Prices pre COVID
07-13-2021, 09:14 PM
#1
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Prices pre COVID
Long time user of the forum however lost my account so had to create a new one.
Dad had a 1998 torch red auto that I fixed up after it had been sitting for a while this was quite a few years ago but he got way over what it was worth as a trade in for a new car for my mom. I was somewhat in the market at that time for a C5 but timing wasn’t perfect and low mile cars were out of my realistic price range. Now I am kind of looking again but this time for a C6, I know all used car prices are extremely high right now due to the virus however in the past year or so how high has the market gone in the corvette world?
Its been 4-5 years since I really paid attention to the corvette world. For reference I would like to find a sub 30-40k mile car, 6 speed with ls3. I would consider grand sports but don’t plan on spending more than 30-32k. I understand that a GS isn’t realistic at the price range in the current market but with it being so high where would you speculate it goes? From the looks of it a base C6 could be had rather easily at that price depending on options.
Any insight to the market and where it was would be appreciated!
Dad had a 1998 torch red auto that I fixed up after it had been sitting for a while this was quite a few years ago but he got way over what it was worth as a trade in for a new car for my mom. I was somewhat in the market at that time for a C5 but timing wasn’t perfect and low mile cars were out of my realistic price range. Now I am kind of looking again but this time for a C6, I know all used car prices are extremely high right now due to the virus however in the past year or so how high has the market gone in the corvette world?
Its been 4-5 years since I really paid attention to the corvette world. For reference I would like to find a sub 30-40k mile car, 6 speed with ls3. I would consider grand sports but don’t plan on spending more than 30-32k. I understand that a GS isn’t realistic at the price range in the current market but with it being so high where would you speculate it goes? From the looks of it a base C6 could be had rather easily at that price depending on options.
Any insight to the market and where it was would be appreciated!
07-13-2021, 10:01 PM
#2
Race Director
Lots of opinions. My take, inflation is out of control, and will continue to be so. I expect prices to stay flat, maybe increase. Depends how bad inflation gets.
If you find the car you want, I'd buy it now. They're not making more of these after all.
If you find the car you want, I'd buy it now. They're not making more of these after all.
07-13-2021, 10:10 PM
#3
Team Owner
what was your old username??? we can merge the accts
07-14-2021, 08:18 AM
#4
Drifting
I agree with Fauee. It is going to take the market sometime to self correct and that is not going to be anytime soon. Based on what I have been seeing Vette prices are up 3 to 5K over what they were a year ago. So your choices are to wait and see or get it now and enjoy.
07-14-2021, 08:48 AM
#5
I was looking for a C6 Grand Sport (hence the username) last year and good examples were going for $35k or so in early 2020. I ended up buying a new C7 because they were so heavily discounted after the C8 was announced (got mine for $49k).
Now those same Grand Sports are going for $45k easily and I sold my C7 after a year of ownership and 7k miles to Carvana for $56k and got on the list for a C8. What a crazy world it is.
The prices will probably stay high for a while. It's still a 10-12 month wait for a C8 at MSRP so buying a new Corvette right now means spending six figures or waiting a year. Combined with the broader economic factors, I don't see prices going down any time soon.
Now those same Grand Sports are going for $45k easily and I sold my C7 after a year of ownership and 7k miles to Carvana for $56k and got on the list for a C8. What a crazy world it is.
The prices will probably stay high for a while. It's still a 10-12 month wait for a C8 at MSRP so buying a new Corvette right now means spending six figures or waiting a year. Combined with the broader economic factors, I don't see prices going down any time soon.
Last edited by C6_GS; 07-14-2021 at 08:50 AM.
07-14-2021, 01:34 PM
#6
Safety Car
GS are up 8-12k - base is up 5-8k. Like always, the price is determined by how much someone will actually pay for it. I believe once new car production comes back (not necessarily C8) everything will start to settle down. so maybe first quarter 2022???
07-14-2021, 02:08 PM
#7
Race Car Tech
Welcome back to the forum. Hopefully you can find something in your price range. I personally wouldn't be stuck on the mileage as long as it was well kept. If you raise that mileage up another 10-15k miles, your C6 can be found within your price range.
I have owned my C6 for 11 years, and it now has 112,000 miles of smiles on the clock. We have used this as our road trip car since 2010. It has been a great vehicle, with little to no issues over those miles. Except for Tires, TPMS sensors, sway bar end links, Shocks, fluid changes as required, the only thing that I had go bad was the water pump at 30k miles. The engine still sounds great, regular oil changes, etc.
If you plan on keeping it, then miles should be a non issue, unless you plan on parking it in the garage, and only taking it to car shows, or Sunday drives,. There is nothing wrong with that, if that is what you are buying it for.
There is a popular misconception that miles on a Corvette is a bad thing. I almost bought into that, but I found out early that I liked driving it more than I liked sitting behind it at car shows.
Good Luck with your search
I have owned my C6 for 11 years, and it now has 112,000 miles of smiles on the clock. We have used this as our road trip car since 2010. It has been a great vehicle, with little to no issues over those miles. Except for Tires, TPMS sensors, sway bar end links, Shocks, fluid changes as required, the only thing that I had go bad was the water pump at 30k miles. The engine still sounds great, regular oil changes, etc.
If you plan on keeping it, then miles should be a non issue, unless you plan on parking it in the garage, and only taking it to car shows, or Sunday drives,. There is nothing wrong with that, if that is what you are buying it for.
There is a popular misconception that miles on a Corvette is a bad thing. I almost bought into that, but I found out early that I liked driving it more than I liked sitting behind it at car shows.
Good Luck with your search
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07-14-2021, 06:15 PM
#8
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07-14-2021, 06:24 PM
#9
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Welcome back to the forum. Hopefully you can find something in your price range. I personally wouldn't be stuck on the mileage as long as it was well kept. If you raise that mileage up another 10-15k miles, your C6 can be found within your price range.
I have owned my C6 for 11 years, and it now has 112,000 miles of smiles on the clock. We have used this as our road trip car since 2010. It has been a great vehicle, with little to no issues over those miles. Except for Tires, TPMS sensors, sway bar end links, Shocks, fluid changes as required, the only thing that I had go bad was the water pump at 30k miles. The engine still sounds great, regular oil changes, etc.
If you plan on keeping it, then miles should be a non issue, unless you plan on parking it in the garage, and only taking it to car shows, or Sunday drives,. There is nothing wrong with that, if that is what you are buying it for.
There is a popular misconception that miles on a Corvette is a bad thing. I almost bought into that, but I found out early that I liked driving it more than I liked sitting behind it at car shows.
Good Luck with your search
I have owned my C6 for 11 years, and it now has 112,000 miles of smiles on the clock. We have used this as our road trip car since 2010. It has been a great vehicle, with little to no issues over those miles. Except for Tires, TPMS sensors, sway bar end links, Shocks, fluid changes as required, the only thing that I had go bad was the water pump at 30k miles. The engine still sounds great, regular oil changes, etc.
If you plan on keeping it, then miles should be a non issue, unless you plan on parking it in the garage, and only taking it to car shows, or Sunday drives,. There is nothing wrong with that, if that is what you are buying it for.
There is a popular misconception that miles on a Corvette is a bad thing. I almost bought into that, but I found out early that I liked driving it more than I liked sitting behind it at car shows.
Good Luck with your search
07-14-2021, 07:09 PM
#10
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St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17-'18-'19-'20-'21-'22-'23
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Oddly, just tonight on the news, it was about the cost of all used cars being so high, that some people who bought a new car last year, are not turning around and selling the new car, for more than they paid for it. But just like real estate, you can now sell high, but where are you going to live for less ? Everything right now is super high cost-wise, and I don't think we're going to see prices start to decline anytime soon ! 
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07-15-2021, 02:16 PM
#11
Drifting
Oddly, just tonight on the news, it was about the cost of all used cars being so high, that some people who bought a new car last year, are not turning around and selling the new car, for more than they paid for it. But just like real estate, you can now sell high, but where are you going to live for less ? Everything right now is super high cost-wise, and I don't think we're going to see prices start to decline anytime soon !
07-15-2021, 02:38 PM
#12
Race Director
Oddly, just tonight on the news, it was about the cost of all used cars being so high, that some people who bought a new car last year, are not turning around and selling the new car, for more than they paid for it. But just like real estate, you can now sell high, but where are you going to live for less ? Everything right now is super high cost-wise, and I don't think we're going to see prices start to decline anytime soon !
07-15-2021, 03:16 PM
#13
Melting Slicks
Used car prices are already leveling off and starting to drop in many markets. The C6 will drop as well, but it's unlikely they will drop to pre-Covid prices. The C8 is such a different car that late model front engine Corvettes are going to hold decent value for years to come, especially manual cars.
If you're even halfway considering a GS or other wide body C6, I'd recommend biting the bullet and getting what you really want. It will cost you more money in the long run if you don't buy what you want the first time because you'll probably end up trading for it later.
If you're even halfway considering a GS or other wide body C6, I'd recommend biting the bullet and getting what you really want. It will cost you more money in the long run if you don't buy what you want the first time because you'll probably end up trading for it later.
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FAUEE (07-16-2021)
07-15-2021, 10:40 PM
#14
Le Mans Master
Used car prices are already leveling off and starting to drop in many markets. The C6 will drop as well, but it's unlikely they will drop to pre-Covid prices. The C8 is such a different car that late model front engine Corvettes are going to hold decent value for years to come, especially manual cars.
If you're even halfway considering a GS or other wide body C6, I'd recommend biting the bullet and getting what you really want. It will cost you more money in the long run if you don't buy what you want the first time because you'll probably end up trading for it later.
If you're even halfway considering a GS or other wide body C6, I'd recommend biting the bullet and getting what you really want. It will cost you more money in the long run if you don't buy what you want the first time because you'll probably end up trading for it later.
07-16-2021, 10:31 AM
#15
Race Director
I hate to disagree (actually I don't care lol), but that's not been what I've been seeing in my search for a new family vehicle (different markets, I know).
New cars are selling for minimum 10k over MSRP. It's not uncommon to see new Yukon Denali’s and highnspec Tahoe listed for 30k over MSRP. Used stuff is often selling for 10s of thousands over MSRP if it's a year or two old. Stuff that's more used than that I've been looking at for me, prices are still climbing. Srt Jeeps and Durango, AMG GLs and MLs, they still keep climbing. Porsche 911s are climbing too. I will say the rate of climb has slowed, but they're still climbing pretty steadily. Prices for these things are up 15k since the beginning of the year.
New cars are selling for minimum 10k over MSRP. It's not uncommon to see new Yukon Denali’s and highnspec Tahoe listed for 30k over MSRP. Used stuff is often selling for 10s of thousands over MSRP if it's a year or two old. Stuff that's more used than that I've been looking at for me, prices are still climbing. Srt Jeeps and Durango, AMG GLs and MLs, they still keep climbing. Porsche 911s are climbing too. I will say the rate of climb has slowed, but they're still climbing pretty steadily. Prices for these things are up 15k since the beginning of the year.
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Geoff13IOM6GS (07-16-2021)
07-16-2021, 11:31 AM
#16
Melting Slicks
I hate to disagree (actually I don't care lol), but that's not been what I've been seeing in my search for a new family vehicle (different markets, I know).
New cars are selling for minimum 10k over MSRP. It's not uncommon to see new Yukon Denali’s and highnspec Tahoe listed for 30k over MSRP. Used stuff is often selling for 10s of thousands over MSRP if it's a year or two old. Stuff that's more used than that I've been looking at for me, prices are still climbing.
New cars are selling for minimum 10k over MSRP. It's not uncommon to see new Yukon Denali’s and highnspec Tahoe listed for 30k over MSRP. Used stuff is often selling for 10s of thousands over MSRP if it's a year or two old. Stuff that's more used than that I've been looking at for me, prices are still climbing.
07-16-2021, 11:38 AM
#17
Race Director
Where are you looking? I'm helping my mom look for a new Tahoe/Suburban right now and most dealers in KY, for example, are selling them at MSRP with the exception of one location I have found. The highest markup that single location has is 4k. Used prices for 2021 models were higher than MSRP but have leveled off and are now about even. Used truck prices at some dealers are finally dipping below MSRP. Auction prices at Manheim and Adesa are dropping. Try expanding your search?
Of those, the 3 are all RST models, which means it's highly unlikely they have adaptive cruise, which frankly needs to be present on a 60k truck. We have basically decided to wait until the 21s and 22s flood the lots at the end of the year and pay 20% off MSRP.
Our local dealer gets like 4 or 5 tahoes every few months in and let's people bid against each other for who gets it.
07-16-2021, 12:04 PM
#18
Race Director
I can't even FIND any of them. I want a diesel one, black, with either the RST or Premier trim. They just don't exist, and the vast majority that show on cars.com they don't even have. There's like, 15 in the country that meet the basics, and only 3 of them are actually real trucks with real photos.. Let alone if they actually have the options we want (all the options basically).
Of those, the 3 are all RST models, which means it's highly unlikely they have adaptive cruise, which frankly needs to be present on a 60k truck. We have basically decided to wait until the 21s and 22s flood the lots at the end of the year and pay 20% off MSRP.
Our local dealer gets like 4 or 5 tahoes every few months in and let's people bid against each other for who gets it.
Of those, the 3 are all RST models, which means it's highly unlikely they have adaptive cruise, which frankly needs to be present on a 60k truck. We have basically decided to wait until the 21s and 22s flood the lots at the end of the year and pay 20% off MSRP.
Our local dealer gets like 4 or 5 tahoes every few months in and let's people bid against each other for who gets it.
07-16-2021, 12:47 PM
#19
Race Director
I would be OK with it if it was at least oferedt on the RST, or the RST appearance was available on the premier. To get adaptive cruise you have to either get the old man chromed ou premier, or the old redneck chromed out high country. I'm not above having to black out the vehicle, but it's annoying to have to do that. Meanwhile, kia offers a blackout package on the top Telluride for 50k all in. GM wants 72k for a premier I have to black out myself. I get the Tahoe tows more and has the diesel I want and ostensibly will last longer... GM could have just made the ACC standard on LT+ models and been actually competitive. All the other safety stuff is offered, just not ACC.
Last edited by FAUEE; 07-16-2021 at 12:47 PM.
07-16-2021, 09:24 PM
#20
Melting Slicks
My 2021 Silverado has the ACC and I don't like it at all. I also dislike continually fighting the adaptive lane control garbage. I disconnect both.
Would like to sell it to anyone that wants it - haha. FYI it's available with the "safety package". My truck came with it but I bought it anyway because
it had everything I wanted (including technology package which I LOVE) It also has NO sunroof which was really difficult to find in a loaded vehicle.
Good luck to the original poster in finding that elusive C6 you're looking for. I have a base '08 convertible that I picked up at the Corvette Museum
when it was new. Z-51 M6 with 72,000 miles now that has been perfect except for a 30 dollar sensor that went bad a few years ago. I've done all
the maintenance personally, including differential oil change, transmission fluid changes, oil changes, brake fluid change, etc. Easy to do, except for
coolant changes which seem to take forever...
Would like to sell it to anyone that wants it - haha. FYI it's available with the "safety package". My truck came with it but I bought it anyway because
it had everything I wanted (including technology package which I LOVE) It also has NO sunroof which was really difficult to find in a loaded vehicle.
Good luck to the original poster in finding that elusive C6 you're looking for. I have a base '08 convertible that I picked up at the Corvette Museum
when it was new. Z-51 M6 with 72,000 miles now that has been perfect except for a 30 dollar sensor that went bad a few years ago. I've done all
the maintenance personally, including differential oil change, transmission fluid changes, oil changes, brake fluid change, etc. Easy to do, except for
coolant changes which seem to take forever...