Riker20

I turn 40 next October and wanted to get everyone's thoughts on how much the used C7s will cost around this time next year *if* the new C8s come out. Looking to pick up a C7 for my birthday. I would think some folks would sell their C7s to get the C8. Any ideas? I'm seeing C7s start to breach into the high 30k area.

Thanks for your time.

Owner of a 93 coupe

devnull

93 C4 is an awesome car bud... NICE

I'd imagine that they will fall a little more regardless of the presence of a C8 (just due to age), some more than others. The base level Stingrays that are going for upper 30's will likely hit mid 30's, but not much less by next Oct. Again, total speculation because there are MANY factors that matter (car type, trim level, transmission, etc). It's all about demand.

Either way, Happy early Birthday

Kent1999

If the C8 prices are starting in the expected $90k-$100k range, used C7 prices (Stingray, GS, Z06) won't take much of a hit. I would expect the biggest value hit will be to the ZR1, since it's $100,000+ and a ME C8 will be right in that same price range.

We saw a similar phenomenon when the C7's came out. The C7's were selling at way over list, making the C6 very attractive and thus C6 prices were buoyed up. It was a couple years before C7 prices stabilized and started selling for a discount, and then the C6 prices suffered.

The market for $100,000 sports cars is pretty small. There are still a lot of opinions that say the C8 won't be mid-engined at all, and will continue the more affordable front engined platform, while the mid-engine car will be an entirely different high-end "halo" car, replacing only the ZR1. If that is the case, I'd expect the MidEngine car to sit in the same price slot as the ZR1 -- $120,000.

Riker20

Thanks for the compliment sir. I'm aiming for a Z51, A8, 1LT or 2LT, mag ride. White, black, or blue exterior. Dark interior would be nice.

devnull

I bought a 2014 Laguna Blue Z51 2LT (manual though) last year for $41k, I'd think that for a reasonable low mileage car (under 30k) you should be able to be in the upper 30's by then IF the market continues on its path...

KenHorse

Sold my 2014 Laguna Blue Z51 M7 with NPP, transparent top, red calipers for $40K 3 months ago (with 52K on the clock) and it had lots of extras, including an Xpel Ultimate condom

devnull

MikeERWNC

I put my 2015 C7 with 60K up for sale a couple of months ago for $35K. I got a bunch of internet tire kickers. No one ever showed up with money. It was just exhausting dealing with the idiots.
I plan on selling it when the warranty expires next October for for around $30K. It will have around 80K miles then.
It will probably go to CarMax. That way I don't have to deal with ignorant people.

JerriVette

Vetteman Jack

Patman

It's very area dependent, because I was tracking C6 prices for a few years and when the C7 was introduced that's when the prices on used C6s in my area dropped quite substantially. The C7 hadn't even hit the streets here yet when I picked up my C6 in April 2013, but just because the C7 had been revealed, that was enough to cause our prices here to drop. Nobody wanted the C6 anymore, and I got mine for probably about $3-5000 less than I would have paid 6 months earlier.

I wanted a C7 so badly that I ordered a new one because I couldn't wait any longer for the used prices to drop in my area (and even almost 12 months later prices really aren't that much different on the used car market here believe it or not)

dvilin

Depends on the pricing of the C8 and whether there will be a 2020 C7. If it is the end of the road for the C7 and the C8 is priced too high for its intended market the price of used C7's may not see much of a price drop at all.

shakinrock

It's all about supply and demand, right? If the C8 MSRP is in the same ballpark as the C&, the C7 will take a pretty good hit unless dealers sell the C8 for OVER MSRP. On the supply side, if the C8 does not have available a manual transmission and or rag top those models should take less of a hit.

falcon5619

My 2017 1LT M7 base with 5000 miles black on black sold for $42k last month. That is a great deal considering that is Camaro and Mustang money.

wlittle49

Last month I bought a 2014 Stingray C7, 3LT with 21K miles, Laguna blue, HD trans cooling, AFE intake, performance exhaust and 2 tops for 41K. My first Corvette at 69 years old and love it.

Riker20

This will be my 2nd vette. I currently have a 93 Coupe I bought in 1999. Not sure if I'll sell the 93, or keep it. I have to get an automatic so the wife can drive it as well. I'm pitching it as my 40th birthday present and our "Date Night" car. And thank you for your insight on the annual depreciation w/ keeping mileage in mind.

H Watkins

I'm with ya, Riker ... mine is a 93 vert and am getting ready to bite on a C7 GS.

Riker20

Man! Sounds like you got a great deal.

Riker20

Wanted to bring this thread back up today since the C8 reveal happens later today. I'm going to really keep my eyes peeled now and see if these C7s get cheaper. If the C8 looks to be a performance monster, do you think that will help drop the price of the C7s?

JDSC8VETTE

All these posts about how much the C7 prices will drop in the next year. What we should be asking is how much will the C8’s drop after the first year? All the guys running to their dealers and paying msrp or higher for basically a prototype C8 are probably going to take a huge hit once production catches up to demand. That and the fact that after a couple years of improvements and possibly a GS and Z06 version the first run of C8’s may be undesirable.