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Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
The high prices drove enthusiasts away from the market, and cars passed from investor to investor with little or no profit gained. [18] The 1980s boom was followed by 1990s bust, and the values of classic cars plummeted, causing most owners to lose considerable portions of their investment portfolio values. [33]
Vehicle Appraisals [ edit ] Based on his extensive experience as an on-air commentator for the Mecum Collector Car Auctions, in which he views and/or evaluates approximately 40,000 vehicles per year, Stephens offers comprehensive and detailed appraisals on classic, investment-grade automobiles through his subsidiary, Ultimate Garage Appraisals.
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A classic car is typically described as an automobile 25 years or older, although a car's age is not the only requirement it must meet before being considered a "classic." ." However, a standard criteria for recognizing cars as classics does not exist, since different countries use their own rules and have their own regulations for classifying potential c
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During that time, he was approached by a prospective buyer who eventually declined the $500,000 sale price, which represented the amount of debt Mecum owed. [3] The company auctioned its 50,000th vehicle in 2008. [6] Mecum Auctions was headquartered in Marengo for years, [7] [6] before relocating to Walworth, Wisconsin in 2011. [8]
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