Will a 2012 GS Centenial ever go up in price?
08-11-2017, 11:15 PM
#1
Racer
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Will a 2012 GS Centenial ever go up in price?
I found one of the centennial's for sale locally and it looks amazing at an affordable price. Do you think this car will go up in value in the next 20 years? I have been on the fence for a C6 vs C7.
Thanks
Thanks
08-12-2017, 08:05 AM
#2
Drifting
Last edited by HMannini; 08-12-2017 at 08:06 AM.
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Spasetrucker (08-12-2017)
08-12-2017, 08:08 AM
#3
Le Mans Master
I wouldn't hold your breath waiting for that to happen. Far too many examples (of C6s in general) to be worth anything in anyone's lifetime participating here today on CF.
08-12-2017, 08:08 AM
#4
Whats a 1997 C5 worth....
Last edited by R&L's C6; 08-12-2017 at 03:36 PM.
08-12-2017, 08:23 AM
#5
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My guess is that if you keep that 2012 GS in really nice condition, it will be [worth more] than what you paid for it by the time your about 98 years old ... That is only if they still have gasoline then.
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carl3989 (08-12-2017)
08-12-2017, 08:27 AM
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Disclaimer ... Of course, by then, the North Koreans probably will have already blown the United States up, so it won't really matter.
08-12-2017, 09:51 AM
#7
Racer
Performance and rarity appears to be the golden rule, especially at collectable auctions. A couple examples going back 5 decades are the L88 engine and ’63 Split-Window. The Split-Window lower visibility was not well received in 1963, hence, a solid rear window was introduced in 64. Market conditions during the 70’s energy crisis likely kept market values up on earlier, higher performance models. The Centennial is a great car, yet, the true market value in 20 years is hard call to make.
08-12-2017, 10:03 AM
#8
Team Owner
Absolutely NOT.
08-12-2017, 10:17 AM
#9
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Gonna drop like most other C6's
08-12-2017, 10:36 AM
#10
Racer
I wouldn't buy one for an investment. If it turns out to be a collectible, you'll wait 40 + years to find out.
08-12-2017, 11:18 AM
#11
Consider the 78 pace car, 13g's new. They were selling well over sticker price because it was sure to be a collector car. It's been 40 yrs, quite a few folks didn't drive them waiting for a pay day. Today you can buy nice low mileage examples in the mid 20's. Factor in inflation, no pay day.
It's price down the road might be slightly higher than what any typical C6 is, but not more than the price is today.
It's price down the road might be slightly higher than what any typical C6 is, but not more than the price is today.
08-12-2017, 11:58 AM
#12
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In 20 years you can hope it's worth half of what you pay for it today.
08-12-2017, 12:55 PM
#13
Le Mans Master
Besides an overabundance of supply, Corvette produces too many so called specials - anniversary cars, pace cars, on and on.
08-12-2017, 01:17 PM
#15
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08-12-2017, 02:41 PM
#17
Race Director
I'm going to have to respectfully disagree.
Centennials have more demand for them because of the suede interior and the blacked out look. I think in 40 years Centennials will be one of the more sought after C6s.
That said, mine went up in value after I bought it. C6 pricing trends vary wildly and after I bought my car, I saw cars with more miles and less options selling for 3-4k more than I paid for mine. Is that permanent? Probably not, it was probably just a little bit of pricing noise that you'll get with a niche in a niche.
I do think the extra demand for the Centennials will add some value vs other C6s. If you look at cars like the 35th Anniversary, the 96 CE, they tend to go for just a bit more than a normal car would because they're a little different, with a little more demand for them. The Centennial Z06s and ZR1s will be the ones that will be REALLY sought after, followed by GS coupes, then verts, then base cars.
The other thing that will make a difference is the condition of the car. Does it have 10k miles, 20k miles, or 50k miles? Low mileage cars always go for massively more than high mileage cars, so 40k or 50k on a Centennial is going to take it out of the "low mileage collector quality yadda yadda" group so the chances of it going up in value tremendously go down.
What I can say is this, if you're looking at a C7 vs a Centennial C6, the C7 will lose you more money. It has more time and room to lose value. Hope that helps.
Centennials have more demand for them because of the suede interior and the blacked out look. I think in 40 years Centennials will be one of the more sought after C6s.
That said, mine went up in value after I bought it. C6 pricing trends vary wildly and after I bought my car, I saw cars with more miles and less options selling for 3-4k more than I paid for mine. Is that permanent? Probably not, it was probably just a little bit of pricing noise that you'll get with a niche in a niche.
I do think the extra demand for the Centennials will add some value vs other C6s. If you look at cars like the 35th Anniversary, the 96 CE, they tend to go for just a bit more than a normal car would because they're a little different, with a little more demand for them. The Centennial Z06s and ZR1s will be the ones that will be REALLY sought after, followed by GS coupes, then verts, then base cars.
The other thing that will make a difference is the condition of the car. Does it have 10k miles, 20k miles, or 50k miles? Low mileage cars always go for massively more than high mileage cars, so 40k or 50k on a Centennial is going to take it out of the "low mileage collector quality yadda yadda" group so the chances of it going up in value tremendously go down.
What I can say is this, if you're looking at a C7 vs a Centennial C6, the C7 will lose you more money. It has more time and room to lose value. Hope that helps.
08-12-2017, 03:22 PM
#18
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Maybe in another 30 years! Rarely are cars a good investment.
08-12-2017, 03:32 PM
#19
Melting Slicks
There is nothing about that the car that would elevate to 'classic' or 'rare' status over the next 50+ years, so the value will not go up. Although they may be a little more sought after C6s down the road, they will at best not depreciate as fast as a base model. 
08-12-2017, 03:36 PM
#20
