2008 Corvette Price Guide: 1953 Corvette Values up 192%


2008 Corvette Price GuideOur Corvette classifieds website VetteFinders.com brings us the annual VETTE-N-VESTMENTS Corvette Pricing Guide and later this week, I will be posting an analysis of the Corvette Pricing Trends from 2007 on CorvetteBlogger.com. This year marks the 8th annual release of Corvette pricing data and it remains a feature unique to VetteFinders.com in the online Corvette classified’s arena.

The 2008 Corvette Price Guide contains data from the sales of over 5,800 Corvettes from last year to give us the High, Low, and Average prices of all Corvette model years and body styles. The guide also contains appreciation and depreciation figures for One, Two and Five years, as well as pricing for options including motors, wheels and A/C.

The free online version features the average prices of over 120 different Corvette models spanning 1953-2008. The printed version, which contains High/Low and Average prices as well as appreciation/depreciation percentages is available for $15 and can be purchased through the VetteFinders.com online store. Shipping is free.

The top appreciation gainers were led by the 1953 Corvette which clocked in at 192%. The first-year Corvette has shown astronomical results and was the hot ticket during 2007. Normally one or two surface however several were sold during the year at record prices. The same holds true for the 1996 Grand Sport, a limited production Corvette made up of 190 Roadsters (+50%) and 810 Coupes (+14%). The 1955 Corvette, another low production Corvette with only 700 built holds down the number three spot on the chart at 38%. Two mid-year Corvettes are listed on the chart as well, the 1963 Coupe and the 1967 Roadster. Three third generation Corvettes are on the chart and moving up in value. Many of the buyers recognize they cannot afford first and second generation Corvettes and are purchasing chrome bumper Corvettes that have numerous motor options and continued appreciation results.

We’ll have more on the top models from both an appreciation and depreciation perspective later this week.

Data from the price guide comes from analyzing the selling prices of over 5,800 Corvettes during 2007 and then comparing the sales figures to years prior. That method has proven to be a statistically accurate measure of the Corvette Market.

Bob Kroupa of VETTE-N-VESTMENTS, is the data provider for the annual guide and publisher of the monthly Corvette Market Letter.

Data Provided by Vette-N-Vestments

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