What's it worth?

[mrzwei]

Been crunching a few numbers to try to get a 'stake in the ground' as to what my car is worth.
Sources were private sales on here, Pistonheads, Autotrader, Parkers guide and wbac.com.
Sample size was 32 cars, 28 private and 4 trade.
Only 2 variables were considered, price and milage (I know there are loads more but I'm only looking for an average starting point).
As far as I could tell, no mods and no hardtops.
Apart from the milage of 2001 cars, there was no great range in the data so a simple mean average calculation was used.

Average private sale offer price / milage per year:

2000     £3699     66K     11 car sample
2001     £3749     80K     11 car sample
2002     £4975     66K       2 car sample  (no statistical validity - v. small sample and wide range)
2003     £5700     67K       4 car sample  (dubious statistical validity, but narrow range so better than nothing)

Trade sale prices (4 cars only in sample):

2000     £4745     73K
2001     -
2002     £6485     43K
2003     £6695     23K

So, I'm looking to price a 2002 car:

Average (private prices) 5700+3749/2=
2002     £4750
Parkers date corrected value:
2002     £4680
Average of the above, 4750+4680/2=

2002     £4715 (or around £4200 PX)

wbac.com
2002     £3285

So, if I offered it for sale:
(basic description only) 02, SMT, black, red leather, a/c, service history, £4995 ono??

Not actually certain I want to sell, as usual it depends upon what comes along so the data is only of value right now really but any thoughts would be appreciated. Undervalued or overvalued in reality (average condition for year and demodded)?

[ChrisHumes]

about right mate, sold mine a couple of months ago for slightly more than that, but with hardtop and ftsh, one owner.

[cclarke99]

There are two '02 private sales an Autotrader for less than this, several for about the same amount and a few for up to £500 more so this is a good price.