NADA vs market price August 08, 2013, 05:16:55 pm Yahoo Message Number: 141902I think I've mentioned this before, but I believe there is no better way to assess a re-sale market price (for anything) than eBay. This may hold especially true for RVs - LDs or SOBs. IMO, the best way to to really get the pulse on current pricing is to simply sort the listings by auctions ending soonest. Here, for your perusal, is a no-reserve auction ending in 4hrs - note the 50% difference between NADA and 53 bidders (so far) who think otherwise: http://cgi.ebay.com/ebaymotors/NO-RESERVE-2003-HOLIDAY-RAMBLER-ADMIRAL-SE-36FT-CLASS-RV-MOTORHOME-2-SLIDES-/370868355709?pt=RVs_Campers&hash=item56597a027dUnless you are in sales, it's hard to get a handle on just how much divergence there is between what you think your asset is worth and what others are actually willing to their spend hard earned money. For those considering selling their LDs, there probably isn't a better training tool than watching real live action taking place on eBay.
Re: NADA vs market price Reply #1 – August 08, 2013, 05:53:12 pm Yahoo Message Number: 141905"there probably isn't a better training tool than watching real live action taking place on eBay." Given the prevalence of "sniping" (last-minute high bids), there's very little to be learned from watching an in-progress eBay auction, because what looks like a low price now could increase by 20% or more in the final minutes of the auction... or on the other hand, the sale could fall through if the reserve is not met. If you want to compare prices on eBay, use the advanced search feature and only look at *completed* auctions--the ones whose prices are shown in green. That way you'll be seeing actual selling prices, not just wishful bidding. But I'm not convinced that even eBay selling prices have much relevance to a Lazy Daze's value, because LDs just don't show up very often on eBay, so you're looking at a very (and therefore potentially misleading) small statistical sample. With a mass-produced brand such as Fleetwood or Holiday Rambler, it would be different. For example, seventy Holiday Rambler RVs (including all types) have been sold successfully on eBay in the past three months. In the same period, there have only been four successful LD auctions. Since those four rigs spanned a wide range of model years, sizes, and conditions, those eBay sales don't offer much of a basis for making broad generalizations about LD selling prices.Andy Baird http://www.andybaird.com/travels/
Re: NADA vs market price Reply #2 – August 08, 2013, 06:08:44 pm Yahoo Message Number: 141906I never thought of Ebay as a spectator sport. When I want to research going prices I go to the Completed listings.http://tinyurl.com/kkgagsq this is the 13 page of a generic RV search. $7200 to $8000. about one in 5 sold.http://tinyurl.com/mt5s3juThis is the only LD that comes up, a '92 that sold for $6300[Non-text portions of this message have been removed]
Re: NADA vs market price Reply #3 – August 10, 2013, 12:09:43 pm Yahoo Message Number: 141922The RV I linked to the other day ended up selling for $26,300, about 47% off the NADA estimated value. Completed listings give a good overall impression of how most people (and dealers) overprice/overvalue their vehicles/goods. Just a quick glance indicates something on the order of 5 out of 6 do not meet their stated reserve. One can promote any/all kinds of rationales, statistics and opinions to support their respective positions & beliefs. (For example, how one brand is unique & superior to others. While it may be 'actually' true, only the breadth & depth of potential buyers makes it reality.) However, the only true test is actual market selling price aka money talks, BS walks. Auctions ending soonest give a sense of urgency (or lack thereof) for certa
Re: NADA vs market price Reply #4 – August 10, 2013, 03:19:57 pm Yahoo Message Number: 141923"Completed listings give a good overall impression of how most people (and dealers) overprice/overvalue their vehicles/goods." As a generalization, that's true--people tend to overvalue their property when selling it. They think "Gosh, I've put $5,000 in upgrades into this rig--it has to be worth more a few thousand more than the average selling price!" Unfortunately, that's often not the case. "Just a quick glance indicates something on the order of 5 out of 6 [RVs sold on eBay] do not meet their stated reserve." Which could indicate they were overpriced... but it could also mean that eBay just isn't a good place to sell your rig. My admittedly unscientific impression is that private sales tend to do a lot better for the seller.Andy Baird http://www.andybaird.com/travels/
Re: NADA vs market price Reply #5 – August 10, 2013, 04:07:24 pm Yahoo Message Number: 141925Quote from: Andy Baird""As a generalization, that's true--people tend to overvalue their property when selling it. They think "Gosh, I've put $5,000 in upgrades into this rig--it has to be worth more a few thousand more than the average selling price!" Unfortunately, that's often not the case." On the other hand (you have different fingers - sorry) if you under price it you'll get multiple offers immediately. Our seller had receipts for almost $16,000. in extras and sold it for $16,500. He added four solar panels, HWH jacks, Gear Vendor over/under drive and a lot of other goodies. That was for our '89 TK in 2001. When I worked for a RV dealer it was the general opinion that a used RV, two years old, was the best buy. The original owner had time to add all the extras and to work out any bugs. Of course they never told a buyer that!Karen - trying to get used to life in a senior village :-(
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