What is your classic car worth?

Posted by Support Staff on 9th Jun 2017

What is your classic car worth?

One tool to help you determine the value of your classic car is The Hagerty Valuation Tools®.

The Hagerty Valuation Tools® are provided to help you make informed decisions when buying or selling a classic car.

You can find these tools here https://www.hagerty.com/valuationtools

Another good source of past prices is the NADA Guides. We have found it to be more accurate for prices in the California market than Kelly Blue Book over the years.

The local Craigslist can also give you a feel for what price sellers are asking for their classic car. Since Craiglist is free to post an ad, many sellers price high to see what kind of response they get. Just because they are asking for a price, doesn't mean they can get that price.

The price trend for classic cars has been up over the last several years. The index for collector car prices in the May 2017 report by Hagerty, which specializes in insuring vintage automobiles, fell 0.68 points to 160.06, down nearly 10% year-over-year, and down 14%, or 25.8 points, from its all-time high in September 2015 (185.86). 

Keep in mind the index for classic car prices may not reflect the price trends of a "daily driver" type 1981 Camaro, for example.

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