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Car Pricing in Hemmings
  • SnailslayerSnailslayer
    Posts: 175Expert Adviser
    I picked up an issue of Hemmings motor news today to flip through while waiting in line at the store. I looked through Hudsons of course and some other makes im interested in and follow and I found the majority of pricing to be way way out of line in comparison to any local market, ebay, craigslist and any other niche make model website. $10-20K for a run of the mill mid trim levels,4 doors, projects and the like for a car that brings 3-7K on evil bay.

    Does anybody actual sell / buy cars that are advertised in there? I can see it as a good marketing avenue for high end, rare, desirable, fully restored pre 64 cars, but what about the other 98% of the cars listed? If they are getting anywhere near asking prices i know where im selling my next vehicle, wow. Everyone complains about eBay pricing and bid wars, what about Hemmings?
  • 50C8DAN50C8DAN
    Posts: 864Platinum Member
    If you look at the auction summaries in the front you will see the notorious Steve McQueen Hornet that has bounced around ebay and other venues for some time. It sold for the astounding price of $61,000, and it was not even in that great of shape.
  • MikeWAMikeWA
    Posts: 1,440Platinum Member
    There are some in the latest issue that are even more outrageous- I'll try to remember to look tonight, so I can report tomorrow
  • MikeWAMikeWA
    Posts: 1,440Platinum Member
    Yep, they didn't have many nice things to say about the Steve McQueen Hornet that sold at the RM Monterey auction- Condition 4+. Selling price $61,000, average selling price $6,000. "When the (original) interior smells so bad you can't be in the car, for example, its not driveable."

    The other Hudson auction report was from Mecum at Monterey- '53 Hornet Convertible, condition 2, brought $190,000! They liked the condition, outside a couple of minor things, and were incredulous at the price (which amounted to over 200K with buyer's premium). They had average selling price at $115,000.
  • Park_WPark_W
    Posts: 2,051Platinum Member
    So what was the "hook" on the Hornet sedan that went for $193,000 at a different Monterey auction? Those folks smoking that much out there, or what? I read the results writeup and there was no mention of a notable former owner or anything.
  • MikeWAMikeWA
    Posts: 1,440Platinum Member
    No hook that I could see- just a nice looking 'vert. I guess we all just need to get comfortable with the fact that we're sitting on a gold mine! LOL
  • TOM-WA-TOM-WA-
    Posts: 485Platinum Member
    A FOOL AND HIS MONEY......
    THERE IS A SUCKER BORN EVERYDAY...
  • hudsontechhudsontech
    Posts: 4,038Platinum Member
    It is my belief that Hemmings Motor News does not publish realistic prices. I think they, like others, use auction prices and we all know they aren't realistic or true value prices. Like Tom says about a fool and his money. In times of economic distress, such as we are in now, speculators run rampant (applies to most commodities, like $3.50 a gallon gas for example). Most of these cars, not only Hudsons, are bought only to be flipped in 4 or 6 weeks or so down the line in hopes of finding somebody dumber than they are - and they usually do. In the meantime Uncle Fuzzy, down on the farm, who has a 1938 whatever reads the auction results and figures he's got a gold mine out behind the barn. Trouble is the gold mine has been sitting in the cow pasture behind the barn for 40 years and has sunk into the mud up to the roof line. But, to Uncle Fuzzy, that junker is worth at least a hundred grand going by the $150k a car (much more desireable than Unc's sedan) went for on the auction block.

    Hudsonly,
    Alex Burr
    Memphis, TN
  • BrowniepetersenBrowniepetersen
    Posts: 2,408Platinum Member
    Not much of a gold mine in these old cars as I see it. I tried and could not even get a break even price on my 36. The up side is that I get to keep it and let my kids figure out what to do with it.
    Brownie
  • Nevada HudsonNevada Hudson
    Posts: 943Platinum Member
    Stopped getting Hemmings ,as most of the adds are now by dealers. Very few private party adds anymore.
  • Nevada HudsonNevada Hudson
    Posts: 943Platinum Member
    Alex, wish gas here was $3.50 a gallon!More like $4.00!
  • 48Sed
    Posts: 90Hitchhiker
    Here in Ont. we are paying $5.46/gal sure glad the old Hudson has overdrive lol
  • 54SuperWasp54SuperWasp
    Posts: 519Gold Member
    @48Sed, Hi from Quebec. Our two provinces might be different in many ways but, looks like we are united with the price of gas! lol Michel
  • Kevin C.Kevin C.
    Posts: 409Platinum Member
    Here in East Tennessee it is $3.17 a gallon. On Tuesday I paid $2.99 in South Carolina!


    Kevin C.
  • SamJSamJ
    Posts: 1,404Platinum Member
    Here in Ont. we are paying $5.46/gal sure glad the old Hudson has overdrive lol

    There are about 3.8 liters in a U.S. gallon. You're really paying $1.44 a liter?
    HETfortyqtpi@earthlink.net (drop the HET)

  • hudsontechhudsontech
    Posts: 4,038Platinum Member
    Memphis has stations selling at $3.05 to $3.15. There are some stations that are selling in the $3.20 range. Memphis seems to be lower than most other places.

    Hudsonly,
    Alex Burr
    Memphis, TN
  • 54SuperWasp54SuperWasp
    Posts: 519Gold Member
    Yep! SamJ. $1.44 a liter for Super. regular sells at $1.31X 3.78=$4.95 That's why, when my friends from the Yankee or New-England Chapters come to my meet, I tell them not to forget to fill it up before crossing the border wich is 30 minutes away. Michel
  • essexcoupe3131essexcoupe3131
    Posts: 1,216Platinum Member
    Samj, you make me feel a bit better here at $1.44 a litre US, in your money that equates to $1.76NZ$,
    We can get depending on where you food shop between 4-30 cents discount a litre and has been as high as 50c
    quite often 15c, we are currently paying $1.98 were I buy my gas less any discount
    not to bad since our govt has put on extra taxes and looking at what you guys are paying

    Mike
  • TOM-WA-TOM-WA-
    Posts: 485Platinum Member
    I LOVE THIS FORUM.....POST A TOPIC ANY TOPIC AND SEE HOW QUICKLY IT TAKES OFF IN AN ENTIRELY DIFFERENT TANGENT..LOL


    FROM HEMMINGS PRICING TO THE COST OF A GALLON OF GAS IN A FEW SHORT POSTS
  • BrowniepetersenBrowniepetersen
    Posts: 2,408Platinum Member
    The cost of the low grade here in Utah is $3.58 per gallon. Sounds a bit high to me until others send in the prices on the west coast.
    Brownie
  • hudsontechhudsontech
    Posts: 4,038Platinum Member
    Tom, just like the old classicar chat page - everything from Aardvarks to Zebra's and everything in between. LO

    Hudsonly,
    Alex Burr
    Memphis, TN