Misallocation

1998 AM General M1123

Sold at Mecum Auctions on March 18, 2026.

$25,300Confirmed

The price as reported by the house. Hammer price $23,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1998
Make and model
Hummer H1 and Humvee
Generation
H1 and Humvee (1992 to 2006)
Gearbox
Automatic
Chassis
183323
Condition
Good (3)Likely

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

Against comparable sales

Inside the middle half of 161 comparable sales.

Middle half of sales$23,000 to $70,500
Median$46,000
Sales behind it161Likely

From 161 sales of the Hummer H1 and Humvee (1992 to 2006) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $23,000 and $70,500.

Closest sales

Closest comparable sales
CarAuctionDatePrice
AM General HMMWV M1097R1 w/Utility TrailerBring a Trailer, Nov. 9, 2026Bring a TrailerNov. 9, 2026$17,251
Modified AM General M35A3Bring a Trailer, Oct. 26, 2026Bring a TrailerOct. 26, 2026$20,000
AM General M1152A1 HMMWVBring a Trailer, Oct. 23, 2026Bring a TrailerOct. 23, 2026$10,000
1998 AM General Hummer Open TopBring a Trailer, March 7, 2026Bring a TrailerMarch 7, 2026$65,500
Modified 1998 AM General M1123 HMMWVBring a Trailer, Sept. 18, 2025Bring a TrailerSept. 18, 2025$15,500
1998 AM General Hummer Two-Door HardtopBring a Trailer, Sept. 11, 2025Bring a TrailerSept. 11, 2025$32,250
1998 AM General M1123 HMMWVBring a Trailer, July 24, 2025Bring a TrailerJuly 24, 2025$15,500
1998 AM General Hummer H1 Open TopCars & Bids, March 21, 2025Cars & BidsMarch 21, 2025$36,001