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Buying & Selling

Corvette Plans Return to UK Dealers in 2011

by Keith Cornett on August 19, 2010

corvette-plans-return-to-uk-dealers-in-2011

Looks like the Chevy Corvette will be headed back to the UK starting in May 2011 according to several online sources. Chevrolet’s flagship sports car will be imported by Chevrolet UK and sold at select dealers alongside the Camaro.

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GM Updates Corvette.com for the 2011 Model Year

by Keith Cornett on August 6, 2010

GM Updates Corvette.com for the 2011 Model Year

GM has officially rolled out the 2011 model year Corvettes on www.corvette.com. The new site features many upgrades to the previous site including a cool new color selector and a new build your own configurator. Customers can search dealer inventories and connect with Corvette’s social media groups through facebook and twitter updates directly on the site.

Check it out at www.corvette.com

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2011 Corvette Order Guide Available for Download

by Keith Cornett on May 8, 2010

2011 Corvette Order Guide Available for Download

Here is the 2011 Corvette Order Guide which will take you though the various options available for each of the six Corvette models. Shown above is one of our favorite new features on the new Corvette, the new USB connector for plugging in your ipod, iphone or other MP3 device. Thanks to Dave Salvatore at Kerbeck Corvette for providing the guide to us.

Click here to Download.


Related:
GM Gives 2011 Corvette Buyers More Personalization Choices

 

New Rebates and Financing Incentives Available for Corvette Buyers

When we published the April 2010 Corvette Sales Report on Monday, we noted that GM would probably be offering some incentives to move the more than 4,500 Corvettes that are currently available in dealer showrooms. Sure enough, we checked with our friends at Kerbeck Corvette and there are several incentives and rebates available for the 2009 and 2010 Corvette.

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Why Do Dealers Insist on Defacing Corvettes?

by Keith Cornett on March 29, 2010

Why Do Dealers Insist on Defacing Corvettes


Team Nissan, are you serious? Your dealer nameplate should just as well read “Dealbreaker”…


Source:
Corvette Forum via eBay

 

Corvette Market Magazine Holding 3rd Annual Scottsdale Seminar in 2010

Keith Martin and his panel of Corvette experts will return to Scottsdale this January to discuss the topics essential to understanding today’s collectible Corvette market. The seminar will be held Thursday, January 21 at the Barrett-Jackson Auction.

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NCRS Announces Award Confirmation Service

by Keith Cornett on September 17, 2009

NCRS Announces Award Confirmation Service

Corvette collector’s rejoice! The National Corvette Restorers Society is now offering a service to confirm the NCRS awards given to a Corvette. This will be a great resource for buyers or owners who want confirmation on a specific Corvette’s NCRS award history as well as perhaps provide the missing link to a Corvette’s history. The service doesn’t come cheap though. Expect to shell out $300 for the document.

The NCRS awards database has over 20,000 records and some date back to as early as the mid 1980′s. The award confirmation document includes:

  • Owner’s Names
  • Net and Final Scores
  • NCRS Awards Received
  • Location and Type of Event: National, Regional or Chapter
Where available the record will also contain:
  • Color
  • Trim
  • Engine Horsepower

For the $300 fee, you receive the records printed on official NCRS stationary and signed by Roy Sinor, NCRS National Judging Chairman. To place an order for the service, contact Roy Sinor at 918-834-0259 or via email at: rsinor@sbcglobal.net


Note: The NCRS TOp Flight certificate show above was awarded to Terry Michaelis and Proteam Corvette for their 1967 Corvette Coupe dubbed The “Last”â„¢ Corvette.


Source:
NCRS

Related:
The Must-Have Option When Buying A Classic Corvette
Weekend Plans: NCRS Corvette Show and Mecum Auction
NCRS Kicks Off Membership Drive

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New Corvette Rebates and Incentive Offers

by Keith Cornett on April 3, 2009

Corvettes for sale at Kerbeck

Our friends at Kerbeck Corvette wanted us to help spread the word about the special rebates and incentives being offered by GM. Last month’s Corvette sales were the best since September 2008 and GM really wants to build on the momentum with these rebates and incentives. The good news is that you can thousands on both 2008 AND 2009 Corvettes.

For 2009 Corvettes

  1. 4.9% Financing for up to 60 months, OR
  2. $1,000 rebate

For 2008 Corvettes

  1. 0% Financing for up to 60 Months, OR
  2. 2.9% financing for up to 72 months, OR
  3. $4,000 rebate, OR
  4. $2,000 rebate and 5.9% financing for 60 months.

Want to take advantage of these special rebates or financing deals on new Corvettes? call Dave Salvatore of Kerbeck Corvette at 1-877-537-2325. Make sure you tell him CorvetteBlogger sent you!


Source:
Kerbeck Corvette

Related:
March 2009 Corvette Sales

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1969 Corvette Roadster

In our final analysis of 2008′s Corvette prices, we present an overview of Corvette values by generation. This is an interesting time for Corvette buyers as many models are still showing appreciation despite the lagging market. And with some of the more collectible Corvettes giving back some of the pricing gains earned over the last couple of years, this could be a real buying opportunity for collectors and enthusiasts should the right Corvette present itself.

The following are highlights from our 2009 Corvette Price Guide:

1953-1962:
The first generation Corvettes had mixed results with some models showing a negative 5-7% depreciation factor, while on the plus side of the ledger appreciation results ranged for 2-9%. The high average price for this series was the 1953 Roadster at $294,500. At the low end of the price scale was the 1961 Roadster at an average price of $45,000, showing an appreciation factor of 2%. We expect the 1953 model to continue to show depreciation in average price with the majority of these solid axles showing positive results for the 2009 calendar year.

1963-1967:
The mid-years have regained the appreciation lead with all models showing an appreciation factor of 4-9%. The price leader in average price continues to be the 1967 Roadster at an average price of $61,000. The entry level price for the mid-years continues to be the 1964 Coupe at $35,000 in average price.

1968-1982:
The average price range for this generation of Corvettes starts at $9,200, the average price of a 1978 T- Top that showed no change in average price from last year. The average price for the series tops out at $29,500, the average price of the 1970 Roadster that showed an appreciation factor of 7%. The average price of the third generation Corvettes ranges from a depreciation factor of -8% to a +10% appreciation factor.

1984-1996:
There was quite a change last year in the average price for the fourth generation Corvette models. Our 2008 Price Guide showed many with single digit appreciation factors and a few in the double digit range. The 2009 Price Guide shows none in the appreciation column with two holding on as ‘no change’ in average price. Several are now showing double digit depreciation. The high average price for this series is $52,000, going to the 1996 Grand Sport Roadster. The low end is represented by the 1984 Coupe with an average price of $8,600 and a 1% depreciation factor. Hurting the average price of this series is the pricing of the C5 Corvettes with many selling under the $20,000 mark in average price.

1997-2004:
This series continues to show negative results in average price ranging from a -6% to -18%. The high average price for this series is $31,000, going to a 2003 Anniversary Roadster that showed a –9% depreciation factor. As we have said on numerous occasions, one buys a lot of Corvette power in this series for under $20,000. At some point soon, the double digit depreciation factors will improve to single digits.

2005-2009:
As expected, all models are showing double digit depreciation in average resale price. We don’t expect this to subside since average prices start at $31,500 for a 2005 Coupe and top out at $64,000 for the Ron Fellows Special Edition Z06. The state of the US economy will continue to have a major negative impact on the average price of these Corvettes.


Order the 2009 Corvette Price Guide

2009 Corvette Price GuideThe 2009 Corvette Price Guide covers all Corvette years and body styles with high, low and average prices for each Corvette model. Another important feature of the Price Guide is the provisional one, two and five year appreciation factors for each Corvette.

In addition, the Corvette Price Guide provides the original base price and the number of units manufactured. To complete the content, included is information on motors, wheels, hard tops and factory air conditioning. Price is $15 and shipping is free!

Bob Kroupa of VETTE-N-VESTMENTS provided this analysis of 2008′s generational highlights. VETTE-N-VESTMENTS is the data provider for the annual guide and publisher of the monthly Corvette Market Letter.


Source:
VetteFinders.com
Data Provided by Vette-N-Vestments

Related:
Appreciating Corvettes: Top 10 Price Gainers of 2008
Depreciating Corvettes: Top 10 Price Declines of 2008
2009 Corvette Price Guide Released

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Depreciating Corvettes: Top 10 Price Declines of 2008

by Keith Cornett on March 12, 2009

1996 Corvette Grand Sport Roadster

Earlier this week we shared our Top 10 Price Gainers of 2008 and now it’s time to look at the other end of the spectrum. The 2008 top decliners is a diverse list that includes last year’s number 2 price gainer, the 1996 Corvette Grand Sport Roadster.

Data from the 2009 Corvette Price Guide comes from analyzing the selling prices of over 5,800 Corvettes during 2008 and then comparing the sales figures to years prior. That method has proven to be a statistically accurate measure of the Corvette Market.

Top Depreciation Models
Year Make % Change Average Price
1996 GS Roadster -20% $52,000
2007 Roadster -20% $41,000
2006 Roadster -18% $38,000
2008 Roadster -18% $45,000
1995 ZR-1 -17% $34,500
2005 Roadster -17% $35,000
2007 Z06 Fellows -17% $64,000
1993 ZR-1 -16% $29,000
2003 Coupe -16% $24,000
2003 Roadster -16% $27,500
2007 Z06 -16% $59,000

On a comparative basis, not much has changed on the depreciation chart related to percentages since the 2007 chart last year. At that time, the percentages ranged from -14% to -20% very similar to the chart above. All of the Corvettes on the 2007 chart were C5s.

The current chart includes the addition of C4s and C6s. The continuation of C5s includes a new appearance of the 2003 models. Last year the 2004 models seemed to hold that same place with the C5 series. The big question is when will the C5s bottom out from a depreciation perspective?

The C5s are truly excellent buys for consumers who want to experience just how far the Corvette Team has gone in building a handling and performance Corvette with comfort and convenience feature without the big price tag.

The 1997-2002 models are priced below $24,000 in average price. One buys a lot of Corvette for these low prices.

The C6s have joined the depreciation group – but this is normal for newer models. However, given the incentive programs the dealers have to offer during these troubled times with the automotive industry these Vettes are showing accelerated depreciation beyond normal expectations.

We are sure you have noted the appearance of the 1996 Grand Sport Roadster at the top of the chart. After last year’s appearance on the appreciation chart with a 50% increase in average price, few are selling now and the ones that do sell are showing a 20% decrease from the highs reached just a year ago. But consider this – when new, the list price was approximately $48,000 compared to today’s average price of $52,000. Original buyers are still ahead of the game.

The C4 ZR-1s are in a “slide” mode with the 1995 as the last production year model, moving down into the mid- thirties. Part of the problem is that a 2004 Z06 that is pumping out 405 horsepower can be purchased below the $30,000 mark. Same horsepower with more options for $5,000 less!


Order the 2009 Corvette Price Guide

2009 Corvette Price GuideThe 2009 Corvette Price Guide covers all Corvette years and body styles with high, low and average prices for each Corvette model. Another important feature of the Price Guide is the provisional one, two and five year appreciation factors for each Corvette.

In addition, the Corvette Price Guide provides the original base price and the number of units manufactured. To complete the content, included is information on motors, wheels, hard tops and factory air conditioning. Price is $15 and shipping is free!

Bob Kroupa of VETTE-N-VESTMENTS provided this analysis of 2008′s top price gainers. VETTE-N-VESTMENTS is the data provider for the annual guide and publisher of the monthly Corvette Market Letter.


Source:
VetteFinders.com
Data Provided by Vette-N-Vestments

Related:
Appreciating Corvettes: Top 10 Price Gainers of 2008
2009 Corvette Price Guide Released

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