Re: [DML] Frame-up restorations/refurbished cars

[mike.griese@xxxxxxxxxxxxxxxx]

It's not at all unusual for there to be a heirarchy of restoration shops
in terms of resale value.  This is true in the world of European
sports cars (Jaguar, Ferrari, Mercedes (300SLs in particular) and 
certainly true for pre-war classics.  The name of the restoration
shop is very important, as is the kind of car restored.  For example,
you will not get the same bump in resale price for a Ferrari 250
restored by a Jaguar specialist, and some Jaguar shops will specialize
in certain models.  An E-type restored by a recognized D-type shop
won't do as well as a car restored by an E-type specialist.  It is also 
true that almost any restoration shop car will earn a higher price than 
a car restored in someone's garage.

Reputation is key in this industry and the marketplace rewards 
a good reputation.  It is almost impossible to displace a leader in 
a particular segment unless that leader starts delivering sub-par
restorations.  Reputations are built on knowledge, skill, access to
information, parts sources, attention to detail, salesmanship, 
presentation, word of mouth, auction results, Concours results,
sales results, and marketing.  

A key thing to keep in mind is that cars at this level are not 
considered "used cars" by their owners or the market.  If 
you are looking for a nice daily driver or fun weekend car, 
there are much more economical ways to get what you want
than going the restoration or refurbishment route.  On the other
hand, these kinds of tides lift all boats, because as restored
cars become more valuable, the cores for those restorations
also become more valuable.  Not necessarily a bad thing.

--
Mike


-------------- Original message from Marc Levy <malevy_nj@xxxxxxxxx>: -------------- 


> 
> What is it about DMCH that makes the car more valuable 
> than another vendor, or professional? Other than DMCH 
> being the official consultant for NADA? Is there some 
> official data to back up this claim that a car 
> "restored or refurbished" (*1) by DMCH will re-sell 
> for up to 30% more? (Note, I said RE-SELL). 
> 

[Non-text portions of this message have been removed]






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