NADAguides vs Hagerty Car Values

NADAguides book value

NADAguides (National Appraisal Guides) and Hagerty Car Values both have a decades long history of providing well researched car values, with Hagerty specializing in the classic car marketplace. By accessing vast amounts of vehicle data NADAguides and Hagerty Car Values are able to provide highly accurate valuations to both buyers and sellers. The pricing information both companies provide acts as a valuable tool across multiple vehicle types.

National Appraisal Guides (NADAguides)

When we attempt to value a used vehicle we use a number of data points. These data points include, but are not limited to, actual wholesale transactions (around 80% of the market with our relationship with NAAA) and retail transactions (through our relationship with J.D. Power and its PIN data), as well as asking price information from In addition, we have data from various OEMs and wholesalers and retailers of used vehicles that provide us the amounts for which they paid and sold their vehicles. We also take into consideration MSRP, invoice, equipment assumptions, as well as supply and demand and other macro- and micro-economic factors and the competitive landscape of vehicles. Our retail value is what a person could reasonably pay for a vehicle at a dealer’s lot. Our values are designed and intended to assist users in performing their own valuation of a particular used vehicle. The process by which users of NADAguides determine valuation is inherently subjective. Individual vehicles may have an actual value that is higher or lower than the estimated values created by us.

NADA has been around for over 80 years and is the premier valuation guide in the used vehicle industry. Customers include, but are not limited to: dealers, wholesalers, rental car companies, insurance companies, lending institutions, OEMs, government agencies, as well as individual consumers. We attempt to create the most accurate, market-reflective, unbiased vehicle values and we believe we do so each and every time one of our products is presented to the outside world.

NADAguides is additionally known as a credible source for pricing outside of the automobile industry. Comprehensive pricing data is also published for powersports, recreational vehicles, boats and manufactured housing.

Hagerty Car Values

To accurately determine car values, Hargerty Car Values starts by collecting large sums of data from a variety of sources. These sources include: public auctions, dealer sales, peer-to-peer sales, insurance valuations, and asking asking price data. This data helps Hagerty form a more holistic view of the current marketplace as each of these collection sources represent a meaningful portion of the classic car transactional market.

Collecting data is only the beginning. Meaningful and accurate interpretation of data as well as an understanding of the classic car marketplace are vital in order to reliably determine a vehicle’s value. The factors that determine the value of a 2 year old used car are very different than those of a 40 year old classic car.

Classic cars can have considerable variation in their value. Pricing can be wildly different even for vehicles that are the same model/make/year. Differences in condition, original parts, modification, documentation, and sales or whether a vehicle was sold at auction or in a private sale can significantly impact price. Understanding and knowing how to interpret this data in the context of the classic car marketplace are key to a successful valuation process.

To understand how and why a vehicle sold for the price it did, Hagerty uses human experts instead of relying on programmatic algorithms. These human analysts are able to better determine the nuances within the classic car market. They can more clearly understand the specific reasons why a vehicle sold for the price it did - something that is considered especially important in the highly variable classic car market.

In addition to looking at both micro and macro sales data, Hagerty’s valuation process considers market demand and inventory, general economic conditions, recent style trends and vehicle fads, and the general direction of the greater auto marketplace.

This data collection and analysis is an ongoing year-round process that results in the publication of the Hagerty Price Guide three times each year (January, May, and September).