C6 Corvette General Discussion General C6 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

2011 GS value increase

Thread Tools
 
Search this Thread
 
Old 05-10-2015, 07:56 AM
  #1  
jwrichter
Instructor
Thread Starter
 
jwrichter's Avatar
 
Member Since: Aug 2011
Posts: 175
Likes: 0
Received 6 Likes on 2 Posts

Default 2011 GS value increase

So Kelley Blue Book just informed me that my 2011 GS with 12k has just increased in value 3% from May 08-14th in my Florida zip code. Now I realize there are a ton of variables out there, one being its spring and the birdies chirp and all that. Could it possibly be that these cars are holding there value so well because of the freakin UGLY body style changes of the new ones??? KBB is telling me that my car has retained all its value over the last 18 months. As before stated, I'm not taking it to the bank but " just sayin".
Old 05-10-2015, 08:56 AM
  #2  
Don-Vette
Race Director
 
Don-Vette's Avatar
 
Member Since: Jan 2011
Location: Tonawanda New York
Posts: 11,976
Received 451 Likes on 349 Posts

Default

Any corvette hold value better than most cars. Which IMO only matters if your thinking of selling. But is still nice to know.
Old 05-10-2015, 09:10 AM
  #3  
not08crmanymore
Team Owner
 
not08crmanymore's Avatar
 
Member Since: Dec 2003
Location: queensbury ny
Posts: 57,309
Received 138 Likes on 119 Posts

Default

to bad KBB isn't writing the checks...
Old 05-10-2015, 09:15 AM
  #4  
simplegto
Drifting
 
simplegto's Avatar
 
Member Since: Apr 2011
Location: Houston, Tx
Posts: 1,540
Received 78 Likes on 69 Posts
St. Jude Donor '11-'12-'13-'14

Default

Originally Posted by jwrichter
So Kelley Blue Book just informed me that my 2011 GS with 12k has just increased in value 3% from May 08-14th in my Florida zip code. Now I realize there are a ton of variables out there, one being its spring and the birdies chirp and all that. Could it possibly be that these cars are holding there value so well because of the freakin UGLY body style changes of the new ones??? KBB is telling me that my car has retained all its value over the last 18 months. As before stated, I'm not taking it to the bank but " just sayin".
Wake up the C7 is selling as fast as they can make them. If anything the value of the C6 is supported by the fact that C7s are selling at MSRP and not a big discount.
Old 05-10-2015, 09:36 AM
  #5  
FAUEE
Race Director
 
FAUEE's Avatar
 
Member Since: Oct 2012
Location: Melbourne, FL
Posts: 14,513
Received 4,431 Likes on 2,796 Posts

Default

It's a few factors. One is the C7 buzz has people wanting Amy corvette. One is some people who had c6 don't like the C7 and want to upgrade their c6. Probably the biggest one is that K BBC was horribly inaccurate with prices on Corvettes for years, they were several thousand dollars low for a long time, and so they're correcting that.

That and it seems like the prices of sports cars in general are going up. Don't know if the economy is getting better or people are just not caring anymore, but it seems like vettes, 911s, and all their friends are on a price up swing.

My GS is worth more than I paid for it last year now
Old 05-10-2015, 10:45 AM
  #6  
ruxvette
Race Director

Support Corvetteforum!
 
ruxvette's Avatar
 
Member Since: Mar 2010
Location: T-Town WA
Posts: 15,092
Received 3,611 Likes on 2,341 Posts
2016 C6 of Year Finalist

Default

Originally Posted by jwrichter
So Kelley Blue Book just informed me that my 2011 GS with 12k has just increased in value 3% from May 08-14th in my Florida zip code. Now I realize there are a ton of variables out there, one being its spring and the birdies chirp and all that. Could it possibly be that these cars are holding there value so well because of the freakin UGLY body style changes of the new ones??? KBB is telling me that my car has retained all its value over the last 18 months. As before stated, I'm not taking it to the bank but " just sayin".
I'm finding the same thing. I paid $41k for my '11 GS vert, 6spd, 3LT, 18 months ago and it seems to have held it's value.
Which is just like a gain (or loss) in the stock market...ya ain't got it 'till ya sell it!
Old 05-10-2015, 11:03 AM
  #7  
Snowwolfe
Le Mans Master

 
Snowwolfe's Avatar
 
Member Since: Oct 2001
Location: East Tennessee
Posts: 7,216
Received 879 Likes on 464 Posts

Default

I started another thread about the GS's increasing in value but a few derailed the thread into 10 pages of nonsense.
But after the three full price offers I received months after the ad for selling my GS were no longer listed (decided to SC my car instead of selling it) I think they are holding their value well.
If my guess is true my thoughts are GM only made about 5,000 2013 Grand Sports compared to 37,000 2014, and most likely as many in 2015. The wide body look is pretty popular and less expensive to buy than a 2015 so maybe people are looking more at the C6 GS. But, who really knows why?
Old 05-10-2015, 02:06 PM
  #8  
Amicon
Racer
 
Amicon's Avatar
 
Member Since: Nov 2014
Posts: 297
Received 24 Likes on 19 Posts
Default

I think C6s are increasing in value. I sold my NON GS 08 C6 3LT Nav Z51 Vert with 16K miles at my asking price of $36900. I paid $33500 and put Non RF Michelin A/S tires on it last August.

Sold in a week. Had a call from Connecticut on the car!
Old 05-10-2015, 06:21 PM
  #9  
dbirdhouse1
Safety Car
 
dbirdhouse1's Avatar
 
Member Since: Jul 2004
Location: Bonney Lake Washington
Posts: 4,958
Received 875 Likes on 587 Posts

Default well......

...not to put a damper (and financial wiz I am not and I have rationalized buying plenty of things that needed to be rationalized) but if you're counting on a mass produced car holding/gaining in value, well.....
Old 05-10-2015, 06:32 PM
  #10  
icyteddy
Pro
 
icyteddy's Avatar
 
Member Since: Dec 2005
Location: San Francisco Bay Area California
Posts: 519
Likes: 0
Received 36 Likes on 16 Posts

Default

Originally Posted by dbirdhouse1
...not to put a damper (and financial wiz I am not and I have rationalized buying plenty of things that needed to be rationalized) but if you're counting on a mass produced car holding/gaining in value, well.....
I would not really say the C6 GS is holding or increasing value. It's merely depreciating at a much slower rate than your average car. The C6 GS is a small niche due to it's short year 2010-2013 and is the least produce, less than 19,000 overall in the C6 generation. GM sold more C7 Stingray than the entire C6 GS line in its first run. And we all know the harder the car to find (depending on those who is willing to pay a certain amount), it will depreciate much slower than average car.
Old 05-10-2015, 06:44 PM
  #11  
LucaBrasiAZ
Drifting
Support Corvetteforum!
 
LucaBrasiAZ's Avatar
 
Member Since: Sep 2009
Location: Chandler, AZ
Posts: 1,605
Received 111 Likes on 69 Posts

Default

Originally Posted by simplegto
Wake up the C7 is selling as fast as they can make them. If anything the value of the C6 is supported by the fact that C7s are selling at MSRP and not a big discount.

not sure i agree with you on that one. I dont remember seeing these big discounts for the 2nd year 6th gen. If you dont like this one, check out macmulkin as well.

http://kerbeck.com/corvette-inventory/

Get notified of new replies

To 2011 GS value increase




Quick Reply: 2011 GS value increase



All times are GMT -4. The time now is 09:42 PM.