DeLoreans are
selling for these days...the bad part is that they sell faster than we
can get descriptions written and a full range of photos taken. VIN
1510 was listed as "coming soon", and sold earlier this week.
James Espey
DMC (Texas)
http://www.delorean.com
800/USA-DMC1
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