Valuation NADA Inquiry

[robreil]

I stumbled onto the NADA website showing values of our machines. What I found was interesting and intriguing.

I would like to know why this pattern is showing itself as it is?
68/69 has a high value, 67 and 70 a medium value, and a 71/72 a low value.
I would think with the disc brakes on the 71/72 it would be MORE valueable?
Is there an age benchmark that will put the 71/72 in the next category next year and increase the value of those substantually next year?
Is it because Chevy produced more trucks in later years?
Any insight?

The following report is as of October 27, 2010.

1967 Chevrolet C10 Pickup 1/2 Ton Fleetside LWB
Original MSRP: $2,258
Low Retail | $10,100
Average Retail | $17,900
High Retail | $33,100

1968 Chevrolet C10 Pickup 1/2 Ton Fleetside LWB
Original MSRP: $2,408
Low Retail | $9,950
Average Retail | $17,700
High Retail | $37,800

1969 Chevrolet C10 Pickup 1/2 Ton Fleetside LWB
Original MSRP: $2,473
Low Retail | $9,550
Average Retail | $22,400
High Retail | $36,300

1970 Chevrolet C10 Pickup 1/2 Ton Fleetside LWB
Original MSRP: $2,692
Low Retail | $8,750
Average Retail | $15,800
High Retail | $33,100

1971 Chevrolet C10 Pickup 1/2 Ton Fleetside LWB
Original MSRP: $2,967
Low Retail | $5,950
Average Retail | $10,200
High Retail | $21,800
|
1972 Chevrolet C10 Pickup 1/2 Ton Fleetside LWB
Original MSRP: N/A
Low Retail | $5,950
Average Retail | $10,600
High Retail | $22,300


Low Retail Value
This vehicle would be in mechanically functional condition, needing only minor reconditioning. The exterior paint, trim, and interior would show normal wear, needing only minor reconditioning. May also be a deteriorated restoration or a very poor amateur restoration. Most usable "as-is".

Some of the vehicles in this publication could be considered "Daily Drivers" and are not valued as a classic vehicle. When determining a value for a daily driver, it is recommended that the subscriber use the low retail value.

Note: This value does not represent a "parts car".

Average Retail Value
This vehicle would be in good condition overall. It could be an older restoration or a well-maintained original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out. A "20-footer".

High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a "100 Point" or "# 1" vehicle *.
* "100 Point" or "# 1" vehicle is not driven. It would generally be in a museum or transported in an enclosed trailer to concourse judging and car shows. This type of car would be stored in a climate-regulated facility.

[cdowns]

all the vehicles iv'e bought and sold in the past 45years or so never had a book hand me a dollar

and during transactions the mention of NADA ends transaction for me

[robreil]

Originally Posted by cdowns

all the vehicles iv'e bought and sold in the past 45years or so never had a book hand me a dollar

and during transactions the mention of NADA ends transaction for me

I understand that. And even agree. But there is a pattern shown and I was wondering if there is some inside info that makes this the case.

From my perspective they should all be worth the same except some may like the disc brakes of the 71/72, and I like the grille of the 69/70, and some like the 67 small window. Other than that I could see no relevence. I just was wondering what would drive the spread of the numbers so much? The only thing I can think of is that these 71/72 is NOT YET 40 years old, or that the newer ones had a higher production number so were more plentiful.

Robert

[ChevLoRay]

I think the "Pattern" is one that someone with a job at NADA has, and that job is to create an actuarial table that follows some kind of format based on the figures generated by sales at auctions that are documented. Do they have access to every sale? What do you think? They know nothing of the back-lot deals, the good-buddy deals and/or the sales from any dealer who doesn't subscribe to NADA and/or document the sales that are part of their historical data. Nonoe of those tables are any better than the data that is fed into them.

[robreil]

So there are NO trends or value differentiations then to the years?
I guess value is based on option package, and condition for the most part, not the year.

Interesting.

[red71cheyenne]

I think it all depends on what one is willing to pay. The only time I ever saw the NADA used was when I was a young man I had to use my truck as collateral for a personal loan. The bank asked me what it was worth according to NADA and I said it would be in the middle range. Nice but not perfect. They loaned me the money based on what I said it was worth and they compared it to the NADA value. I've never bought one of our trucks off a lot though.

[gkesseru]

State of Maryland uses NADA to calculate the sales tax on vehicles unless you present a notarized bill of sale for actual cost. Could be expensive.....

"The national publication of used car values adopted for use by the Motor Vehicle Administration (MVA) is the National Automobile Dealers Association (NADA). The NADA guide provides a valuation of a vehicle for purposes of a loan, retail sale and 3 trade-in values (rough, average, and clean). This Administration uses the retail price when determining the fair market value of a vehicle for tax purposes."

[special-K]

I live in MD and always tell them I paid $200,the minimum amount they allow.I just did it last week.NADA knows nothing about the value of older vehicles and completely over looked them for decades.Now,suddenly,they are the authority?I don't think so.A guy like me or dozens of others on this site could assess a truck more accurately.There are far too many variables to list a set value guide on vehicles over 20 years old "sight unseen".I have a NADA book from 1973.Let's use that one,ok?