I have a 2003 EVO, which I got new that year with 4 miles on the odo. I've been checking the trade in/resale value online, and the numbers are all over the place. The car has about 56K on the odo, has always been garaged, no mods (other than a cruise control) and is in excellent condition. Values are as follows:

Edmunds
Trade in: $9,670 Private sale: $10,616 Dealer retail: $12,029
NADA
Trade in: $11,400 "Clean" retail: $13,975
Kelley Blue Book
Trade in: $16,436 Private sale: $18,771

All numbers are based on the same location, condition, features, etc. Needless to say, I like the Kelley figures best. Any comments on these variations appreciated.

TIA,

David

 

I got no input other then, damn kids modding and destroying these cars. If they stayed out of the price range of idiots that do terrible things to them, they would retain much more value. The import quantity, level of performance, and level of demand warrants much higher resale values even 10 years later...

 

NADA is probably the most realistic.

 

KBB is unrealistic in most scenarios

 

Yes, I agree NADA is what we use. KBB is for people who don't really want to sell their car,

 

I feel like kbb I almost always overpriced, but they seem to be correct on what ix's are goin for, typically hard to find a ix under 18k with less than 100k miles or a salvage title (looking on cars.con and autotrader). There are definitely times where you can but the majority match closer to kbb. With that said I haven't tracked sales of Evo viii's as closely so idk which is more accurate

 

I agree and disagree with your statement.

I agree that there is a younger generation modifying the cars and wrecking them, but at the same time, it makes clean, adult-owned Evos more valuable. Let the younger kids buy their used Evos for 11k and beat them up. Put airbags on them and hella-flush wheel fitments. That is fine. For the most part, you can spot those Evos miles away and wouldn't pay anymore than 10k for them.

On the other hand, clean, mildly modified Evos with 1-2 owners that have taken care of the cars and maintained them, the value is higher, despite what NADA or KBB says. If I had to buy another Evo, I would definitely pay MORE for an Evo I was buying from the original owner and could track the modification path.

So, let the village idiots slam the Evos to the ground, ruin a great-handling car and put home-made turbo kits on their car so they can make 700hp. It'll make the rest of us that have clean Evos appreciate what we have more.

 

x100000000000000000

 

Unfortunately most evo owners go by the KBB pricing when selling their cars when they "should" be around NADA instead. Seems like your get a "good deal" when going by the other pricing when realistically it should be that anyways.

 

You can always let them know they are too high by passing on the deal.

 

Not necessarily true in the case of supply and demand. Low supply and high demand drives the price up. If I were to sell my car I would definitely start high. The car is worth what someone is willing to pay.

 

Thanks for the replies. I do think the relative rarity of these cars in general, and as others have suggested, especially well maintained, low mileage, one owner examples which have not been abused, may make these pricing sources less accurate. I'm sure this info is available, but off the top of my head, I don't know if NADA etc. compile actual SALES DATA to arrive at their numbers, or are just applying some "formula" based on age, original selling price, location, mileage, & stated condition. In other words, do they apply the same "number crunch" to an EVO as to something much more common, with no "special market" appeal, like a Camry? These are niche cars which broad market generalizations probably don't apply to very much.

Someone mentioned cars.com & autotrader, any other suggestions where I might look for cars actually on the market to get an idea of real-world selling prices?

David

 

it seems like most sellers look @ KBB just check the FS section.


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its worth what someone is willing to pay. Ive seen people get thouands more than even kbb value due a lot of mods, and to some people mods decrease the value. Depends on the buyer.

 

Take it from somebody who works in the car business a car especially a rare car with a very limited market is always worth how much somebody is willing to pay for it. in my experiences with rare cars like an evo we either we sell the car very quick and for a lot of money or it sits for a very long time and we sell it very cheaply.

Another thing to keep in mind is that usually the buyers for an evo don't have to buy the car it's more of a want so they will stay in the market for a long time but KBB prices are way off NADA is always more accurate.