This SlideShowPro photo gallery requires the Flash Player plugin and a web browser with JavaScript enabled.

Strong Demand for the C7 Corvette Stingray Creates Opportunities for Sellers

by Steve Burns on October 15, 2013

Strong Demand for the Corvette Stingray Creates Opportunities for Sellers

Last week, reports of a 6 month wait for your new C7 Corvette swirled around the internet. Since then the topic of Corvette Stingray demand has been talked about all over the interwebs. With that in mind we decided to take a look around the ‘net and see what we could find for sale. Read on to see what we came across.

Naturally, our first stop was eBay. As we assemble this dynamic prose there are 12 2014 Corvette Stingrays on the ‘bay. You have your selection of colors including Velocity Yellow, Lime Rock Green, Night Race Blue, and pretty much every hue on the Corvette color palette. The cars are located all across the US spread between California, Texas, and all the way to Massachusetts.

Over 2,000 Corvettes have been assembled so far and they’ve been arriving at dealers for about a month now. Back in college Economics 101 we learned about basic supply and demand – when supply is low and demand is high, the price goes up. Like any new Corvette model we know that demand will be high and ads listing prices above MSRP are inevitable.

With that in mind we’ll take a look and see what the C7 market is looking like right now. One of the first cars we found was in the DuPont Registry, rather than eBay, where a relatively bare bones 1LT, non-Z51 Stingray is listed at $75,999. Pending options, we built a similar car on the Chevrolet website and came up with roughly $55,000 for our Stingray.

Back on eBay, all but one of the listed C7’s has a Buy-it-Now price. All of the cars that also have a bidding option have received numerous bids. One car has 21 bids already. The BIN prices range from $66,900 all the way up to $85,000 for a Cyber Gray car with a $67,000 sticker price. Compare that with a $66,000 car that has a $69,500 BIN. Or there’s a red/red Z51 with a $70,780 MSRP and a Buy-it-Now of $78,500. It is nice, however, to see a few sellers actually posting photos of the window sticker for potential buyers to review and compare to the Buy-it-Now prices.

Since they’ve only been out for retail sale for a limited time, we’ve got a pretty small sample size to look at as far as sales prices go. Based on all the positive reviews that we see for the C7, we expect that the demand will continue to be high for the foreseeable future. And like any Corvette purchase new or used, we always recommend that you do your homework before plunking down cash on your new sports car.

If you’re in the market for a 2014 Corvette Stingray be sure to check out our great sponsors Kerbeck, Mike Furman at Criswell Corvette, and Sport Chevrolet.


Related:
Report: Demand for the Corvette Stingray May Create a Massive Waitlist
2014 Corvette Stingray Sales Soar
Dealers Face Decision to Sell the 2014 Corvette Stingray at MSRP or More

 

Advertise with us

Previous post:

Next post: