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Just a little insight I have picked up over the last 12 years in the game and 9 years as a owner. If I'm honest I see a lot of owners bitching about a car that sells for more than the accepted collective value given to it...which always puzzled me on two fronts. Why would a owner be upset to see his asset appreciate and why is everyone so locked into the fact that all DeLoreans are 25k and that will never change? See bitcoin this year?Quote:
Originally Posted by dodint
$50k is the gas station price of my car.
Meaning, whenever I'm trying to get gas and someone tells me they want to buy it.
$50k in cash and I'll go get the title right now!
They should really lower the price by at least $10,000 for lacking a DMC issued lower engine cover prop stick.
Its funny you mention the $25k. Remember when the $25k rule was all the rage? "Whether you buy a nice one for $25k, or a project for $15k and put $10k into it, every DeLorean is $25k." I remember hearing that on the forum and in the community all the time. Heck, I remember telling people that at car shows. Granted it's been quite a few years now, but it's interesting how the market changes. I feel like it's been at least 5 years since I've heard it said seriously. I suppose there isn't really as much of a rule of thumb anymore. It seems like nice cars have gone up in value a lot faster than project cars have.Quote:
Originally Posted by Michael
Checking out the DeLoreans that have sold on eBay recently tells a much different story than these rather schizophrenic asking prices we've seen lately. Since August 31, here are the completed sale prices in ascending order:Quote:
Originally Posted by Jonathan
$6,000
$16,900
$21,400
$23,900
$27,520
$28,000
$32,000
$36,950
$45,000
That equals an average sale price of $26,408 and a median sale price of $27,520. Not quite the $50k everybody is asking for DeLoreans these days.
Yup, that's the data I was alluding to earlier. A small part of the marketplace but interesting nonetheless.
Your own data contradicts your statement that everyone is asking 50k. In fact, it would seem that on eBay at least, nobody is asking 50k and selling for less and in most cases, far far less.Quote:
Originally Posted by louielouie2000
Maybe the 45k car was a low mileage unicorn fetching a premium. The logic of factoring all sold cars to come up with a average is questionable at best. It may be fun to compare but imo it doesn't justify any asking price. If I have a mint condition car and some Yahoo comes up to me with eBay sales of 5 heaps saying my price is way to high then that doesn't change the value of my car. If however you had sales figures for cars in similar condition throughout a reasonable time window then you might have an argument.
I never have an issue with someone asking more than they would accept. It's quite common practice in pretty much every facet of sales, especially cars.
Not knowing the actual condition of each car makes it difficult to know if the selling price was an actual reflection of the car's value. Your analysis is a nice statistical exercise but it is flawed without knowing the condition. In the car market prices are based on the value of a car in #1 condition and dollars are deducted for flaws, excess mileage, non-stock items, missing items, etc. Geography also affects the price as would any "provenance". Right now a perfect Delorean with low mileage is probably in the $50-60K range. We are way past the $25K but you can still find a good driver for that but expect cosmetic issues and a lot of differed maintenance items. On this car $50K is ambitious but a seller always starts out high so they have room to negotiate. You could probably get this car for $40K and from the looks of it, it is probably worth about that. Of course it would take an up close inspection and a drive to know for sure.