ASA Houston Chapter Hosts Classic Car Appraising Event

HOUSTON, TX–The American Society of Appraisers (ASA) Houston Chapter hosted a “Classic Car Appraising” presentation featuring Micheal (Woody) Wooding, owner of the southwest Texas franchise of Auto Appraisal Network, on Nov. 7, 2019.

“The topics we covered included the Classic, Collector and Exotic car appraisal process and the nuances involved,” Wooding said. “Issues such as the difference between perfect restorations and factory original cars. What is a Resto-mod and why many owners today Resto-mod their cars instead of returning to a stock configuration.”

“The one topic that received the most interest was Diminished Value,” Wooding added. “This is the difference in value of a vehicle before and after repaired following an accident. I explained how the insurance companies calculate DV versus the way we do. I also explained that Carfax can only display information shared with them and does not have access to internal insurance company information data bases. This prompted multiple questions from the 30 or so members in attendance.”

An expert in car appraising, Wooding he has been a lifelong auto enthusiast.

“I am thoroughly versed in collector and muscle car history and values and participate in events whenever possible. I have served as an Expert Witness in auto-related cases and I am a regular guest on ESPN FM radio show known as In Wheel Time.”

To find out about upcoming events at ASA’s Houston Chapter, please click here.