C8 resell value falling
Melting Slicks
Joined: May 2010
Posts: 2,674
Likes: 142
From: Aubrey Texas
In the Dallas Texas they are. I'm seeing a drop in prices But none at the Chevy dealers. But I also see some dealers who have had thier C8's on the lot for more than 4 months or more. Most are used Corvettes. Corvette World has been going down but has been moving their cars.
Last edited by CorvetteKing_Tony; Jun 7, 2021 at 03:56 PM.
Melting Slicks
Joined: Jun 2013
Posts: 2,598
Likes: 1,593
I have a deposit on Z06, but WILL NOT pay over MSRP.... I'm not going to here until 202X waiting for a car..... just bought a used Cayman S, and drive/track that all summer.... sell my C7 now, while the market is hot.... put the cash in the bank, and when the Z06 is announced, I'm ready to buy.... if I don't like it, I'll flip it, and buy a Stingray once the prices get realistic....
Pro
Joined: Oct 2017
Posts: 517
Likes: 426
From: Myrtle Beach, SC
I got a truecar offer for $20K over. I have it listed on the forum for 24 over. Figure if a dealer will pay 20 he’s going to mark it up 5 to 10k. Waiting for caravan to make an offer....will stop at car max next week and then decide. Two other speciality resale dealers offered 10 and 14 over. Deals are all over the place.
I love the car but for me this is a once in a lifetime opportunity. Don’t need the money but a 33% return sitting on a mass produced car for 6 months....there will be another.
I love the car but for me this is a once in a lifetime opportunity. Don’t need the money but a 33% return sitting on a mass produced car for 6 months....there will be another.
7th Gear
Joined: Jan 2021
Posts: 7
Likes: 3
From: Pennsylvania
Had the car for 1 month and 2 weeks and yesterday a dealer offered me $95k for my 2021 1LT coupe. Values are still strong where I'm located (east coast). And if you're wondering...I accepted the offer lol.
Last edited by 2BD1; Jun 8, 2021 at 09:02 PM.
Safety Car
Joined: Jan 2021
Posts: 3,658
Likes: 1,939
On a side note, I love the GT500 but heard the gas mileage is terrible. I know people don't buy those type of cars for gas mileage, but it's still a consideration if you are actually going to be driving the car. On top of the added expense, stopping so often to get gas is a pain. That's one of the great things about the corvette, it's relative practicality. Very comfortable, decent gas mileage, and heck it's even not bad in the snow with the all-seasons.
Race Director
Joined: Aug 1999
Posts: 13,283
Likes: 2,509
From: Bluffton SC via Canton Oh
Traded mine today for 31% over what I paid 6 months ago w 4500 miles. Tons of cars out there......a year from now who knows? May be a buyers market. All I know is a lot of folks will be upside down.
Safety Car
Joined: Apr 2003
Posts: 4,306
Likes: 773
From: Long Island NY
Racer
Joined: May 2009
Posts: 422
Likes: 73
From: Dallas, Texas
OTOH, look at split-windows. They are rare, and a nice one even rarer. Yet their price has not matched the Porsche. No good reason except perception. That will change over time, but you have to have the time and be willing to wait while keeping it pristine. I suspect in the long run early C8’s will not fare as well as a C7 Z06, but that’s my personal opinion - and you all know what that’s worth.
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