So I have this massive amount of Early 911 pricing data...

[LiveFromNY]

I alluded to this in another thread but want to open up a little bit about it.

Those of you that know me in the real world know that my day-to-day job includes some fairly advanced data analysis. It's more than just my job really because, if you ask my friends about me, I'd guess that 50% would call me a car guy and the other 50% would call me a data guy. It's just who I am and what I do.

A friend of mine, knowing my two passions (well, three if you include the Beatles, but i digress) has taken me inside a project he's working on that has given him (and now me) access to a massive amount of collector vehicle pricing and sales data. Some really interesting and comprehensive data over an extended period of time. Basically, his company has been asked to come up with ideas on how to monetize the data and one idea that's been kicking around is a subscription model. To that end, I've been playing with the data as it relates to our cars and I'm having the time of my life.

I'll be sharing some of my findings here in the near future but wanted to also ask all of you: If you had access to this kind of data, what might you go looking for? If you have any interesting or fun ideas, shoot me a PM. I'd love to hear them.

[yale]

I guess what I'd be looking for is to keep anyone who sees cars as data sets away from any thing I had any interest in at all Just sayin.

[Louie]

interesting info. I would contact Hagerty and offer the data feed to them. I am sure they would be all over it....all the enthusiast focused magazines could use the data for ongoing content...then there are the insurance companies.

[Michael Meldrum]

I would think that any early Porsche enthusiast who has a wife would love this data. Hopefully it will show prices increasing overtime to enable to you to justify your next early Porsche purchase to your significant other

[Frank Beck]

I would think that any early Porsche enthusiast who has a wife would love this data. Hopefully it will show prices increasing overtime to enable to you to justify your next early Porsche purchase to your significant other

Then when the bottom falls out she's culpable.




Excellent.

[Louie]

That is TOO FUNNY!

Then when the bottom falls out she's culpable.




Excellent.

[kenikh]

If you're interested in building a Hadoop cluster on a certain large company's cloud platform for data visualization or predictive analytics, let me know. I can get you lots of free cycles.

[kenikh]

interesting info. I would contact Hagerty and offer the data feed to them. I am sure they would be all over it....all the enthusiast focused magazines could use the data for ongoing content...then there are the insurance companies.

I'd suggest Hagerty already has a similarly statistically significant data set they are working from. Risk management is where data geeks and statisticians go to make black, black magic.

[jerryg]

John

Just one question. How on earth do you afford the insurance?

[Eminence Gris]

Generally the information will provide inferential guidance at best without longitudinal tracking.

Our cars are not commodities, and the options, condition, refurbishment and upgrades all affect the selling price. The 73 E I bought in 2003 for $2850 and sold in 2005 for $16,400 had $9000 invested in it. That same car then sold in the $30s in 2007. Along the way, money in varying amounts was put into the car. That cannot be reflected in a 'snapshot' of the market.

In a rising market, people invest in their cars in a way they would not in a flat or falling market. So you have an 'inertial effect' on the car as an investment and that has a huge effect on pricing.

Bottom line: IMO, the value goes up if the sales prices of specific examples can be tracked for 5 or more years... and if the tracking allows for seeing changes to the vehicle.