zrc3john

Saw a 2019 Z06 on fbook marketplace...3,700 miles....7 speed..White red interior..Reg seats..No Z07....$ 98,500...

Correct me if I'm wrong but wasn't 2019' s less money new back in 19 ? Guys need to get a grip...

RidgeRunner0207

All pre-owned vehicles are in super high demand, not a lot of new car inventory, so its good old economics "supply and demand"

I know the light duty truck market, older trucks are bringing huge $$$$, especially pre 2006 before the EPA ruined them with all the emissions crap.

Good luck on your search, if there was no COVID19 and $6 trillion is printed money it would probably be high $70k's or low $80k's

C 7

I noticed that too. The price of all these cars is absolutely absurd. I'm not paying a premium for overheating and cracking wheels.

Gixxerman

My 2017 Z06 w/Z07 3LZ window Sticker is $105k

Loki 6

Gixx,
My 2017 Z06/Z07 2LZ M7 window sticker states $103,375. It has about 12k miles on it now. I don’t know how many miles are on your Z.

That being said, what would our cars likely fetch now in the hyper-market we are in?

Ive had folks offer me more than what I paid; I purchased used in 2019 BTW.

zrc3john

Dont worry when sleepy Joe starts taxing the rich the car prices will plummet...Eventually eventually and I say that cautiously, when things are up and running somewhat normal the market will correct itself....Just wait 2 years.. No way I would pay overinflated prices...Been driving vettes for 30 years now so I know better..

So please don't tell me a mass produced car, I mean it is, is now worth more than what you paid for it new....There's a 19 ZR1 on here and the guy is asking 240K I believe....Not saying its not a great car but I really don't feel like hearing the whole manual automatic conversation..

Save the wave....Wave bye bye to your money if you pay way over value....

EVRGRN

^^Take the stupid political comments to PR&C, this section is about cars.

mjross

thank you! Hey, it is what it is!

Purple92

In Dec 2019 GM was offering $10K Factory to Dealer Incentives on '19 Z06's. A number of dealers were selling new 2019 Z06's for around 18% Under Sticker !!!

However - that was then - this is now. The "value" of something is determined by what someone is willing to pay for it today.

The lack of availability of C8's along with what had resulted from the COVID-19 economy (to include over $7T of deficit spending in 2020 - with more in 2021 - and probably 3 times that in FED "liquidity injections") has shifted supply and demand. The used car markets are lacking supply - which is driving all pricing up. There are shortages of New Cars as well - partly due to shortages of computer chips. If you look at things like pleasure boats - you will see the same kind of thing with respect to availability. Even (prime) Real Estate is going for over asking price in many areas.

How long this will continue for is anyone's guess - but eventually things will return to whatever "the new normal" is.

zrc3john

Totally agree...One of the previous quotes was, lets keep political statements out of it, this is for cars...

Yet what is happening with values has everything to do with what's going on..

In not in the market for a C7 Z06....I recently sold both my vettes in a very short time and picked up a C6 Z06 for under 35K fully modded with new paint...

I just happen to come across the 19 Z06 advertised for $ 98,500....Will it sell ? Who knows...Would I pay that ? No...

Always Red Dave

Be nice to us Z06 guys.

mjross

People pissed because the Z06 is holding its price, strange!

KM1959

Well, a Z06 owner certainly wouldn't complain. I'm not!

tertiumquid

Seems to me that post #2 was pertinent as it has affected resale values. It wasn't political, it was just reflecting the effects of politics on market behavior

LT4CMG

No complaints here either, but then again, I wasn't crying in 2008 when my property value fell by 50% either. Back then, just lke today, 0 ***** given. Wasn't selling my house in 2008, not selling my vette today (unless of course I get a 120k offer for my 19 2LZ)

But yes OP, the world has gone mad. Someone's asking 215k for a 19 ZR1 in the C7s For Sale section (which makes my 19 Z06 a steal at 120k)

Hibbs

I thought the prices were incredibly inflated and would plummet, but I am beginning to wonder if these prices might remain for some time.

LT4CMG

The M2 money supply is up nearly 27% since early 2020 and the Fed continues to ignore it. This equals spending power. Add in the historic stock market gains, and you get the psychology of feeling rich. I’m not saying 20% of the COVID cash recipients weren’t absolutely devastated and needed the handouts, I’m saying - and the economic data is on my side - that the 80% of the recipients didn’t need the cash and put it aside. You go back to 2008/2009, and people weren’t storing the money, they were using it. The M2 money supply was telling you that. All we’re doing now is pulling forward demand. Great for juicing in the short run, but the piper awaits to get paid. This too will end, the cash will be spent, but the future generations, once they transition from voting with hearts to voting with brains, will be loving the legacy we’ve left them.

TB427Z06

Yea, I've noticed similarly equipped 2019 Z06's as mine are going for $10K more than I paid for mine new in Nov. 2019. Why would anyone pay this now when we're on the verge of the release of the C8 Z06 and ZR1. When that happens then you'll see the price go down substantially IMHO.

mjross

Nope, platforms are completely different! Some people do not like the C8 platform. That is not going to change. The C7 Z06 will still demand decent money because it is the last of the front engine platform. Wait until you see what happens to the base C8 after the C8 Z06 offering. Now that will be interesting!

rtv900

Wrong, they're going to come out with a "used car value relief package" in a few months to maintain used car values. It will only cost 1.1 trillion and AOC is working together with Bernie to button it up. . . . .so you KNOW it will make sense.