How much Time until Price UP
Le Mans Master
Joined: Mar 2006
Posts: 6,072
Likes: 197
From: Arizona
Are you referring to C5s or all Vettes?
The country seems to be sliding into a nasty recession. With home values falling, people are (wisely) holding back on their spending. 70% of our economy's activity revolves around consumer spending. Luxury items, like Vettes, boats, etc. are gonna take hits for a while.
Plus, GM is offering hefty cuts on 2008 Corvettes -- this will have a trickle-down effect on the value of all Vettes.
So, to answer your question -- not for a long time. Is a buyer's market.
The country seems to be sliding into a nasty recession. With home values falling, people are (wisely) holding back on their spending. 70% of our economy's activity revolves around consumer spending. Luxury items, like Vettes, boats, etc. are gonna take hits for a while.
Plus, GM is offering hefty cuts on 2008 Corvettes -- this will have a trickle-down effect on the value of all Vettes.
So, to answer your question -- not for a long time. Is a buyer's market.
Race Director
Joined: Mar 2007
Posts: 18,308
Likes: 21
From: Marlton. Increasing performance one speeding ticket at a time! NJ
Are you referring to C5s or all Vettes?
The country seems to be sliding into a nasty recession. With home values falling, people are (wisely) holding back on their spending. 70% of our economy's activity revolves around consumer spending. Luxury items, like Vettes, boats, etc. are gonna take hits for a while.
Plus, GM is offering hefty cuts on 2008 Corvettes -- this will have a trickle-down effect on the value of all Vettes.
So, to answer your question -- not for a long time. Is a buyer's market.
The country seems to be sliding into a nasty recession. With home values falling, people are (wisely) holding back on their spending. 70% of our economy's activity revolves around consumer spending. Luxury items, like Vettes, boats, etc. are gonna take hits for a while.
Plus, GM is offering hefty cuts on 2008 Corvettes -- this will have a trickle-down effect on the value of all Vettes.
So, to answer your question -- not for a long time. Is a buyer's market.
Burning Brakes
Joined: Oct 1999
Posts: 836
Likes: 0
From: Colorado Springs, Colo., USA
If you mean like those stratospheric (meaning idiotic) prices we saw in the collector car market the 90s, probably never.
The C5, albeit a limited production car, remains mass produced, and in enough quantities that the standard, run of the mill, C4, C5, C6 will not see big, big bucks from collectors. Some of the specialty Corvettes, Z06and the old and particularly the new ZR1 likely will command some collector interest.
Essentially, the Corvette will hold its value better than say a Mustang, and it may slowly climb in value again, but that is a long, long way off. Probably have to retrofit them to run on hydrogen.
The C5, albeit a limited production car, remains mass produced, and in enough quantities that the standard, run of the mill, C4, C5, C6 will not see big, big bucks from collectors. Some of the specialty Corvettes, Z06and the old and particularly the new ZR1 likely will command some collector interest.
Essentially, the Corvette will hold its value better than say a Mustang, and it may slowly climb in value again, but that is a long, long way off. Probably have to retrofit them to run on hydrogen.
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Drifting
Joined: Dec 2005
Posts: 1,314
Likes: 1
From: Chicago Illinois
Prices on c5s will only go down. As someone already said, they are mass produced. As long as the new corvettes are made faster, or in very limited quantities, they will never go up in value. C5s are a great value and a good bang for the buck so they may not go down in value
as fast as other cars such as TAs, Z28s, or GTOs. Heck, you can already buy a 04 GTO for 16k. An 04 vette is in the high 20s.
as fast as other cars such as TAs, Z28s, or GTOs. Heck, you can already buy a 04 GTO for 16k. An 04 vette is in the high 20s.
Instructor
Joined: Jan 2006
Posts: 222
Likes: 1
From: South OC CA
Like the previous models, the c5s will probably bottom at around 10K and then 10 years later start the climb up. So after the car hits 20-25 years old the price will increase. Unless the C7 is small with a four cylinder, then the C5s will at least stop sliding in price. of course just my .02 cents, so enjoy the car it will not be a collectible for a VERY long time.
Race Director
Joined: Jan 2007
Posts: 18,643
Likes: 14
From: Norman Oklahoma - The Only State in the Union with no Blue Counties!
Are you referring to C5s or all Vettes?
The country seems to be sliding into a nasty recession. With home values falling, people are (wisely) holding back on their spending. 70% of our economy's activity revolves around consumer spending. Luxury items, like Vettes, boats, etc. are gonna take hits for a while.
Plus, GM is offering hefty cuts on 2008 Corvettes -- this will have a trickle-down effect on the value of all Vettes.
So, to answer your question -- not for a long time. Is a buyer's market.
The country seems to be sliding into a nasty recession. With home values falling, people are (wisely) holding back on their spending. 70% of our economy's activity revolves around consumer spending. Luxury items, like Vettes, boats, etc. are gonna take hits for a while.
Plus, GM is offering hefty cuts on 2008 Corvettes -- this will have a trickle-down effect on the value of all Vettes.
So, to answer your question -- not for a long time. Is a buyer's market.
Recession, Bah Humbug! Look at the numbers underlying the driveby media hype. low unemployment, lowerinf interest rates, etc. I the the dang politicians would stay out of the way we all would be doing fine. Out here in Oklahoma there is no hint of a slow down. The libs and their friends in the press are calling doom and gloom cause they want a lib in the White House.
Just refuse to have a recession in YOUR world! I am going to.
p.s. Inflation is up because we are burning our food,,,,,ethanol,,,,real smart,,,,NOT
Safety Car
Joined: Oct 2003
Posts: 3,597
Likes: 101
From: TN PA
CI 5-6-7-8-9-10-11 Vet
Intermediate
Joined: Jan 2008
Posts: 29
Likes: 0
From: Summit NJ
Rite on the money!
[QUOTE=Silverbullet00;1564302749]Recession, Bah Humbug! Look at the numbers underlying the driveby media hype. low unemployment, lowerinf interest rates, etc. I the the dang politicians would stay out of the way we all would be doing fine. Out here in Oklahoma there is no hint of a slow down. The libs and their friends in the press are calling doom and gloom cause they want a lib in the White House.
Just refuse to have a recession in YOUR world! I am going to.
p.s. Inflation is up because we are burning our food,,,,,ethanol,,,,real smart,,,,NOT
You hit the nail on the head this Recession is driven by fear. Fear the media creates. Your rite about the libs also, maybe they have a way of taxing us out of this receccion. Sick of it all, I'm with you I refuse to have a recession now more than ever people need to spend.
Just refuse to have a recession in YOUR world! I am going to.
p.s. Inflation is up because we are burning our food,,,,,ethanol,,,,real smart,,,,NOT
You hit the nail on the head this Recession is driven by fear. Fear the media creates. Your rite about the libs also, maybe they have a way of taxing us out of this receccion. Sick of it all, I'm with you I refuse to have a recession now more than ever people need to spend.
Burning Brakes
Joined: Sep 2004
Posts: 1,003
Likes: 1
From: Richmond VA
Recession, Bah Humbug! Look at the numbers underlying the driveby media hype. low unemployment, lowerinf interest rates, etc. I the the dang politicians would stay out of the way we all would be doing fine. Out here in Oklahoma there is no hint of a slow down. The libs and their friends in the press are calling doom and gloom cause they want a lib in the White House.
Just refuse to have a recession in YOUR world! I am going to.
p.s. Inflation is up because we are burning our food,,,,,ethanol,,,,real smart,,,,NOT
Just refuse to have a recession in YOUR world! I am going to.
p.s. Inflation is up because we are burning our food,,,,,ethanol,,,,real smart,,,,NOT
Now is not a good time to be a seller but great to be a buyer, as with housing... it's a buyers market!
Gas prices are not helping either, tipping 3.20 a gallon for the cheap stuff here...
Safety Car
Joined: Jun 2005
Posts: 3,561
Likes: 33
From: Clark NJ
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Last edited by Johnny_B_Good; Mar 1, 2008 at 08:04 PM. Reason: correct spelling
Melting Slicks
Joined: Feb 2007
Posts: 2,533
Likes: 3
From: New fairfield Connecticut
Recession, Bah Humbug! Look at the numbers underlying the driveby media hype. low unemployment, lowerinf interest rates, etc. I the the dang politicians would stay out of the way we all would be doing fine. Out here in Oklahoma there is no hint of a slow down. The libs and their friends in the press are calling doom and gloom cause they want a lib in the White House.
Just refuse to have a recession in YOUR world! I am going to.
p.s. Inflation is up because we are burning our food,,,,,ethanol,,,,real smart,,,,NOT
Just refuse to have a recession in YOUR world! I am going to.
p.s. Inflation is up because we are burning our food,,,,,ethanol,,,,real smart,,,,NOT
Administrator
Joined: Mar 2001
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
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If you are talking about a seasonal adjustment, then probably in about a month or so they should go up some. If you are talking about appreciating in value, not for a long, long time I'm afraid.