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-   C6 Corvette General Discussion (https://www.corvetteforum.com/forums/c6-corvette-general-discussion-74/)
-   -   2011 GS value increase (https://www.corvetteforum.com/forums/c6-corvette-general-discussion/3649982-2011-gs-value-increase.html)

jwrichter 05-10-2015 07:56 AM

2011 GS value increase
 
So Kelley Blue Book just informed me that my 2011 GS with 12k has just increased in value 3% from May 08-14th in my Florida zip code. Now I realize there are a ton of variables out there, one being its spring and the birdies chirp and all that. Could it possibly be that these cars are holding there value so well because of the freakin UGLY body style changes of the new ones??? KBB is telling me that my car has retained all its value over the last 18 months. As before stated, I'm not taking it to the bank but " just sayin". :thumbs:

Don-Vette 05-10-2015 08:56 AM

Any corvette hold value better than most cars. Which IMO only matters if your thinking of selling. But is still nice to know.:thumbs:

not08crmanymore 05-10-2015 09:10 AM

to bad KBB isn't writing the checks...

simplegto 05-10-2015 09:15 AM


Originally Posted by jwrichter (Post 1589599825)
So Kelley Blue Book just informed me that my 2011 GS with 12k has just increased in value 3% from May 08-14th in my Florida zip code. Now I realize there are a ton of variables out there, one being its spring and the birdies chirp and all that. Could it possibly be that these cars are holding there value so well because of the freakin UGLY body style changes of the new ones??? KBB is telling me that my car has retained all its value over the last 18 months. As before stated, I'm not taking it to the bank but " just sayin". :thumbs:

Wake up the C7 is selling as fast as they can make them. If anything the value of the C6 is supported by the fact that C7s are selling at MSRP and not a big discount.

FAUEE 05-10-2015 09:36 AM

It's a few factors. One is the C7 buzz has people wanting Amy corvette. One is some people who had c6 don't like the C7 and want to upgrade their c6. Probably the biggest one is that K BBC was horribly inaccurate with prices on Corvettes for years, they were several thousand dollars low for a long time, and so they're correcting that.

That and it seems like the prices of sports cars in general are going up. Don't know if the economy is getting better or people are just not caring anymore, but it seems like vettes, 911s, and all their friends are on a price up swing.

My GS is worth more than I paid for it last year now :D

ruxvette 05-10-2015 10:45 AM


Originally Posted by jwrichter (Post 1589599825)
So Kelley Blue Book just informed me that my 2011 GS with 12k has just increased in value 3% from May 08-14th in my Florida zip code. Now I realize there are a ton of variables out there, one being its spring and the birdies chirp and all that. Could it possibly be that these cars are holding there value so well because of the freakin UGLY body style changes of the new ones??? KBB is telling me that my car has retained all its value over the last 18 months. As before stated, I'm not taking it to the bank but " just sayin". :thumbs:

I'm finding the same thing. I paid $41k for my '11 GS vert, 6spd, 3LT, 18 months ago and it seems to have held it's value.
Which is just like a gain (or loss) in the stock market...ya ain't got it 'till ya sell it! :D

Snowwolfe 05-10-2015 11:03 AM

I started another thread about the GS's increasing in value but a few derailed the thread into 10 pages of nonsense.
But after the three full price offers I received months after the ad for selling my GS were no longer listed (decided to SC my car instead of selling it) I think they are holding their value well.
If my guess is true my thoughts are GM only made about 5,000 2013 Grand Sports compared to 37,000 2014, and most likely as many in 2015. The wide body look is pretty popular and less expensive to buy than a 2015 so maybe people are looking more at the C6 GS. But, who really knows why?

Amicon 05-10-2015 02:06 PM

I think C6s are increasing in value. I sold my NON GS 08 C6 3LT Nav Z51 Vert with 16K miles at my asking price of $36900. I paid $33500 and put Non RF Michelin A/S tires on it last August.

Sold in a week. Had a call from Connecticut on the car!

dbirdhouse1 05-10-2015 06:21 PM

well......
 
...not to put a damper (and financial wiz I am not and I have rationalized buying plenty of things that needed to be rationalized) but if you're counting on a mass produced car holding/gaining in value, well.....

icyteddy 05-10-2015 06:32 PM


Originally Posted by dbirdhouse1 (Post 1589602920)
...not to put a damper (and financial wiz I am not and I have rationalized buying plenty of things that needed to be rationalized) but if you're counting on a mass produced car holding/gaining in value, well.....

I would not really say the C6 GS is holding or increasing value. It's merely depreciating at a much slower rate than your average car. The C6 GS is a small niche due to it's short year 2010-2013 and is the least produce, less than 19,000 overall in the C6 generation. GM sold more C7 Stingray than the entire C6 GS line in its first run. And we all know the harder the car to find (depending on those who is willing to pay a certain amount), it will depreciate much slower than average car.

LucaBrasiAZ 05-10-2015 06:44 PM


Originally Posted by simplegto (Post 1589600228)
Wake up the C7 is selling as fast as they can make them. If anything the value of the C6 is supported by the fact that C7s are selling at MSRP and not a big discount.


not sure i agree with you on that one. I dont remember seeing these big discounts for the 2nd year 6th gen. If you dont like this one, check out macmulkin as well.

http://kerbeck.com/corvette-inventory/


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