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why are C3's so cheap

Old 07-10-2018, 10:00 PM
  #21  
7T1vette
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The prices for C3 vettes will go up when the prices for C2's get beyond reason (which is rapidly becoming the case). Also note that the value of very early C1's is not as high as it used to be. Taste's change and it's all about what the general public perceives as "desirable".
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Old 07-10-2018, 10:01 PM
  #22  
BarryB72
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That's a hagerty graph, it appears.

I've been looking for something with a back seat since I've had a couple kids and I can't find even a plain Jane Camaro that I could trade for even up.

I'm for all intents and purposes "stuck" with this car because I'll never find anything anywhere near as nice with chrome bumpers (which are a must for me, regardless) for what it's worth.


But as for why - I agree with supply and demand. There's a jillion L48 cars out there so there's plenty of supply, and the demand is for something with horsepower.

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Old 07-10-2018, 10:56 PM
  #23  
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Price was one of the reasons i bought a Vette , it was affordable for me and i'm glad it was
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Old 07-10-2018, 10:59 PM
  #24  
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Not all of the half million plus C3s were created equal. The demand for the high horsepower 4 speed cars has been steadily exceeding the supply. The opposite is true for the low horsepower autos. Just look at the many C3s listed for sale on this forum...way more than the WTBs. Even those who are looking for a high HP car are not willing to pay squat for a nice one. Most everybody is looking for a bargain...or a blank slate to modify to their taste. That is not a collector car that will go up in value

When I paid $25k for mine 14 years ago, NADA showed $32k for a #2 car. Now they show a #2 car being worth $81k. Not too shabby. The cost to restore any C3 is more or less the same...time and materials. I now have over $70k into it and still climbing. The mostly original paint is going to stay on there for the rest of my life. My son wants the car, so it will likely not be on the market for many years to come.
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Old 07-11-2018, 12:12 AM
  #25  
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I don't have the answer.

All I do know is that I sold my 1973 Corvette for 15k and I got 20k for my 1968 Camaro RS/SS clone. The gentleman who bought the Corvette is having a heck of a time selling it now and the Camaro was flipped for 26k. (Yep that hurt.)

The phone rang off the hook when I put the Camaro on Craigslist. The new Corvette owner not so much. Don't get me started on my 1969 Camaro. Plenty of offers but I just tell them it's not for sale.

I've never got that kind of response with the Corvette's.
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Old 07-11-2018, 11:08 AM
  #26  
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Originally Posted by orourke View Post
I don't have the answer.

All I do know is that I sold my 1973 Corvette for 15k and I got 20k for my 1968 Camaro RS/SS clone. The gentleman who bought the Corvette is having a heck of a time selling it now and the Camaro was flipped for 26k. (Yep that hurt.)

The phone rang off the hook when I put the Camaro on Craigslist. The new Corvette owner not so much. Don't get me started on my 1969 Camaro. Plenty of offers but I just tell them it's not for sale.

I've never got that kind of response with the Corvette's.
Sounds like the guy who bought the Camaro was one looking for a driver, didn't seem to care whether it was original, just wanted a 68 Camaro RS/SS.
Fact it was a clone didn't seem to be that big a deal.

Corvette world is quite different, a clone would receive a great deal of scorn.
Market more driven by collectors?
Lack of originality or paperwork probably drives many down price-wise.
Longing for the cars many owned when they were young most likely influences the market as well, few owned Corvettes back then.
Then there's the cost to maintain, difficult to work on...



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Old 07-11-2018, 11:14 AM
  #27  
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Lots of C3 corvettes have survived over the years and 10's of thousands were made each year. Muscle cars were all steel, far cheaper to buy (maybe no incentive to keep them up back in the day like a vette owner would) and rusted out or just fell apart. If there is a shortage these days of muscle cars, supply and demand based prices come into effect. Also, as a young teen back in the 60's, I would have chosen a Hemi 'cuda over a 427 vette. Like others have noted, older guys like muscle cars over vettes when they can now buy them.
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Old 07-11-2018, 11:37 AM
  #28  
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In regards to first gen Camaro prices- what do you think the c3 market would be if we were saying the c3 corvette ran for just 3 years, from 1968-1970?

Or in regards to c2 prices, what if the c2 ran from 1963 to 1977? How ridiculous does that sound? What would a 1975 c2 on it's 13th year of production with 165 HP go for?

(I should ask the c2 crowd that one)

Last thought for now- I'm 41 and we had a 75 vette when I was little. That car does not seem old to me and I would not have one unless I was starting a collection. My 72 just seems old to me -again- metal bumpers. I think the c3's don't seem exotic enough because they were still being made in the 80's.
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Old 07-11-2018, 11:57 AM
  #29  
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Alot of the people looking for cars now that they can afford them have kids, grandkids and a wife to take along. Maybe they might need the trunk space.
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Old 07-11-2018, 01:31 PM
  #30  
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The C3 body ran for Sooooooooooo long , shear numbers , the fiberglass body and people were saving them, garaging them when pretty much no other cars of the era were being saved or collected . 1978 and 82 collectors additions , what other car already had a collector edition, people were paying ou the nose to own C3 s back then. While i noticed The metal cars , especially the dodges were been crushed and sold for junk by the millions . Mustangs , Chargers , Camaro lined the lots in the the late seventies. give away prices . rustbuckets ..usually 1/5 or an average corvette. Also , MORE people owned those metal muscle cars than corvettes to begin with . They were more affordable than a new Corvette. Fewer metal survived and lots more of former owners looking for their memories. I believe had GM introduced an all new model Vett in 1973 ...like they had promised ..... 68-72 would have been way more desirable today ....but building a zillion more C3 on though 1982 kinda put a hurting on that. While people on here know the obvious differences like the back of their hand between 68-82 models.....sorry but most of the population does NOT . The body style is what they associate the era. I have a Camaro , and hardly any in stock condition survived . They were raced on dirt tracks and in general were treated WAY worse than most corvette owners of the 68-82 treated their cars. Vett owners were older , garaged their cars and pampered them more than joe redneck and his Barracuda or Mustang . 70's Vettes lack of horsepower for most of the C3 period has killed intrest . Yet I recall in 1970's Chey was building all they could and orders often turned away. I suggest people BUY what you like , not what others tell you . If you like a certain model , then buy it , Im not buying to please anybody but ME . That said I m having a jones for a SD TA . Ill still keep my slow assed Camaro. cause its what I owned as a 16 year old. LOL.

Last edited by LS4 PILOT; 07-11-2018 at 01:33 PM.
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Old 07-11-2018, 02:40 PM
  #31  
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At the last car show I went to there were 69 Camaros everywhere, I actually got tired of looking at them, but not a single C3. Trends will change and prices will follow but I have noticed over the last 12 months C3 prices in my area bottomed out and bounced and on their way back up. C4's are diving now so if you want to add a c4 to your collections now is the time.
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Old 07-11-2018, 02:45 PM
  #32  
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All sound observations. I've found demand for 68-72 chrome bumper C3s, 4 speeds and 427s remains high. The poly bumper cars are out of favor for the most part unless you are buying a 78 Pace Car or a Commemorative. I just sold my 77 L48 this morning, took the last ride in it before the new owner takes delivery. I sold it for what I paid for it 15 years ago and I consider myself fortunate. Sure I had maintenance costs and insurance and in the back of my mind 15 years ago I guess I was hoping it would go up in value because it was an iconic body style. But lets face it: 14 years of the same design and choked down 350 engines does not a collector make.

And for the record I've been a C4 owner and that's a mistake I won't make again.




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Old 07-11-2018, 02:56 PM
  #33  
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I worked at a car lot specializing in muscle cars and Corvettes back in the very early 70's. I also knew lot's of people with muscle cars in the late 60's and early 70's. The muscle cars got the snot beat out of them and a lot of them got wrecked. Rust took a lot of them out also. The Corvettes seemed to get taken care of more than the muscle cars. A lot of them were fair weather cars and always garaged. The muscle cars got used as regular cars and driven all winter in the snow. I don't know the percentage, but I would be willing to bet that a larger percentage of Corvettes survived as compared to the muscle cars.

Mike
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Old 07-11-2018, 03:52 PM
  #34  
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I'm not bitching about the price of Corvettes. I started out to buy a 1st generation Camaro, but when I discovered the same money bought me twice the Corvette the rest was easy.

In my youth I owned several Camaro's and always wanted a Vette so this was my big chance.
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Old 07-11-2018, 05:15 PM
  #35  
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An unremarkable 1985 Mercedes station wagon just sold for $35,000 on Bring a Trailer. The same $35,000 will buy you an extremely nice C3. Yes, C3's are cheap in comparison to what a lot of other types of vehicles are selling for.
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Old 07-11-2018, 05:18 PM
  #36  
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Originally Posted by Chapter2 View Post
An unremarkable 1985 Mercedes station wagon just sold for $35,000 on Bring a Trailer. The same $35,000 will buy you an extremely nice C3. Yes, C3's are cheap in comparison to what a lot of other types of vehicles are selling for.
That's a stunning color combination!
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Old 07-11-2018, 06:38 PM
  #37  
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Originally Posted by redvetracr View Post
price a chrome bumper 68-72 and get back to us

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Old 07-11-2018, 07:12 PM
  #38  
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Greater Los Angeles area Craigslist current listings for '68-'72 cars shows a low of $16,500 for a '68 small block 4 speed coupe and a high of $49,500 for a '71 big block roadster.
There are a couple of lower priced projects and a couple of higher priced full mods, but I don't think those are fair comparisons.
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Old 07-11-2018, 07:34 PM
  #39  
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My parents wouldnt pony up 1k for a 58 vette in the mid-70's. I bought a 65 GTO conv for 200. Went thru 5 or 6 Goats. All 2 to 300 purchase price. Then i did about 35 65-70 Mustangs. Again 1 to 300 price. Sold em for 1k or so. Vettes were never 200 dollar cars. They were virtually all kept, even the worthless ones. 69 Mach 1 drove out of the guy's yard for 50 bucks. The steel cars got salted up and rusted and crushed. The vettes got salted up and rusted, and they are still out there bringing down the market for the solid ones. And MANY more were well kept and weekend cars cuz everybody KNEW they were gonna be worth a fortune. I wish i still had that 65 GTO conv that i left for scrap on the Memphis Navy base...

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Old 07-11-2018, 07:58 PM
  #40  
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A lot of truth in that post dd.
I too remember in the mid 70's, being offered a neighbor's one owner, 1966 fastback Mustang, 289 4 speed. Price was $600, I offered $500, he refused, I walked. That's all the car was worth at that point in time. However, around the same time my friend bought a real nice '71 Corvette 454, 4 speed coupe for $3,500.
We thought that was CRAZY money back then.
Most nice muscle cars could be had for $1,800-$2,500 then.
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