Values dropping according to NADA

[NWYENKO]

Rec'd my Jan-Apr NADA today. ZL1 is down to $145k from $166800 and Yenko Camaros down to $75500 from $94300. Where do thes guys get their info!! Looks they have reduced values across the board. Yenko Chevelle remained at $61600. Anyone know of any of these cars for sale at these prices?? [img]/ubbthreads/images/icons/grin.gif[/img] Jim

[JBB]

I can't see how these cars are lessening in value. The only things I can attribute to that is a possible conflict in the Middle East or a conflict with Korea, along with a economy that is not as vibrant as it is portrayed........

[sYcYenko]

Well let me know where I can find these cars at those prices and I will buy them all day long. No prices dropping anywhere I can see. Just keep going up.

Carl
www.batterytoppers.com

[RonNova396L34]

Has any looked at what a BB Nova's top price is. I tried getting a higher insurance coverage for my car and the top price was listed at 10,000. Yeah right. I got more than that just in PARTS.
Ron [img]/ubbthreads/images/icons/confused.gif[/img]

[JChlupsa]

Ron this is what it came up when I just looked:

Classic Car Consumer Prices
December 26, 2002
1970 Chevrolet NOVA SUPER SPORT
2 Door Sedan

MSRP
Original Manufacturer's Suggested Retail Price when new N/A
Low Retail Average Retail High Retail
Base Price $5,100 $9,750 $16,200

Options and Equipment
4 Speed Transmission add: $985 $1,250 $1,575
396 V8 Engine add: 50% 50% 50%

Total Price $8,635 $15,875 $25,875

[RonNova396L34]

Anybody know where I can find this book? I even tried to get my car appraised but that was even less than the top value the insurance company came up with. The appraiser around here was using a Old Cars Price Guide and he even laughed when he saw the top price!! [img]/ubbthreads/images/icons/frown.gif[/img] [img]/ubbthreads/images/icons/confused.gif[/img]

[JChlupsa]

http://www3.nadaguides.com/

[RonNova396L34]

Jeff,
Thanks, I'll look it up when I get a chance. I hope I can convince my insurance agent then.
Ron [img]/ubbthreads/images/icons/smile.gif[/img]

[Jeff H]

So what's a 69 Z28 with JL8 brakes, crossram, etc. worth? Hopefully more than I've put into it so far. [img]/ubbthreads/images/icons/laugh.gif[/img]

[Don_Lightfoot]

Thanks very much for that link Jeff. I have reviewed the books numerous times as I have a friend who actually inputs for the NADA, primarily on GTO's, but I was unaware of the website where you can actually input your vehicle information.

They show different value ranges - Low Retail, Average and High. A further disclaimer indicates the High is not a "100 Point" or "Number 1" car as they assume those vehicles are not driven. These would obviously be valued above the "High Retail".

I would appreciate a couple of opinions on this if any of you are inclined. Mine is driven occassionally and the condition would fall under the "High Retail" description. It has a CE block which is obviously where the "open for value debate" comes in. When considering Muscle Cars, I have always used a reduction of about 25% or slightly higher without the original engine, then apply that percentage to the value of the vehicle relative to it's condition. Would you guys agree with that reduced percentage figure or would you feel the percentage would be different? Appreciate it.

I've been involved in this hobby for about eleven years now and I do not see the prices declining at all. My enquiry on the above website indicated a value about 10% higher than the last time I checked the book which was probably in the early summer.