Tanking resale value
Melting Slicks
Joined: Mar 2023
Posts: 2,888
Likes: 1,653
From: North Coast
The value tracking for most is to have a car they will break even on or make a small bit on it. It is not about big profits.
If you want yo make money buy stock in Generative AI. I have a family member that bought some in January and is up $900K.
Any car you can break even on or make a profit is a win. The C5 will do that much if it is not roached out.
If you want yo make money buy stock in Generative AI. I have a family member that bought some in January and is up $900K.
Any car you can break even on or make a profit is a win. The C5 will do that much if it is not roached out.
Running Guns & Moonshine
Joined: Aug 2001
Posts: 12,449
Likes: 7,152
From: CT
The resale number thing has nothing to do with the cars. Everything to do with the value of the buyers and sellers.
If resale gets you chubbed up? Cool. You do you, my dude!
I seldom let cars go though, so I am an outlier. Murdered a Crown Vic for 14 years. Had my last C5 for 12. Currently chose to restore my dad's 94 Ram instead of getting a newer SUV and I am enjoying rolling around town for now looking like a total beater with some wicked patina. I can drive through Bridgeport now and not get shot!
If resale gets you chubbed up? Cool. You do you, my dude!
I seldom let cars go though, so I am an outlier. Murdered a Crown Vic for 14 years. Had my last C5 for 12. Currently chose to restore my dad's 94 Ram instead of getting a newer SUV and I am enjoying rolling around town for now looking like a total beater with some wicked patina. I can drive through Bridgeport now and not get shot!
Melting Slicks
Joined: Mar 2023
Posts: 2,888
Likes: 1,653
From: North Coast
I noted in recent post why the focus on resale. A number of people buy drive and trade up for a lower mile car, a convertible over coupe ot auto vs manual do to health.
If you can do as my buddy does sell for a small profit or break even it makes trading easier. He made $5K on the last car.
Many cars you get killed on resale but Vettes once they get to a specific age tend to stop losing and stabilize. I believe this is why the interest. Nothing wrong in that. I really don’t see anyone expecting to get rich just people not wanting to lose any money. No one wants to lose unless they have to.
This is why many buy used Vettes over new. Let someone else take the hit.
If you can do as my buddy does sell for a small profit or break even it makes trading easier. He made $5K on the last car.
Many cars you get killed on resale but Vettes once they get to a specific age tend to stop losing and stabilize. I believe this is why the interest. Nothing wrong in that. I really don’t see anyone expecting to get rich just people not wanting to lose any money. No one wants to lose unless they have to.
This is why many buy used Vettes over new. Let someone else take the hit.
Burning Brakes
Joined: Jun 2007
Posts: 770
Likes: 212
From: Auburn Ohio
Concur…
Me thinks the “Hits” are mostly over in the C5 Realm
C6 C7 and C8. Still subject to Decline. Except for all but the “Elite” Class
ZR-1. Z07 8/ ZO6. No Clue on E-Ray..
Save The Wave
Me thinks the “Hits” are mostly over in the C5 Realm
C6 C7 and C8. Still subject to Decline. Except for all but the “Elite” Class
ZR-1. Z07 8/ ZO6. No Clue on E-Ray..
Save The Wave
Race Director
Joined: Aug 1999
Posts: 11,113
Likes: 669
From: SE Pennsylvania
St. Jude Donor '03 thru '26
Oldtimer
I bought my C6 in 2020, and since then it is just a crazy crazy marketplace. Even pure junk on FB people want totally way of norms prices on things like 1987 with 138000 miles on it for $10.000 ? Now com on, it's been siting in someones side yard hasn't run in 3-8 years ? But I serisloy doubt if and when "a/ the market correction" is coming.
Covid 19 is going to control a lot of the marketplace for a lot of the future !
Covid 19 is going to control a lot of the marketplace for a lot of the future !
Last edited by killain; May 13, 2024 at 07:33 PM.
Melting Slicks
Joined: Mar 2023
Posts: 2,888
Likes: 1,653
From: North Coast
I bought my C6 in 2020, and since then it is just a crazy crazy marketplace. Even pure junk on FB people want totally way of norms prices on things like 1987 with 138000 miles on it for $10.000 ? Now com on, it's been siting in someones side yard hasn't run in 3-8 years ? But I serisloy doubt if and when "a/ the market correction" is coming.
Covid 19 is going to control a lot of the marketplace for a lot of the future !
Covid 19 is going to control a lot of the marketplace for a lot of the future !
But then again $10k does not buy much car anymore.
at this point inflation is in place do I expect the cheap car that is a steal is going yo be more rare. Also the inflated auction prices mess with it too.
Instructor
Joined: Jan 2024
Posts: 186
Likes: 120
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Melting Slicks
Joined: Mar 2023
Posts: 2,888
Likes: 1,653
From: North Coast
I one change I have been seeing is the local dealers here used to get a lot of clean C5 cars that this year there are only a few, The C6 is more in volume. What C5 cars I find are not as clean as they have been.
Also what is interesting is red is normally one of the most popular colors it is one you seldom see being sold. Many Grey and silver.
The Dealer I got mine from almost always had a red C5 drop top and since I bought mine they have had only two and one of those was a Mallet.
One red Coupe too. In the past they would have up to 3-4 Red C5 drop tops at one time.
Also what is interesting is red is normally one of the most popular colors it is one you seldom see being sold. Many Grey and silver.
The Dealer I got mine from almost always had a red C5 drop top and since I bought mine they have had only two and one of those was a Mallet.
One red Coupe too. In the past they would have up to 3-4 Red C5 drop tops at one time.
Instructor
Joined: Jan 2024
Posts: 186
Likes: 120
I one change I have been seeing is the local dealers here used to get a lot of clean C5 cars that this year there are only a few, The C6 is more in volume. What C5 cars I find are not as clean as they have been.
Also what is interesting is red is normally one of the most popular colors it is one you seldom see being sold. Many Grey and silver.
The Dealer I got mine from almost always had a red C5 drop top and since I bought mine they have had only two and one of those was a Mallet.
One red Coupe too. In the past they would have up to 3-4 Red C5 drop tops at one time.
Also what is interesting is red is normally one of the most popular colors it is one you seldom see being sold. Many Grey and silver.
The Dealer I got mine from almost always had a red C5 drop top and since I bought mine they have had only two and one of those was a Mallet.
One red Coupe too. In the past they would have up to 3-4 Red C5 drop tops at one time.
Last edited by Midwest19942000; May 15, 2024 at 09:38 AM.
Melting Slicks
Joined: Mar 2023
Posts: 2,888
Likes: 1,653
From: North Coast
You’re right about that. If I remember right they made more C5s in Torch Red than any other color. But last year I had to go to a neighboring state to get a clean low mileage M6 coupe in Torch Red. I know wanting that combo is being a little picky but I was surprised how long I had to search and travel to get a nice one. Compounding the challenge was that a lot of M6 cars were heavily modified, beat up, or both.
I wanted Red but I was willing to buy about anything but White and Black. Just happened the first one was just what I wanted. I was expecting the metallic Red as there were so many for sale. I would have liked blue too but they are rare outside a Lemans.
Race Director
Joined: Jan 2000
Posts: 10,317
Likes: 3,355
From: Central TX
C5 of Year Finalist (appearance mods) 2019
I wasn't really looking for another C5 but this Navy Blue vert caught my eye and was only located about twenty miles away. Just don't see that many Navy Blue C5's and it's a color that's always intrigued me.
Being a 6spd convertible was the clincher as I'm only interested in Z06's or roadsters. Just not a fan of 4L60e transmissions or targa coupes, personally.
Being a 6spd convertible was the clincher as I'm only interested in Z06's or roadsters. Just not a fan of 4L60e transmissions or targa coupes, personally.
Melting Slicks
Joined: Mar 2023
Posts: 2,888
Likes: 1,653
From: North Coast
There are tons of metallic red being traded as are gray and silver.
Blue is popular but not easy to find. Unless it is a Lemans edition.
Not many yellow but there is always a few for sale.
White is not common and few on the market.
Green not easy to find.
Black about average. Some always out there out there but not a lot of them.
I note prices vary with some colors.
Also while prices are high in the Midwest FL always is a bit cheaper.
Melting Slicks
Joined: Mar 2023
Posts: 2,888
Likes: 1,653
From: North Coast
Burning Brakes
Joined: Jun 2004
Posts: 1,186
Likes: 21
From: West Tennessee
Interesting
Reading through the thread is certainly interesting, but also pretty factual. I own a 03 vert six speed Anniversary edition and was going to list it on BAT with a reserve in the mid 20,s mine only has 28k original miles and is in excellent condition.
well BAT declined the listing unless I listed with no reserve, so that kind of speaks to the market?
well BAT declined the listing unless I listed with no reserve, so that kind of speaks to the market?
Instructor
Joined: Jan 2024
Posts: 186
Likes: 120
Reading through the thread is certainly interesting, but also pretty factual. I own a 03 vert six speed Anniversary edition and was going to list it on BAT with a reserve in the mid 20,s mine only has 28k original miles and is in excellent condition.
well BAT declined the listing unless I listed with no reserve, so that kind of speaks to the market?
well BAT declined the listing unless I listed with no reserve, so that kind of speaks to the market?
For us C5 owners we’re talking about a few thousand bucks. The real tanking values are C8s.
Moderator
Joined: Apr 2002
Posts: 11,764
Likes: 1,359
From: US
The car market in general is cooling down and that includes C5 prices. We’re just going back to normal after an unusual market where cars were appreciating instead of depreciating.
For us C5 owners we’re talking about a few thousand bucks. The real tanking values are C8s.
For us C5 owners we’re talking about a few thousand bucks. The real tanking values are C8s.