I have a real problem with Hagerty's valuation tool. Frankly, I think it is garbage. Actually, I have a problem with ANY insurance company, whose profits are presumably at least in part derived from paying out the least possible amount of cash for a destroyed car, touting themselves as the de facto classic car valuation portal. Seriously?
I bump up against Hagerty's valuation guide frequently in the course of my business because I buy a lot of cars, sell a lot of cars, and have a lot of customers who use Hagerty as their insurance company of choice. In the past I have been asked to 'justify' how much I charge for a restoration of a Jaguar, Aston, Ferrari, or whatever, because it apparently exceeds what Hagerty think the car is worth! Seriously, like I could care less what Hagerty think is a reasonable amount to spend on a car restoration...
As for their values, they are generally garbage. Obviously the E9 is of interest to the current topic of conversation, although I have countless examples of other marques where they clearly have no idea what they are talking about. Starting with the E9 valuation guide, I was amused to find that my 73 CSi doesn't exist. According to Hagerty, the CSi was only offered in 1974 and 1975. I was equally interested to see that my sunroof adds 15% to the value of a CSi (when I was forced to say my 73 was a 74 to use their guide). That's an increase of over 29 grand for the sunroof in a #1 condition CSi, despite the fact I would prefer it wasn't there. Wow.
Touching briefly on other marques, it is only very recently that Hagerty finally admitted that S1 E Types were made in 1967. They had previously incorrectly stated that S1 E Types ceased to exist in 1966. They STILL have Lightweight E Types listed as 1961 or 1962, despite the fact that the Lightweight E Types were all actually built in 1963. There were only 12 of them for goodness sake...not that hard to get something like that right.
Finally, in the past few months, I have tried to buy two Lamborghini Miuras in the course of my business. Literally last week I offered 950k on behalf of a client for a disassembled 1968 Miura and was told that we were so far off base that we weren't even going to get a counter offer. Hagerty have that car valued at 950k for a #1, 'literally the best in the world' example. They have a #4 'driver' 68 Miura at 740k, so goodness knows what they think a disassembled car like the one I wanted to buy is worth?! Unfortunately, I couldn't use the Hagerty valuation guide as a negotiating tool because the seller of the Lambo in question undoubtedly already knew said price guide was utter bollocks.
Sorry for the vent chaps, but Hagerty Shmagerty.
Cheers