02-05-2020
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#30
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Join Date: Sep 2008
Location: Mullica Hill, NJ
Posts: 2,631
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Re: FS: 1991 Chevrolet ZR-1 NCRS Top Flight (99.5%) survivor. 9894 miles
Quote:
Originally Posted by spork2367
A little statistical analysis shows that the market trend is still on a downward slope. If you believe that in general, mileage and condition go hand in hand (and they almost always do), you can come up with a formula that adjusts all the prices removing mileage(condition) as a variable to just look at the trend of average selling price over time. I did it based on two calculations. One using just the data from BAT sales and one assuming a 0 mile car is worth 60k and a 50,000 mile car is worth 17k.
When you adjust the BAT values based on the slope intercept formula derived from those graphs, you end up with a market trend graph for the sales adjusted for mileage. Both show a steady decline in average selling price. Which frankly, matches Hagerty's charts as well. The Hagerty trend shows average selling price dropping around 3k from 5/17 to 1/20. My derived data from the BAT sales shows a drop of around 3.5k from 1/17-1/20.
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Nice work!!!
Marty
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