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Letter to KBB / NADA concerining NSX and insurance values

I have a theory...

When a used car is purchased (which every NSX is now), the value of the sale is reported to the DMV. Well, the buyer pays taxes on the sale at the tune of 5-10% I think. Many private party transactions recognize this as a total scam by the government so agree to declaring a lower sale price, but still paying the full agreed upon price.

Therefore, in the books, this would drive down the average price. I'm not saying this is the case, or that anyone here has done this, but I wanted to offer an outside thought to this conversation.
 
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