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Old 01-10-2013, 12:21 AM   #1
JimmyLee
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Default Hoping C7 will cause C6 prices to drop! (Merged)

Yes, that's right. I hope the introduction of the new C7 will cause C6 prices to drop significantly, as I want a second C6 for my spare garage!

Let's see...base convertible, GS convertible, 427 convertible. Juicy.

The C6 is a timeless design like the C1-C3.

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Old 01-10-2013, 01:51 AM   #2
CO Lightfoot
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Significantly drop? Nope.

Consider:
-- C6 prices will firm-up as usual this summer, coincidentally when C7 hits the streets
-- C7 prices will be ridiculous at many dealers for the first year, maybe longer

IMO the best time to buy a C6 is this winter -- after the C7 intro next week.
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Old 01-10-2013, 03:00 AM   #3
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Quote:
Originally Posted by CO Lightfoot View Post
Significantly drop? Nope.

Consider:
-- C6 prices will firm-up as usual this summer, coincidentally when C7 hits the streets
-- C7 prices will be ridiculous at many dealers for the first year, maybe longer

IMO the best time to buy a C6 is this winter -- after the C7 intro next week.
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Old 01-10-2013, 03:12 AM   #4
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The price of my 2012 Z06 may go up!
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Old 01-10-2013, 05:13 AM   #5
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Quote:
Originally Posted by CO Lightfoot View Post
IMO the best time to buy a C6 is this winter

Just bought my '09 3LT base vert in late November. Additionally, I flew out of my market to get basically the same Vette for ~$5K less than local dealerships.
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Old 01-10-2013, 07:52 AM   #6
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I get the point but don't think I would welcome the value of my car going down more than normal depreciation.
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Old 01-10-2013, 08:00 AM   #7
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The price of my 2012 Z06 may go up!
Since the C7 would be a big step down in hp from the Z06, the Z06 will command a premium when people realize this simple fact. On the other hand, the base C6 will decrease.
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Old 01-10-2013, 08:25 AM   #8
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I feel in this day and age with the economy in the crapper and most of us saying that we do not like the new design esp. The camaro tails maybe not too many will rush out to buy this C7 and Chevy will be forced to drop prices earlier then we think. I really don't think the demand is gonna be as high as it was for the C6. It's 8 years later and we are living in a different economic world now. Most Smart Corvette enthusiast know to wait at least a year anyway until all the kinks are worked out. I dunno I guess we will see.
I am actually very thankful that I had the opportunity that I did when I bought my new 2012 GS back in April. I built it the way I wanted and will have it for many years to come. Not to mention the killer deal I got on a loaded 4LT. And perhaps as the OP mentioned ill add another to the stable depending on pricing. I would love a ZR1.
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Old 01-10-2013, 08:36 AM   #9
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As butt-ugly as the renderings I have seen for the C7 appear I don't think you can count on the C6 taking a bashing. I hope the C6 in all it's versions becomes the icon of the Corvette line. One of these days when all the progressives get wise to the fact of what kind of government they have elected and everyone is forced to drive around in hybrid smart cars with ecm's that report your every driving habit to the NTSB the fond memories of owning a C6 will be unforgettable.
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Old 01-10-2013, 08:54 AM   #10
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Might be surprised and love the C7 than wish you had one instead of a C6.
Most acting like the C7 is going to be horrible and their C6 is going to be a gem forever.
Well who knows but we will soon.
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Old 01-10-2013, 09:20 AM   #11
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I have a feeling the Z06 and ZR1 may keep their value at least until the new versions of those come out. If the reaction to the C7 rear end is overwhelmingly negative I would not be surprised to see GM do a little tweak for the next year since it would be relatively cheap to do. That is why I would exercise caution on buying the first year C7 since they may make some subtle changes to that car in the following year.
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Old 01-10-2013, 09:30 AM   #12
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After weighing all the options, I decided on a 2013 GS 4LT Vert is SS Blue. I went with Rick Conti here on the forum and the whole procedure was flawless. They had some great incentives last month, and I managed to take advantage of those.

On pricing, here is my $.02 and worth maybe as much....All orders have closed back in October / What's out in dealer allocation and to be built will have to hold them until the C7 actually rolls off the line / I think you will find nice deals, but not really any 'fire sales'.

In the end, I'm happy with my selection, and got a great deal. No matter what the C7 looks like, I wanted to wait for the performance version which may be down the line. Given potential first year associated manufacturing issues.....this is the route I chose.
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Old 01-10-2013, 09:32 AM   #13
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Having just sold my 2009 vert, I can tell you that the market for the C6 is strong. NADA and KBB give different values, but most low mileage C6's are being sold for the upper retail range of pricing.

Given that this is the worst time of the year to sell a car like the Corvette, that's pretty impressive.

I have no idea whether or not the C7 will be a success for GM, but it's getting decidedly mixed reviews based on the pre-introduction renderings. Unless there's something dramatically different when the actual car is unveiled, I'm not convinced that the C6 will be seen as the less desirable option. It wouldn't surprise me to see C6 values actually increase.
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Old 01-10-2013, 09:36 AM   #14
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Yep hoping to ****** up a C6Z from the guy who must have the newest body style
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Old 01-10-2013, 09:56 AM   #15
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When the C6 first came out there was a lot of negative reaction but when people saw that you could effectively get a C5 Z06 just called a base C6, the rush to get one was on. The C5 Z06 produced 405hp, 0-60 in 3.9, and a 12.6 quarter. The base C6 started at 405hp, 0-60 in 4.1, and a 12.6 quarter. The C6 also got 10% better gas mileage as if that mattered. The C5 Z06 cost about $52K and the base C6 cost $44K. That's pretty much a no-brainer. Suddenly everyone wanted a C6 and you couldn't give away a C5.

The C7 is NOT a C6 Z06. Instead of 505hp it is 450hp. Speeds will be little different from the current base model. Mileage will be a little better but again, does that really matter? And the price? You really think it will have a sticker price 15% less than the comparable C6?

There was a reason the C5 price fell when the C6 was introduced and there is a reason why the C6 price won't fall as much when the C7 starts being delivered.
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Old 01-10-2013, 09:56 AM   #16
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Depends on the MSRP of the C7 and what "state of the art" improvements it will offer. It's coming could make the 6 more attractive and not hurt prices at all other than normal. Bottom line, who knows.....does it really matter?
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Old 01-10-2013, 10:07 AM   #17
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that's funny because the rest of us are hoping they don't
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Old 01-10-2013, 10:13 AM   #18
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I'm not planning on selling my C6 for a long time, so it doesn't matter to me.
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Old 01-10-2013, 10:14 AM   #19
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Interesting that Kerbeck raised the price of a Base Coupe by 3500.00 starting Jan 1 2013. So much for prices going down
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Old 01-10-2013, 10:15 AM   #20
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Quote:
Originally Posted by MarkRx View Post
The price of my 2012 Z06 may go up!
Mine too then I can afford the Zo6 with Mag ride or z07.
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Old 01-10-2013, 10:15 AM
 
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