How accurate is the Hagerty Valuation tool?

[autoxcuda]

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.

That's cause you follow them way more than they do. No way their valuation tool/people/robots can keep up with what you are doing.

The hard part is being you own critic with staying as objective and emotionless as possible. Easier said than done.

x-factor with 70's could be the color. There's a lot more desirable 1970 colors than 1969. I'm thinking a high impact 70 R/T conv might be closer to a 69 R/T conv with a non desirable color than comparing same color cars 69 vs 70. That's something that Valuation tool doesn't/can't factor in. ...and subject you've got more experience than you desire about.

 

[Stereolab42]

Maybe I'm biased (actually I'm extremely biased) but Hagerty is mainlining crack in those screenshots. 70 Coronets are big bold and beautiful and a real vert R/T in great condition would be 75k all day in my book.

 

[XS22J8R]

Looks are subjective and the 70 Coronet/Superbee styling has been described as love it or hate it. I don’t love it, or hate it, but like it. I like 69 better though.
When chasing after unicorns, beggars can’t be choosers. In the mid 90s I was looking for a Challenger convertible for several years to no avail. Finally one turned up that was more than I wanted to spend, and its FK5 was a color I was sort of mehh about.
I thought about how long I’d been looking and how with the way things were going, I may never find one that checked all the boxes. So I relented and bought the car.
Best money I ever spent, it’s my favorite car in my little fleet and I wouldn’t sell it now for any amount of money!
The Exner era forward-look cars were controversial and many including me thought and still think them sort of ugly, but that hasn‘t stopped them from being very collectible and valuable. I’m not sure why the ‘70 Coronet styling would be a different situation?

 

[betmarkllc]

Here is a pic of mine. U code. Loaded. MCACN score 949.5. Hagarty would only insure for 65K. I argued that I have been offered north of 100K numerous times over the years,and, if I want to sell it overseas, 150. Today. Autoxcuda is correct as their database is thin on this particular car, as my agent explained. I could argue further if I- they, get a independent appraisal, than the underwriter could possibly go out of their box. I was more concerned if the car was seriously hurt, or totaled. Could I replace it with that amount? Based on the OP's original premise, I know I am under insured. Just my experience.

 

[moparedtn]

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...
...good luck

my $1.25

Sorry, you earned this one :


Ok, the original question was "how accurate is the Hagerty Valuation Tool?"
Well, let's see what Hagerty says about that:

"Hagerty Valuation Tools® begins with the Hagerty Price Guide, which uses a thoughtful mix of sales data and automotive expertise.
Hagerty Price Guide has been published since 2006 and is compiled by more than a dozen people who monitor auction results, asking prices, and private sales activity for more than a million owners.
Cars come in a variety of conditions and values can vary greatly. As a buyer or seller, correctly classifying a vehicle’s condition is crucial. Many sellers overrate the condition, while overeager buyers tend to do the same for potential purchases.

Correctly classifying a vehicle’s condition is essential when assessing value. Hagerty Price Guide publishes values according to four grades."


More on this from their site, including how to grade the condition of cars in their price guide:
Classic Car, Truck and Motorcycle Values | Hagerty Valuation Tool®
There you have it - they use all manner of actual market activity to determine values - but here's the important part:
Be brutally honest about a cars' condition. Chances are, it isn't as high as you wish.
Their condition categories are based on several of those "concourse" type national events, where judging is tough and
critical...

Now - in my own opinion, knowing how they do what they do versus what anyone else does to determine values, my
answer would be "VERY accurate - probably the most accurate guide out there" - and yes, the '70 Coronet is not as
desirable as the '69, never has been (remember: the A12 cars are probably skewing things a bit on the '69, too).
I'll give myself a mini one of these now:

 

[dart4forte]

It’s a reflection of the auction market. Doesnt reflect private sales.

 

[autoxcuda]

Here is a pic of mine. U code. Loaded. MCACN score 949.5. Hagarty would only insure for 65K. I argued that I have been offered north of 100K numerous times over the years,and, if I want to sell it overseas, 150. Today. Autoxcuda is correct as their database is thin on this particular car, as my agent explained. I could argue further if I- they, get a independent appraisal, than the underwriter could possibly go out of their box. I was more concerned if the car was seriously hurt, or totaled. Could I replace it with that amount? Based on the OP's original premise, I know I am under insured. Just my experience.

View attachment 1306260

Well, there's your "color factor" poster child. Might be the most desirable color other than FM3 Pink for a 70 Coronet. And maybe more universally liked than pink (even though less valuable than pink). Even the promo magazine ads ran Sublime Coronets.

IMHO, the color is the wow factor that gets the multiple unsolicited offers. Those are the "gotta have it" folks at the higher end of the bell curve.

A Y4 gold, F4 green, T3 light brown, T6 brown one, might be as much as $20K less ??

 

[XS22J8R]

The one I’m contemplating is triple blue. Funny thing I was suspicious of the fender tag, and it says V8W. A emailed a tag guru and he opined that the tag was a repro.
The owner just sent me a scan of the broadcast sheet and says the original tag is in his car folder for it. I checked the sheet and it reads V8B, it is coded for the blue stripe and the repro tag is wrong.
Its always the other way around, desirable features get added, not subtracted on repop tags!
The car was repainted 30 years ago, I guess it was a different world then.
I was reminded of a FY1 70 Coronet R/T vert at Volo recently advertised over $100K, and sold, supposedly was bought at Mopars in the Park for $80K and flipped.
There was a color changed to FE5 one on eBay not long ago, in this area somewhere, my recollection is it ended at $55K reserve not met, I can’t find the listing now.
Hagerty needs to get their act together on these cars real values IMHO.

 

[autoxcuda]

The one I’m contemplating is triple blue. Funny thing I was suspicious of the fender tag, and it says V8W. A emailed a tag guru and he opined that the tag was a repro.
The owner just sent me a scan of the broadcast sheet and says the original tag is in his car folder for it. I checked the sheet and it reads V8B, it is coded for the blue stripe and the repro tag is wrong.
Its always the other way around, desirable features get added, not subtracted on repop tags!
The car was repainted 30 years ago, I guess it was a different world then.
I was reminded of a FY1 70 Coronet R/T vert at Volo recently advertised over $100K, and sold, supposedly was bought at Mopars in the Park for $80K and flipped.
There was a color changed to FE5 one on eBay not long ago, in this area somewhere, my recollection is it ended at $55K reserve not met, I can’t find the listing now.
Hagerty needs to get their act together on these cars real values IMHO.

Blue stripe would be REALLY cool. And if the white stripe on it now is vinyl (not painted), it would be an inexpensive and quick fix.

real tag (proof to come), buildsheet, decent color, odd/trick stripe color that sets it apart from others... sounds like good car to have and enjoy. Not sure if the blue stripe adds to value, but I think for a true Mopar guy like yourself, it would add to the enjoyment of ownership. To a gold chained ding-a-ling that buys POS's from Volo, doesn't mean much.

That $80K seems like a good comp.

 

[XS22J8R]

It’s got a blue stripe now. Repop tag codes it for white.
The scan of the sheet I was emailed this morning was pretty hard to read but I made out the V8B code.
I forwarded the sheet scan to the tag guru and he pointed out the body color code was B3 not B5, and a black top not white.
The repop tag said B5 with V3W.
The stripe, seat color, and B7 interior panel paint codes on the car are the only factory original colors present on it now per the BCS.
The body color and top were changed.
A car rolled off the line with a unique but sort of ugly color combo. With all the changes from original this isn’t a car I am excited about. Thanks to Dan for his help on the tag and sheet review, and to all who commented in this thread … my unicorn search now resumes.

 

[autoxcuda]

B3 isn't all that bad.

But the entry price, probably doesn't justify a color change back to B3. And that log rolls into a full resto...on and on

So you'd have to just live with the B5 color change. But this car sounds more and more like it's not a match for you. Great car for a Volo or a dealer to flip. They'll hide that older restoration in the pictures and lighting, gloss over the color changes, write up a fluffy ad...

Does it really have the original tag with it? or just original buildsheet?

 

[XS22J8R]

He says the original tag is in his folder for the car. He didn’t send me a picture of it so I don’t know if it’s rusty or if a repop was made to reflect the color change.
The car had a number of issues and needs a refresh. Trim is tired, paint is 30 years old and needs a detailer to buff, color correct and so forth, BF Goodrich Belted T/A tires must be at least 35 years old so needs tires. 3 out of 4 trim rings are crummy aftermarket ones. Parts store spatter painted trunk floor.
The original paint scheme is sort of ugly but would be cool from a one of one car standpoint if it was still original, but it’s not.
I like cars that look right. I actually prefer unusual colors, and unintentionally piss off my fellow E body fans when I say I’ve seen enough purple and limelight cudas and Challengers over the last 40 years and don’t need to see any more.
So brown cars or metallic green cars are welcome in my fleet, call my garage the island of unwanted toys. Send em my way please!
I also don’t mind NOM. Leave the **** obsession to numbers stamped into the block and trans to the GM guys. My VIN tells me what the car was born with!
But I do want my cars to look pretty much exactly like they did when they were brand new.
That‘s how I roll. Your results are welcome to vary!

 

[autoxcuda]

If you don't like B3, you don't like B3.

Personally, I take it over any brown or gold. But you're the one buying, not me. I couldn't find a picture of a B3 70 coronet conv.

Here's two 69's in same B3 combo. I do like the white top.

I took this pic in real sunlight not a staged setup. I think is B2 which is a shade lighter I believe. But may be something else altogether.

 

[XS22J8R]

I didn't say I don't like B3. I don't like a car that is color changed and this one is now painted B5. If the car I was interested in still was matching the original tag/BCS I'd be interested.
I much prefer white tops over black tops on convertibles, but when my Challenger convertible goes out, the top is almost always down, and if I get a Coronet Convertible the same will be true.
My Challenger has been at 100s of shows and cruises over the last 25 years and of the thousands who've seen it, you could count the number of them who know the top is white with one hand!
B3 with a black top would be just as welcome in my fleet as brown, green, tan or bronze.

 

[autoxcuda]

I didn't say I don't like B3. I don't like a car that is color changed and this one is now painted B5. If the car I was interested in still was matching the original tag/BCS I'd be interested.
I much prefer white tops over black tops on convertibles, but when my Challenger convertible goes out, the top is almost always down, and if I get a Coronet Convertible the same will be true.
My Challenger has been at 100s of shows and cruises over the last 25 years and of the thousands who've seen it, you could count the number of them who know the top is white with one hand!
B3 with a black top would be just as welcome in my fleet as brown, green, tan or bronze.

Yep, I get you now. The color change just eats at an owner. And it's just too costly to change back. This car seems stuck with the wrong paint.

It's value with the wrong paint is still too high to justify a complete repaint.

 

[rbkt65]

not sure how accurate they are but i have an old dd 65 coronet sw that they say is worth 14k. not sure what they are smoking but i think i might want some.

 

[Fran Blacker]

Is this Hemi Satellite convertible auto Haggarty says its worth $109 k?? It's a number 3 condition, last year about $80k Haggerty.

 

[autoxcuda]

Is this Hemi Satellite convertible auto Haggarty says its worth $109 k?? It's a number 3 condition, last year about $80k Haggerty.

View attachment 1306432

Another very specific model and engine combo with low production and not many sales. Doesn't play well with Valuation tools.

 

[betmarkllc]

It’s got a blue stripe now. Repop tag codes it for white.
The scan of the sheet I was emailed this morning was pretty hard to read but I made out the V8B code.
I forwarded the sheet scan to the tag guru and he pointed out the body color code was B3 not B5, and a black top not white.
The repop tag said B5 with V3W.
The stripe, seat color, and B7 interior panel paint codes on the car are the only factory original colors present on it now per the BCS.
The body color and top were changed.
A car rolled off the line with a unique but sort of ugly color combo. With all the changes from original this isn’t a car I am excited about. Thanks to Dan for his help on the tag and sheet review, and to all who commented in this thread … my unicorn search now resumes.

I don't know man. Not my money obviously, but the real combination appears kind of cool, as a unicorn combo. Live with the body color for now, swap out the easy stuff- top, stripe. Would be a cool car. I think, you should re think it. When is the last time you saw something like that? These cars were at the end of their life cycle. I would be curious to see how late it was built. The price needs to reflect that obviously. IMO.

 

[moparedtn]

It’s a reflection of the auction market. Doesnt reflect private sales.

Sheesh.
It's as if people can't read (or choose not to).....
Again, directly quoting their own statement (as posted directly above in my last post), they categorically state that their
values come as a result of being:
"...compiled by more than a dozen people who monitor auction results, asking prices, and private sales activity..."

Dig? Hagerty pays a dozen employees to do nothing more than keep up with those stated market results!!