Misallocation

1989 AM General M998 Humvee

Sold at Mecum Auctions on March 19, 2025.

$38,500Confirmed

The price as reported by the house. Hammer price $35,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1989
Make and model
Hummer H1 and Humvee
Gearbox
Automatic
Chassis
068500
Condition
Excellent (2)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Above the middle half of 31 comparable sales, 33% over its top.

Middle half of sales$11,250 to $26,375
Median$17,000
Sales behind it31Likely

From 31 sales of the Hummer H1 and Humvee in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $11,250 and $26,375.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1989 AM General M998 HMMWVBring a Trailer, April 8, 2026Bring a TrailerApril 8, 2026$13,400
1989 AM General HumveeMecum, Dec. 6, 2025MecumDec. 6, 2025$12,000
1988 AM General HMMWVCars & Bids, Sept. 21, 2026Cars & BidsSept. 21, 2026$7,800
1990 AM General M998 HMMWVCars & Bids, Oct. 8, 2025Cars & BidsOct. 8, 2025$23,000
1988 AM General HumveeMecum, July 25, 2025MecumJuly 25, 2025$28,000
1988 AM General M998 HMMWVBring a Trailer, June 25, 2025Bring a TrailerJune 25, 2025$23,500
1991 AM General M1038 HMMWVBring a Trailer, Sept. 1, 2026Bring a TrailerSept. 1, 2026$25,750
1991 AM General M998Cars & Bids, Aug. 26, 2026Cars & BidsAug. 26, 2026$18,500