Hagerty Corvette Value Guide

[Thomas S.]

Just got an email from Hagerty with a link to their Corvette Value guide.

https://images.magnetmail.net/images/clients/HAGERTY/attach/PDFs/HPG33_ChevroletCorvette_v6.pdf

Tom

[Terry D.]

Re: Hagerty Corvette Value Guide

About as real and reliable as Barret/Jackson

[Thomas S.]

Re: Hagerty Corvette Value Guide

This was posted as an FYI and not as an authoritive source for valuation. Any vehicle could be "priceless" or worthless for personal reasons. In the end something is worth what someone has paid at that moment. In my case, I found the value shown for my 63 to be pretty close to what I paid recently. As far as the real rare beasts, they are out of most people's price range and there are other factors in play. I also found the pricing trend curve interesting and that it tracked with a recent article in the Restorer publication.

I don't own a show car, but I am slowly restoring it to that standard. I will not live long enough to break even on it and I suspect most members are in the same boat. We just like ours cars.

[Mark E.]

Re: Hagerty Corvette Value Guide

Thanks Tom. This is an interesting reference.

Surprises and comments-

• Why are 59/60 values different? Many price guides lump them together. The base engine is cheaper in ’60 than ‘59, while the optional engines are more than their ‘59 counterpart. Weird.
• I didn’t realize a ’63 coupe is worth more than double its ’64 version. That’s quite a price premium.
• Good advice from the guide: “If you are spending more than you can afford to lose on one of these vehicles, it is prudent to consult a professional.” Better advice: Don’t spend more than you can afford to lose, period.
• Is my ’70 LS-5 worth that much? I hope my wife doesn’t see this.
• Who knew that PS is worth more than AC in a C3? But a lot less in a C2…
• For ’70 the LT-1 is only $1-2k more than the LS-5, while for ’72 it's about $7k more. But wait… in ’71, the LT-1 is LESS than LS-5. How about that.
• Will the C4 ZR-1 ever appreciate? What a bargain for such a unique car.

Let’s see, if I had $40k to spend, should I get a #1 condition C4 ZR-1? Or a mid-year basket case? Can’t decide.

[Jim D.]

Re: Hagerty Corvette Value Guide

About as real and reliable as Barret/Jackson

Value Guides from someone trying to sell you insurance are a joke. The more they tell you your car is worth, the higher the premium they get to charge you. I would sell any of my cars this very minute for what Hagerty says they are worth.

[David C.]

Re: Hagerty Corvette Value Guide

Interesting reference. What none of these guides ever mention is color. All things being equal, a Corvette with a broadly appealing color combination is going to sell more quickly and for a higher price then one which has a color which fewer potential buyers like. You see this at work when tracking cars in the market and dealers will tell you the same.

[Darryl D.]

Re: Hagerty Corvette Value Guide

I created the thread in the below link on the
Corvette Forum and am including the copy and past of the original post with some
modifications, bolded areas and additional information/comments.



https://www.corvetteforum.com/forums/c1-and-c2-corvettes/4003749-regarding-valuation-of-c2s.htmlguides I think it was well bought but I would certainly like to here
feedback of what others here think so you can do your own comparison to the
price guide numbers.
You can see pictures of my car at this
link:
https://www.corvetteforum.com/forums...post1594846350

Below is a link to Collector Car
Market Review pricing condition guidelines on the site. I have provided the
condition guidelines here for you.

http://www.collectorcarmarket.com/makes.html

Collector Car Market
Review
Condition Guidelines
These are condition guidelines to help assess
a vehicle's condition. Keep in mind that there are many factors that affect
value. For example, a "barn find" may on the surface look like a #4 or #5
vehicle, but it's time capsule character often means it is worth far more than
it's condition would normally warrant.

#1 Excellent: A close to perfect
original or a very well restored vehicle. Generally a body-off restoration, but
a well done body-on restoration that has been extensively detailed may qualify.
The vehicle is stunning to look at and any flaws are trivial and not readily
apparent. Everything works as new. All equipment is original, NOS, or excellent
quality reproductions. Note: cost no object concours restorations should be
considered 1+ condition.

#2 Very Good: An extremely presentable vehicle
showing minimal wear, or a well restored vehicle. Runs and drives smooth and
tight. Needs no mechanical or cosmetic work. All areas (chassis not required)
have been fully detailed. Beautiful to look at but clearly below a #1
vehicle.

#3 Good: Presentable inside and out with some signs of wear. Not
detailed but very clean. Body should be straight and solid with no apparent rust
and absolutely no rust-through anywhere. Shiny, attractive paint but may have
evidence of minor fading or checking or other imperfections. Runs and drives
well. May need some minor mechanical or cosmetic work but is fully usable and
enjoyable as is.

#4 Fair: runs and drives OK but needs work throughout
the vehicle. Body shows signs of wear or previous restoration work. Any rust
should be minimal and not in any structural areas. Cosmetics, body, and
mechanics all need work to some degree.

#5 Poor: In need of complete
restoration, but is complete and not a rust bucket beyond repair. May or may not
run. Not roadworthy.

Parts or Salvage: Incomplete vehicle most useful for
parts. Generally, take 50-60% of the #5 value




a
guide.



Valuing a car is very similar to
valuing real estate, hence the use of a value guide. In real estate you always
throw out an substantially high and low price assuming they are distress sales
or some other abnormal reason for a considerably higher price. unless you are
looking at a car in the show car class.