C4 price increase?
Racer
Joined: Sep 2010
Posts: 305
Likes: 2
From: Epfenbach BW
I had my 88 Convertible evaluated by my insurance company due to new contract as the car turned 25 years and is now considered a "classic car".
A whopping 19300 Euro which equals to roughly 25k US$. The car is in perfect condition (although not low mileage, 100k). Mind you I am in Germany, our car prices are somewhat different than the US marked.
I bought it for 10K Euro a couple of years ago and invested quite a lot.
I am more than positively amused never the less...
A whopping 19300 Euro which equals to roughly 25k US$. The car is in perfect condition (although not low mileage, 100k). Mind you I am in Germany, our car prices are somewhat different than the US marked.
I bought it for 10K Euro a couple of years ago and invested quite a lot.
I am more than positively amused never the less...
Last edited by eaglevision993; Jul 13, 2013 at 06:37 PM.
Heel & Toe
Joined: Mar 2013
Posts: 24
Likes: 0
1966
Bought my 66 coupe in 72 and paid 1750.00 for it. did fram off resto and now it has 2980 miles on it. dont expect my 91 to increase as much as the 66 has just due to quantity but it still will increase in value depending on the shape and how many have been destroyed.
Melting Slicks
Joined: Apr 2011
Posts: 3,496
Likes: 475
From: New Jersey
ThirdGens have increased so much because very few people bought and babied them. They were pretty much all beaten to death and chopped up by bunch of rednecks and punks. There are so few nice clean ones.
Our Vettes have, as an aggregate, lived a much easier life. We will take longer to get there.
Our Vettes have, as an aggregate, lived a much easier life. We will take longer to get there.
Race Director
Joined: May 2006
Posts: 10,691
Likes: 71
From: Phoenix Arizona
Actually, C3's are tanking with the exception of the BB's,and they too are slipping. Cars that were in the 20's are in the teens and not selling. Check out Ebay and Craigs List. Museum quality cars are being held up by investors, but everything else is dropping. C2's are declining also. People were blaming it on the economy, but they just haven't rebounded. For a generation, if you wanted performance you had to go back to the sixties, but now you can get better, far more powerful, reliable, economical and frankly exciting cars off the show room, and many of them have depreciated to under the price of the older vettes. Look who owns most of those early vettes...old men. It's a different world out there now.
Racer
Joined: Sep 2012
Posts: 462
Likes: 3
From: Virginia
I'm not sure I'd necessarily classify the newer cars as "more exciting." More reliable? Yes. Faster? Yes. Better value? Yes. More exciting? Eeeeeh...if new technology and precision implementations of it are what you find exciting, sure. Me? I find it boring. I find that they are adding things to vehicles that I consider superfluous or even dangerous. The requirements on automobiles and the nature of businesses have forced them into this sort of pasteurized, homogeneous set of looks and feels. Cars are appliances, and it's bleak. I mean, they've always been appliances but now it really shows.
That said, I don't think the C4 will go up in value with much meaning any time soon simply because it has more old-timey charm or character. They will stay down because, from what my experience says, people don't really care about Corvettes. They know what they are, they generally respect its ability to go fast, but they just aren't interested. It's not special. You buy a new Jaguar F-Type, a Focus ST, or a Fiat 500 Abarth, and those are special cars to them. Basically, the demand is just really low, while the supply is really high.
That said, I don't think the C4 will go up in value with much meaning any time soon simply because it has more old-timey charm or character. They will stay down because, from what my experience says, people don't really care about Corvettes. They know what they are, they generally respect its ability to go fast, but they just aren't interested. It's not special. You buy a new Jaguar F-Type, a Focus ST, or a Fiat 500 Abarth, and those are special cars to them. Basically, the demand is just really low, while the supply is really high.
Instructor
Joined: Sep 2012
Posts: 249
Likes: 2
From: Watkins Glen NY
I never use KBB.
Dealers around me use NADA, but your car is always worth $1.00 more than what you would take to part with it.
I don't think I'll ever part with mine. I love all Vettes but I sat in a C5 and didn't feel like it was a Vette.
Dealers around me use NADA, but your car is always worth $1.00 more than what you would take to part with it.
I don't think I'll ever part with mine. I love all Vettes but I sat in a C5 and didn't feel like it was a Vette.
Safety Car
Joined: Oct 2007
Posts: 4,426
Likes: 229
From: Pennsylvania
It's a sad day if anyone considers ANY of those three cars "special". Fiat 500 Abarth?
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Race Director
Joined: May 2008
Posts: 10,742
Likes: 629
From: Manheim Pennsylvania
With the coming of the C7, the value of the C6 has taken another hit. First the depression/recession now the new model. I sampled the waters, getting a price on a 2013 and trading my 2006; the dealer wanted to allow $3,000 less than Blue Book on my 11,000 mile, almost perfect C6. Needless to say, no deal. Now, after I see and drive a C7, I'm thinking of getting a trade-in price on my 10,000 mile C4 convertible, that should be interesting as well. I have too many cars, I have to sell or trade one or both cars on a C7. Keep what I currently own???
Race Director
Joined: Oct 2011
Posts: 15,061
Likes: 1,613
From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
I always use old reliable, Autotrader.com. They have real cars that are actually for sale, not some virtual car with a price based on dealer reports and some formula. Because I considered going with a C4, I kept up with the asking prices and I would certainly agree with the OP, C-4s prices have risen compared to last year. In 2012, there were some really clean LT-1 cars around here with under 90K on the clock in the 7K to 10K range. Some were begging for buyers. There's not much out there now below 10K and I'd say the range for the same cars is about $9 to 12K. Just my opinion based on what I see in Autotrader, but I'd say they've gone up. I'm certain they have not gone down in price. The one dealer that likes to pick up newer C4s had a couple in the $9K range that went pretty quickly. The totally stock one sold in about a week.
Feel free to disagree with me, but I think C4s are enjoying a good year.
Feel free to disagree with me, but I think C4s are enjoying a good year.
Life Starts at 120 mph
Joined: Jun 2012
Posts: 1,536
Likes: 190
From: Upstate New York
NCM Lifetime Member
NCM Sinkhole Donor
I don't regard KBB as a reliable indicator of value on a C4 (or much of anything else in the Corvette world).
That said, I believe that given enough time, the value of unmolested, relatively stock C4's will go up (or perhaps just not continue to go down).
I know that I'd hold out for $10k - $12k for mine ('95 black coupe, 1SB, six speed, and Bloomington Gold certification).
A lot will depend on the success of the C7. If it takes off, then C6 prices will fall, and there will be some pressure on the newer C5 prices, too. I don't think falling C6 and C5 prices will have much effect on C4 prices, though.
Steven
That said, I believe that given enough time, the value of unmolested, relatively stock C4's will go up (or perhaps just not continue to go down).
I know that I'd hold out for $10k - $12k for mine ('95 black coupe, 1SB, six speed, and Bloomington Gold certification).
A lot will depend on the success of the C7. If it takes off, then C6 prices will fall, and there will be some pressure on the newer C5 prices, too. I don't think falling C6 and C5 prices will have much effect on C4 prices, though.
Steven
completely...BINGO
Racer
Joined: Sep 2012
Posts: 462
Likes: 3
From: Virginia
I, personally, don't, but none of them are common items (well, maybe the Focus ST is) on American roads. The Corvette is. It's that simple. Euro is chic with people over here; people are drawn to that which is out of the ordinary.
