Jibber82

With the introduction of the C8 and the announcement of a zero to 60 time of sub three seconds at a starting price of 60k do you think the resale value of the C7 Z06 just plummeted?

ajrothm

Resale value on C7Zs has been plummeting for 2 years... they are in the low to mid $50s now.... but yeah, it’s really gonna get bad when the C8s are stocked up on dealer lots and everyone wants the latest and greatest. Just wait til the C8Z comes out..... C7Zs will be $40k used cars. Unfortunately.

kenownr

GOOD LUCK finding a C7 Z that's not a buy-back, ragged out, or salvage title for low 50's -- sorry it ain't happenin.

As far as the C7 taking a re-sale dump; I don't think anymore than a C6 Z took a dump when the C7 came out. The new C8 is a nice car, but like any new model will hit the market hard when things slow down re-sale is re-sale and they all take a bath in the end.

NineVettes

Some things wrong here:

1. Zero to 60 time of sub three seconds is not for $60k - you will need the Z51 plus some other options to get there. Over on the C8 Forum, they are talking loaded C8s for $80k plus - bought my '19 Z M7 2LZ new for $76k
2. If zero to 60 is your only metric of a sports car performance, fine. But beyond that, the C7 Z06 will continue to outperform until the C8 Z cars appear - figure $90's to start
3. The C8 curb weight is 3600 lbs which is pretty sad - curb weight (weighed on race scales) was 3534 on my '19 M7 2 LZ Z06. WIth some Forgelines and Akra ti Evo exhaust, now around 3470 lbs. It is sad how weights keep going up on sports car.
4. No manual transmissions anymore - there are a significant percentage of people who enjoy them in their sports cars, people who buy Vettes and Porsches for example

As with all new Vettes, and especially this one - I wouldn't be fighting for a place in line so I can be their beta tester.

badhabit_wb

I have a 15 z with 15,000 miles that you can have in the low 50's and a 19 due in by the end of the month. Low 50's is realistic real world pricing. You can't expect to buy a 19 in the 80's and a 15 in the 60's. Ain't going to happen. When the c8's hit the road and the z51 outperforms the c7 z on track, yes, c7 z prices will drop even more. Just reality. It didn't stop me from ordering one but I did it with my eyes wide open. I'm going to enjoy the z for 2 or 3 years and then I'm going to get a c8 z. You have to pay to play.

usrodeo4

GM said they had experienced sub 3.0 second 0 - 60 times...lets wait and see what a production car actually does as for resale I just paid $70K for my Vert Z06 A8 and from what I saw the Vert A8 Z06 cars are in that neighborhood. Going forward I expect the Vert cars to do much better then the coupes...until somewhere down the road that GM decides to release an aperta version. But I guess we will see...personally I only wanted a vert so that is why I bought my z06 last week with no concern regarding the C8.

Internets_Ninja

99% of all cars are deprecating assets. The same trends will happen just like they did when the C5, C6, C7 came out.

Ruderegime

Hard to find a 3,500 lb car with 650/650 hp/tq. Should keep a decent value.

SLEEKVET

Cars are depreciating assets, period. Anything with a motor will go down in value and typically a car is 50% its value after 5 years of ownership. The C8 looks very nice and GM did a great job but I still love my 2017 Z06 and will enjoy it for several years. When it drops to a $40k car and I've enjoyed it, I'll check out the C8 or 2019 ZR1, or maybe by then I'm too old and trade it in for truck. I knew buying my Z06 it would drop in value over time but I wanted the 650/650 power and it still puts a smile on my face. I look forward to the C8 performance numbers and reviews in the real world, both the good and bad.

SilverGhost

I think it is a day for rejoicing. The supercharged Vette is now a very desirable piece of Corvette history. Long live the Twin-turbo-ed C8 Z06!

The Supercharger, not exposed to the flaws of turbochargers: extreme temperatures from exhaust gases, from crudding up from exhaust blowback, (or doing an Italian tune up) from failures from turbo cooling plumbing issues (clogged, pump failure etc etc,) or from bearing failures/impellers operating in thousand degree temps. Superchargers, the very first method used by car manufacturers to increase horsepower and WELL PROVEN. The Supercharged Vette, making linear power from 0 to redline, instead of turbo lag/power humps requiring not just 1, but two turbochargers to smooth the rubber band THUWANG! transitions when power is applied and the turbo(s) finally spools up. Superchargers, a true power enhancement with reasonable, real fuel economy; compared to the fake news turbo engines, tested at the EPA in a way that the turbo is seldom on. But in the real world, with people liking the feel of the sudden boost turbo, pushing the gas pedal so often to experience it that turbocharged motors are in effect real gas guzzlers.

The Corvette Supercharged engine has been in production now for 10 years, and the motor is rock solid. I don't forget the overprotective nannies, but at least the motor don't blow. And the motor can be fixed to keep it's cool.

I am more comfortable going the distance with my current S/C Z06 motor than i was with my NA c6Z06 drop valve motor. Having lived with a turbo-charged engine of recent vintage, never again.

Although i would like to have had a production Z06 Supercharged non-drop valve 427!

Oh, for the depreciation, as long as the Road Warrior supercharged Ford Interceptor and Fast and Furious supercharged Dodge Charger movies continue to be shown, guys gonna be wanting a supercharged car of their own. I don't expect the S/C Z06 to hit C4 resale price levels in my lifetime.

gatti-man

I don’t see a ton of people leaving the Z market for a base model vette unless they are super impulsive or have money to burn. The Z has always been better than the next step up base model imho (I don’t even own a Z atm). Now when the c8z comes out then values will drop. Because it will be a paradigm shift in the performance and looks of the Z. A widebody c8 is going to drop every jaw.

7spd

OMG the sky is falling, prices will drop like a rock, and everyone and their mother will be able to afford an old hand-me-down Z06 now that the C8 has been unveiled. LOL give me a break. If I cared about depreciation, I definitely would not be purchasing a sports car. They all depreciate with exception of a few that most of us would never be able to afford anyway. I bought mine with one purpose in mind - drive the **** out of it!

snampro

yeah, guys, C6 Z06's are upper 30s to 40, so get real. I've been considering getting a C6 Z06 and am frustrated with the price....

ajrothm

The price dump on the C7 is not just due to the C8 coming out, its due to the fact that GM made so many of them, and dealer lots were stocked with them, from 2017 on the C7Z market was FLOODED... Huge rebates and discounts couldn't even move them. There is still some dealers with 18s sitting on the lots. GM just made too damn many of them, that drove the market down. Same thing will happen with the C8s eventually with their predicted 40k unit per year production. A year after they come out, they'll be selling them for 20% off MSRP just to move them, especially on the base models before the C8Zs hit.

All new cars depreciate like crazy, but corvette is one of the worst by virtue of production numbers. There is no exclusivity with owning a corvette... It just is what it is.

Higgs Boson

if you keep your car then you will never need to worry about depreciation. just add a C8 to the garage and if you don't have the space for it then move.

always a solution.

ralexand

Seems like the C7 M7s will hold value for the folks that desire a manual.

I plan on keeping my 2016 Z06 since it is paid for. Might consider adding a C8 down the road. Have to wait an see if any issue pop up, but I really like what I see. GM did a terrific design on the C8.

ajrothm

Me too... I bought my C7Z at a good price point, (18% off), it had every option/color that I wanted...I then invested about $20k in mods/personalization to make it "MINE"... I'm happy with it and won't likely be selling it...probably ever. But I certainly will have my eyes on the C8Z when it comes out, especially if it ends up being a twin turbo model. After a couple years with the bugs shaken out of it, then I might bite/add it to the fleet.

That said, I'll be waiting to see how the C8 base model REALLY runs...the reported 0-60 mph numbers seem a little fishy to me. Considering the C7Z runs 0-60 in 2.9 sec or so....with the same weight and 155 hp more... I think there is some clever advertising tactics at play here. The word "sub" 0-60....why not the real number? who knows... All I know is you can't believe a damn thing Tadge says...he's so full of **** its not even funny.

I do think the C8 will be a GREAT platform though and evolution is GOOD.

BELVIN20

My prediction for the C7 is now the prices will stabilize. Folks who have been waiting to see the C8, now know what it will be, and now at this time the Stingray is all that will be available for MSRP +. So the buyers that have been sitting on the fence will make a decision, either to wait for a C8, or buy a C7 at a great deal & wait for a few years until the C8 problems shake( and there will be problems) out & then move on. I still have a belief the GM is hanging their hat on just a mid engine car is a big gamble. Something else is going to be built in Bowling Green, I just do not believe that 400 more employees and all the additional square footage is just for the Corvette

Higgs Boson

I heard they are bringing back the Saturn Sky

MyfirstvetteC06

My cars VALUE has not dropped since the A8 has been Announced !!!!! Look at attachment Trade in value $70 K to 75 K, 75 K to 80K private party on KBB !!! My 2017 Z06 Z07 PKG 3LZ Is holding a good value. I was just offered 73K and turned it down. Why are people claiming their C7 Z06 value is in the 50's ??? Maybe base model C7 but not the higher end Z06. I'm a proud owner of my C7 Z06