Posted by Eric B. [99.100.188.129] on Wednesday, September 25, 2013 at 18:21:03 :
In Reply to: my 2 cents..... posted by mclark [207.233.109.100] on Wednesday, September 25, 2013 at 16:12:24 :
No two trucks are the same and often the highly optioned truck is rusty so it sells for less than the plain jane rust free truck.
Comparing nice solid trucks or restored trucks would most likely result in trim and other options demanding a premium, but then I find that issues like choice of paint color or thoroughness of the restoration can effect the value more than optional parts. The main issue is that the guys that do really nice work (think Mike Verst's Crew Cab) aren't selling and if they do sell it is likely to happen quietly as there are 5 guys lined up to buy.
This limits the known sale prices and makes it hard to judge. There just aren't enough data points.
Tell me how many 1957 W100 108" WB trucks have you seen sell in the last five years? Three? Six? Not a lot of comparison points even if it was ten trucks and they are all in radically different conditions.
I've given this a lot of thought since Mark asked and I came up with a simple comparison. If you watch high end 100 point 1969 R/T Chargers with 440s cross the auction block or sell on eBay for a couple years you will get a good idea of value. There are established standards for a complete restoration on those cars and you can pick up a book or get a trained expert to inspect the car to see how correct and original it is. It will quickly be clear that certain options or paint colors often demand a premium and outlier prices can be ignored as there will be lots of data points.
This sort of vehicle to vehicle comparison can't be done with 1960 W300s for example as only one at most tends to come up for sale in a given year. With so few data points how do you decide if the trim raised the price of one truck or if it was the nicer paint job?
Eric