🚘 Automotive Will the c8 z06 Hold Value (vs MSRP, forget markups)
- Thread starter FirstWorldProblems
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More info here as well
and my post from another thread..here's a z07 car (which is limited due to CF parts shortages) that isn't moving at 10k over
Z06 Mark Ups Mega Merge - CorvetteForum - Chevrolet Corvette Forum Discussion
C8 Z06/ZR1/Zora Discussion - Z06 Mark Ups Mega Merge - Reeder in Nashville asking 5g down non refundable and 50k over msrp. Email I received from them The Z-06 is on its way, well summer 2022. So many asked to let them know when they can order, well we are taking orders. I am sending to everyone...
www.corvetteforum.com
and my post from another thread..here's a z07 car (which is limited due to CF parts shortages) that isn't moving at 10k over
This z07 car has been sitting at a local dealership forever, it's now asking 10k over and isn't moving, at one point it was 50k over. Buddy's friend that works there said that they actually turned down an offer for 40k over when they first got it...if that's true they are idiots
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I disagree with the performance assessment. In a straight line maybe, but around a road course (where it was designed to be) it outperforms basically every car under 300k
I think it will hold about as much as C7 and C6’s did. The ZR1 or Zora will be the one that holds value
That's kind of scary because C7 z06's sold at a heavy discount new and then kept depreciating, read some of the examples in this thread from 2019. I clearly remember cars that stickered at 85k+ asking 55-59k with low miles in 2019. That being said, the c7 is definitely not one of the better iterations of the corvette, so it may not be a good comparison for the c8.
C6 on the other hand....amazing cars but I can't remember how they depreciated in the first 5 years and don't have time to look it up.
Z06 depreciation and buying guide - CorvetteForum - Chevrolet Corvette Forum Discussion
C7 Z06 Discussion - Z06 depreciation and buying guide - Hi Everyone, I made a depreciation- and buying guide for the Corvette C7 Z06 based on the US market. The guide doesn't cover the potential technical issues which you would find in a traditional buying guide, but I think that many people who...
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Once the “novelty “ wears off they will drop steadily for awhile. The ZR1 and then the Zora will be released. The Z06 will be a decent bang for the buck car after a few years because nobody will want to pay the premium for them. The won’t drop as bad as the base models but I don’t think they will hold much value either.
Last I heard 2023 was in the top 3 production years in the 70 year history of the corvette, ever. I think 77 and 84 were the other 2 years. 23 may have wound up being #1 when it was all said and done. Stingrays selling over MSRP days are over. Z06's were behind schedule though because it was the first year of production.
Edit:
It was 79, not 77 and 2023 fell short of the record by 22 cars. 53,785 cars produced which is fuck load of vettes.
"Now that we have the official stats for the 2023 model year, we can officially tell you that 1979 still owns the Corvette production record, while the 2023 model year is now second all-time with 53,785 cars produced. That's a margin of just 22 cars to tie the all-time record and 23 to beat it."
I believe I read they made 7,000 z06's in 2023, I wonder when they're fully ramped up how many Z's will be made per year.
I can respect this though, I always complain when cool stuff is made in such limited #'s that only the rich can afford it. The z06 is badass so props to Chevy if they start churning out 10k of them per year, but yeah that doesn't bode well for resale. No car is an investment but that doesn't change the fact that losing 30k+ on a chevy would really piss me off.
So I'm not sure what they're actually selling for, but it seems like lower mile nice C7Z's are being listed in the 65k range. C6Z's are kinda all over. The less desirable colors with 50k+ miles are 38-40k and the more desirable colors with lower miles are being listed around 50k, which I think is crazy.
Also, why do people say the C7 is not a good iteration? It has a great interior, they look great, and they are performers. Why does TCG hate these cars? lol
I think it's mostly the appearance and the overheating issues that turned a lot of people off, and the crappy auto transmission. For me personally I'm kind of indifferent on it
I'm not trying to state this as my personal opinion being fact, they were offered new at major discounts and still depreciated pretty bad for a reason: the market didn't like them. Like everything though they skyrocketed after covid.
By that logic, the market didn't like anything pre covid. I bought a new Scat Pack in 2017 for like $12k off sticker, my 2015 Mustang was about 5.5k off sticker and that was the first year when they were hot. Camaros were discounted big time as well back before Covid.
Remember MINT C6Z's selling for mid 30's pre covid? C5Z's with less than 20k miles could be had for around $20k as well pre covid.
I don't remember mint c6z's being mid 30's pre covid, but you have a point. Maybe c7's were just another z06, not better not worse, idk.
I need a time machine to go back to 2019 lol
We used to be a country....a proper country
we def took for granted all the cool cars you could buy for fair prices in 2015-2019
we def took for granted all the cool cars you could buy for fair prices in 2015-2019
I think they will hold value. I don't nessisarily see them appreciating in value as a whole. it is a mass produced car (even if the numbers are low). But I see them holding value and not depreciating as much as a regular C8 will (and as all base vettes do).
First mid-engined DOHC flat plane crank Vette.
We had DOHC with the C4 ZR1, and that was a special car with a near $30,000 option that basically doubled the price of the car. Those cars held value well enough. Heck, for a long time you could buy a ZR1 crate motor I you had $32,000 sitting around back in the 90's and early 2000's.
First mid-engined DOHC flat plane crank Vette.
We had DOHC with the C4 ZR1, and that was a special car with a near $30,000 option that basically doubled the price of the car. Those cars held value well enough. Heck, for a long time you could buy a ZR1 crate motor I you had $32,000 sitting around back in the 90's and early 2000's.
Actually those ZR1's have done horrible. Just now are they starting to creep up in value, but they never took off. They were $65k BACK IN 1991!!! Pre Covid had those things in the TEENS with low miles.
Check this link to see what ultra low mile ZR1's are getting these days and then check back to 2019....it's crazy.
Search for "zr1"
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Yeah C4 ZR1s haven’t sold worth shit for years. Pre Covid my parents neighbor was trying to sell his for some stupid $100k or something. Highest it bid to on eBay was like $15k. From the auction results I’m seeing currently most of them struggle to make it to $20k and they do t sell.
7000 C8s Z built is a lot for one 1 year. they should come down some when the new zr1 comes and some get traded in for that one or people trying to free up cash to get the zr1.
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