Confusing prices
Pro
Joined: Nov 2012
Posts: 541
Likes: 0
From: Raleigh North Carolina
You want to see far apart prices.,look at the book prices, and then take your car to the dealer and see what the trade in offer is. My 04 was less than 50% of low book. That was six months ago. I was told that 25,000 miles on an 04 is very high, and the 6 speed manual transmission car, is not something that would be easy to sell.
That dealer must've dropped acid right before you got there.
Race Director
Joined: Nov 2004
Posts: 11,069
Likes: 1,287
From: Central Ma
Burning Brakes
Joined: Apr 2012
Posts: 1,233
Likes: 5
From: Hyde Park New York
You want to see far apart prices.,look at the book prices, and then take your car to the dealer and see what the trade in offer is. My 04 was less than 50% of low book. That was six months ago. I was told that 25,000 miles on an 04 is very high, and the 6 speed manual transmission car, is not something that would be easy to sell.
Drifting
Joined: Apr 2006
Posts: 1,936
Likes: 13
From: Redding California
A few years later we bought a house with a Spanish-style tile roof. I called my insurance agent and told him we have a tile roof.
Insurance agent. (More sucking noises)...."Ooh, that will add to your premium"
Me: "Why, they are a virtual zero fire risk!"
Insurance agent: "Yes, but they are expensive to replace"
It's the same with car insurance.
A mini van is expensive to insure because it can carry 9 people. A corvette is expensive because it can't!!!
You can't win.
.
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
KBB showed the 2003 Anniversary Convertible 33,600Mi pricing for Retail GOOD at 34,041
In addition to the great prices on new 2013's, I have a GM mastercard that takes another $4000 off that price. ($3000 + a $1000 private offer). That makes a new 2013 less for me than what KBB says for a 10 year old.
The pricing has gone crazy.
of the 3 major books only one is somewhat accurate and that's nada. it's fairly close to realistic prices in a lot of cases. the other two are crazy, one is heading for the moon and the other is under dealer auction prices sometimes
i tried a few different cars on nada and their retail would be the high side of realistic actual value and clean trade in a common sales point with average trade representing a rough car. they must get info from manheim as the prices were all adjusted from what i was seeing for auction closes. it wasn't the same but it did follow the trend
Last edited by racebum; Feb 9, 2013 at 12:55 AM.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Race Director
Joined: Aug 1999
Posts: 13,281
Likes: 2,509
From: Bluffton SC via Canton Oh
What I see dealers doing is going to the auction listings and seeing what cars are actually bringing. I think here in Ohio they use the Manhimes(?) auction. So they say I'll give you $X for your trade because if I wanted a car like yours to put on my lot I can go to auction and get it for $x. Sort of makes the books obsolete.
Thread Starter
Burning Brakes
Joined: Aug 2006
Posts: 1,147
Likes: 18
From: Thompsons Station Tennessee
it has. it's not just corvette either. i was just looking at a 54k mile 2001 s2000 with a friend of mine earlier. dealer posted at 14, manheim auctions are in the high 11s and get this, kbb says it's worth 22k retail
of the 3 major books only one is somewhat accurate and that's nada. it's fairly close to realistic prices in a lot of cases. the other two are crazy, one is heading for the moon and the other is under dealer auction prices sometimes
i tried a few different cars on nada and their retail would be the high side of realistic actual value and clean trade in a common sales point with average trade representing a rough car. they must get info from manheim as the prices were all adjusted from what i was seeing for auction closes. it wasn't the same but it did follow the trend
of the 3 major books only one is somewhat accurate and that's nada. it's fairly close to realistic prices in a lot of cases. the other two are crazy, one is heading for the moon and the other is under dealer auction prices sometimes
i tried a few different cars on nada and their retail would be the high side of realistic actual value and clean trade in a common sales point with average trade representing a rough car. they must get info from manheim as the prices were all adjusted from what i was seeing for auction closes. it wasn't the same but it did follow the trend
As for car pricing, my Dealership and all of the ones I dealt with use the Black Book for pricing trades. These prices are actual up to date local auction prices. I know for a fact that my used car manager would look at a car and in most cases would quote the lowest "rough" price listed. If the customer balked the salesman would go back to the manager and get a little more for the trade. Have you been there? There is another factor involved here. Lets say that the Dealer already has 3 cars just like yours on the lot. He is inclined to not offer as much because He already has too many. In this case He may contact another Dealer and see if they want the car and if so what will they offer for it.
We who are not in the car business can only go by what is available such asKBB or NADA. In the end it depends on how badly you want to sell or buy.
Thread Starter
Burning Brakes
Joined: Aug 2006
Posts: 1,147
Likes: 18
From: Thompsons Station Tennessee
KBB showed the 2003 Anniversary Convertible 33,600Mi pricing for Retail GOOD at 34,041
In addition to the great prices on new 2013's, I have a GM mastercard that takes another $4000 off that price. ($3000 + a $1000 private offer). That makes a new 2013 less for me than what KBB says for a 10 year old.
The pricing has gone crazy.
Le Mans Master
Joined: Jun 2009
Posts: 6,528
Likes: 752
From: South Dakota
I haven't talked with Les Stanford, but I did talk with MacMulkin. It was 18% off MSRP on a 1LT. In addition there was a $3000 corvette loyalty and in my case a GM card offer for another $4000. They do not have additional fees. So a $51750 MSRP would be $35435 with no dealer fees or add on items. (Out the door price) Les Stanford is advertising a little less, but I have not talked with them yet.
Safety Car
Joined: Dec 2010
Posts: 4,820
Likes: 34
From: Ravensdale WA
NADA may be closer to correct but I worked in sales at a GM dealership in 1994. After 9 months I had enough. There is something fishy about the $36K 2013 Vette. This might be a GM exec car. The Dealer cost on a base car is higher than what they are selling it for? I don't know of anybody that can stay in business selling at a loss. I guess that it could be a bait and switch situation?
As for car pricing, my Dealership and all of the ones I dealt with use the Black Book for pricing trades. These prices are actual up to date local auction prices. I know for a fact that my used car manager would look at a car and in most cases would quote the lowest "rough" price listed. If the customer balked the salesman would go back to the manager and get a little more for the trade. Have you been there? There is another factor involved here. Lets say that the Dealer already has 3 cars just like yours on the lot. He is inclined to not offer as much because He already has too many. In this case He may contact another Dealer and see if they want the car and if so what will they offer for it.
We who are not in the car business can only go by what is available such asKBB or NADA. In the end it depends on how badly you want to sell or buy.
As for car pricing, my Dealership and all of the ones I dealt with use the Black Book for pricing trades. These prices are actual up to date local auction prices. I know for a fact that my used car manager would look at a car and in most cases would quote the lowest "rough" price listed. If the customer balked the salesman would go back to the manager and get a little more for the trade. Have you been there? There is another factor involved here. Lets say that the Dealer already has 3 cars just like yours on the lot. He is inclined to not offer as much because He already has too many. In this case He may contact another Dealer and see if they want the car and if so what will they offer for it.
We who are not in the car business can only go by what is available such asKBB or NADA. In the end it depends on how badly you want to sell or buy.
Also as someone who owns both a C6 and C5 I will tell you the C5 is the better car. I think they have more or less bottomed out and like the C3s will start to go up in a few years. Many C6 owners on here compare the C5 to the C4 and say it's still dropping. The C4 was a departure from a true Corvette and therefore is dated. The C5 was a return to a traditional Corvette. The C7 will hurt the C6 value especially on the newer ones but I don't think it will have much effect on the C5s. All clean Corvettes C3 and older sell for much more than they cost new. C5s are way below what they cost new and nice ones are getting harder to find. IMHO the C5 and C6 are more or less the same car. It's like chrome bumper C3s VS Rubber bumper C3s. The C6 will never hold it's value as well like the newer C3s don't. But a clean C3 with rubber bumpers is still worth more than it cost new.
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
NADA may be closer to correct but I worked in sales at a GM dealership in 1994. After 9 months I had enough. There is something fishy about the $36K 2013 Vette. This might be a GM exec car. The Dealer cost on a base car is higher than what they are selling it for? I don't know of anybody that can stay in business selling at a loss. I guess that it could be a bait and switch situation?
As for car pricing, my Dealership and all of the ones I dealt with use the Black Book for pricing trades. These prices are actual up to date local auction prices. I know for a fact that my used car manager would look at a car and in most cases would quote the lowest "rough" price listed. If the customer balked the salesman would go back to the manager and get a little more for the trade. Have you been there? There is another factor involved here. Lets say that the Dealer already has 3 cars just like yours on the lot. He is inclined to not offer as much because He already has too many. In this case He may contact another Dealer and see if they want the car and if so what will they offer for it.
We who are not in the car business can only go by what is available such asKBB or NADA. In the end it depends on how badly you want to sell or buy.
As for car pricing, my Dealership and all of the ones I dealt with use the Black Book for pricing trades. These prices are actual up to date local auction prices. I know for a fact that my used car manager would look at a car and in most cases would quote the lowest "rough" price listed. If the customer balked the salesman would go back to the manager and get a little more for the trade. Have you been there? There is another factor involved here. Lets say that the Dealer already has 3 cars just like yours on the lot. He is inclined to not offer as much because He already has too many. In this case He may contact another Dealer and see if they want the car and if so what will they offer for it.
We who are not in the car business can only go by what is available such asKBB or NADA. In the end it depends on how badly you want to sell or buy.
one of the factory rebates that makes the difference between 36k or 39k is the loyalty program. you have to own a corvette already to get it. that means you either find a beater 1984 car to register to get the rebate or you simply don't get it and pay 39k.
i do 100% agree with what you said about dealers buying cars. that's exactly how it goes everywhere and what's likely to cause a dip in c6 prices for a year or so as people upgrade to the 7. when they get a lot of supply it Will push prices down until buyers clear it out. i'm gambling on that and waiting till late summer to buy a 6 unless i get a great deal. i think the supply will be up late summer/fall and i should have a nice price to benefit ratio
one reason c5's have been so stable the past few years is just this. the sell off happened in 05-06, after that and especially the last couple years the people who have c5's actually like the cars and want to keep them. no real firesale must have a c6 mentality anymore
Last edited by racebum; Feb 9, 2013 at 02:47 PM.
