2011 GS value increase
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Instructor
Joined: Aug 2011
Posts: 175
Likes: 6
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". 
Drifting
Joined: Apr 2011
Posts: 1,540
Likes: 79
From: Houston, Tx
St. Jude Donor '11-'12-'13-'14
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".
Race Director
Joined: Oct 2012
Posts: 17,383
Likes: 6,527
From: Melbourne, FL
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
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
Race Director
Joined: Mar 2010
Posts: 16,896
Likes: 5,363
From: T-Town WA
2016 C6 of Year Finalist
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".
Which is just like a gain (or loss) in the stock market...ya ain't got it 'till ya sell it!
Le Mans Master
Joined: Oct 2001
Posts: 8,510
Likes: 926
From: Alaska
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?
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?
Racer
Joined: Nov 2014
Posts: 317
Likes: 24
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!
Sold in a week. Had a call from Connecticut on the car!
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Le Mans Master
Joined: Jul 2004
Posts: 5,040
Likes: 939
From: Bonney Lake Washington
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.....
Pro
Joined: Dec 2005
Posts: 519
Likes: 36
From: San Francisco Bay Area California
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.
Drifting
Joined: Sep 2009
Posts: 1,606
Likes: 115
From: Chandler, AZ
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/