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I'll add this about C7 coupe styling - discounting the fixed-roof coupe of 1999-2000, the 2014 was the first coupe model since the 1977 that did not have a large wrap-around rear glass. The '78 to '82; all C4s, C5s and C6s; all had that very similar styling trait.
The C7 rear hatch/glass design was, to me, a huge and welcome improvement, greatly updating a 37-year old body characteristic.
To sum it ^&^ all up:
The C7 IS the best of the Corvette series since 1977. Yes, I owned a new 77 L82. It was the last time Corvettes were Corvettes. Nothing to get excited about buying '78 thru 2013, (some grotesque years.) THE 78 "Sissiefied"the Corvette with the play entry GM level speedo tach. And the funny rear glass show. The 2014 fixed everything Corvette! Proud to be an owner!
A run of the mill base C7 will not be collectables any time soon regardless of the color/options, the only C7 that is or will be a collectable would be the ZR1
I'm not sure how to define a "Collectable" vs "Popular" but the prices on C7 Z06 cars are holding up very well.
I'm not sure how to define a "Collectable" vs "Popular" but the prices on C7 Z06 cars are holding up very well.
As compared to the C5 & C6s massive depreciation during the C7 era, I would say all C7s are holding up extremly well.
Especially so years after Covid and a complete changeover to the C8s.
There are only a few Corvette's that have been consistently collectable. They were the C2's, with some being more collectible than others ('63 & '67 come to mind) and the early C3's ('68-'71). The production number of those cars were small compared to the current Vette's.
For example, I have wanted a C4 ZR1 for years. The prices were extremely high. The lower end of value was the 1990-93, because of the engine improvements in the 1994-95.
A 1990 ZR1, with very low mileage and pristine condition, went for around $30,000+ just recently.
I think the C7 will be very desirable, but, not collectable. As for the stick, it amazes me, how few young drivers know how to drive a stick. So, which one will they buy? jmho
As for the stick, it amazes me, how few young drivers know how to drive a stick.
It shouldn't.......hardly any vehicles the past 25 years came in manual.
Slushboxes have become the norm decades ago.
Outside of the racing enthusiasts, and ricer crowd, can you think of many vehicles that were standard with a manual anymore ??
I'm teaching my kids on a Jeep Wrangler 4.0L 5speed.
Maybe if they get good enough, I'll let them drive the C7 M7.
A run of the mill base C7 will not be collectables any time soon regardless of the color/options, the only C7 that is or will be a collectable would be the ZR1
ZR1s ? You don't even need to mention that they are collectibles. That's an aforegone no-brainer of a conclusion.....
The ZERO mile ZR1 convertibles with M7s are the unicorns.
ALL C7 Corvettes with LOW or NO miles, will always appreciate, appreciably.
C7s with ZERO miles are already bring huge returns!
Run of the mill 06es with MILES, may or may not appreciate, appreciably. The creme-de-la-creme used C7 Z06es with ZERO miles are the convertible M7s. Those, are money-in-the-bank.
Last edited by Skid Row Joe; Sep 15, 2024 at 05:23 PM.
There are only a few Corvette's that have been consistently collectable. They were the C2's, with some being more collectible than others ('63 & '67 come to mind) and the early C3's ('68-'71). The production number of those cars were small compared to the current Vette's.
For example, I have wanted a C4 ZR1 for years. The prices were extremely high. The lower end of value was the 1990-93, because of the engine improvements in the 1994-95.
A 1990 ZR1, with very low mileage and pristine condition, went for around $30,000+ just recently.
I think the C7 will be very desirable, but, not collectable. As for the stick, it amazes me, how few young drivers know how to drive a stick. So, which one will they buy? jmho
And that's precisely why I'm happy to rack up the miles on my '14 1LT Stingray.
The money I have to invest goes into my 401k, ROTH and real estate, which I have reasonable expectations to appreciate. Not so with cars ... with few exceptions they'll depreciate. Some faster, some slower; and the exceptions aren't evident until after they've appreciated.
[QUOTE=Vette
I think the C7 will be very desirable, but, not collectable. As for the stick, it amazes me, how few young drivers know how to drive a stick. So, which one will they buy? jmho[/QUOTE]
You're exactly right..
Far to many were produced including the ZR1 to be collectable but because of its outstanding modern design all C7s will be desirable.
As compared to the C5 & C6s massive depreciation during the C7 era, I would say all C7s are holding up extremly well.
Especially so years after Covid and a complete changeover to the C8s.
C6s are holding value well, especially Z06 and zr1. My 2007 convertible sold for $36K Canadian in 2016. Two Comparable ones to my old one are currently on Autotrader locally and priced at that same $36K. Zero depreciation over 8 years.
The c6 (and everything else) got hit hard by the financial crisis. Few could afford toys then and it was a long slow grind climbing out of that, unlike the covid BS where money seemed to be growing on trees and inflation pushed the price of everything up
C7s are holding up well, but you’re being a little too hard on the older vettes
Cars are depreciating assets, unless the spec is very desirable (manual, z07, comp seats, zr1/ztk or the like), I doubt they'll be collectible. They make like 30k of these per year...
Collectible? Maybe. Given enough time just about anything people are/were passionate about could be collectible. Either way, cars are terrible investments whether they're collectible or not. Take something like a 1974 Pontiac Trans Am SD-455 for example. Very few were made, and in great condition might fetch $150,000 today. Pretty good since the sticker was only $6,300, except that the stock market returned an average of 11.3% annually over the same period which would make your $6,300 worth about $1.3 million today. Or the 1969 Mustang Boss 429. Sticker was $4,800 back when new and just this month one example set an all-time high record of $605,000 at auction. However, if you had invested that $4,800 in the stock market back then and earned just average returns you'd have over $1.7 million today. Best bet is to enjoy your car for what it is and leave your investing to things that are actual investments.
However, if you had invested that $4,800 in the stock market back then and earned just average returns you'd have over $1.7 million today. Best bet is to enjoy your car for what it is and leave your investing to things that are actual investments.
Which is precisely why I chose to invest in buying slices of businesses (stocks) the past 48 years. Not cars.⭐️
Cars are great fun, but not sure thing investments. Owning pieces of great businesses is a sure thing, over time.👍
By the time they become desirable most won't even run due to bad electronics that are no longer available and no one to troubleshoot them down to the component level. Totally forget about schematics being available, can't even get them today! Someone would have to reverse engineer the units and the chips would be long gone.
And as for all the M7 fanboys, I'm sorry to say that extremely few people would even know how to drive them.
And I would bet that gas would be very difficult to obtain in 50 years.
These cars would be museum pieces at best.
So enjoy them, whether your a driver or polisher, now.
Maybe they did not use the word collectable 20 years ago, but the C2 was considered, quoting a car dealer, "like money in the bank". Also note that C7s will difficult to fix or restore due to high level of complexity, which will also hold back value. Maybe the few by then (20 or 30 years out) that have held up could be worth $$$.
By the time they become desirable most won't even run due to bad electronics that are no longer available and no one to troubleshoot them down to the component level. Totally forget about schematics being available, can't even get them today! Someone would have to reverse engineer the units and the chips would be long gone.
And as for all the M7 fanboys, I'm sorry to say that extremely few people would even know how to drive them And I would bet that gas would be very difficult to obtain in 50 years.These cars would be museum pieces at best.So enjoy them, whether your a driver or polisher, now.
That is so true. I bought a Lionel set for my son back in the late 90s.
It sat 20 years in a box unused. It does not run today. Lionel website said electronic motor board it needed was obsolete and unavailable.
It's now expensive junk. But an analog engine I own from 75 years ago still runs perfectly.
I guess the same goes for expensive cars.