Access to data is only part of the Hagerty Price Guide’s renowned accuracy. It’s our familiarity with the industry and close association to the market that translates raw data into meaningful insight.
In other words, the values Hagerty Price Guide publishes are not programmatically compiled. We don’t rely on an algorithm to interpret our data. Instead, each value is filtered through our experts’ collective experience. Why? Because the classic vehicle marketplace behaves differently than the new or used car market does. Classic vehicles are an emotional purchase. Buyers scrutinize their details. And there can be a tremendous variance between cars of the same year-make-model.
Therefore, we make sure that we understand a vehicle’s whole picture before interpreting a sale price as a comment on the market. Factors like low mileage, full documentation, overall condition, rarity, and significant modifications can all greatly affect a collector vehicle’s value. Our team works hard to account for all of this.
But it doesn’t stop there. We also overlay other market factors, like inventory, demand, current trends of similar vehicles, and the general direction of the car market. And we consider developing fads and changing tastes among buyers.
Through this effort, you can be assured that the prices we report are fully considered, exhaustively researched and – most importantly – accurate.
