TraceZ

Has anyone else read this "C5 Buyers Guide" article in Corvette Magazine? According to them all C5 Vettes appreciated in the last year, and they expect the trend to continue.

Their chart indicates my 02 rose in value by 7% - valued at $26,000 in "good" condition.

MSG C5

I think the last four years have really done a job on the adult toy market, particularly sports cars. I think most of the fire sales are over and the market is evening out. I also think many of the hard driven and abused C5s are starting to retire out of the market leaving more and more well cared for C5s in the market.

Nice to know, however I still don't have any plans to trade or sell mine.

Vetteman Jack

I saw that article. If true, that's good news for C5 owners

CHJ In Virginia

I don't know where they are getting their pricing data. In my part of the world - Shenandoah Valley of Virginia - most of those prices are highly optimistic. A buddy of mine had an absolutely pristine 03 vert that took him 5 months to sell. He did not get any where near what they list as a price for a top quality car. Everyone still wants the bargain.

robertlthomson

I read the full article yesterday afternoon and like the way MSG C5 put it..."Nice to know, however I still don't have any plans to trade or sell mine." Which is how I feel. But I do have to admit, it makes me feel good and a continued desire to take care of what I have. I would imagine that there are not many other vehicles that can make the same claim of "appreciation" or even and increase in desirability. Long live our VETTE'S!!

andrec10

Dave68

Owners lose so much money when they sell because they parked their cars in the sun without any protection at all. Placing a winshield cover over the dash is not enough; it does nothing to prevent paint discoloration to to the damaging UV rays of the sun.
If you park your C5, especially a red/orange/dark color one out in the sun, use a car cover. Your car will be worth more when you eventually sell it.

RetiredSFC 97

When I see it I'll believe it. The only vette on the planet that is appreciating? Not unless they've rewritten econ 101 it isn't.

TraceZ

Data provided by A&B Investments, publishers of the Vette-N-Vestments Corvette Pricing Guide.

approximate % increase in value based on year and model


97c - 4%

98c - 4%
98r - 6%
98pc - 7%

99c - 5%
99r - 6%
99ht - 4%

00c - 5%
00r - 6%
00ht - 4%

01c - 6%
01r - 6%
01z - 9%

02c - 6%
02r - 7%
02z - 11%

03c - 5%
03r -7%
03z - 10%

04c - 6%
04r - 6%
04z - 11%

Cybermind

I know for a fact that the C5's have increased in value in my neck of the woods. I also notice that there aren't many good-condition C5's for sale. This is especially true for manual cars. Pristine Z06's are even more rare because alot of them get raced or get modified to the point of no return.

As I stated before, it comes down to supply and demand. Everyone finds the C5 beautiful. This was not the case with the C4 and is definitely not the case with the C6. Therefore, I think that it's inevitable; the demand for a pristine C5 will increase in the future.

roadbike56

Great thread. This partially explains why some keep saying "that price is too high". Perhaps they are expected the cars to depreciate last year when the prices have actually gone up. I feel a little better about the prices I'm facing.

03 A/E Coupe

Here's an observation from driving by a local larger multi line GM dealer at least twice a day. They turned their former Hummer showroom into a specialty toy type area of their used car division.

As of late, they always seem to have a rather fast rotating stock of about a half dozen C5s at any given time.

The typical example has under 25K miles, and they are priced in the very high $20's.

Their C5 stock moves out fast and is replenished much faster than their used C6 inventory.

Corvette_Ed

My 2000 AW coupe appreciates every day.

I hop in it to take a drive and appreciate everything about it.

RetiredSFC 97

That may be true. But I looked up several C5 vettes yesterday on KBB and NADA just to see what's happening.

My FRC has depreciated in every instance since I purchased it. When I bought it I printed the value out and kept it in a folder. My car now is worth a little over 14 and when I bought it, it was worth over 16.

I would be careful with using 'investment" car guides for market value. They have an agenda just like the NADA and KBB books do.

But with that said, I do think all vettes are selling for more than they did 3 or 4 years ago. But what happened 4 years ago is not the norm and values decreased a lot. What may be happening is the readjustment just like what is happening on Wall Street.

But I really don't think they are appreciating as in normal type appreciating. They aren't old emnough to appreciate. But it is also supply and demand could be at play. People who once bought new are buying used now, so that will push up values.

Actually values of most used cars are on the rise from what I'm seeing. but it's not because of some mystical investment value.

99 VET

Read the article & found it interesting. Bought my '99 TR FRC new & to me "it's a keeper"! IMO, if your looking for a investment get a C-1 or C-2 otherwise drive & enjoy your C-5's.

Chinookmtp

As a guy at work is always saying, "I don't care how much you have invested, it's only worth what some is willing to pay".
In today's economy, the only reason the price goes up is because the value of the dollar has gone down..

mxz800

Maybe the price is going up because there is gas in the tank?



91 octane is $4 bucks now, I cry a little everytime I fill up.

STALION

I take this info with a grain of salt. In the end I think it's subjective since demographics will play a part in pricing along with other factors. I think in the long run our cars will appreciate in value ONLY when there are fewer and fewer pristine ones available....this scenario happened with the fox bodied Mustang (86-93). Prices began to level out and rise about 5 years ago, now people want what is considered a fortune for such an old car, but they are becoming rarer and rarer to come by. I see this happening in the future with the C5!

ztheusa

Completely bogus!

racebum

i've seen multiple 87-93 5.0's around here selling under 3000. the only ones getting money are either mint garaged super low milers or the 93 cobra or a saleen.

as for c5's, right now there are still a lot of buyer supporting prices. i just can't help but wonder what will happen when the c7 releases and more c6s get put on the used market. as it sits late c5 and early c6 prices are extremely close. i've watched early c6 prices drift lower over this past year, that in turn can't be good for the c5. the difference in price between an 03 and an 06 with identical mileage and condition is about 4-5k right now. people are looking to get 18 out of a 40-50k mile 2003 car and 22-23k out of the same mile 06 car. i don't think it's unreasonable to see that 06 car at 20k when the c7 releases. if that happens, where will the 03 be? also keep in mind the c4 didn't crash until 2005ish when the c6 released. back in 00,01,02 the late c4s were still popular cars that sold.

that's my basic thought process