Originally posted by Timbo:
Thanks - couple questions: do you know if Lud's price table is based on reports of actual sales, or just ads or a "general feeling"? And when was it was compiled? If it were more than a few months ago, that would be a different market than it is now.
It was compiled within the past few weeks. It was based on input from a number of individuals, including myself.
Originally posted by Timbo:
Let me ask - how do YOU gauge the NSX market? Not being snide - I'd really like to know.
I use many sources of information about the NSX market, and I use all of them in determining what seems like a fair price.
One source is autotrader.com, which is the biggest listing source for dealers selling cars. When I look at listings there, I don't pay much attention to the top half of the listings when sequenced by price, since I consider those either "wishful thinking" or specialty cars. I look at the lower half of prices, and take into account the fact that most sellers and buyers expect to haggle 5-10 percent off the listed price.
Another source is actual sales. I am often contacted by prospective buyers and sellers who tell me of particular cars and the offers they have negotiated.
I adjust my estimates of fair market value based on condition and mods (although mods are rarely worth what the seller believes they are).
I have friends who are dealers who buy and sell used NSXs for a living. I bounce thoughts off them from time to time, and more often than not, they tell me I'm right on the money.
If you feel that the prices in Lud's table are not accurate, by all means feel free to post your opinion in
this topic which Lud has created. Be prepared to explain WHY you disagree - not just a "general feeling", but prove your statements by citing recent sales and ads.
Originally posted by Timbo:
Worth is a matter of opinion. I am an e bayer and I would without a doubt buy this car for 40.2k in a heart beat. The fact is all of the "so called auctions" that you have provided links to are not actual auctions. Being that an actual auction would sell the car to the highest bidder regardless of the ending price. Ebay is not a great source to gauge the NSX market.
I agree that eBay is not a great source to gauge the NSX market. However, I disagree when you claim that an auction which includes a reserve price is not "an actual auction". The reserve price is one feature of the auction process. It has been used for many years in commercial, in-person auctions, and is not something that was introduced by eBay.
FWIW, I don't think much of someone such as the seller of the $40.2K NSX, who puts something up for auction with a minimum starting bid
and a reserve price. These two features serve the same purpose - ensuring a minimum sale price. Using both of them on an auction sounds like the seller is not serious and is only interested in jerking people around. Just my O.
Originally posted by huckster:
hhmmmm. IMO common sense tells me that the nsx market is likely a little more depressed than it would have been 1 1/2 years ago---but not significantly so.
I disagree. Eighteen months ago, you had to pay in the low sixties for a nice '97. Now, you can get one for around fifty. That's a big drop. Maybe half of that decrease is due to the fact that the car is five years old instead of three and a half, but the other half is due to a drop in the market.
However, prices of the '91-96 seem to be holding fairly steady in that same period.