Sage Range™
About This App
- Pull the price and mileage distribution ranges for the market inventory for any vehicle spec.
- Understand where a vehicle fits into the market inventory in terms of price and mileage using actual values.
- The values and ranges are updated daily to reflect the changes in the market inventory.
How It Works
- Submit a VIN or step through the build spec selector.
- The app analyzes the current market inventory and extracts price and mileage ranges for the submitted spec.
- It returns, interprets and defines the ranges by price and miles in terms of the actual market distribution.
How To Apply This App
- The Sage Range app uses the Sage Range system to evaluate a vehicle’s position in terms of the overall market distribution density for both price and mileage. The system divides the market in half at the median. How far a vehicle’s price or mileage is from the median as compared to the overall market inventory defines its range location.
- Median price and median mileage are the correct measuring sticks for supercar valuation, as supercar metrics tend to have many outliers. These outliers distort the real market picture often rendering averages meaningless. This is the reason why key monetary metrics such as housing prices, income and net worth are measured using medians. Only median values can reliably measure where the actual supercar market is.
- The Sage Range system defined ranges are:
- 0 = Expected (the market median value)
- +1 = Normal High
- -1 = Normal Low
- +2 = Unusually High
- -2 = Unusually Low
- +3 = Extremely High
- -3 = Extremely Low
- The Sage Range system descriptions are:
- A vehicle in the +1 or -1 range is ‘normal’ and is representative of the market inventory in general. This range approximates 68% of the total market inventory.
- A vehicle in the +2 or -2 range is ‘unusual’ and is not representative of the market inventory in general. This range approximates 27% of the total market inventory.
- A vehicle in the +3 or -3 range is ‘extreme’ and is significantly non-normal in terms of the market inventory in general. This range approximates 5% of the total market inventory.
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