Talking with many longtime Corvette collectors and dealers, there is one thing we can finally all agree on: This market sucks for Corvette values. Like the banking, housing and automotive sectors, the effects of this stagnant economy have finally permeated down to the collector car market which includes Corvettes. But for buyers (and we know you are out there) there couldn’t be a better time to make that purchase than right now. But you need tools and research to make an informed buying decision and so we are pleased to announce the availability of the 2010 Corvette Pricing Guide.
For the first time in the 30 years of publishing the Corvette Pricing Guide and Market Letter, Bob Kroupa of VETTE-N-VESTMENTS says that NO Corvettes appreciated in value last year. In fact, Bob’s pricing analysis of 134 specific Corvette models show that just five were a No-Change in Value from 2008’s price guide while the other 129 models are down from -2% to -40%.
I always hear from people who say they wish they could go back in time to get a great deal on a Corvette. Apparently, that is what’s happening as values fall across the board.
The findings of the 2009 Market Analysis will be published throughout this week. However, its important for us to share exactly how we arrived at these values.
The 2010 Corvette Price Guide is unique compared to other guides as VETTE-N-VESTMENTS researched and cataloged the prices from the actual sales of over 5,000 Corvettes in 2009. This gives 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. This method has proven year after year to be a statistically accurate measure of the Corvette Market.
The free online version features the average prices of over 130 different Corvette models spanning 1953-2010. 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.
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