A list of Van prices was posted the other day.  I was curious as to what
the relationship is between age, miles and price.  As this is a Vanagon
site, I stripped off the Eurovans and the buses (anything pre 1980).  As
I own a Westfalia, I included ONLY the Vans clearly identified as
'Westfalia',  25 in all.

I ran a simple regression for 'year' to explain 'price'.  The results
indicate that for each year NEWER, on average, the value increases by
US$1,180.  Or conversely, you loose US$1,180 for each year older your
van is (1991 to 1980)

I did the same for 'miles' to explain 'value'.  There was NO
(statistically significant) relationship between 'miles' and 'value'.
This calculation was muddied due to folks listing only the miles on 'new
engines' (I am guessing here, an 81 with only 9,000 miles???).

I'm not sure what this means: Just FYI.

If you're still reading; a multiple regression of Year & Miles to
explain Price was meaningless.  The R square for year to explain price =
.75. The R square for miles to explain price = .05.

Whether they are 'over priced' or not, is a matter of perspective:  "Am
I buying or am I selling"?

Malcolm Stebbins (91 Westfalia Syncro)

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com