Used C8 pricing declining while New C8s continue upward
02-26-2022, 09:52 AM
#41
Burning Brakes
Just sold my 21 HTC 1LT with Mag Ride for $20k over MSRP with 15,500 kms on it (9,600 miles). Dealership made another $10k on it as I "traded it in" for tax savings.
I don't believe the market is softening.
I don't believe the market is softening.
02-26-2022, 10:33 AM
#42
Racer
02-27-2022, 12:33 PM
#43
Fair price is sticker..............maybe.
02-27-2022, 12:35 PM
#44
Cams C8: Well you know what they say "there's one born everyday"
02-27-2022, 12:55 PM
#45
Burning Brakes
Thread Starter
I'm curious if your transactions took place in Toronto, and if so, how'd you rate the availability, or scarcity, of C8s there? Is it possible that the supply/demand situation there still favors the sellers over the buyers, compared to the cross section of buyers/sellers in the U.S.?
Also, are the Sales figures you mentioned in Canadian or U.S. dollars? Again, just seeking clarity as there is about a 20% difference between the two.
Thanks
02-27-2022, 01:23 PM
#46
Pro
FourWheel Trader on YouTube might have the most comprehensive, data driven sales numbers to break down car values.
He covers the C8 market here, covered about one month ago. Enjoy.
He covers the C8 market here, covered about one month ago. Enjoy.
02-27-2022, 04:41 PM
#47
Race Director
Member Since: Aug 1999
Location: Bluffton SC via Canton Oh
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Watched another youtube video from Corvette World in Dallas. Guy claims prices are down a little but expects them to climb when Z06 production cuts into Stingray production. Interesting he said the economy had little bearing on price. He based that on prior history over many years. We'll see. I believe we have a lot of younger owners and buyers who may be more affected by the economy then us old folks.
02-27-2022, 05:02 PM
#48
Le Mans Master
02-28-2022, 09:52 AM
#49
I'm wondering just how long this will last after all the car will be 5 years old in the next "car" year. How long was the C7 run of course the C8 is more popular.
I'm waiting to see the first one caught after the prices fall. One day someone will pay 15-25 over and then the next they'll be sold for under sticker. Literally not that fast but it'll happen.
I'm waiting to see the first one caught after the prices fall. One day someone will pay 15-25 over and then the next they'll be sold for under sticker. Literally not that fast but it'll happen.
03-01-2022, 02:46 PM
#50
Crazy times. I posted on 2/26 that I went to my local carmax and they gave me a trade in of $89k on my 2022 HTC 2LT with an MSRP of about $87k. Was more curious than anything and certainly not tempted. I checked Carvana and they offered $98k and Vroom was $78k. Those prices are all over the place. Not interested in even the Carvana price even though I would make a little money but did not expect a $20k difference in car buying services.
03-01-2022, 02:55 PM
#51
Crazy times. I posted on 2/26 that I went to my local carmax and they gave me a trade in of $89k on my 2022 HTC 2LT with an MSRP of about $87k. Was more curious than anything and certainly not tempted. I checked Carvana and they offered $98k and Vroom was $78k. Those prices are all over the place. Not interested in even the Carvana price even though I would make a little money but did not expect a $20k difference in car buying services.
03-05-2022, 04:44 PM
#52
I think that's it buyers feel lucky to spend $$$ over sticker
03-05-2022, 04:52 PM
#53
Team Owner
Member Since: Sep 2001
Location: Denison, TX
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2022 C8 of the Year Finalist - Unmodified
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St. Jude '03-'04-'05-'06-'07-'08-'09-'10-'16
In the last couple of months, I sold my 2021 Vette and 2019 Jeep Wrangler. Carmax gave crap offers on both. Received much better offers elsewhere.
Even if true, it's hard to cry (or worry, whatever) about used C8s maybe going down 4% when they were selling at easily 20-25% of MSRP.
Even if true, it's hard to cry (or worry, whatever) about used C8s maybe going down 4% when they were selling at easily 20-25% of MSRP.
03-06-2022, 02:39 PM
#56
Speaking of Supply Decreases, I was speaking to a dealership representative a few days ago (I'm trying to order a Stingray) and I mentioned the decreased production of the 2023 MY Stingray due to the addition of the Z06. He mentioned his concerns about the Z06 production numbers, due to possible Z07 Package supply issues - specifically the Carbon Fiber wheels. I don't know where his concerns come from (GM? Some other source? His own speculation?). But, in general, we are seeing new car builds decreasing across several of the large U.S. producers due to supply chain issues. Time will tell.
03-08-2022, 01:27 PM
#59
Melting Slicks
Ran into this link , it's pretty interesting, for 2021 it's going down about 1k a month.
https://www.cargurus.com/Cars/price-...et-Corvette-d1 (uncheck all others and pick 2021 or the year you want)
https://www.cargurus.com/Cars/price-...et-Corvette-d1 (uncheck all others and pick 2021 or the year you want)
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