Will the market get "flooded" when C 7's come out
 

Still in the looking mode and I was talking to a local dealer about C-6. He told me they will have a huge selection as soon as c-7 models start hitting the lot and that if I wait till then I would get a killer deal and could find exactly what i am looking for


Any ideas on this. I am very serious and not a tire kicker and have to admit i am enjoying looking but get more and more confused the more i look

Have a few i have passed on due to some "simple" options i am wanting

Do not think the market will get flooded when the C7 finally hits the showrooms. Not sure what you are confused on and what exactly you are looking for. You did not mention year, options, price, etc. Plenty of good deals out there now so you should easily be able to get what you want.

No doubt there will be some but I dont think I would use the word flooded. The only thing I can say with certainty is mine wont be one of them..

That depends on a few things. First are you talking about this dealership will be flooded, or the market as a whole. First if you are referring to a specific dealer, then that will depend on his allocation. If he is a large volume dealer then most likely he will have a nice selection of used C6's to offer. However if he sells a small number of Corvette's each year then his selection will not be that great as his allocation will not be large.
Secondly, if you are wanting to shop all around the country then I expect that dealers will have a good select of nicely optioned C6's on their lot.
Finally, if there is a large demand for the low mileage well optioned C6's then the dealers will take advantage of that and the deals may not be all that great after all.

And you actually believed a car dealer?

Good used cars always sell well. Yes, they lose value like EVERY used car does. Don't for a second think every Corvette lover will immediately sell their cars to buy the latest and greatest.

The C6 is far from being dead and is a pretty bullet proof platform. The longer you look the longer you don't have a Corvette to drive. Life is to damn short to think you can save an extra 1,000 or 2,000 if you wait a year to see if the market is "flooded".

I saw a thread on production numbers over the past few years and I believe it averaged about 12-13k per year. Unless GM is expecting huge increases due to the new model, that is not alot of cars. I dont see how that could possibly "flood" the market.

I dont think theres gonna be any flood...Why wait, get yourself a c6 now and enjoy

Thanks. This is what i would consider the largest volume Corvette dealer in the Upstate of SC

I guess "flooded" may not be the right term. He just told me they were placing quiet a few orders with ling time Vette owners and said they should have a good selection


As for me looking for 07-10 and trying to stay in low $30k range but willing to go little higher for right C6


Wife and i have couple colors that We do not want and she really likes the Cyber Grey or Crystal metallic Red

I have also got to where i really like the two tone interior's but that is not a deal breaker

No flood just more used car on the lot. On another note...I went to a Corvette Car Show yesterday at a local Chevy Dealer (Parks) during the show I went inside to see if they had any Brochures yet and as I was speaking to this Young lady about them this snailsman came up quickly and injected himself into my conversation. He was trying to get me to pre-order at MSRP, he said that if I waited for them to hit the lot then the sticker would have a $5,000 mark up on it so I should act fast. I laughed and he asked why I was laughing. I told him that if I ever saw a practice like that coming from this dealership that I would put him on the same list as Hendricks and never buy from them again. I have purchased cars from them in the past. There is an Old saying...If you don't stand for something you will fall for anything. :thumbs:

Four decades in the car business, and I can tell you that a 'nice' car is always in demand. If the market has a lot to choose from it may make it nicer for the buyer, and give them more choice. Corvettes are never going to be a plentiful item on most UC dealers lots, so my advice, if you find a nice car, the right color and equipment, BUY it.

It was flooded in 2008 when GM discounted 15-20k unsold c6's, but since production numbers dropped drastically in the following years, the demand for affordable used vettes is pretty high.

First, if you're saying 07-10 you probably mean 08-10 (the years with the LS3 motor not the LS2).

Second, a 1LT of those years can be had for the low 30s already. I went to the high 30s though to get a 3LT and a 2010 with really low mileage.

That puts me to my response saying that what you're looking for in terms of price and features is available right now. Be willing to travel a bit to find the right car. I went a little over 250 miles to find the one I wanted.

Thanks and yes you are correct. 08-10' newbie here and that is one of the many things i have learned here.

This site is really been a huge help

that's what we're all here for. I was a newb 2 months ago. I signed up to learn a bit more before I purchased my first Vette. I had a 4th generation Camaro a long time ago so I wasn't too unfamiliar with the LSx series motors but I wanted to be a little educated before I made my purchase. Happy hunting and good luck with your search!!! :thumbs:

:iagree:
Prices on the C6 have been coming down but I don't expect huge discounts off current prices. With low volume C7's hitting the market the C6 will not be a fire sale. C6's will take the normal Vette price curve. Huge performance improvements were made starting with the C5, this will make C5's and C6's desirable in the long term. With production numbers being much lower than they used to be (all newer Vettes), prices will not be hit as hard as for higher production cars.

Buy what you want, when you find it, I would not wait, unless of course you want to spend more for a C7.

Selection is already dropping if your looking for new..There's plenty of us who bought 13's & don't care about a C7 with its full sticker price & first year bugs.

If you are talking used Vettes I think that dealer is assuming that people will be trading their vettes in for this new phenomena ... I think that is an assumption without merit. There are plenty of C6's of all kinda out there now, new and used.if you insist on searching for a car for all eternity then yes you will get confused and drive yourself nuts.To the uninformed dealers out there, they have used vettes for sale for as much as a new 13 can be had from forum dealers.Most Chevy dealers outside of this forum are totally uniformed or under informed when it comes to all things Corvette.By the way, my car won't be on any lot either..I'm no fan of the cartoonish C7.

Why Just C6? Only C6 owners will buy a C7? So he is admitting that GM will fail to bring in other brands on C7 trades? Ridiculous

Same thing happened to me at Parks when c6 came out. I was there to buy and just walked out, never went back .

I love my C6's so much that I just bought another one Thursday!

It's a PROVEN platform and despite the (over) hype by some C7 fan boys, the C6 is and will remain a very beautiful and capable car for many years to come.

I might buy a C7, but not right away. Like R&L, I am certain I won't be in a rush to dump any of my Corvettes to be "the first kid on the block" to own a C7. I'll see how the thing actually performs and also wait for the bugs to be worked out. I'll let others be the initial guinea pigs for any teething pains and development of aftermarket parts for the C7. :D Let those guys spend time and money to see what works and what doesn't and then we can benefit once some "collective knowledge" is learned.

:iagree:

Besides, I'm cheap :rofl: no way would I even pay sticker... I'll wait for the inevitable discounts....

I'm thinking that there already are a lot of C6s on the market in anticipation of the C7. Whether there will be a lot of trade-ins for the C7? I don't know, I'm guessing that a lot of 1st year's production is spoken for - I could be wrong. But definitely, be patient and expand your search in order to get what you want. It took me 3 months to find my C6 and I had to get it from a dealer located 1,000 miles away. But I did get an awesome price on it. Relied mostly on Cars.com and Autotrader. Good Luck!

you say yours is a large vol. Corvette dealer--how many allocations does he say he has? as to an onslaught of used cars, doubtful. it's been happening for about the past 3 mos., or since the "unveiling" of the C7 on Jan. 13. yes, it will pick up a bit when the summer gets on.

but let's face some facts, there will be no C7s on the streets as sold cars during Jun, Jul, Aug. where then is this big sellathon coming from for C6 owners?

and with the allocations relatively stringent, how many are already signed up for new ones at your dealer? if he has a C7 allocation of say 30, that's 30 potentially old Corvettes being traded in. if it's a large vol. dealer, that doesn't sound like an awful lot of trade ins, esp. over a period of months as the C7s come in.

I think the whole process will have some people waiting to sell their current cars when they can, in fact, be guaranteed a car will be available for them to buy, and receive. my suggestion therefore would be, keep looking, starting now and expect maybe a little uptick in turn ins, but not that much. and remember that you are competing with everyone who KNOWS they can't, or don't want to afford a new C7. and there are a lot more of those folks than potential buyers for a new C7.

If you want to buy a car now, buy one. If you can wait, then wait. No one can decide for you. Prices of C6s will be going down for the next few years, most likely. If you always wait, you will never have a Corvette.

I really doubt there will be a tremendous amount of C6s hitting the market when the C7 makes its market debut. It's going to take a while for a sufficient number of C7s to be produced to make a difference and besides, it won't only be C6 owners buying the C7.

If you find a nice C6 now, it may not be a bad idea to get one - you can enjoy it sooner.

Have noticed some forum dealers are just about out of 1LT base coupe inventory. People snapped them up when they were available at $38K+. When the C7 hits the showrooms I'd guess some dealers will add a "limited availability surcharge" of several thousand dollars which equates to a C7 base coupe of around $55K. This makes a new C6 a steal at under $40K. It also should support a nice low mileage 10-13 base coupe price on the used car lots. Just my thoughts.

Can't tell you if there will be a larger then normal number of used C6's available when the C7 come out but can tell you what happened when the C6 came out. I lived in an area that had two very large corvette dealers within 40 miles of each other and they both were getting a large number of people pre-trading in their C5's to get on the list for a C6. Even though the last 5 years has been bad for corvette sales there were still over 200,000 C6's built so they are not all that rare so I suspect there could be a significant increase in trades. But if you find the right car why wait?

On some level, everyone feels a little bad when they see that the Corvette they bought 3 years ago is now only worth "X." It's the nature of a depreciating asset.

Some times are a little better than others to "jump in the game," so I understand why you're asking.

But in the end, I think as long as you 1) figure out what you *really* want that is within your budget and 2) not get totally ripped off, you'll be okay. Having the car you love will prevent regret when you see that it's dropped X% in value over time.

I scored a 2008 42K miles, JSB (in wonderful condition), MN6, 3LT, Chromes, Z51, NPP, glass top for less than 28.5K. It is literally everything I wanted in a C6
I think that some fluid has been spilled in an awkward place. Some smell remains but I put a bumper to bumper all inclusive $0 deductible Extended warranty on it. May it all fail in the next three years and not a second later.
I must admit it's a much better car than either my 99 HT or 01 coupe, as a car. It feels very much more refined and without the raw aspect the other two had. This difference was further emphasized by the replacement of the GYs F1 rears with BS A/S Potenzas. Even with a bit of remoteness to the experience, this sucker is way faster than my prior two.
I believe replacement tires will be a larger expense.
If you see a deal, JUMP, FROGGY, JUMP!

Kevin Whitaker sold 62 corvettes in 2012 he made the top 50.
Thats 5 and 1/2 a month so yeah he's gonna be flooded alright.
z51vett
Doug
I've got someone to call if you want to see whats here in Ga. 770-316-8528

Funny, that s what my wife keeps telling me:D:D

Thanks that is who i was talking to

They had a 10 that i really like but drug my feet too long due to work schedule

Smart wife....:lol:

Just remember, today was one less day of your life without the joy of a Corvette.

We took ours out for a nice long ride today....it was fun..:yesnod:

:iagree: There are thousands of people out there that will want to buy a used C6 because they cannot afford to buy a new C7. There is NO WAY that I will sell my 2010 Grand Sport Coupe as soon as the new C7 arrives this fall. I love my car's looks and performance and will be happy with it for quite a few more years. However, sooner or later, I will want a new one, again (I like the C7!).

BTW, the only used car that I can think of that has NOT depreciated is the 2005 & 2006 Ford GTs. They sold new for ~$140,000-$150,000. Those cars have increased in value to almost $200K right now.
-Clark

A loaded C7 will be 65k to 72k, i think the used C6 will hold it value.
I am selling my CRM 08 convertible now in the c6 for sale section.

http://forums.corvetteforum.com/c6-c...nvertible.html

As they are no longer being built, there will never be more C6's as a whole than right now.
Odometers go up, not down, so if you find the one made for you, now's the time.

This:
And this:
While the economy is recovering slowly, there is still a strong demand for good used cars - especially sports cars as they are usually a 2nd+ car and a discretionary purchase. C5's and C6's represent excellent performance/price value and are still technically on par with all but the most expensive new sports cars.

Of course they will continue a normal depreciation trend but, I don't believe there will be a huge drop in prices from the introduction of the C7. There have always been people ready and willing to buy the newest generation of Corvette when they debut. Equally, there have always been people who cannot afford a new Corvette but, are willing to pay good money for a quality used example.

Another depreciation milestone is when a car reached the point where banks are less willing to make loans due to age. Early C5 prices are dropping pretty quickly. This is likely one reason why. Cash buyers looking for used sports cars tend to be more price conscious. Even 2005 C6's have years to go before reaching this point.

Yep. That is what the wife keeps telling me


Guess i am just being too anal about buying one. Mind is made up when i find what i want i am buying

I've been gently watching for the right '08 for me for almost two years. I say gently because other priorities have tabs on the toy budget. But I've been window shopping. I have seen very little downward movement in prices. The C7 may have an effect but my guess is that will take at least 2 years. Do you really want to wait that long? If you find what you want you should get it and enjoy. Searching for the 'bargain of the century" is an elusive thing.

I think that was sound advice.There will be a great selection of old models when a new model comes out.
I don't know if I would go as far as saying the market will be flooded,but it will be a great time to pick up a used C6.When more cars hit the market,it usually means better pricing,and they are cheap now.