How accurate is the Hagerty Valuation tool?

XS22J8R

Well-Known Member
Local time
6:53 PM
Joined
Dec 13, 2021
Messages
245
Reaction score
473
Location
Chicagoland
I've got someone very interested in my '71 Challenger which I had on the market for some time, but became far less motivated to let go in recent times.
I have moved toward selling it if I find something I would rather have, and what I have aspired to for a while is to own a 69 or 70 Coronet R/T convertible.
A local friend of mine is paring down his collection recently and has said he will let his '70 Coronet R/T vert go. He was saying he was thinking $75K for it, which I thought might not be too out of line.
I gave the car a good looking over last weekend and found a number of things wrong I didn't know about. Though not deal killers, they mean the car is worth less than top end of the market, which is where I felt 75K would be.
I looked at the Hagerty valuation tool today and was really surprised how much disparity there is between what they think a '69 and a '70 are worth. I would agree that '69s are more desirable but I would expect maybe 10-15% more, not the over 75% higher that Hagerty is suggesting?
What say you guys?


69 Coronet.JPG


70 coronet.JPG
 
Last edited:

XS22J8R

Well-Known Member
Local time
6:53 PM
Joined
Dec 13, 2021
Messages
245
Reaction score
473
Location
Chicagoland
Their valuation on my '71 is encouraging... if you believe Hagerty, there is a bull market for them recently!
For 5 years I had the car listed on cars online with just some nibbles, I would have happily took $75K during that time. Thanks to all the would be buyers who shunned my car, due to it being GK6 best I can tell. I bet some guys are kicking themselves now for passing on it then. :p

71 Challenger.JPG
 

r4sedan

Well-Known Member
Local time
7:53 PM
Joined
Dec 21, 2018
Messages
496
Reaction score
665
Location
Weeki Wachee, FL
I personally like the '70 Coronet over the '69, however I know it comes down too personal preference.
I know they really have the 70/71 Challenger's up there. I was looking at my '70 recently. I don't know how
accurate the tool is it's been a while since I've sold anything. I know my buddy just bought a '70 R/T Challenger
383 4 speed. needs a full resto missing some pieces and paid 15K. However, is pretty solid.
 

WileERobby

Well-Known Member
Local time
7:53 PM
Joined
Sep 15, 2009
Messages
12,065
Reaction score
19,745
Location
State of insanity
I recall when the 70 Coronet models came out, they were widely regarded as hideous, as compared to the prior 2 model years. Perhaps that subjective thought has maintained, but to each his own.
 

69 Sleeper Bee

Well-Known Member
Local time
7:53 PM
Joined
Feb 18, 2021
Messages
3,100
Reaction score
8,808
Location
Tallahassee Florida
The biggest thing is correctly determining which condition the car is in 1 (yeah right) - 4 ( closer to reality )
 

Budnicks

You Can Just Thank Me Later
FBBO Gold Member
Local time
4:53 PM
Joined
Jan 16, 2011
Messages
62,811
Reaction score
77,964
Location
NorCal Sierras
IMO most of those prices (evaluations) are inflated
I don't think most would sell anytime soon/or quickly at that rate
(maybe to boost/justify their insurance support/prices)
not on the reg. open market

also;
maybe try Research New & Used Car Prices
(nadaguide) in their 'classic cars'

I 'used to find' their (Nada) prices (evaluations) a tad bit more in line
with the reality of the average Joe, Tom, Dick & Harry's cars
unfortunately, it's not very good on options listings
but IMO it's still on the high side
it's also just a guideline
I pretty much go by the 2 lower ratings
very few cars are at the 2 top tier ratings IMHFO

--------------------------------------------------------------------------

Seems even where you live will/can directly affect costs/values too
& unless it's near a 100% professional concourse restoration,
using (big $$) NOS quality org. type parts etc.
or near-perfect
or perfect/flawless (extremely rare)
or a real mostly all original panels, interior, eng./trans drivetrain survivor
or a 1 or 2 owner car
not a 'former rust bucket' with every aftermarket panel on it
almost nothing is original 'anymore'

-------------------------------------------------------------


IMO the/their 2 top tiers of their pricing (Hagerty concourse & excellent)
NADAGUIDE is a High Retail or Average Retail on Nada
(evaluations) are all a tad bit high also, it's just a guideline
of comps/sales recently, not set in stone

a lot of the cars/rarer models & options
haven't sold many or don't have a great data base,
recently either
except for auctions & that's all high-end pricing "usually"
like 20% higher maybe because of buyers & sellers/consigners fees

hell an org. 4 speed car can bring 20% more
than an Auto in the same car, depending on buyers' preferences

Resto-Mods or Pro-Touring quality built cars, are off the charts now
many even more than 100% OE concourse restos or survivours

--------------------------------------------------------------------------------------

The 2 top tiers prices, may, be a tad closer though
maybe in a big or well know auction/s setting
like Mecum or BJ

where there's a well-funded (well lubricated) & captured audience
that's already been pre-qualified or credit approved
&/or ready to spend $75k-$100k+ (or much more)
get caught up in a bidding war/pissing contest
(could be alcohol-induced too)

---------------------------------------------------------------------------------

I see a lot of cars listed
but not a lot of them selling
, not at the higher end of prices
(except for at bigger auctions)
many/most staying on the market forever seemingly
keep bouncing from classic cars sales site to site
(like you said yours for 5 years)

the location makes a huge difference too
the way the car is presented, accurate & detailed discriptions
& quality photos (of a cleaned car) etc.

good luck

my $1.25
 
Last edited:

XS22J8R

Well-Known Member
Local time
6:53 PM
Joined
Dec 13, 2021
Messages
245
Reaction score
473
Location
Chicagoland
I am not too concerned with what I will get offered for the '71. What I am concerned with is the '70 Coronet R/T. It appears it was restored around 30 years ago and needs a fair amount of refreshing. I do not want a concours trailer queen, my standard is a real deal (not clone) correctly detailed and excellent condition car that is still not too nice to drive a couple hours on a Sunday to a show or to a cruise in an evening.
I know what he is asking, and if Hagerty's guide is accurate, I should be able to buy a concours trailer queen example instead and have enough money left over for a couple week vacation next winter at the finest resort in Hawaii for the amount of his ask.
I just need to find someone selling a concours '70 Coronet RT convertible for $60K, then I can start planning that vacation....
Or with what I expect I will be offered for the '71, I can buy a '69 Coronet R/T convertible, which I do prefer, even though apparently they are worth close to twice what a '70 is worth. Is that really the case?
Hypothetically of course, finding one of the less than 250 '70's made or one of the around 400 made '69s in excellent condition and for sale is almost as likely as finding bigfoot!
 

cr8crshr

Well-Known Member
Local time
4:53 PM
Joined
Feb 13, 2009
Messages
5,413
Reaction score
9,137
Location
Northwest Nevada
Their valuation tool actually was spot on for me. I wound up putting it in the Cars For Sale forum here and within a week to 10 days, it was sold for damn close to my valuation/asking price.It just depends I guess on what the particular car is as it will determine the final value based on that...cr8crshr/Bill:thumbsup::thumbsup::thumbsup::usflag::usflag::usflag:
 
Last edited:

XS22J8R

Well-Known Member
Local time
6:53 PM
Joined
Dec 13, 2021
Messages
245
Reaction score
473
Location
Chicagoland
So I ask again, is a 70 Coronet R/T vert really only worth a little more than half what a equivalent '69 is worth?
In which case my friend's car I would rate as a 6.5/10 overall, which I'd translate to somewhere in between #2 and #3 on Hagerty's grading scale, is only worth about half what he was suggesting he thought it was worth?
I've seen nice 383 roadrunner hardtops going north of 50K recently in todays somewhat crazy market, and even a nice 383 Superbee would be hard to buy today for under $40K, a good driver but needs some refreshing convertible should be a premium to those.
 

69 Sleeper Bee

Well-Known Member
Local time
7:53 PM
Joined
Feb 18, 2021
Messages
3,100
Reaction score
8,808
Location
Tallahassee Florida
From what I have heard the 70 Coronet front end was such a departure from the norm it turned most buyers off so they did not sell nearly as well. I mean look at the 70 Satellite / RR front end, a thing of beauty to me and is JMHO. This may be effecting the 70's Coronets over all value to this day.
 

hunt2elk

FBBO Gold Member
FBBO Gold Member
Local time
6:53 PM
Joined
Jul 15, 2009
Messages
9,117
Reaction score
8,897
Location
WI
I have always thought that Hagerty's valuation was pretty close, far better than other guides. They claim that they base their numbers on cars that have sold, and update them regularly. Also agree that a 70 Coronet is worth far less than a 69. I think your buddy gave you the "I don't want to sell it price".
 

WileERobby

Well-Known Member
Local time
7:53 PM
Joined
Sep 15, 2009
Messages
12,065
Reaction score
19,745
Location
State of insanity
From what I have heard the 70 Coronet front end was such a departure from the norm it turned most buyers off so they did not sell nearly as well. I mean look at the 70 Satellite / RR front end, a thing of beauty to me and is JMHO. This may be effecting the 70's Coronets over all value to this day.
See my post #4.... Anybody that was into the performance car scene back then, knows this was the prevailing thought...
 

Dave6T4

Well-Known Member
Local time
7:53 PM
Joined
Dec 31, 2020
Messages
2,900
Reaction score
5,165
Location
Ontario, Canada
I bought a 1969 Super Bee new. When the 1970's came out, I thought, " Whew! That was close; glad I bought mine when I did! ". I thought they looked like a Pontiac, with the divided grill.
 

WileERobby

Well-Known Member
Local time
7:53 PM
Joined
Sep 15, 2009
Messages
12,065
Reaction score
19,745
Location
State of insanity
With the 70 you love it or hate it. I love my Bee
I commonly call it the "Frame of Reference" opinion. In late 69, all we had was... what we already had. That's our frame of reference... then. So, the next year model comes out, and everybody's "frame of reference" is.. what we already had. Most loved the 68 & 69 dodge styling, so now we get .... " oh, the horror" !!! A few years later, I met an acquaintance with a plum crazy 70 with the nostril hood scoops, and I said " Wow, what a nice car"... my frame of reference changed.
 

Fran Blacker

FBBO Gold Member
FBBO Gold Member
Local time
7:53 PM
Joined
Sep 23, 2016
Messages
12,639
Reaction score
12,652
Location
Connecticut
Here are 2 cars sold at Mecum in May. A 67 GTX hemi vert auto on the column in I'd say 2 condition Haggerty rate 3 condition $124,000, 17 made. The other a 67 Dodge Coronet R/T Hemi convertible auto floor shift 3 condition (driver) $150.000. 1 of 3 made.

GTX 67.JPG


RT67.JPG
 

autoxcuda

Well-Known Member
Local time
4:53 PM
Joined
Apr 23, 2010
Messages
364
Reaction score
505
Location
Simi Valley, CA
So I ask again, is a 70 Coronet R/T vert really only worth a little more than half what a equivalent '69 is worth?
In which case my friend's car I would rate as a 6.5/10 overall, which I'd translate to somewhere in between #2 and #3 on Hagerty's grading scale, is only worth about half what he was suggesting he thought it was worth?
I've seen nice 383 roadrunner hardtops going north of 50K recently in todays somewhat crazy market, and even a nice 383 Superbee would be hard to buy today for under $40K, a good driver but needs some refreshing convertible should be a premium to those.

70 Coronet R/T Conv production went way down (236 US, 296 total) from 69 Coronet R/T Conv (426 -not sure US or total). Most likely from internal sales floor competition from the new Challenger's. Lets face it, in 1971 they eliminated the 2dr Coronet model.

I think the sample size of 70 Coronet R/T convertibles recently sold is just too small for their valuation tool and makes it wonky. I don't see many for sale. Do you?

For instance, I'd guess that valuation tool for a 68 Super Stock Dart or Barracuda would be a mess. Their selling price is all over the map due to condition, originality, racer provenance, and proof they are real.
 

XS22J8R

Well-Known Member
Local time
6:53 PM
Joined
Dec 13, 2021
Messages
245
Reaction score
473
Location
Chicagoland
70 Coronet R/T Conv production went way down (236 US, 296 total) from 69 Coronet R/T Conv (426 -not sure US or total). Most likely from internal sales floor competition from the new Challenger's. Lets face it, in 1971 they eliminated the 2dr Coronet model.

I think the sample size of 70 Coronet R/T convertibles recently sold is just too small for their valuation tool and makes it wonky. I don't see many for sale. Do you?

For instance, I'd guess that valuation tool for a 68 Super Stock Dart or Barracuda would be a mess. Their selling price is all over the map due to condition, originality, racer provenance, and proof they are real.
I totally agree. I’ve been trying to value the ‘71 and comps are hard to find too. Coronet convertibles are even tougher.
I had a bit of trouble with Hagerty on my Magnum GT purchase last year. They only wanted to insure it for $15K, I paid more, and wanted to insure it for more. My agent went to bat for me and got them to agree to $20K.
Anybody got any comps on that situation, of all the excellent condition T top Magnum GT sales in recent times?
I know of just one, on eBay last year that sold within a day or two for $16,999 and given its quick sale, I bet he could have got more. From me for one, if I wasn’t in the middle of a new Ram purchase at the time.
I searched Mecum they’ve only sold 3 Magnums in the last 15 years. One customized one and 2 base models.
There are essentially no comps, estimated value on mine is a WAG!
 

autoxcuda

Well-Known Member
Local time
4:53 PM
Joined
Apr 23, 2010
Messages
364
Reaction score
505
Location
Simi Valley, CA
I totally agree. I’ve been trying to value the ‘71 and comps are hard to find too. Coronet convertibles are even tougher.
I had a bit of trouble with Hagerty on my Magnum GT purchase last year. They only wanted to insure it for $15K, I paid more, and wanted to insure it for more. My agent went to bat for me and got them to agree to $20K.
Anybody got any comps on that situation, of all the excellent condition T top Magnum GT sales in recent times?
I know of just one, on eBay last year that sold within a day or two for $16,999 and given its quick sale, I bet he could have got more. From me for one, if I wasn’t in the middle of a new Ram purchase at the time.
I searched Mecum they’ve only sold 3 Magnums in the last 15 years. One customized one and 2 base models.
There are essentially no comps, estimated value on mine is a WAG!

Also, Magnum GT aren't the type of car that shows up at an auction for sale. Does Hagerty use Ebay completed auctions for it's valuation tool? That would suck too, since many are shill bided without selling. Again, lower the sales movement car...valuation tool becomes less accurate.

I agree your 71 6-pack is much easier to find comps than a 70 R/T Conv. I still think a 70 6-packs could be used to factor a price. I know that factor is debatable. But they made close to or more 70 and 71 6-pack challengers hardtops that all 67-70 Coronet R/T convertibles in four years. And there's always 70-71 6-pack challengers for sale.
 
Last edited:

XS22J8R

Well-Known Member
Local time
6:53 PM
Joined
Dec 13, 2021
Messages
245
Reaction score
473
Location
Chicagoland
I watch auctions and eBay, ads in forums and discussions on forums about cars members see advertised, and have for many years. I feel like I must have a decent feel, at least for Mopar muscle, as I get contacted by enthusiast friends fairly regularly asking my opinion on values of cars they are interested in. I must seem knowledgeable?
My feel was a top shelf 70 U code Coronet R/T vert would be worth low to mid 70s.
A similar 69 would be 80-90K.
I‘m not far off on value estimates from Hagerty on 69s, but way off on 70s.
My intuition is that I’m closer to realistic on the 70 value than they are.
 

Top