JUST REMEMBER THIS EVERYTIME YOU THINK ABOUT TRADING IN YOUR PRACTICALLY BRAND NEW "EARLY" C7 Z51 CAR FOR A BRAND NEW C7 Z OR C7 G/S. THE HOUSE ALWAYS WINS. NO MATTER WHICH WAY YOU SPIN IT, THE HOUSE ALWAYS WINS. No that being said, I know everyone including myself wants the latest and greatest thing and Chevrolet is making it extremely tempting to purchase a brand new Corvette. Regardless if its the GrandSport, the Z51, the base, or the Z06...They are def offering some absolutely amazing deals on all of their cars in general to push that inventory off their lot. Honestly they probably only make a few bucks.. They make there money in service and in there finance department. Thats where the money is made! Chevrolet is pumping out so many of these c7's they dont know what to do with them... literaly... Today I saw a 2016 Stage 3 pack Z06 arctic white with black interior, carbon ceramic brakes, Comp seats, with 298 miles on it..It sold for $71,000.00. Thats well over a $109k car selling for $40k cheaper than what it should be...They need to stop pumping these things out to be honest..
I randomly saw this 70-80 year old women driving a new c7 z06 a8 vert the other day and I felt so damn sorry for that car... I dont think she ever passed 2k rpm's... such a waste of a car...IMHO

 

Yep, in MY years 1-4, the C6 was built in the same numbers as the current C7. In MY year 5, production fell to 1/2 of the previous production numbers.

Of course, C6 MY 5 also happened to coincide w/ the "Great Recession of 2008," when GM was also flirting w/ bankruptcy until the "great bailout."

 

So when will I be able to pick up a 2014 vert for $25k? 2023? I'm counting the days.

 

It's a car. They depreciate.

I don't understand how this is a surprise!

 

That's my thoughts as I read through this tread. Buying a new Corvette is no different than buying any other new GM vehicle. They are not immune from depreciation. Not sure why buyers would think differently.

They will really go bat crap crazy when the C8 hits the streets.

Glad I have a C4, I could care less about the value.

 

So what did you pay for the car?

 

I paid $31,000 (MSRP $33,305) but got $858 from my GM card and $1000 Private Offer so $29,142.

 

I agree. What a waste of 300 horsepower when a 81 year old grandmother can drive 166.3 MPH with only 350 horsepower in her C5.


Then she returns the next year and at 82 years of age, rips off a 171 MPH run. Top speed of a 350 HP C5 coupe is 176 MPH, so she wasn't leaving anything on the table.


When was the last time you ran 97% of your Z06's top speed in your 650 HP Z06? I feel so sorry for YOUR Z06.

 

its about acceleration, not top speed.

 

Ha, outstanding. Now THAT's how a true car enthusiast addresses cars & inevitable depreciation. It's the way things oughta be, IMO.

 

Okay. Car & Driver did instrumented testing of the 2009 Z06(just like mine, and with a measly 505 horsepower) and it accelerated from zero to 150 MPH in 17.4 seconds.

They also did the exact same testing of a 2015 Z06 and it took 17.8 second to reach 150 MPH. This senior citizen(me) is not afraid to accelerate his C6 Z06 at WOT to high speeds, and I just proved that the 82 year old grandmother has probably driven her C5 at a higher top speed than most of the "youngsters" in their C7's.

The person that I responded to was trying to denigrate an old lady because he thought she was wasting her precious Z06's horsepower.

Well, I posted up videos of an old lady driving the snot out of her car, so there is absolutely no reason to rag on senior citizens driving high powered Corvettes in a store's parking lot at less than WOT. And then he tries to further denigrate senior citizens by him saying she would probably wreck her Corvette in the parking lot.

The speed limit on the expressway close to me is 70 MPH. So let's take our Z06's out there and run up to 70 MPH. And since we will be breaking the law by driving faster than 70, lets go all out and do a 70 MPH acceleration run all the way to 198 MPH. This 74 YO senior citizen in his C6 Z06 against you(how old are you?) in your C7 Z06. Okay? If you get to 198 before I do, I'll pay your travel expenses.

 

GM filed for BK in June, 2009(just at the 5th model year C6 was going into production), and they went bankrupt. They didn't just flirt with it.

The C7 has recently gone into their 4th year of production, and sales are falling faster than sales of the C6 early into it's 4th year of production.

GM did not offer 10% rebates on left over 2007's(3rd year of production), like they are doing on left over 2016's(3rd year of production), to move them off the dealer's lots. They didn't have to.

 

Yes, I know, first they flirted, then they did it. I was on Capitol Hill and worked on the bailout. Sounds like we're saying exactly the same thing. The law of supply and demand has a uncanny way of rationalizing markets.

 

Speaking of C6 Z06s; I bought my 06 Z06 in the summer of 09, price was in the low 40's for a mid $60K MSRP car, if I recall correctly. So here we are three years into the C7 and folks are complaining that the prices are dropping, I’d say they are about right, actually a little high. It seems they are only now starting to dip below $50K for a 14 mid $60K MSRP car. We should see those cars selling in the low $40K range next year using recent Corvette history as a guide.

 

What in the hell is going on? How did this happen?

 

They sell a lot of Buicks in China, and they don't have to answer to class action lawsuits on cars built before they declared BK.

 

If you really want a GS then sell your own, wait until the end of the run 17's when the throw incentives and rebates on all of the flood of GS they well have to move. Plus if did not notice the US economy is in a world of hurt now.

 

I think it just looks worse because of the high starting value. Was just offered $43k on a $70k 2014 vert. That's 60% of original MSRP. 2014 is 4 model years old, looks like the car dropped an average of 10%/MY. Now, look at a $80k vert and losing the same 10%/MY and you can expect an offer at $48k. Still 60% of original MSRP, but, now it LOOKS like a whole lot worse. Still 60% value after 4 MY isn't that bad IMHO.

 

GM makes $100,000,000.00 per year selling parts for the Corvette.

 

I don't think the bailout and issues really was the cause in the drop in sales. Sportscars are always hot and then dry up sales wise. Otherwise we would have seen an uptick in sales when that was resolved.

I make decent money but not enough to afford the msrp cliff these cars fall off of from early buyers. I'd rather get that invoice pricing at 0% offered 3-4 years into production.