Resale values
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Pro
Joined: Oct 2007
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Resale values
I have a 2014 C7 M7 coupe. I have been following the resale value on the KBB website. I expected a big drop when the C8 was introduced. but the resale value hasn't budged. great news. now if it can just maintain its value until the C8 is selling for under MSRP, this part of my life will be good.
Le Mans Master
Joined: Aug 2015
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From: Southwest Florida
When I saw the MSRP I thought there goes the resale value of my C7 when I sell it for a C8. Then I thought, if the C8 had a higher (+$10k - $15K) MSRP making my C7 resell value higher it still comes out the same.
The same is true with houses.
The same is true with houses.
Last edited by Maxie2U; Aug 15, 2019 at 09:44 PM.
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Sold my '14 Z51, well optioned, a year ago this week. Got top dollar (got out while the getting was good 
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Burning Brakes
Joined: Jul 2014
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I do not expect the value to drop much more than it normally would. Folks looking to purchase a 3 or 5 year old corvette or any auto are not looking at new. In general, I believe right after purchase you lose 20% of MSRP, 1 year old after 2 years 30% after 3 years 35% after 4 years about 4% after 5 years 45%. After that I would say it slows down a lot. So a 7 year corvette could be just 45% still depending on options.
My thoughts anyway. I would very much to like to have a C8 around 2026 purchase a 2024 or 2025 and at that time trade in my C7. It had a MSRP of 73,000 which I purchase at one year old for 55,000. So hopfully in 2026 I can get half of MSRP so around 36,000. - 2010 2lt z51 corvette is going for around 28.,000
My thoughts anyway. I would very much to like to have a C8 around 2026 purchase a 2024 or 2025 and at that time trade in my C7. It had a MSRP of 73,000 which I purchase at one year old for 55,000. So hopfully in 2026 I can get half of MSRP so around 36,000. - 2010 2lt z51 corvette is going for around 28.,000
Burning Brakes
Joined: Jan 2019
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From: Lake Placid, FL
The value you are seeing on KBB or any other website has nothing to do with with a dealer or private buyer will actually give you for your car. Trust me on this one. I sold my 17 Z51 2LT M7 with options a few weeks ago. Every dealer I went to low-balled the crap out of me and their excuse was that the C8 was here so they couldn't sell it for much. They will try you.
Advanced
Joined: May 2013
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From: Gloversville NY
A middle of the road equipped C8 will easily be in the low to mid $70's which to a Corvette lover/dreamer will make the C7 look really affordable and a great value.Therefore the prices for C7's will maintain or even rise. The C7 Stingray is an incredible automobile and it keeps the Corvette dream real and affordable.
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Melting Slicks
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From: Land of the free, home of the brave...
Mmmmmmm
A middle of the road equipped C8 will easily be in the low to mid $70's which to a Corvette lover/dreamer will make the C7 look really affordable and a great value.Therefore the prices for C7's will maintain or even rise. The C7 Stingray is an incredible automobile and it keeps the Corvette dream real and affordable.
Instructor
Joined: Jun 2018
Posts: 185
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From: Fayetteville, NC
The value you are seeing on KBB or any other website has nothing to do with with a dealer or private buyer will actually give you for your car. Trust me on this one. I sold my 17 Z51 2LT M7 with options a few weeks ago. Every dealer I went to low-balled the crap out of me and their excuse was that the C8 was here so they couldn't sell it for much. They will try you.
Race Director
Joined: Oct 2011
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From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
You can't lump all C7s into one general statement. It's the same old story that's been around since forever. Those who are looking at the bottom end of the C7 market are looking to spend in the mid to upper 30s. No way that translates to a new C8. That end of the market is pretty safe for now. But the cars at the higher end of the spectrum, the loaded Grand Sports or Z06, that are looking to fetch in the high 50s or 60s will be competing directly with the C8. That's where dealers will be cautious about the trades they accept.
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I wouldn't hold my breath on your car keeping its value that long.
Race Director
Joined: Oct 2008
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From: NJ
Deal with Mike Furman. He isn't going to try to rob you like the rest. He's a stand up guy. This whole C8 coming so C7s are worth 5k less is just slimy grimy salesman trying to take advantage. Look at the auctions. Because that's how they gauge your trade. They're full of ****.
Race Director
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From: Toronto, Canada
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People fail to realize that everyone can't afford to buy a new Corvette, there is strong demand for used Corvettes and these are dream cars for lots of people.