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And so it begins. The upward march in pricing of the 5th gen Z06 was inevitable. They are truly a piece of automotive history.
Originality and low mileage (sub 10k) are starting to produce a noticeable increase in value.
While I would agree that currently there is greater appreciation for the Z06, that BAT car was an outlier insofar as it was, at 11 miles, effectively brand new. My sense is that any significant mileage added to that car will dramatically negatively impact its perceived value.
While I would agree that currently there is greater appreciation for the Z06, that BAT car was an outlier insofar as it was, at 11 miles, effectively brand new. My sense is that any significant mileage added to that car will dramatically negatively impact its perceived value.
I've noticed along with others here on the Forum that the prices on clean and low mileage C5's have been increasing recently, as have the prices of many other vehicles due to the current reduction in availability of new cars. This 11 mile Commemorative Edition Z06 however just sold for $65K on B.A.T. That's just a little more than $7,600 over the original MSRP of the car. Not bad at all in my view and speaks well for the future of well cared for if not low mileage C5's...
This 2004 Chevrolet Corvette Z06 is one of 2,025 Commemorative Edition models produced to celebrate the back-to-back class victories at the 24 Hours of Le Mans. The car is finished in Le Mans Blue with unique stripes over black leather and powered by a 5.7-liter LS6 V8 paired with a rear-mounted six-speed transaxle. Features include a limited-slip differential, polished wheels, a carbon-fiber hood, pop-up headlights, cruise control, automatic climate control, and a Bose audio with a CD player. First delivered to Kerbeck Cadillac Pontiac Chevrolet of Atlantic City, New Jersey, it was acquired by the selling dealer in 2012. This C5 Z06 indicates 11 miles and is offered with a build sheet, window sticker, delivery plastic on the interior surfaces, manufacturer’s literature, a clean Carfax report, and a clean North Carolina title.
$65K for even a low mile Z is defiantly the new high water mark. Someone paying a premium for a low mile car (any car) never made much sense to me. If you drive it, you devalue it more....or so it seems. I certainly need to drive mine more as she just crossed the 49K mile mark last year (that's 2,700 a year average).
That car was not low mileage - it was unused, Anyone wanting to drive it, as against just looking at it, will be spending $$ to get it roadworthy. Starting with new tires - those sizes are now unavailable of course. And so on...
Last edited by jackthelad; Apr 26, 2021 at 11:46 AM.
$65K for even a low mile Z is defiantly the new high water mark. Someone paying a premium for a low mile car (any car) never made much sense to me. If you drive it, you devalue it more....or so it seems. I certainly need to drive mine more as she just crossed the 49K mile mark last year (that's 2,700 a year average).
From: Philadelphia PA (Birthplace of the USA, UNESCO World Heritage City)
Didn't even keep pace with inflation, and all the while cost the owner insurance, maintenance, and storage costs for NOT driving it. Cars are NOT an investment; put it in the market, folks.
Didn't even keep pace with inflation, and all the while cost the owner insurance, maintenance, and storage costs for NOT driving it. Cars are NOT an investment; put it in the market, folks.
Amen to that. Keeping pace with inflation would have been a little north of $80k. Which would be absolutely insane for this car.
Last edited by Stingroo; Apr 26, 2021 at 03:45 PM.
This car is definitely an outlier. This is literally a brand new car. We've sold new cars with more than 11 miles on them.
Now we just wait for every Tom, Dick, and Harry to tell us their 20-30k mile car is now worth $45k....
My name is Jay and you can have anyone of my C5s for $45K
Originally Posted by ArmchairArchitect
Didn't even keep pace with inflation, and all the while cost the owner insurance, maintenance, and storage costs for NOT driving it. Cars are NOT an investment; put it in the market, folks.
So fwiw, today’s BAT auction is perhaps more representative of the current market (although I have heard it said that cars on the site tend to sell for a premium). 2003 TR Z06 with 38K miles sold for $28,500, plus buyer’s premium of I believe $1425.00. Seems like a strong sale but the market is pretty wonky at the moment.
Deals still pop up from time to time, but it's hard. My GM has bought four or five cars there recently. Some have ended up on our lot and been sold for profit.
But then, this market is currently insane, so there's that.
@GUSTO14 - you didn't happen to get a commendation for a safe landing in France on the potus detail about two years ago, did you? Just wondering if it's a small world given your locale and your osprey icon.
BAT Z16 at $65k
