[Z06] Z06... Collectible? Historic? Depreciating Asset?
11-11-2012, 09:47 PM
#41
Burning Brakes
well one point the 2012 production for corvette 11647 z06-478 zr1-404 when i bought my 2009 viper i was told they hand make aboutn 500 or so a yr......... so wudnt the Z06 be in the same category
11-12-2012, 02:03 AM
#43
Tech Contributor
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No way to know what will be collectible 40 to 45 years from now. The current Z06 has the cred (at the top of the high performance pile and used hard by enthusiasts) to become collectible but it was built in a large volume so a fair number of the cars will have to modified, or sent to the bone yard to get the volume down so the prices rise. As with the current crop of collectible cars nobody will care whether one has been totaled and rebuilt since most of the ones running will have been rebuilt to the way they supposedly left the factory with all of the correct bolt heads and crayon marks on the frame and body.
One thing that could make it more collectible is if we go into a period like we had from 72 through 84 where there just weren't any high performance cars produced that could compete with the cars from the late 60s. However, if things keep going the way they are now 20 years from now the new family grocery getters will outperform Z06s from this era.
Current owners of the cars will never see the value rise much unless they are fairly young and can wait the requisite number of years. If you buy now and sell in 25 or less years the car will depreciate.
Bill
One thing that could make it more collectible is if we go into a period like we had from 72 through 84 where there just weren't any high performance cars produced that could compete with the cars from the late 60s. However, if things keep going the way they are now 20 years from now the new family grocery getters will outperform Z06s from this era.
Current owners of the cars will never see the value rise much unless they are fairly young and can wait the requisite number of years. If you buy now and sell in 25 or less years the car will depreciate.
Bill
11-12-2012, 10:23 AM
#45
Le Mans Master
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St. Jude Donor '06-'08-'10-'11-'12-'13 '14-'15-'16-'17-'18-'19
No it isn't if you only look at 2012 MY numbers. But the Z06 has been in production since the 06 MY. You have to look at the total numbers of Z06's produced, not just one MY. Latest numbers I can find are 27,523 Z06's produced through MY 2012. A bit bigger numbers and not quite as rare as you might think.
Last edited by ByByBMW; 11-12-2012 at 10:24 AM. Reason: grammar
11-12-2012, 06:08 PM
#48
If the 427 isnt ever gonna be produced again that will keep are current Z06's at bay for a while meaning price stays steady around the 35 to 50thousand mark. If they make like a 454 small block it will hurt us then. As long as they stay smaller it keeps are 427s at a good buck. Thats all i can say truthfully.
11-12-2012, 09:04 PM
#51
Team Owner
I work with a guy who has two 1978 Corvette Limited Edition Pace Cars he bought new off the showroom floor in 1978.
He bought them for investment purposes and paid a premium price, they both have less than 12 miles on the odometer.
Without even factoring in the inflation rate, they are still worth less than what he paid for them 27 years ago.
He bought them for investment purposes and paid a premium price, they both have less than 12 miles on the odometer.
Without even factoring in the inflation rate, they are still worth less than what he paid for them 27 years ago.
The market will bottom out on C6 Z06s in 10-15 years, and in another 5-10 they may begin to gain ground. I highly doubt hanging on to a C6 Z06 will a good investment over 25 years. ZR-1s dropped but from 2002 to 2006 they seemed to gain some ground (not much) before the economy tanked.
11-13-2012, 08:47 PM
#52
Burning Brakes
Z06 production
2012-478
2011-904
2009-3461
2008-7731
2007-8159
2006-6272
total 27523
wow y is there such a dramatic decrease in the lasr couple yrs 518 thwn 904 and 478 this yr??
2012-478
2011-904
2009-3461
2008-7731
2007-8159
2006-6272
total 27523
wow y is there such a dramatic decrease in the lasr couple yrs 518 thwn 904 and 478 this yr??
11-13-2012, 09:25 PM
#53
Le Mans Master
The low production numbers for Z06 is probably one reason they created another way of getting rid of LS7 engines with the convert GS. Another tell that we are likely never to see another 427 engine!
11-13-2012, 09:37 PM
#54
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St. Jude Donor '12
The Z06 will be more difficult to find from model years 2010-2013....(I'm guessing the 2013 will be low production as well d/t the 427 Vert).
The vast majority will be 2006-2009. After '09 there is less than 2k over three model years.
Did you count 2010 in your numbers above? (518 2010's)
11-13-2012, 11:03 PM
#56
Team Owner
The Zr1 and Grandsport didn't help Z06 production. It would be interesting to see total C6 production by year as well as the various widebody options.
