All true,
But when so few vehicles of any particular type are for sale, the prices for the most recent sales carry a lot of weight.
My wife sells houses. Part of the sale process is to pull the data from recent sales of similar houses in a specific geographic region. If the last sale was from a Sheriff's Sale, or foreclosure, that low price has an adverse effect on the comp values.
I think with our AFV hobby, it goes the other way... A high sales price of one, colors the expectations of the ones that follow.
|