From CarBuzz:


If you bought a 2014 Chevrolet Corvette Stingray last year (last year being 2014 in case you’d forgotten), then congratulations. You have a damn fine ride. It’s unlikely you’ll want to get rid of it already (unless of course you’re thinking of upgrading to the Z06), but if you are then according to the National Automobile Dealers Association, you shouldn’t lose too much money on it.

ShareIn its 2014 retention value report, which shows how well new and facelifted models hold their value after one year, the NADA revealed the 2014 Stingray Coupe (1LT Automatic) came out on top, maintaining 84.7% of its MSRP after one year.

 

i don't know how that translates into reality. When you go to trade in your car for a newer model you will not get that number.

 

I bought a 2014 in late December of 2014 car listed for $77,625 and got it for $61,500 so $16,000 off original MSRP is big money for a 1 year old car. I would like to think I could get at least $60,000 if I traded it in. I have to agree that 1lt cars hold their value the best because they are not loaded with options that depreciate very quickly even if those same options are desirable to lots of owners like myself.

 

Because you are comparing a trade in price to a retail or private party sale price.

 

So that is 79.2% for a car that was loaded with options. The 84.7% quoted for a base 1LT is very possible.

 

i got 6% off MSRP on my 2014 2LT A6 CGM a year ago today. Feel good that i didn't pay MSRP. Will take a hit if i ever sell, but at least i am starting out with a 6% advantage. I never pay MSRP for anything.

 

I bought mine pre-price increases. I am fairly confident I can get almost what I paid for it here in Canada as they are very hard to come by for the most part. 3LT Fully loaded. In the USA I have a feeling they are much more common and will depreciate much faster.

 

I purchased my car for $54,999 12/2013

Trade in $51k

 

You must be fun to watch arguing with the grocery store checkout person!! LOL

 

It must take forever to get fuel for your C7 having to haggle with the person at the counter. But you can say" I never pay " Manufactures Suggested Retail Price". You da man.

 

Well, here's a real world scenario. Last week I was into my dealer to talk an inbound Z-06 and trading in my 2014 C-7. It's a 1LT, auto, Z-51 with 5300 miles on it. Sticker was about $80.00 less than $60,000.00. I got a $3000.00 discount when I purchased the car. Salesman said he'd give me $50,000.00 for mine on trade. Cost new (not including sales tax) $57,000.00. That pretty close to the 85% NADA figure.

 

I think the value got inflated by the price increases. If they hadn't increased the price at all I think they would be going for less...

 

85% of sticker sounds about right.

Thats including the pushdown of 2014 values thanks to the A8 option and incentives available on 2015 models!