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The (few) automatics there have been muddy the numbers somewhat since they sell for a fraction of the price of manual cars. An adjustment for mileage is really needed too - but I don't think that can be easily done.
Just need to spend sometime putting the BAT summaries into a spread sheet and run different classes. I think it will really show mileage as a large determinant.
I did that before with the info from the database that was being run on here. Definitely a dip at the mid-mileage range, but interestingly a tick up for some very high mileage cars that had heavy mods.
There were likely a lot more trashed cars in that database.
Acknowledging it is dangerous to make decisions based on a limited set of data, or the illusion that you have sufficient data. Nonetheless, the BAT data is probably the best and most immediate data we have to deal with.
In the following table ,the orange line (roughly) intersects the second best price in a relatively close period. The white line, the second worse. This would perhaps eliminate outliers on the upside and the downside.
It looks like there may indeed have been some irrational exuberance a few months back, but there looks to be decent support around $40,000.
$40k is what I found was a reasonble midpoint in my searches these past 6 months while looking to purchase. That was looking for something that wasn't crazy low miles, possible had some mods and the standard colors like red, MB or black. I found prices seriously swung when it came to CW cars (which was my first choice in color) confirmed low mileage and bone stock. You can find a really nice car between $40k-$50k if you don't mind red and some mods. I lost out on two cars by hours at a little over $40k so you have to be quick.
Market's definitely down, but I'm not sure that car is a bellwether for the top market. Very nicely done, but modified and with a mismatched interior. I like it, but I think a bone stock car would have done better like-for-like.
Market's definitely down, but I'm not sure that car is a bellwether for the top market. Very nicely done, but modified and with a mismatched interior. I like it, but I think a bone stock car would have done better like-for-like.
I believe that $105k car was a 5,000 mile one, so I would remove the data point as an outlier. Also, the lowest points are probably for ones with very high miles, issues, poorly modded, etc.
I totally agree there needs to be a correlation to mileage
So if someone was to put together a program to corelate the, say 10, key factors in persons buying decisions what would they be?
Then the chore would be to go through the BAT postings and plug in data.
Buyers location, age, background, education,, wealth, hours playing video games, number of Initial D posters, married, with or without children, garage space, etc., would be difficult data to get, but likely important determinants.
There was a survey on here of age brackets of FD owners. It was very informative.
It would be interesting to do a "then and now" comparison.
Not too large of a chore. I already have a tracking spreadsheet which pulls in data from all RX7 BAT listings. I'm looking to sell my 94 Montego Blue LHD 48k miles and have been trying to figure out a reasonable price. Lots of good web scraping formulas you can add to google sheets.
11-20-22, 05:53 PM
