Sports Car Market Price Guide

[Robert A]

Has anyone seen the e9 values, per SCM (all are at "C" investment grade and based on a #2 condition car)

2800CS $17,000-$26,000 (5 stars, likely to increase much more than the market at large, perhaps as much as 25% in the next 12 months)

3.0 CS $19,000-$30,500 (5 stars, likely to increase much more than the market at large, perhaps as much as 25% in the next 12 months)

3.0 CSL Batmobile $180,000-$260,000 (4 stars will outperform the market at large; perhaps 10% gain in 12 months


3.0 CSL $32,500-$55,500 (4 stars will outperform the market at large; perhaps 10% gain in 12 months

This means this will take 4 years till I recoup what I have into my 2800CS.

 

[jmackro]

I keep my SCM price guide handy, and refer to it often. However, in my opinion, it is low on some cars, high on others. I'd say it is low on 2800 and 3.0 values (I know nothing about bats and lightweights).

SCM collects most of its data from auctions and I don't see that many e9's in their auction reports. My sense is that their data tends to be old for cars that don't change hands frequently or at auctions.

I just checked Hagerty's valuation tool for 2800's and 3.0's. See: http://www.hagerty.com/valuationtools/HVT/VehicleSearch Their #'s for 2800's match SCM's: $17.1K for a condition #2 car, and $23.8 for a condition #1. But their numbers double when you go from a 2800 to a 3.0 (which I don't believe). Still, their 3.0 numbers match my sense for the current market: $33.9K for a condition #2 car, and $57.4 for a condition #1.

 

[LarryE9E10]

SCM has lost its mind!

So, according to Keith Martin, a #2 CSL (with a City Pack, I assume) is worth... wait for it... $55,000. Really???? And a top condition CS driver is deemed to be worth $30,500. Andrew, please clean up Athena; I'll be driving up to Maine this weekend with your check for $31K. You too, Stan; I'll swing back down for GR8WHT as well. Both cars for $62,000 according to the "experts." What sales are these guys watching?

To add insult to injury, these SCM geniuses contend that my factory 2002 turbo (which I sold for what is, according to them, CSL money) is worth $5k less than a stock tii.

What's in the water in Portland?

 

[MyFemurHurts]

What's in the water in Portland?

I really dislike most car evaluators, whether its for classics or late model cars. It just seems that the values just aren't grounded in reality half the time.

For reference, I work in the car business. I can sell certain cars for below KBB wholesale, and it can be a terrible deal to a customer, but other cars I can sell for thousands over KBB retail, and it's a good deal to the customer.

At work, I obsess about market day supply, turn rate, demand indexes, cost to market, and price to market, as those factors usually determine the price I can sell the car for in a reasonable time. I've yet to see any pricing tool work well on every car, or even a good majority of them.

 

[Peter Coomaraswamy]

It's easy

Just take lots of pictures of the e9 in question and post it here, after it is disemboweled by our "crack" crew the buyer-or seller- will have a great sale price and I think a 5% commission should go to the donations department. We could then hire a cute little number crunching secretary to compile the information and then we would own the definitive guide to e9 pricing!

-or something like that

disclaimer** not all my million dollar ideas pan out

 

[vince]

So, according to Keith Martin, a #2 CSL (with a City Pack, I assume) is worth... wait for it... $55,000. Really???? And a top condition CS driver is deemed to be worth $30,500. Andrew, please clean up Athena; I'll be driving up to Maine this weekend with your check for $31K. You too, Stan; I'll swing back down for GR8WHT as well. Both cars for $62,000 according to the "experts." What sales are these guys watching?

To add insult to injury, these SCM geniuses contend that my factory 2002 turbo (which I sold for what is, according to them, CSL money) is worth $5k less than a stock tii.

What's in the water in Portland?

It's not Portland, it's Keith Martin. Even though he has a turkis roundie tii, he's not a real BMW guy - he's Porsche/Alfa guy.

I've taken my coupe over to the Oregon Festival of Cars in Bend, OR twice. Both times, it's been chosen to be part of the 'Parade of Cars' which ultimately drive across a podium area and the owners are interviewed by Keith himself. Both times, he seemed interested in my car and what I've done to it but if it was a 956 I probably would have got a lot more time in front of the microphone.

 

[HB Chris]

Keith can only report what he observes from the auction market. As we all know, many coupes trade hands privately for well above auction prices. Just a fact of life I'm afraid.

 

[jmackro]

It's not Portland, it's Keith Martin. Even though he has a turkis roundie tii, he's not a real BMW guy - he's Porsche/Alfa guy.

I suspect that Keith Martin doesn't get closely involved in putting together the price guide. Kind of like the chairman of AT&T didn't compile their telephone directories.

The booklet doesn't say where its numbers come from. I would assume auction data, but who knows?

 

[craterface]

Alfa bias

He loves and owns many Alfas, and cares enough to keep their values updated in the price guide (self interest?). He has had in the past my GTV 1750 as a collector grade B car, and a CSL as a C. So that is ridiculous right there.
I would say a City Pack CSL is minimum 80K in number 2 condition all day long.
Scott