Is this outdated?

[Steve Jelf]

Should these numbers be higher due to inflation? If so, how much? If they should be higher, should some be increased more than others? Which ones and how much? Or are these still valid evaluations?

http://dauntlessgeezer.com/DG99.html

This is what caused me to ask:

With all due respect, this article does not take inflation in consideration. Nor the fact that some things, such as body work and paint prices and processes have increased dramatically in the past 10 years, as have new parts prices. Also location. As we all know, rust belt cars, even modern cars, prices are substantially lower than dry area prices. That’s why Nada and KBB ask for a zip code as part of pricing a vehicle. Many in our hobby seem to want to keep the market artificially deflated,for whatever reason, but even looking at worth/value being a “dollar in dollar out” equation, there are no running $5,000 model T’s. Price an engine for example. Price it where you feel comfortable and someone will buy it. Some will think you and/or the buyer are nutz, but that doesn’t matter.

[Henry K. Lee]

Someone has been doing their homework in my opinion.., we are in different times, uncertainty, and interest. I believe my dear ole Dad says it best..,”it is only worth what a person is willing to pay at the time of the sale”.

Never buy a vehicle for an investment, buy it as a tool or enjoyment only.

Hank

[TXGOAT2]

The dollar isn't worth a dime. Policy is making things worse.

[John Codman]

To me, the lower-end cars are worth a bit more then in the article. The high-end cars are worth considerably more. The ones in-between are about right. Asking and selling prices are not the same thing. When I bought my '27 Touring car, Massachusetts demanded a sales tax on $13,400 which was the "Blue Book" price at the time. There is no way that the car was worth anything like that much. I probably couldn't get that for it now with about $3,000 in parts and probably 350 hours of labor invested. I believe that I could never come close to breaking even on it, but as was posted earlier, if you are in this hobby to make money, you should probably find another hobby.

[TRDxB2]

Beauty is in the eye of the beholder and so is price. In an auction the price of an item has much to do with the number of people who want/need it and how many are left. The value of an antique/vintage item is entirely dependent on the memories of that generation (fond memories of having owned one or always wanting to own one but not being able to afford it then). How much do you think a 1965 Shelby Cobra 427 is worth today? Then ask yourself if you were in an auction and the Going, Going.... price was $10,000 for one that was in Good to Excellent condition what would you bid if you could afford to knowing these prices? That's the answer.
Data based on 39 auction sales.
Highest Sale Value $5,940,000 - Lowest Sale Value $31,860
Perfect Condition $593,600 - $5,940,000
Excellent Condition $140,000 - $593,600
Good Condition $84,000 - $140,000
Fair Condition $31,860 - $84,000
Median Sale Value $140,000

$400 in 1915 is equal to about $11,000 Today. $5/day in 1915 = $17.25/hr Today

[Burger in Spokane]

Walk this out a little bit .... the Cobra reference ....

A friend of mine owns a 66 example of this car. I found it and he bought it,
with help from his parents, in 1981, for the princely sum of $45K. We were
just out of high school, and he already had a 67 GT500. Today, both cars are
paperweights, holding down the floor in his garage, because some "outside force"
value says they are worth "X".

He, like me, say cars like this were worth more, when they were cheap "beaters",
because you could just take them out and enjoy them. The VALUE being in the
pleasure of use and ownership, NOT some externally inflated dollar value that
makes the threat or concern of theft or damage so great that you can no longer
enjoy the cars !

For me, "value" has no less than two meanings. The the meaning I value more
is the pleasure I get from something. We only get one life, and all those dollars
have proven meaningless to everyone who's had them, when our time runs out.
But good times and pleasure had are the place we all sit when the game is over.

That, friends, is a concept that is never outdated.

[TXGOAT2]

It seems to me you could still enjoy driving the wildly-appreciated Mustang, since even with some added use, it would still be a very valuable car. It might actually cost less than putting miles on a comparable new Super'stang. Personally, I wouldn't want to destroy one, old or new, even if I could afford to. But cars can be driven enthusiastically without destroying them. Un-driven re$toration$ depreciate too, in most cases, and they carry a considerable expense in upkeep, secure garaging, etc.

[speedytinc]

Should these numbers be higher due to inflation? If so, how much? If they should be higher, should some be increased more than others? Which ones and how much? Or are these still valid evaluations?

http://dauntlessgeezer.com/DG99.html

This is what caused me to ask:

With all due respect, this article does not take inflation in consideration. Nor the fact that some things, such as body work and paint prices and processes have increased dramatically in the past 10 years, as have new parts prices. Also location. As we all know, rust belt cars, even modern cars, prices are substantially lower than dry area prices. That’s why Nada and KBB ask for a zip code as part of pricing a vehicle. Many in our hobby seem to want to keep the market artificially deflated,for whatever reason, but even looking at worth/value being a “dollar in dollar out” equation, there are no running $5,000 model T’s. Price an engine for example. Price it where you feel comfortable and someone will buy it. Some will think you and/or the buyer are nutz, but that doesn’t matter.

I have seen several running or easy to get running T's change hands recently in my area for under 5K. Yes a dollar is worth less, but you need to take into account that demand is dropping like a rock. Old guys still want em, but they are dyeing off. Prices on pre 16 cars are dropping. The new crop of drivers aspire for a Vespa. From what I see, of the T's changing hands, (not ebay asking prices) your pricing on the 17-27 seem close.

[jiminbartow]

It is a mystery to me too as to why Model T owners have always kept the Model T values unrealistically low. Most people unfamiliar with Model T’s assume the value of a nicely restored Model T exceeds $20,000.00. We should allow them to determine the values. Then perhaps we can come closer to reimbursing ourselves for the costs of restoration instead of doing it for love and consistently loosing out on the effort when it comes time to sell. Jim Patrick

[TXGOAT2]

Classic Vespa motorbike all original!! Converted to electric for 0 emissions all LED lighting finished in hot pink with retro banana bike seat in lemon yellow with hot pink paisley pattern also porta walls bermuda bicycle bell and has 24 rear view mirrors in classic chrome for a custom flair that can't be beat!

[TRDxB2]

Things that affect the cost of things. Inflation, labor, material processing & manufacturing, Technology, taxes, transportation of material and goods, quality etc..
For many collectables its "provenance" Three exact Model T's to the torque & color of every nut & bolt, just one engine number apart, one driven by Henry Ford, another By Stan Laurel, the third by someone's Uncle
But in the end its always its a matter of "supply & demand": what the buyer is willing to pay and what the seller is willing to accept.

Inflation isn't always what it seems to be.
Iowa as an example
Average cost of a gallon of gas in 1966 $0.31, in 2021 $2.98
Minimum wage in 1966 $1.25/hr so for an hours worth of work one could buy 4 gallons of gas and the Tax on fuel $0.07/gal
That $1.25 is "today's money" is $10.53 or 3.5 gallons of gas but the Tax on fuel is $0.30/gal. So it the cost of the fuel is less but the Tax is higher and the Politicians blame manufacturing.

[John Codman]

Things that affect the cost of things. Inflation, labor, material processing & manufacturing, Technology, taxes, transportation of material and goods, quality etc..
For many collectables its "provenance" Three exact Model T's to the torque & color of every nut & bolt, just one engine number apart, one driven by Henry Ford, another By Stan Laurel, the third by someone's Uncle
But in the end its always its a matter of "supply & demand": what the buyer is willing to pay and what the seller is willing to accept.

Inflation isn't always what it seems to be.
Iowa as an example
Average cost of a gallon of gas in 1966 $0.31, in 2021 $2.98
Minimum wage in 1966 $1.25/hr so for an hours worth of work one could buy 4 gallons of gas and the Tax on fuel $0.07/gal
That $1.25 is "today's money" is $10.53 or 3.5 gallons of gas but the Tax on fuel is $0.30/gal. So it the cost of the fuel is less but the Tax is higher and the Politicians blame manufacturing.

As to the map: Be careful, gas tax by itself is meaningless. Massachusetts (for example) has a relatively low gas tax, but property taxes are high, and the Commonwealth has a state income tax with very few deductions or exemptions. Florida has a high fuel tax but no state income tax and moderate property taxes. You need to consider the whole package. Personally, I would rather have a high fuel tax and lower income and property taxes. I can control the fuel that I use, but I'm stuck with the property and income taxes.

[TRDxB2]

As to the map: Be careful, gas tax by itself is meaningless. Massachusetts (for example) has a relatively low gas tax, but property taxes are high, and the Commonwealth has a state income tax with very few deductions or exemptions. Florida has a high fuel tax but no state income tax and moderate property taxes. You need to consider the whole package. Personally, I would rather have a high fuel tax and lower income and property taxes. I can control the fuel that I use, but I'm stuck with the property and income taxes.

The point is that the price of an object is dependent on a set of criteria. Income Taxes percentages are vary by State and property tax percentages usually by County, some times City are dependent upon the cost of services they provide. Then these amounts, within limits, are available for Federal Tax itemized deductions to reduce the amount of Income one needs to pay tax on. There are also large variations in Property values based one where you live. Here are two similar looking homes in different Cities. Property values vary by supply and demand (supply by where someone chooses to live and the number of available units in that area). Property Tax income needs to cover the cost (labor & materials) for services provided to the residents.
This equates to cost of living
Property Tax Rate for the City and County of San Francisco is currently set at .640%. That Home $9,784
Property Tax Rate for the Peoria County of Illinois is currently set at 2.32% in 2021. That Home $3,826