2014 Stingray future value
Burning Brakes
Joined: Oct 2012
Posts: 933
Likes: 3
From: Dallas, TX
After three years, I think some dealers will be letting them go for much less than $5K below MSRP.
Le Mans Master
Joined: Sep 2004
Posts: 5,707
Likes: 4
From: Los Angeles
Good point. Though I don't think you'll see alot of Corvettes in the seven figure range any time real soon.
But the Corvette is indeed a mass produced, designed to be car capapble of handling the average daily commute, and accumulating hundreds of thousands of miles. It is more special than the average Impala, Malibu or v6 Camaro, but it is still a Chevrolet.
Yet, the Corvette is an American Icon. It's easily recognizable, cherished by millions, not only for it's cutting edge design and technology for the time, but for it's persona as the working man's supercar. Thus the Corvette will always maintain a higher emotional value, regardless of it's dollar value.
That said, the rise to collectible status comes with time. The C3 has really only started to realize this rise in the last 10 years or so. Attrition, availability of parts, and yes, with every new generation the history of the old is enhanced. Even, low mile, unmolested C4's are seeing a rise in the market place. When rarity and emotion collide, the dollar value will inevitably increase with this brand.
The newer gens, C4*, C5, C6, are still driver cars. Parts are readily available, and there's no reason not to commute with them. So they are still commonplace and gathering miles, thus the market prices are are still dropping. Albeit not as fast as the average Malibu.
*note that the C4 is just beginning to enter that area where the C3 was 10 years ago. As of right now, they are still daily driver cars for the most part, but they are getting more and more difficult to find NOS parts for. As this trend continues, fewer and fewer will see driver duty and attrition increases exponentally as the higher mile cars give their lives as donors to the survivor cars, all in the name of "Bloomington Gold". So they are at a point where the good NCRS quality cars are increasing in value, and the old driven hard cars are worth more parted than whole.
But the Corvette is indeed a mass produced, designed to be car capapble of handling the average daily commute, and accumulating hundreds of thousands of miles. It is more special than the average Impala, Malibu or v6 Camaro, but it is still a Chevrolet.
Yet, the Corvette is an American Icon. It's easily recognizable, cherished by millions, not only for it's cutting edge design and technology for the time, but for it's persona as the working man's supercar. Thus the Corvette will always maintain a higher emotional value, regardless of it's dollar value.
That said, the rise to collectible status comes with time. The C3 has really only started to realize this rise in the last 10 years or so. Attrition, availability of parts, and yes, with every new generation the history of the old is enhanced. Even, low mile, unmolested C4's are seeing a rise in the market place. When rarity and emotion collide, the dollar value will inevitably increase with this brand.
The newer gens, C4*, C5, C6, are still driver cars. Parts are readily available, and there's no reason not to commute with them. So they are still commonplace and gathering miles, thus the market prices are are still dropping. Albeit not as fast as the average Malibu.
*note that the C4 is just beginning to enter that area where the C3 was 10 years ago. As of right now, they are still daily driver cars for the most part, but they are getting more and more difficult to find NOS parts for. As this trend continues, fewer and fewer will see driver duty and attrition increases exponentally as the higher mile cars give their lives as donors to the survivor cars, all in the name of "Bloomington Gold". So they are at a point where the good NCRS quality cars are increasing in value, and the old driven hard cars are worth more parted than whole.
It seems to take at least 20 years from the last production before they start becoming collectible. They peak in the range of 30 to 40 years. It took the C3 so long because of the long long run. The C2 has been collectible for so long already because of the short run of 5 years. The 70's were the "dark ages" of automotive design and performance because of the oil embargo. In another 10 or 12 years, C5's will start to be considered as classics.
Race Director
Joined: Nov 2003
Posts: 16,066
Likes: 4,148
From: Bergen county NJ
Forgetting about the ls2 moving to ls3....I believe but can't remember exactly...there was a few grand in price increases...but a discount became available...
For the most part....it was a wash or at the very least a shell game ...
Guys who buy first year get a great deal because they get the added fun of being first....and that's always worth the few pennies extra......
Take it to the bank...and be happy with the car and whatever depreciation exists...cars always depreciate....its a fact of life...
I think I almost sold my c6 about 21 months into ownership for 7 grand less than the price I paid for it. I called off the sale as I just couldn't personally give up the targa roof and do a fixed roof vette again...
My point being...is the depreciation was light...guys at the time wanted black c6 z51 manual transmission cars with NPP...it was a quick move and wasn't rare...I believe I was using the corvette about 700 miles a month back then.....
It was a killer deal for both of us. I just decided the targa with 436 hp was what suited my use best so I didn't sell..(less than 24 hours)
The new c7 will be even better...its got the tq of the ls7 to 4700 rpm ...roof off capability and stunning new interior and exterior looks...
To the OP ...my best guess is 400 a month depreciation or about 5 grand a year at the start of every new year for each of the three years...
Go with traditional colors...red black or blue and a black interior with the z51 MRC and NPP exhaust......get a manual as that's what many enthusiasts want...and in my experience....you'll sell it fast and easy if that Zr1 or z06 c7 is calling your name.
Burning Brakes
Joined: Oct 2012
Posts: 933
Likes: 3
From: Dallas, TX
Three years into the c6 run it was about 10 % off as a norm so you could be right...of course the price rose every year by 800 or a thousand so although 36 hp were found...slightly better steering and a new wheel design the msrp went up and magically a discount was available...
Forgetting about the ls2 moving to ls3....I believe but can't remember exactly...there was a few grand in price increases...but a discount became available...
For the most part....it was a wash or at the very least a shell game ...
Guys who buy first year get a great deal because they get the added fun of being first....and that's always worth the few pennies extra......
Take it to the bank...and be happy with the car and whatever depreciation exists...cars always depreciate....its a fact of life...
I think I almost sold my c6 about 21 months into ownership for 7 grand less than the price I paid for it. I called off the sale as I just couldn't personally give up the targa roof and do a fixed roof vette again...
My point being...is the depreciation was light...guys at the time wanted black c6 z51 manual transmission cars with NPP...it was a quick move and wasn't rare...I believe I was using the corvette about 700 miles a month back then.....
It was a killer deal for both of us. I just decided the targa with 436 hp was what suited my use best so I didn't sell..(less than 24 hours)
The new c7 will be even better...its got the tq of the ls7 to 4700 rpm ...roof off capability and stunning new interior and exterior looks...
To the OP ...my best guess is 400 a month depreciation or about 5 grand a year at the start of every new year for each of the three years...
Go with traditional colors...red black or blue and a black interior with the z51 MRC and NPP exhaust......get a manual as that's what many enthusiasts want...and in my experience....you'll sell it fast and easy if that Zr1 or z06 c7 is calling your name.
Forgetting about the ls2 moving to ls3....I believe but can't remember exactly...there was a few grand in price increases...but a discount became available...
For the most part....it was a wash or at the very least a shell game ...
Guys who buy first year get a great deal because they get the added fun of being first....and that's always worth the few pennies extra......
Take it to the bank...and be happy with the car and whatever depreciation exists...cars always depreciate....its a fact of life...
I think I almost sold my c6 about 21 months into ownership for 7 grand less than the price I paid for it. I called off the sale as I just couldn't personally give up the targa roof and do a fixed roof vette again...
My point being...is the depreciation was light...guys at the time wanted black c6 z51 manual transmission cars with NPP...it was a quick move and wasn't rare...I believe I was using the corvette about 700 miles a month back then.....
It was a killer deal for both of us. I just decided the targa with 436 hp was what suited my use best so I didn't sell..(less than 24 hours)
The new c7 will be even better...its got the tq of the ls7 to 4700 rpm ...roof off capability and stunning new interior and exterior looks...
To the OP ...my best guess is 400 a month depreciation or about 5 grand a year at the start of every new year for each of the three years...
Go with traditional colors...red black or blue and a black interior with the z51 MRC and NPP exhaust......get a manual as that's what many enthusiasts want...and in my experience....you'll sell it fast and easy if that Zr1 or z06 c7 is calling your name.
Team Owner
Joined: Jul 2006
Posts: 97,155
Likes: 1,471
From: Calgary, AB. There's a reason why white was the only color offered on every year Corvette. Proud Canadian German Jamaican!
St. Jude Donor '09, '12-'13-'14-'15-'16-'17
Truth is no one can predict just how much a car will depreciate, supply and demand is what drives prices. An earlier mentioned AMG tanks like a lead brick once the warranty runs out because no one wants to flip the bill if the engine detonates. A one year old Veyron a couple years ago ran through the BJ Auction and fetched (if memory serves) 750K, that's a drop of 250, how's that for a kick in the nuts. The Corvette is a domestic sports car that's probably one of the best performance bargains on the road today, starting from the C4's on up, the prices will level out eventually, my '03 C5 'vert MN6 Black Books for 21K, it was 73 brand new, there aren't too many 10 year old cars out there that Black Books (not retail) for that much. Bottom line, unless you plan on putting it in a bubble straight from the dealership and then try to sell it 50 years later you will not make money off of it (I know that not your intention) but I can guarantee you that it will hold it's value a lot better than 90% of the other cars on the road.
Oh and when it comes to reselling your car 5 years from now, low kilometers aren't going to help it much so you might as well enjoy it.
Oh and when it comes to reselling your car 5 years from now, low kilometers aren't going to help it much so you might as well enjoy it.
Burning Brakes
Joined: Feb 2013
Posts: 831
Likes: 1
From: N Jury
I'm not very worried about depreciation. I'm probably going to be keeping the car until the wheels fall off (although depreciation is still a concern for insurance purposes if the car gets totaled or stolen by some chance). But the first year privilege is not worth the added cost and added risk of issues that haven't been worked out IMO.
For many...the timing is right and this new 2014 c7 will be awesome...for others waiting a year or two is better timing......
Melting Slicks
Joined: Mar 2010
Posts: 2,861
Likes: 8
From: DC Metro
DC Area Events Coordinator
... [snip] ...
*note that the C4 is just beginning to enter that area where the C3 was 10 years ago. As of right now, they are still daily driver cars for the most part, but they are getting more and more difficult to find NOS parts for. As this trend continues, fewer and fewer will see driver duty and attrition increases exponentally as the higher mile cars give their lives as donors to the survivor cars, all in the name of "Bloomington Gold". So they are at a point where the good NCRS quality cars are increasing in value, and the old driven hard cars are worth more parted than whole.
*note that the C4 is just beginning to enter that area where the C3 was 10 years ago. As of right now, they are still daily driver cars for the most part, but they are getting more and more difficult to find NOS parts for. As this trend continues, fewer and fewer will see driver duty and attrition increases exponentally as the higher mile cars give their lives as donors to the survivor cars, all in the name of "Bloomington Gold". So they are at a point where the good NCRS quality cars are increasing in value, and the old driven hard cars are worth more parted than whole.
Like the first time I heard music I grew up with on the "classic rock" radio station. Collectors love rarity and power. Seems the ZR-1s are well on top of the C4 list if anyone is looking for repeatable trends.Cheers,
JB
2nd Gear
Joined: Oct 2015
Posts: 2
Likes: 0
2014 vette
I'm hoping mid to high 30's
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Drifting
Joined: Oct 2009
Posts: 1,599
Likes: 22
From: Whittier CA
FYI - In 2014, I sold my 2009 C6 Corvette (27,000 miles) to the Dealer for $30,000. CarMax offered me $27,000. I don't do private sales.
So, I would think mid $30's sounds right depending on mileage.
So, I would think mid $30's sounds right depending on mileage.