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See what I did there? That's not trolling, it click-baiting! But I actually have a serious question behind it.
Since the wide majority of Z purchases are now the A8, won't the A8 hold its value better?
Depending if the owners sell at the same rate and what the secondary market wants for transmissions, could you not wind up with a glut of M7 cars out there for sale? Or does the reduced supply of them since fewer owners had them in the first place balance it all out equally?
I'm also curious how convertibles fare in resale. I have a gut feeling that the used market wants more convertibles than the new market, but I can't back that up. Anyone know?
(PS: I know some people can't pass by a transmission thread without stating their love for their own and their antipathy for anything else, but we've already had that in about 50 threads, so maybe re-read one of those for the nostalgia value before derailing this thread with it)
Quite the contrary. I had a 2013 CTS-V wagon with an M6. You could say nearly no one 'wanted' that car. Production numbers for the manuals were around 1,600. For the glacier blue metallic available only in 2013 (again 'undesirable' but looked killer in person), I believe 3 were made. It was so rare our local exotic car dealers couldn't price it when I wanted to let it go. Blue book was $34k with the 45,000 miles on it. I sold it privately for $49,500...because it was a manual.
If only I bought one and never drove it. It will absolutely be a 6 figure value car in the years to come.
Last edited by spearfish25; 02-12-2017 at 02:20 PM.
Just look at the relative values of Ferrari 360's and 430's. The three-pedal cars are selling for 10-15% over their F1 counterparts. The reason is more F1 cars were built and there is a definite preference in the collector car market for manual transmissions. I think the M7's will sell for more than the A8's over time.
The main downside for us with Z06s is there are still a lot of manual cars being made. In the short term, I doubt we'd see any additional value for the M7. 10+ years from now, maybe. I knew the CTS-V Wagon was a unicorn that would get me more value at resale. I also knew that I was going to take one on the chin come selling time when I bought the Z06.
Currently the M7s are worth less and less desirable than the A8s. I've always noticed in past vettes that the Automatics usually sit a little longer than manual vettes. Less manuals so less competition. As far as resale value they are about the same.
Those comparing exotics it's not a fair comparison to the Vettes. When they make 10,000+ vettes a year with a manual it's not so "rare" to command a premium.
I would be interested to know how many Z06s were actually FACTORY ORDERED BY CUSTOMERS with an automatic, instead of how many were simply bought at a discount off dealer lots due to aggressive pricing, excess inventory and consumers not wanting to wait. To me, factory ordered automatics by consumers compared to factory ordered M7s would give a better and possibly more accurate (although not perfect) indication of true demand for the A8. Anyone have these numbers?
I think as a whole, they will depreciate about the same, unless there is a larger demand for M7s than GM predicted. The secondary market will determine this within a few years.
Not everyone wants a manual. Not everyone can drive a manual.
Some people have manual all their lives and finally want a fast car with a "decent" auto.
Some guys who actually buy vettes are still among the "older" crowd so maybe they're tired and/or unable to drive a manual and just want to enjoy the car with the auto.
Not to mention with the C6Z, there was no vert available. GM wanted to target a BIGGER audience by offering an auto for the z06. And offering a convertible.
They definitely succeeded when offering both.
But the fact that people are still buying the manual Z's show there's still interested in the dinosaur trans lol.
I'll keep buying and driving manual cars for as long as they're out there. It'll take a couple of decades before they become extinct. And they would have to stop production of any manual NOW for that to start.
Sort of like how people who buy colors that only last a year, or less than a year as in the 2017 Sterling Blue, think that the limited quantity will make the car more "rare" and thus more appealing.
Dealers order the A8 because it opens up their target market to all drivers. The M7 IMO may reduce the number of people interested in a resale C7, but may increase the price for those looking specifically for an M7.
Either way, buy it for you, not the next guy. Any additional savings or resale value will easily be absorbed by your enjoyment of the car.
I've never purchased a car and worried about future value. Purportedly 75% of new Vettes are autos.
I'm happy to be in the 25 percentile. The fun factor is far worth more to me than any comparative reduced value... and I figure that I'm a gran ahead as I didn't have to pay a gas gussler tax.
Hard to say how that will work out 25 years from now. I knew a guy who had a 57 Fuelie with a 3 speed transmission. For some reason the original owner didn't want to order the optional 4 speed. Just about everybody else did pop for the option. In the collector car market a 3 speed 57 fuelie is an extremely rare car but it isn't desirable. Nobody wants one, so the car's value as a survivor is extremely low.
I didn't buy my M7 for resale potential. Its fun to drive though.
Exactly, who cares about resale...I sure don't. Sure I want to get a fair value for it when it comes to sell, but never thought about that when I bought it
when it came time to order my ZO6 I ordered the 7-speed for me it was the only way to go. I personally don't think it's an age thing I'm 62. old equals automatic or young equals manual. if it was going to be my daily car I would have gotten the automatic but it's not.
I don't think a PREMIUM applies anywhere in regards to a c7 - There are ALOT of them on the road - compared to just last year in DFW I see them daily - while yes the manual isn't in the same quantity I doubt it will command a premium as there are a BUNCH of em.
my .02 is autos will be better resale.why?faster than m7,you can shift if you want to,and older people who have money buy most of the zs and they do not want to shift anymore.
When I sold my 2010 M6 CTS-V in 2015, it was an easy sale at a nice price that was comparable to what people were getting for the "much more popular" automatics.....
02-12-2017, 12:15 PM
Poor resale on M7 compared to A8
