Why Are C2 Corvettes Going Down in Value?
With C2 values potentially on the down swing, are you looking to sell yours?
Back in 2010, Hemmings set the range for good 1963-1967 Corvettes between $40,000 and $70,000 USD. Since then, there was a period that saw some growth in the pricing of these cars, and some owners made quite a lot of money selling at that time. Like all things in the automotive market, though, price fluctuations have a tendency to tear down what has been previously built up. We are currently in that cooling phase for C2 generation Corvettes. If you look around, you’ll see a lot of good driver-spec cars for sale in that 2010 range. Sure, the rarest of rare “Fuelie” cars are still commanding top dollar, but you can buy a really nice C2 example for somewhere around $35,000 if you look carefully, and those numbers are not likely to be increasing again any time soon.
There are a number of factors contributing to this downward slope right now. The first, and likely most important, factor is that C2 enthusiast numbers are dwindling. The people who grew up idolizing C2s likely already have one, and the people younger than them would simply rather have a C3. We find it hard to blame them, as the C3 is arguably a better, and frankly more iconic, Corvette. Additionally, C2 values have been too high for us to afford for our entire lives, so we’ve simply written them off as impossible to enjoy.
CHECK OUT: What Forum Members Are Saying About This Recent Trend
Now, as Corvette enthusiasts, surely we don’t much care about values, right? We drive the cars we drive because we enjoy them and what they bring to our lives. Surely none of the C2 owners here will be bailing out of their collectible cars because the prices are on a downward slope. You’re going to pass your ‘Vette onto your children as a family heirloom, right?
Besides, the real hot investment right now is the C4 ZR1, so go grab one of those and keep it in a plastic bubble for another 10 years if you want to speculate on values.