Auto&Car

Mar 20 2017

The Average Car Auction Prices #auto #repair #manual

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The Average Car Auction Prices

Economy

Just like home values, the average price of cars can fluctuate depending on the economy. In a down economy dealers-only auctions sell cars for drastically lower than the market value. In open-to-the-public and collector car auctions prices will rise and fall depending on the state of the economy.

Condition

The average price of cars at auction also depends greatly on the condition. A mint condition collector car can sell for hundreds of thousands of dollars, or the same car in poor condition can sell for just a few thousand. Sometimes improvements like touched-up paint and patched up interior can add value, but personalization such as painting flames on the side can lower value because it is too personal. For dealers-only and open-to- the-public auctions, mileage can drastically change the value of a car also.

Rarity

Car manufacturer, Duesenberg, only produced cars from 1913 to 1937 so they are very rare causing their prices at auction to be anywhere from $300,000 to more than $1 million. Even the rusted and torn bodies of Duesenbergs can sell for several hundred thousand dollars. At the other extreme, a Ford Taurus has been mass produced for many years, so they do not go for much money at auction.

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