How will the '19 announcement affect both new and used C7s?
True.... (1983)
10-14-2017, 12:03 PM
#22
Le Mans Master
I am sure some of you remember when the new models from every manufacturer would be introduced in the fall. Then a few decided to bring them out earlier. This really messes with the consumer because who would not want to have a 2019 model in 2018 ? Personally I like how Tesla does it. The model year of the car is determined by the year of manufacture. They also introduce changes throughout the model year so you always get the latest and greatest.
Last edited by b4i4getit; 10-14-2017 at 12:03 PM.
10-14-2017, 12:11 PM
#23
Le Mans Master
The '19's coming out 6 months early no doubt will have an effect on values of all the C7's. How could it not, when all the existing C7's are instantly one year older! If you intend to keep your C7 for many years it will not have a huge effect but for those who trade often it will!
Last edited by Supersonic 427; 10-14-2017 at 12:13 PM.
10-14-2017, 12:28 PM
#24
Le Mans Master
I am sure some of you remember when the new models from every manufacturer would be introduced in the fall. Then a few decided to bring them out earlier. This really messes with the consumer because who would not want to have a 2019 model in 2018 ? Personally I like how Tesla does it. The model year of the car is determined by the year of manufacture. They also introduce changes throughout the model year so you always get the latest and greatest.
Last edited by Supersonic 427; 10-14-2017 at 12:29 PM.
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Ramapo (11-08-2017)
10-14-2017, 01:26 PM
#25
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It was there in April, but it's just one half a car. There is a whole one on the floor.. That's it. The others were crushed. The story is that the guy in charge had one left, but he had a pair of new boots and it was raining. He didn't want to get them wet so he went home. When he got back the next day the crusher had let without crushing that last car, so he rolled it over to a remote corner of the lot and put a tarp on it. It was rediscovered about a decade later.
10-14-2017, 01:32 PM
#26
It seems you can buy your choice of 2 2018s, one of which will be called a "19" because it was built 2 weeks later than the other. Unless there was a 'Major' redesign, of which no one has heard even a hint, there won't be a 10 speed auto. There will be new oil in it and some "electrical' changes, whatever that means--including new potential for electrical glitches at no extra charge...so, given the 18 called a 19 will no doubt be thousands more for zero improvement in all likelihood, there are the choices.
10-14-2017, 01:43 PM
#27
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The 58 Chevy looked a lot different than the 57 Chevy. In terms of looks alone, you can't tell the difference between a 2014 and a 2019. The only MAJOR change has been the A6 to the A8. The rest of the changes have been minor incremental tweaks. For 2018 you can adjust the HUD sideways. Surely that is not going to result in a major difference in value on the used market. I don't think this is an important issue.
10-14-2017, 02:21 PM
#28
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St. Jude Donor '05-'06-'07-'08-'09, '14-'15-'16-'17-'18
I remember that very well and it was a big deal to see the new cars introduced in late September every year. One big major difference from yesteryear to today is the fact that cars changed from one year to the next. Everyone could see the difference in a new '67 from the out going '66. Now cars look exactly the same for many years and that has lost the excitement of new car model year introduction.
As has been mentioned, the differences between model years were huge....totally different designs from one year to the next was common...and...was good for sales as lots of people's cars were instantly dated as soon as the next year's cars showed up. Luckily for us, a 2018 Vette is visually the same as a 2014 model and there's no pressure to buy a new one in order to 'keep up' as there was decades ago.
10-14-2017, 03:37 PM
#29
They made 43 of them, and the only complete one is at the NCM. I think the 83's are worth way more than the MSRP 
As for the 2018's - 9,700 or so sold isn't low enough volume to make them rare.
For the OP - since the 2019 will have 550 hp NA and 750 hp Z06, the A10 and a host of new goodies it is such the better car that the 2014-2018 should drop 50% in value (just joking). Seriously, all you need to do is look at how the C7 model year changes (2014 to 2015 to 2016 to 2017 to 2018) have affected new and used values to confirm that the roll-over to 2019 won't affect them more than 3-4%.
As for the 2018's - 9,700 or so sold isn't low enough volume to make them rare.
For the OP - since the 2019 will have 550 hp NA and 750 hp Z06, the A10 and a host of new goodies it is such the better car that the 2014-2018 should drop 50% in value (just joking). Seriously, all you need to do is look at how the C7 model year changes (2014 to 2015 to 2016 to 2017 to 2018) have affected new and used values to confirm that the roll-over to 2019 won't affect them more than 3-4%.
10-14-2017, 05:42 PM
#30
Team Owner
I'm really not sure if any of the newer generations of Corvettes will ever be high enough in value to make them true investments. The midyear cars in perfect (or restored) numbers matching condition can fetch triple digit figures, and even some of the chrome bumper C3s. But I honestly doubt we'll ever see anything made after 1973 grab big money at the collector auctions.
It's like baseball cards, all the valuable ones were the ones from way back in the day when nobody thought to save them, so they are rare, but nothing from the past 40 years is really worth anything major.
It's like baseball cards, all the valuable ones were the ones from way back in the day when nobody thought to save them, so they are rare, but nothing from the past 40 years is really worth anything major.
2 different worlds1 Sure it is fun to break out for 20 minutes once or twice a year but I'm not doing anything more than that.
I would not pay huge dollars for any old Corvette. Way rather have a new 2018 Z06 Some have big money to burn though.
10-15-2017, 01:22 AM
#31
Race Director
Agreed C7s are not investments, at least not for many years.
However quite a few Corvettes are not only investments, but good investments. Like most other collectibles, it's all about what to buy, when to buy and how much to pay. And of course having the right contacts whether buying or selling.
However quite a few Corvettes are not only investments, but good investments. Like most other collectibles, it's all about what to buy, when to buy and how much to pay. And of course having the right contacts whether buying or selling.
I'm really not sure if any of the newer generations of Corvettes will ever be high enough in value to make them true investments. The midyear cars in perfect (or restored) numbers matching condition can fetch triple digit figures, and even some of the chrome bumper C3s. But I honestly doubt we'll ever see anything made after 1973 grab big money at the collector auctions.
It's like baseball cards, all the valuable ones were the ones from way back in the day when nobody thought to save them, so they are rare, but nothing from the past 40 years is really worth anything major.
It's like baseball cards, all the valuable ones were the ones from way back in the day when nobody thought to save them, so they are rare, but nothing from the past 40 years is really worth anything major.
Regarding post 1973s, very nice, correct and low mileage 1975 convertibles are bringing 5-6 times their original MSRPs.Like I stated above, it's all about knowing what to buy, when to buy it, what to pay and having contacts or knowing whose in the market for the particular collectible.
Last edited by Kevin A Jones; 10-15-2017 at 01:28 AM.
10-15-2017, 02:14 AM
#32
Le Mans Master
The only reason I would get a 2019 is if the new paint shop actually (and significantly) reduces orange peel.
Other wise I would shop for a 2016 or 2017 when the 2019 comes out to get 25% - 30% off MSRP.
Other wise I would shop for a 2016 or 2017 when the 2019 comes out to get 25% - 30% off MSRP.
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bigsapper (10-15-2017)
10-15-2017, 07:16 AM
#33
Cruising
Thread Starter
Isn’t that a lot to ask off a MSRP for a dealer to take seriously.?
10-15-2017, 08:15 AM
#34
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St. Jude Donor '16-'17,'22,'24
Yes, but it has happened in the past on a few cars. One of the forum members picked up a 2016 a few weeks ago at almost 25% off but it was the only new C7 on Autotrader with that heavy a discount. With the 19s being announced, I'd expect some of those new 17s in inventory to be heavily discounted. I wouldn't be surprised to see 20% off. Also, you need to find out what discounts you qualify for. Some dealers offer cars on Autotrader with large discounts, then when you read the fine print those discounts assume you qualify for every GM incentive offered which over 90% of don't. So you need to contact the dealer to see who's just funin' ya with their ads and who is offering a firm discount (no special qualifiers). Still, I think you are in a great position to buy as there are a ton of 17s on lots that will soon be two model years old.
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Red C8 of Jax (10-15-2017)
10-15-2017, 08:17 AM
#35
Race Director
Actually, that is somewhat incorrect to say as well. If you paid $5000 for a brand new 1967 Corvette 40 years ago and you sold it today for $30,000 would that be a successful investment? No, because you could have invested that money in something else, let's just say earning 5% a year, and ended up with $35,000 after that time, and with a car you would have had all those years of insurance payments, maintenance etc taking money away from your actual profit in the end. So, cars do really need to make big money in order to be considered good investments over the long run, and I don't think very many of the newer Corvettes are going to fit into that category as there just aren't too many truly "rare" ones.
10-15-2017, 08:54 AM
#36
Race Director
Actually, that is somewhat incorrect to say as well. If you paid $5000 for a brand new 1967 Corvette 40 years ago and you sold it today for $30,000 would that be a successful investment? No, because you could have invested that money in something else, let's just say earning 5% a year, and ended up with $35,000 after that time, and with a car you would have had all those years of insurance payments, maintenance etc taking money away from your actual profit in the end. So, cars do really need to make big money in order to be considered good investments over the long run, and I don't think very many of the newer Corvettes are going to fit into that category as there just aren't too many truly "rare" ones.
So once again going back to "knowing what to buy" if you would have purchased an investment/collector grade 1967 40 years ago you would most likely be selling it for $130,000 (or probably more today) not $30,000.
Last edited by Kevin A Jones; 10-15-2017 at 10:25 AM.
10-15-2017, 09:25 AM
#37
Race Director
Unless it's an undesirable car that they can't sell otherwise.
Again, it falls back to what's more important to you; getting a model that's equipped the way you want or getting a GREAT Deal? Not much chance (if any) that you are going to get anywhere near what you want at 25%>30% off.
In the rare case that you would get 25%>30% off it's more than likely going to be a car that's been setting on the lot for 2 years or more for whatever reason.
10-15-2017, 09:35 AM
#38
Melting Slicks
Since even most used relatively low mileage (under 10k mi) 2014's (excluding the cars with a stupid number of worthless options: 3LT, chrome rims, 2 roofs, extra cost paint, etc) are not yet selling for 30% off MSRP, why would a brand new 2017 or 2018 sell for that kind of discount? 20% maybe.
10-15-2017, 10:07 AM
#39
Race Director
Since even most used relatively low mileage (under 10k mi) 2014's (excluding the cars with a stupid number of worthless options: 3LT, chrome rims, 2 roofs, extra cost paint, etc) are not yet selling for 30% off MSRP, why would a brand new 2017 or 2018 sell for that kind of discount? 20% maybe.
10-15-2017, 10:12 AM
#40
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St. Jude Donor '15
"In honor of jpee"
LI Stingray: When you get to 5-6 years into a model or "gen", dealers may want to move the cars and later in the gen is sometimes more difficult. Plus, sellers sometimes have a slightly inflated view of what their cars are worth. A bit similar to houses in an ongoing development (you buy a house in year X for $200K; the developer in year Y brings in new tracts at $200K or less with newer features, AND it's a brand new house---you can't believe your house is now going to be worth quite a bit less to move it).