Notices
C6 Corvette ZR1 & Z06 General info about GM’s Corvette Supercar, LS9 Corvette Technical Info, Performance Upgrades, Suspension Setup for Street or Track Advertisement

C6Z market value speculation when C8 hits

 
Old 06-10-2019, 09:16 AM
  #1  
03worthy4link
CF Senior Member
Thread Starter
 
Member Since: Jun 2015
Posts: 165
Received 3 Likes on 3 Posts
Default C6Z market value speculation when C8 hits

I'm curious as to what you guys think will happen to the C6Z market when this C8 abomination is finally released. Obviously the C7 and C7Z's will take a shot as they start to trickle in. But has the C6z reached reached the floor on its depreciation, or is there more room to go with the next generation?

Personally I think it will wane a very slight bit, but more or less stay the course its on for some time to come.

Last edited by 03worthy4link; 06-10-2019 at 09:19 AM.
03worthy4link is offline  
Old 06-10-2019, 09:23 AM
  #2  
Josh M
CF Senior Member
 
Member Since: Jun 2005
Location: Madison, WI
Posts: 105
Received 11 Likes on 10 Posts
Default

I think it'll stay pretty much where its at now. I think the c7z will take a big hit, but not many people are going to be jumping from a 30k c6z to a 100k+ c8z. You might see a little hit as some of the c6z folks jump into lower priced c7z's. Even that market though won't be huge as there is still a pretty big difference in 30k for the c6z and lets say hypothetically 50k on the low end in the future of the c7z.
Josh M is offline  
Old 06-10-2019, 09:50 AM
  #3  
Landru
CF Senior Member
 
Landru's Avatar
 
Member Since: Dec 2002
Location: Wayne Township WI
Posts: 8,757
Received 451 Likes on 397 Posts
Default

JMHO: The LS7 is a performance bargain of the century, stock.
Especially attractive to those not caring for/needing a 600+ HP Corvette.

Remember ~'11 to '13 not many C6 Z06s were built to start with, even less ZR1s.
Not saying C6 Z06s are 'rare' per se, but extremely low prod #s = less for/on the market = steady value and especially compared w/ C7 anything.

GM seemed to have flooded the market w/ C7s of every stripe.
While stockholders probably loved it, high prod #s didn't do present owners any favors inasfar as resale goes.
C7 will take the biggest hit if any hits are taken, a'tall.

Even despite high production #s, C7's still a great HP bargain also.
C8 notwithstanding those wanting a HP vehicle will pay a premium dependent on miles/condition, always have.
Landru is offline  
Old 06-10-2019, 10:39 AM
  #4  
Unreal
CF Senior Member
 
Unreal's Avatar
 
Member Since: Nov 2007
Location: Gilbert AZ
Posts: 22,256
Received 1,449 Likes on 1,229 Posts
Default

Will continue to drop, and move in the mid low 20s. Anyone thinking otherwise is living in a fantasy land.
Unreal is offline  
Old 06-10-2019, 11:31 AM
  #5  
bobandc
CF Senior Member
 
Member Since: Jul 2004
Location: Littleton Co
Posts: 105
Received 12 Likes on 11 Posts
Default

Originally Posted by Unreal View Post
Will continue to drop, and move in the mid low 20s. Anyone thinking otherwise is living in a fantasy land.
I agree that prices will go down but I'm not sure as to how much. The more model years you are removed from the new introduction the less the depreciation impact there will be, however I think the prices will drop over the next year or two. I also don't expect to see the depreciation immediately as there may not be a first year Z06 competitor and the C8 will likely be in very limited supply for the next 12-18 months if not longer.
bobandc is offline  
Old 06-10-2019, 12:13 PM
  #6  
RedZ4me
CF Senior Member
 
RedZ4me's Avatar
 
Member Since: May 2011
Location: Ontario
Posts: 4,570
Received 123 Likes on 103 Posts
Default

Unreal is correct, will always drop, depreciation just gets slower as the car ages (unless they are ultra-rare vehicles)
RedZ4me is offline  
Old 06-10-2019, 01:25 PM
  #7  
phxcobra
CF Senior Member
 
Member Since: Jan 2010
Location: Chandler AZ
Posts: 824
Likes: 0
Received 8 Likes on 8 Posts
Default

Yeah, c6 z06 will continue to depreciate like any normal production car, but i don't think many people in the market for a c6 z06 at like 35-45k will also be shopping the C8. I bet with dealer markups and fees, etc a new C8 will be over 100k out the door. But i bet dropping C7 prices will impact C6 prices as some people look to move up in model year.
phxcobra is offline  
Old 06-10-2019, 02:20 PM
  #8  
Josh M
CF Senior Member
 
Member Since: Jun 2005
Location: Madison, WI
Posts: 105
Received 11 Likes on 10 Posts
Default

Originally Posted by RedZ4me View Post
Unreal is correct, will always drop, depreciation just gets slower as the car ages (unless they are ultra-rare vehicles)
This is kind of in line with what I meant, but just worded better haha. It will continue to depreciate at a slow pace and the release of the c8 won't really impact the c6z prices itself.
Josh M is offline  
Old 06-10-2019, 02:21 PM
  #9  
Unreal
CF Senior Member
 
Unreal's Avatar
 
Member Since: Nov 2007
Location: Gilbert AZ
Posts: 22,256
Received 1,449 Likes on 1,229 Posts
Default

I bet c8 comes in $3-5k over current c7 for similar equipped car. Give them 8-10 months and they will be $10-25k off sticker just like every vette for past 10+ years. Just don't get caught in the gotta get one right away hype and pay over.
Unreal is offline  
The following users liked this post:
Too-Fast (06-10-2019)
Old 06-10-2019, 03:22 PM
  #10  
K-Spaz
CF Senior Member
 
K-Spaz's Avatar
 
Member Since: Jul 2012
Location: Central PA. My AR-15 identifies as a muzzleloader
Posts: 29,049
Received 273 Likes on 216 Posts
I believe in the Beer Fairy
Default

I can't see the C6Z dropping a whole lot more, though it'll most likely lose just due to age if nothing else. I'd say it's already had a brutal depreciation due to the bad rap the LS7 has. They really are the performance bargain of the century imho. Just going from sticker prices, it's amazing a Z is almost as cheap as a GS, having started quite a bit higher.
K-Spaz is offline  
Old 06-10-2019, 03:24 PM
  #11  
Tool Hoarder
CF Senior Member
 
Tool Hoarder's Avatar
 
Member Since: Feb 2013
Location: Virginia Beach Virginia
Posts: 6,739
Received 1,879 Likes on 1,048 Posts
Default

Originally Posted by Unreal View Post
I bet c8 comes in $3-5k over current c7 for similar equipped car. Give them 8-10 months and they will be $10-25k off sticker just like every vette for past 10+ years. Just don't get caught in the gotta get one right away hype and pay over.
I agree with you that the C8 will base around $60-$62K, but I don't expect them to be discounted that quickly. The C7 didn't see discounts this large for a few years.
Tool Hoarder is offline  
Old 06-10-2019, 03:47 PM
  #12  
Pb82 Ronin
CF Senior Member
 
Pb82 Ronin's Avatar
 
Member Since: Oct 2012
Location: Out back
Posts: 2,689
Received 107 Likes on 89 Posts
Default

This whole question is all based on how well the C8 is received. Will there continue to be normal depreciation of the C6/C7? Sure. Always has been. Always will be. But, if the C8 tanks because of poor quality, reliability issues, etc...that could cause an influx of those that traded "up" to a C8, to miss the cars they traded and begin the search to get back into one. Granted this wont cause any dramatic spike in C6/C7 values or demand, but it could hold the values steady for a least a few years until the bugs are sorted out with the C8. First model years (of all makes and models) historically have issues, and I don't see the C8 being any different, especially since it's Chevy's first dance in the mid-engine market. In the end...who the hell really knows? It's anybody's guess. Personally, I rather relax and see what happens because my C6 will still be parked in the garage.
Pb82 Ronin is offline  
Old 06-10-2019, 09:53 PM
  #13  
Creatre
Junior Member
 
Creatre's Avatar
 
Member Since: Apr 2019
Location: Phoenix, AZ
Posts: 5
Likes: 0
Received 1 Like on 1 Post
Default

I think the market for the c6z is pretty much stabilized for the early year cars and the later year cars will slide slower than previously. At most you’ll see a significantly lower rate of depreciation than previously. I just bought one for that precise reason, to enjoy for a bit and hopefully sell for roughly I bought it for.
Creatre is offline  
Old 06-11-2019, 02:57 AM
  #14  
Stavesacre21
CF Senior Member
 
Stavesacre21's Avatar
 
Member Since: Apr 2009
Location: Westerville Ohio
Posts: 1,523
Received 102 Likes on 63 Posts
Default

Certainly don't think the C6Z has hit the floor on depreciation yet, but it certainly won't be near as bad as all the C7s. The C6ZR will probably hurt a little more than the Z's tho, as they still fetch a good bit more.

One of the biggest benefits of being a few generations behind is that depreciation hits for newer gens is that they don't hurt near as much...if at all.

I agree with what lots of the others say tho...if the C8 isn't well received, our cars immediately stabilize. If it's a huge hit and people are cutting off their limbs to pay for it, it could be more of a brace-for-impact kinda moment.
Stavesacre21 is offline  
Old 06-11-2019, 08:55 AM
  #15  
K-Spaz
CF Senior Member
 
K-Spaz's Avatar
 
Member Since: Jul 2012
Location: Central PA. My AR-15 identifies as a muzzleloader
Posts: 29,049
Received 273 Likes on 216 Posts
I believe in the Beer Fairy
Default

Is there really this much speculation about C8 entry pricing? I simply can't see it being a ridiculously high entry price. I expect nothing more than a cost of living increase on the C7. I think the "redesign" element is way overplayed. They made the Fiero in the past, it's not like moving the engine around is some insurmountable task that drives the R&D budget off the charts. It's just a car, they build em every day.
K-Spaz is offline  
Old 06-11-2019, 09:11 AM
  #16  
03BlkZ
CF Senior Member
Support Corvetteforum!
 
03BlkZ's Avatar
 
Member Since: May 2008
Location: Hewitt TX
Posts: 853
Received 52 Likes on 37 Posts
Default

It's the last 427 so hopefully that helps our market.
03BlkZ is offline  
The following users liked this post:
Old man racer (06-11-2019)
Old 06-11-2019, 09:22 AM
  #17  
reasonable suspicion
CF Senior Member
 
Member Since: Jan 2013
Location: what ain't no country I ever heard of
Posts: 1,556
Received 103 Likes on 86 Posts
Default

Why care. Just have fun with what you have.
reasonable suspicion is offline  
Old 06-11-2019, 09:44 AM
  #18  
jammeejamm
CF Senior Member
 
Member Since: Aug 2014
Location: dfw
Posts: 111
Received 27 Likes on 20 Posts
Default

word.
jammeejamm is offline  
Old 06-11-2019, 12:48 PM
  #19  
moose.b3
CF Senior Member
 
moose.b3's Avatar
 
Member Since: Nov 2006
Location: Sierra Mtns. The Great State Of Jefferson
Posts: 1,668
Received 120 Likes on 102 Posts
Default

When the "touring" model Corvette comes back, aka front engine, it might make a dent in the resale value of the C6Z. People like their luggage space. Lol, flame suit ON!

moose.b3 is offline  
Old 06-11-2019, 04:34 PM
  #20  
sprayer
CF Senior Member
 
Member Since: Feb 2017
Posts: 193
Received 23 Likes on 17 Posts
Default

C6 last of great corvettes with the big NA engine. Timeless design will all be a big bonus in our cars holding value in the future. If the C8 is a flop I think C6 will go up in value over time. When you think about it not many C6Z were made. The number is around 30k units for the entire run. How many are gone for good now also.

What was the number of C7Z produced, I am thinking it is higher than 30,000 units?
sprayer is offline  

Thread Tools
Search this Thread
Quick Reply: C6Z market value speculation when C8 hits


Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: