Jimmy52

I try to follow the C6 selling market on various websites and just lately have found some "pricey" 05's, 06's 07's - 09's too. I'm seeing low-mid 30's on some low mileage 05's (coupes- verts ) and mid 30's to upper 30's for some 06's-07's and some as high as almost 40k for (08's & 09's) Granted, these all have low mileages on the odometers, (not more than 29k) some as low as 6000k, but still, I'm impressed what some Dealers and private sellers are asking in todays market. I was on Hemmings Cars.com and found a many of these prices on their site. With that in mind, I am wondering just how big a seller the new C7's are really going to be??? I'm thinking the C6's are going to be "alive & well" for a long time even with the C7's in production, and retain their values. I hope it continues!!! What do you all think??????

bobc5

I think you are right in the longer run. New C6 are selling for $10-17 less than C7s with similar equipment. I think we will have a $30-$40 market that includes some really nice low mileage cars. The other market is $60-$90 for C7's . The ZO cars seem to really hold up well. Mods don't seem to return dollars compared to cost but lots of fun.

TerryL

My 06 vert has gone up in price between $3-4,500 since I purchased it a year ago this month. A dealer has offered me nearly $4,000 more than I paid for it in trade in on a new one. No matter what their new car markup might be, if they're willing to pay me that much they're sure they will get enough of a profit on my 06 to make it worth while.

FAUEE

I agree. Even if you look at a nice condition C5, you're talking 20k+. Even one that has a ton of miles (100k+) is over 10k. People are all doom and gloom about the values of the C6, and I think a lot of it is just misplaced.

Mr.Nubain

C5's and C6's are not cheap up here in WI. If you find a really good deal, it's usually on a C4. I paid a lot for my C6 used, but you get what you pay for. A near perfect conditioned used car is not easy to come by.

Snowwolfe

Asking price does not always equal the actual selling price.

Stavesacre21

I'm also a big believer on the pre-C7 sale 3-ring circus thats going on with C6 prices. Wait until the veil is lifted and all the prices stabilize. I think you're going to find that the C6 is going to retain its value a lot better than most people have assumed it will. This is nothing new with dealers slashing their prices on old generations to prepare their lots for new models. Mustangs, Cameros and Corvettes have all historically done the same before in the past.

nous defions

I have not seen any type of dip on any C6 prices as we approach 2014. I have spoken to several Chevrolet dealers and they don't anticipate any significant reduction either. The C6 will retain its value for many years after the C7 is on the road.

boraxman

Nosferatu

very true however my friend wants a C6 after he took mine for a spin. I decided to go shopping for him and look around and finding what I paid for mine just a few months ago seems like a pipe dream.

I got my 2010 3LT 6spd with a lot of options (NPP, NAV, PAL, etc.) only 18,000 miles on it for 38 and change. Seems impossible now.

sjohnson2615

What you are all noticing is just the normal spike a Corvette has during the summer.
A C6 is still just a used car and it is not going to appreciate in most of our lifetimes.
Just wait till fall and they will be right back where you remember.

Steve_R

This. Except for a few very limited production models, a Corvette is a car that depreciates like most other cars. If you think your Corvette is an investment, or that not driving it and looking at it in the garage will make it worth more, you're mistaken.

DAFFYDRUNK

I'm on the other side of the fence since I do not own a C6. Once the C7 comes out there is going to be a large number of C6 owners who will be upgrading. Simple supply and demand will dictate that C6 prices will drop in the fall not only due to the onset of colder weather, but the C7 being available. You will be able to buy LS3s in the mid 20s. There's probably some on here that I could throw $25k at and they'd take it right now. If your dealer is telling you he will give you a too good to be true trade in value, you should make sure it's a done deal asap.

Nosferatu

I just don't get why in an area where it's "summer" all year (FL, TX, Southern CA, etc.) why it alters those markets. I can see up in snow country.

Greg00Coupe

Here's my take..... and I have been in the market too much. I traded a C5 for a 13 GS last November got a 62,500 car for 52,000 and I could have done better if I was willing to travel by another 2K. So 8 months ago the car was worth retail 50K. Today they are being sold for 48K.

Here I am 8 months later and just ordered a c7. The C7 stickered for almost 2K less then the C6 and has more features but are similar cars, both 2lt but the C7 has more for the 2LT package.

There are brand new 12s and 1000s of 13s on the lots. I got a nice % off sticker on the C7, too.

From a pure financial view........why would a C6 have a super natural value when IMHO you can buy a C7 with more equipment cheaper then a new c6?

red2012

You must have a good friend because I never heard of a discount on a C7. Let alone a nice one to put it in your terms.

dev1360

FWIW, I pick up my new (to me) 09 AW 1LT M6 coupe on Friday. It has 4,828 miles on it and I gave $32k. I looked for a while, but priced are kind of all over the place on C6s.

FAUEE

A lot of people take the fire sale prices at a few dealers for certain people that qualify as the average price. It isn't. Most people pay a LOT more than that. So it doesn't matter that you got an amazing deal where the salesman paid you to take the car and let you bang his wife, the average price is not the same, and so the resale values don't take that into account.

I had a similar thing happen with my Jeep. People all clamored about how the '14 was so much better and the 11-3 were going to be worthless and yadda yadda. they all tried to say that my loaded Overland (which I bought for 35.5 on a great deal - most were about 40 with similar miles) was going to be worth like 27k when I went to trade it in because there was a dealership that sold a new car for some absurdly low price (my favorite part is that people would factor in trade in value and stuff lik that as part of their purchase price. So they'd have 5k positive equity or something and count that as an extra 5k off. Or they'd neglect that despite the extra 1000 bucks off, they got like a 12% APR or something).

I ended up trading it in for 1500 less than I paid for it, after putting 11k miles on it and a year of owning it. The dealership I traded it to sold the car in 1.5 weeks and sold it for like 37.5k - more than I paid for it when I bought it.

Moral of the story is, the outlier prices we see here on the forums don't reflect the reality of prices overall.

paracord

1. Lots of people don't like the C7's styling and would rather keep or buy a C6

2. Lots of people don't want to buy a first-year car.

boraxman