Always Red Dave

Do you think C6 grand sport USED car prices will come down eventually or still stay STRONG. I have a 2008 C6 vert 3400 miles on it and I see my car selling used for between 42-47,000$ with low milage cars and 2009 verts at 43-49,000$.However I see USED 2010-2011 Grand SPORT C6 verts selling between 59-63,000$ with low milage. All cars I have mentioned are HIGHLY optioned cars with just about the same options and milage. I know the Grand sport verts are worth 5000$ more new,so I thought that they would be worth about 7-8000$ more than a narrow body 2008 or 2009 vert. Do you guys think that the Grand Sports will hold their USED HIGHER price than the base narrow body verts or do you think the price will come back down to a 5000$ difference like when purchased new between Grand Sport and Narrow body C6. I like to buy my cars loaded with options used and low milage and in great shape but find the USED Grand Sport Verts priced out of my current market to purchase one now but maybe in the future. To sum it up 5-6000$ difference is fine 8-11,000$ DOLLARS seems CRAZY. What do you guys think???ThanksALWAYS RED DAVE............

EDinPA

Supply.
Demand.

SRQStingray

Eventually, yes. How soon is another question.

AtHomeSoda

They all come down... more new come out... more people sell old... demand will lower... AND going into a 2nd recession (Guess I missed the ending of the 1st), they will also drop in price.

Gary '09 C6

I couldn't agree more...very well-said.

rfopt

I agree. Used Grand Sport asking prices are too high, IMO. I don't think they will go down anytime soon. However, they may become closer to $5K higher than the narrow body model after the C7 comes out.

Z06LUST

Bingo.
Z06 prices were headed downward and then 'stopped'. The sharp reduction in production has made fewer cars available.

GS is only two yrs old (ok now 3) with fairly small produciton numbers.

3GenVettes

Although the GS is a significant percentage of current production, the total production of C6s has been drastically down during the '09, '10 and '11 model years versus the earlier years of C6 production. Taken as whole the total number of GS production for the last two model years is only about 8-9% of the total number of C6s built.

Somebody wanting to buy a C6 can choose between a wide range of price points because they can choose between 7 model years. However, the price point range available for the GS is much narrower (ironic word choice) because currently there only two model years to chose from on the used market.

Racer

I think they will be the only modern day Corvette to have there prices go up and not down. Dave sometimes I don't know about you with your questions

redzone

You're also comparing cars that are 2-3 years newer too....maybe had you pharased the question 2010 standard body vs 2010 GS it might make sense.

TCW

The used price will drop drastically the first and second year. Corvettes are just like any other used car now when it comes to depreciation.

Look for 15% the first year, 30% the second year, and 50% the third year.

Tom

c1vettes

From what I have seen lately with actual trades that friends have made, not asking prices, prices in general have firmed up from the depth of the recession in '08-09. I have a friend who sold his '08 3lt vert for more than he paid for it one year later. That was from and to a dealer in his local market 09 to 10.

Generally speaking options tend to depreciate faster than the model itself, but has been noted, there are few used GS's available. So the spread over base vettes may hold for a while. I would think that will change in time. If you look at it this way, a 3 yr old Vette should sell for about 60% of what you will pay for a new one. If you measure the GS initialy as 8-10% over, then it should be somewhat less then that three years down the road.

Using the following numbers as an example: new standard vette purchased at 60K and a GS 65K. Three years down the road the spread likely would now be 40K and the GS 42.5K. The spread percentage wise would probably remain close to the same. I doubt that it would ever hold the 5K premium, but who knows. Time will tell.

cmonkey713

Just wait until the C-7 arirves in a couple of years.

OnPoint

Yes, they'll go down. And if the C7 turns out to be a great car, they'll go way down.

LTC Z06

Yes.

Torchsport

J/K

RJ111

When the dealers are cutting prices 13-15k on a new one, it's only a matter of time.I just bought a new 11 Grandsport vert for 49k.And I was offered a 12 for 53k.

v8capt

With the falling economy do you really think Chevy will make the C-7?
Love my GS, but if they come out with the C-7 I might be forced to trade up.
Capt Bob

Ron R

They'll make a C7 eventually, it's the only reason I'm hanging on to my 05 vert instead of trading it for a Grandsport now. Only 40k miles on the 05, no sense in taking another financial hit for basically the same car when I can wait and pay cash for a C7 in a couple years when they come out.

laconiajack

New G/S are discounted 13-15k, which means used ones will soon drop the same amount. We are entering a double dip recession and this time around government employees, which account for ~20% of all jobs, are going to be cut heavily, and these same people represent a disproportionate segment of Corvette G/S owners.