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Corvette Values

Corvette Documentation

In a recent post from his Corvette Perspectives blog, prolific Corvette collector Terry Michael of Proteam Corvette shares his thoughts relating to documentation and Classic Corvettes.

Documentation is any paperwork generated by the factory/dealer when the Corvette was assembled and sold. It can include the window sticker, tank sticker, shipper copy, warranty book/protecto-plate, dealer invoice, dealer bill of sale and the owners manual packet.

Terry’s Three Facts about Corvette Documentation:

Fact one:
Most older (1953 to 1981) Corvettes do not have any form of documentation. A Corvette with documentation is the anomaly!

Fact Two:
Bloomington Gold and NCRS judges do not judge documentation and documentation is not required to have your Corvette judged, other than a title and proof of insurance. These judges are generally quite experienced and judge by a standard and that standard I refer to as “The Duck Test” being; If it looks like a duck, walks like a duck, and quacks like a duck… it most likely is a duck!!! Sometimes the evidence of the “The Duck Test” is so overwhelming, especially when performed by the truly experienced, it replaces the real need for documentation (paperwork).

Fact Three:
Sadly, the unreasonable and silly thinking that a Corvette without documentation has little value has created a covert cottage industry of entities and/or persons that make/print/create fake aged documentation.

Caveat Emptor:
If documentation is a requirement leading to your purchase of an older Corvette, please hire an expert to affirm that the documentation is, in fact, real and not something that was generated to feed that silly notion that a Corvette must have documentation.

I do see his point about the relevancy of documentation: As the majority of Corvettes do not have documentation, the Corvette itself can be documented against the standard used by the NCRS and Bloomington Gold. And if that Corvette meets the standard, then its value should not be penalized for lacking official documentation.

I would love to open this topic for conversation. How important would documentation be when purchasing a classic Corvette? Click here to comment and let me know what you think.
Source:
tmichaelis.com Related:
Corvette Values: 1966 327/350 Corvette Roadster
Proteam To Offer 40+ Corvettes at Bloomington Gold Auction
The Must-Have Option When Buying A Classic Corvette
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Corvette Values: 1966 327/350 Corvette Roadster

by Keith Cornett on July 14, 2008

1966 Corvette Roadster

MK from Texas submitted this 1966 Corvette Roadster to Corvette Values:

1966 Corvette Roadster, VIN #194676S113XXX. L79 327-350 V8 engine. 4-speed transmission, 61,000 miles. Ermine White with saddle leather interior. The options include factory original knock-offs and side-mounted exhaust. Corvette underwent a body-off restoration in 2004. Interior and exterior are show condition. No documentation.

Find out how we valued this Corvette after the jump.

1966 Corvette Roadster 1966 Corvette Roadster 1966 Corvette Roadster

The VIN indicates this Corvette was built in early February, 1966. Thus any changes or modifications, after the initial introduction, would have been included in this Corvette. The owner states the mileage of 61,000 miles is correct.

It had a body off restoration completed in 2004 with no evidence of deterioration since that date. The exterior body, interior and engine compartment remain in excellent show ready condition.

It is Ermine White in color, the original color, enhanced by a Saddle leather interior. It has Goldwall tires mounted on original knock off wheels. Also a side mounted exhaust system. The combination of optional wheels, tires, side exhaust, White paint and Saddle interior present excellent curb appeal.

It is powered by the original, matching numbers 327-350 motor coupled with a 4 speed manual transmission with the correct original shifter. The engine compartment is clean and shows nicely with the bright shielding in place.

An additional word on the original options that can be classified as “rare.” Only 4% of the 1966 models were delivered with the cast aluminum knock off wheels. Today, most 1966 models with knock off wheels are not original and are classified as reproduction wheels. Also the original side mounted exhaust system were ordered by only 13% of the buyers in the 1966 model year. Again, most of the 1966 models with side exhaust are not original, added at a later date.

We place a value of $67,500 on this 1966 Corvette Roadster. As a side note, the 2008 Corvette Price Guide lists the 1966 Roadster as showing a one year, 9% appreciation factor in average price.

Corvette Appraisals:
With Corvette values rising yearly, make sure your insurance coverage keeps up with your Corvettes value by having it appraised online at VetteFinders.com. Our online appraisals are only $69.95 and are usually completed within three business days. Click here to start your Corvette appraisal now.
Source:
VetteFinders.com Appraisal Service
Related:
Corvette Values: An Unrestored 1967 Corvette Roadster
Appreciating Corvettes: Top 12 Price Gainers of 2007
Corvette Values: 1966 Convertible Project Car
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1967 Corvette Roadster

MB in Minnesota submitted his 1967 Corvette Roadster to Corvette Values:

1967 Corvette Roadster, VIN #194677S105XXX. L71 427-435 engine, 4-Speed Transmission. 52,436 original miles. Goodwood Green with Saddle vinyl interior. The Corvette’s options include power steering, M21 transmission, factory side exhaust, headrests, shoulder harnesses and a Black Vinyl hardtop. The exterior paint is good, mechanicals are excellent and the Corvette is all original and has never been restored. Documentation includes the original bill of sale, protecto plate and owner history.

Find out how we valued this Corvette after the jump.

1967 Corvette Roadster 1967 Corvette Roadster 1967 Corvette Roadster

The VIN indicates it was built in December, 1966, early in the 1967 production year. The owner indicates the mileage, 52,435 is original and correct.

This Corvette is rare from a number of perspectives. The first being it is all original and has not been restored. It is Goodwood Green in color, the most popular paint color in the 1967 Corvette model year. The paint is classified in good condition. The interior is in excellent condition, including the door panels, carpet and Saddle vinyl seats with optional headrests. In addition, this Vette has the optional shoulder belts. Both the headrests and shoulder belts can be considered rare with less than 8% of the 1967 models ordered with these options.

This Corvette is powered by a very desirable high performance, 427-435, original motor coupled with a four-speed close ratio manual transmission.

Other options include the correct side-mounted exhaust system, power steering, AM/FM radio and cast aluminum bolt-on wheels (added, not ordered when the Corvette was built). Another rare option is the black vinyl covered hardtop.

From a curb appeal standpoint, this Corvette presents an excellent profile with its Green paint and White ‘stinger’ trim on the hood and the optional wheels and bright side exhaust.

Adding to its value, this Corvette’s originality is substantiated by the available bill of sale, protecto plate and owner history.

We place a value of $125,000 on this very original, low mileage 1967 Corvette Roadster.

As a side-note, the one year appreciation factor in average price for a 1967 Roadster is 11%. Also, this Corvette appears to be ready for NCRS and/or Bloomington certification that could enhance the value of this Corvette by an estimated $25,000.

Corvette Appraisals:
With Corvette values rising yearly, make sure your insurance coverage keeps up with your Corvettes value by having it appraised online at VetteFinders.com. Our online appraisals are only $69.95 and are usually completed within three business days. Click here to start your Corvette appraisal now.
Source:
VetteFinders.com Appraisal Service
Related:
Appreciating Corvettes: Top 12 Price Gainers of 2007
Corvette Values: 1966 Convertible Project Car
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Terry’s Corvette B-List: The Affordables

by Keith Cornett on March 25, 2008

1955 Corvette in Harvest Gold

Last week Terry Michaelis of Proteam Corvettes shared his Corvette A list. This was his top 10 Corvettes to buy if money was no object. Those 10 Corvettes represented the rarest of the rare, from a 1963 Grand Sport to a 1971 LS6. This week, Terry brings us his B-List: The Affordables. This list contains 15 of the most collectible Corvettes that are still in reach for most collectors. With Barrett-Jackson happening this week it’s possible that Proteam could be shipping back to Ohio several Corvettes on this list.

Terry’s Corvette B-List

1955 V-8
700 produced (7 Blue Flame Six; 693 with V-8’s) • values $125K to $350K
1957 Fuelie
1,040 produced (RPO-684 HD racing suspension, 51 produced; RPO-579E air box, 43 produced) • value $250K up on the RPO-684/579E
1958-’62 Fuelies
RPO 684 + RPO 687 HD brakes + suspension; 884 produced in all 5 years/177 per year • value $150K up (1958 RPO-684 are very special and more expensive)
1958-’61 Dual Four
245 hp and 270 hp • value $100K up
1963 Fuelie Split Window
1,300 prox. produced • value $100K up
1965 Fuelie
last year fuelie (771 produced) • value $100K up
1965 396-425 hp
first/last year for the 396 (only 2,157 produced) • value $100K up (M-22 adds $150K to $250K)
1966 427-425 hp
5,258 produced • #2 in top 40 fastest muscle car list • value $100K up • 15 M-22 produced (adds $150K to $250K)
1967 435 hp
3,754 produced (popular then/popular now) • colors & documentation is important & rare • value $150K up
1963-’67 Tanker
63 ’63’s produced, 38 ’64’s produced, 41 ’65’s produced, 66 ’66’s produced, 2 ’67’s produced • values range $125K up • ’63’s are hot and just try to find a ‘67 (probably $500K to $1 million)
1967 400 hp/air/convt.
colors & documentation is important • value $150K up
1968/69 L-89
624 1968’s/390 1969’s produced with aluminum head option • value $150k up
1970 LT-1
1,287 produced • value $60K up
1971 LT-1
1,949 produced • value $60K up
1972 LT-1
1,741 produced • value $60K up • add air and price soars especially convertibles (less than 50)

Footnotes:

  1. must be the real deal… not fakes or frauds
  2. Colors (Black) adds a lot… must be factory original body/trim tag
  3. Original documentation, history, and Bloomington/NCRS show awards adds a lot
  4. Original rare options adds a lot (set of Kelsey bolt-on wheels & red stripe tires sold on eBay in ‘06 for $33K)
  5. Original, unrestored in excellent condition adds a lot.
  6. Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
  7. When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
  8. A-E Equals an overall package and desirables.

Do you see anything here you would like in your garage? Leave a Comment (below) and let us know.

Sources:
tMichaelis Corvette Perspective

Related:
When Money is No Object: Terry’s Corvette A-List
Appreciating Corvettes: Top 12 Price Gainers of 2007

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When Money is No Object: Terry’s Corvette A-List

by Keith Cornett on March 19, 2008

Grand Sport #001

Terry Michaelis of Proteam Corvettes has been buying and selling Corvettes for decades and is arguably one of most knowledgeable Corvette pricing experts in the country. When you’re buying and selling hundreds of thousands of dollars worth of Corvettes on any given weekend, you better know where the market is, right? So when Terry told us about his Corvette A-List, ie the top 10 Corvettes to buy if money wasn’t an object, we decided to sit in the front row and take notes.

Terry’s Corvette A-List

1963 GRAND SPORT
5 produced • value $6 million and up (good luck)… none for sale
1969 ZL1
2 produced • value $3 million and up (good luck)… none for sale
1967 L-88
20 produced • value $1.5 million and up (good luck)… none for sale
1968/69 L-88
196 produced • value $350K to $750K (They are out there)
1971 ZR2
12 produced • value $350K to $650K (4 known to exist)
1967 L-89
16 produced • value $450K to $750K (few known to exist)
1953 BLUE FLAME
300 produced • value $300K to $500K (VIN 003 sold for $1 million; VIN 005 sold $850K)
1963 Z06/TANKER
63 produced • value $275K to $400K (add for race history)
1970-’72 ZR1
53 produced • value $125K to $200K (few exist)
1971 LS6
188 produced • value $125K to $200K (not hard to find)

Footnotes:

  1. must be the real deal… not fakes or frauds
  2. Colors (Black) adds a lot… must be factory original body/trim tag
  3. Original documentation, history, and Bloomington/NCRS show awards adds a lot
  4. Original rare options adds a lot (set of Kelsey bolt-on wheels & red stripe tires sold on eBay in ‘06 for $33K)
  5. Original, unrestored in excellent condition adds a lot.
  6. Caveat Emptor (Buyer Beware). We are adrift in a sea of sharks disguised as mermaids.
  7. When it is time to sell… be a smart seller. High-profile events like the Barrett-Jackson and Mecum Muscle Car auctions will get you more money for your car than newspaper and trade publication advertisements. Plan ahead if you’re considering selling your baby: seek good lot numbers (pay a premium if you must) and baby-sit your car during the event to answer questions and show pride in your car – it is a reflection of you, and people simply pay more if they like the seller.
  8. A-E Equals an overall package and desirables.

So what do you think? Given an unlimited bank account and the availability factor, which of these ten Corvettes would you covet if the opportunity presented itself? Leave a Comment (below) and let us know.

Sources:
tMichaelis Corvette Perspective

Related:
Appreciating Corvettes: Top 12 Price Gainers of 2007
Auction Results: [VIDEO] 1953 Corvette Sold for $261,800

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1953 Corvette Roadster

Today we conclude our annual Corvette pricing series by taking a look at the Corvette generational pricing highlights of 2007. The years continue to be good for Corvette owners. Nearly all Corvettes from 1953-1982 are showing appreciation. Many C4 Corvette models have turned the corner and are beginning to show modest increases. And finally, depreciation is happening where it should – the C5 and new C6 corvettes.

1953-1962:
This generation is the appreciation trend leader for the Corvette resale market. Appreciation results are from +6% to +192% – quite a range. At 6% there was the 1961 model at an average price of $44,000. Most of the first generation Corvette information was covered in the appreciation overview. We expect these models to continue as the appreciation leaders in 2008.

1963-1967:
The mid-years will always be a popular series with the Corvette enthusiast. The unfortunate results of this popularity is that they are becoming out of purchase range for the average Corvette buyer. The appreciation range was between +6 – +19% with several models in the 6% column. The 1964 Coupe continues as the entry level for this series at an average price of $33,500 and shows a 6% appreciation factor.

1968-1982:
The average price range for this generation was from $9,200 (1978 T-Top) to $27,900 (1969 Roadster). The appreciation range reflected from a position of ‘No Change’ to +17% as shown on our chart. Only one model reflected depreciation, the 1982 Collector at an average price of $18,000 that reflected a (-4%) change.

1984-1996:
In this category, excluding the Grand Sport models, seventeen of the models are showing appreciation numbers in average price of +1% to +9%. An example of this group at +9% was the 1990 ZR1. In the negative department, the range was (-1%) to (-13%) where the (- 13%) depreciation representative was the 1987 Roadster. Average prices spanned from $8,700 (1984 Coupe) to $41,700 (1995 ZR1).

1997-2004:
The prices of the early models in this generation (1997-2000) were below the $20,000 mark. At these kinds of prices one buys a considerable amount of Corvette performance, handling, technology and comfort and convenience features. These may become the entry level Corvettes for first time buyers. None have yet been identified as showing appreciation, however the 1999 first year Hard Top is showing a (-6%) depreciation factor rather then double-digits at $17,900.

2005-2008:
The Coupes in this series are showing single-digit depreciation of (-6%) to (-9%). The 2006 Roadster and 2006 Z06 are at (-10%) and (-11%). If past history is any indication, we expect all models to reflect double-digit depreciation during this year.

Order the 2008 Corvette Price Guide

2008 Corvette Price GuideThe 2008 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 2007′s top 10 depreciating Corvettes. 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:
Depreciating Corvettes: Top 10 Price Declines of 2007
Appreciating Corvettes: Top 12 Price Gainers of 2007
2008 Corvette Price Guide: 1953 Corvette Values up 192%

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Depreciating Corvettes: Top 10 Price Declines of 2007

by Keith Cornett on February 21, 2008

2001 Corvette Z06

Yesterday we shared an analysis of the 2008 Corvette Price Guide in respect to the Top 12 price gainers of 2007. Today we look at the other end of the spectrum to detail the Corvettes with the highest declining vales. We are fortunate that despite a roller coaster economy, depreciation is hitting Corvette exactly where it should be – The C5 Corvette. It should not come as a surprise to see the fifth generation Corvettes holding all ten positions. The norm for newer Corvettes is to reflect double-digit depreciation for some years, followed by single-digit depreciation for several more years and finally cross over in the appreciation area.

Here are the top 10 Corvettes with the highest depreciation values:

Top Depreciation Models
Year Make % Change Average Price
2001 Z06 -20% $23,000
1998 Roadster -18% $19,200
2002 Z06 -17% $27,000
1998 Coupe -17% $17,000
1999 Coupe -16% $18,500
2002 Roadster -15% $27,500
2002 Coupe -14% $24,000
2003 Z06 -14% $31,000
2004 Z06 -14% $33,500
1999 Roadster -14% $21,300

More analysis of the Top 10 Price Declines of 2007 follows the jump.

One surprise on the depreciation list is the C5 Z06. Up until this year, the C5 Z06 Corvette was a bit more insulated from double-digit depreciation due to its performance characterizes and lower production numbers, but that appears to have changed now that the C6 Corvette has been on the street for what is now its fourth year.

Virtually all of the C5s showed double-digit depreciation last year. We expect the early models in the series to drop to single-digit depreciation this year. The Z06s were most notable on the chart. As stated before, they don’t provide ‘open’ cabin driving. From a horsepower perspective, the standard sixth generation Corvettes are comparable.

Following the C5 Corvettes on this list are the 2005-2006 Corvettes which show a depreciation range of -9% to -12%.

The late C4 Corvettes (1992-1996) are slowing in their depreciation with several models starting to turn the corner. We are seeing all but one year of the c4 ZR-1 Corvettes in positive territory now.

The C3 Corvette generation is really starting to mature despite the lack of performance options later in the run. Only two model years, the 1976 and 1977 have an average price under $10,000, The 1979 Corvette is a no change despite having the second highest production in the history of Corvette. In fact, the only C3 Corvette to decline in value is the 1982 Collector’s Edition Corvette which is down slightly at -4%. The regular 1982 Corvette is a no change.

Finally, what’s amazing about Corvettes from an investment perspective is that every Corvette from 1953 through 1978 shows an appreciation in their values. That is 25 years of Corvettes that are increasing in value!

Order the 2008 Corvette Price Guide

2008 Corvette Price GuideThe 2008 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 2007′s top 10 depreciating Corvettes. 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 12 Price Gainers of 2007
2008 Corvette Price Guide: 1953 Corvette Values up 192%
Appreciating Corvettes: Top 12 Price Gainers of 2006

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Appreciating Corvettes: Top 12 Price Gainers of 2007

by Keith Cornett on February 20, 2008

1996 Corvette Grand Sport Roadster

The 2007 ‘Corvette’ calendar was quite interesting in many ways. We particularly noted record prices for quality, documented first and second generation Corvettes. More and more of these models have been restored and brought to market, many with NCRS certification and Bloomington Gold Awards in tow. These vehicles continue to sell at top dollar while those termed in ‘average’ condition are showing somewhat positive results, however not in the double digit appreciation results we have see over the past few years.

Rare low production numbered Vettes continue to sell at record prices including late models. A classic example is the 1996 Grand Sport holding the #2 spot on our appreciation chart.

Data from the Corvette 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.

Top Appreciation Models
Year Make % Change Average Price
1953 Roadster 192% $316,250
1996 GS Roadster 50% $65,000
1955 Roadster 38% $81,000
1954 Roadster 30% $65,750
1963 Coupe 19% $49,900
1969 T-Top 17% $23,600
1996 GS Coupe 14% $38,200
1958 Roadster 13% $52,000
1969 Roadster 12% $27,900
1956 Roadster 11% $54,500
1967 Roadster 11% $58,200
1971 Roadster 11% $26,000

More analysis of the Top 12 appreciating Corvettes after the jump.

The 1953 Corvette has shown astronomical results and was the hot ticket during 2007. Normally one or two surface each year, 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 Roadster and 810 Coupes. We noted a number sold with mileage numbers under the 300 mark.

The 1955 Corvette, another low production Corvette with only 700 built holds down the number three spot on the chart.

Much to our surprise, the 1954 model is caught up in the 1953 Corvette hype and has become a ‘tag-along’. However, in defense of the 1954 Roadster’s appreciation, we note that it does offer three rare factory paint colors, Black, Red and Blue.

The popularity of the first generation continues with the unique body panels and trim of the 1958.

The 1956 model, which follows in the Top Ten sequence for appreciation, was the first to offer an eight cylinder motor coupled with a manual transmission.

Two mid-year Corvettes are listed on the chart as well, the 1963 Coupe had been undervalued in recent years even though the split-window continues to draw special attention to this Corvette.

The mid-year icon, the 1967 Roadster, also makes a repeat appearance on this list. When one mentions mid-year Corvettes those words are usually followed by, “is or was it a 1967 Corvette”.

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.

Order the 2008 Corvette Price Guide

2008 Corvette Price GuideThe 2008 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 2007′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:
2008 Corvette Price Guide: 1953 Corvette Values up 192%
Appreciating Corvettes: Top 12 Price Gainers of 2006

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2008 Corvette Price Guide: 1953 Corvette Values up 192%

by Keith Cornett on February 19, 2008

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.


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

Related:
Video: Matched Set of 1953/2003 Corvettes sell for $390,500
Auction Results: [VIDEO] 1953 Corvette Sold for $261,800
Gathering Pricing Knowledge

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Corvette Values: 1966 Convertible Project Car

by Keith Cornett on February 12, 2008

1966 Corvette Convertible Project Car

One of the most frequent questions we are asked is about the pricing of project Corvettes. These are cars defined as non-running and in many cases they may contain damage and rust to the body and frame. Placing a valuation on a project car is done for the most part just as you would do a running Corvette: determining the condition, options and documentation. However, emphasis should be placed on the condition of the Corvette as well as surveying the car’s current components and determining what, if any parts may be missing. And of course the question you should always ask whether the Corvette is a project or NCRS Top Flight is about documentation, because a project car with documentation will always be more valuable than one without.

Having said that, we were contacted by KR in Kansas who inquired about the value of his 1966 Corvette Convertible that hasn’t run in over 15 years.

1966 Corvette Convertible, VIN 194676S113XXX. Nassau Blue with black vinyl interior. 4-speed transmission. The Corvette has a replacement, non matching numbers 327-300 hp block with the original engines heads, intake and carburetor. 61,553 miles are shown on the car. The engine hasn’t run since 1993. The body has several problem areas. Clock is missing but most other parts are either still on the car or stored with it. No documentation.

Find out how we valued this Corvette after the jump.

The VIN # indicates it was built in February 1966, midway through the production year. The mileage of 61,553 is stated as correct by the owner of the vehicle.

This 1966 Roadster is Nassau Blue in color and the paint can be considered as being “marginal.” The fiberglass body panels need minor repair in several areas, however, they have not been modified.

The frame of the Corvette has surface rust partially due to not being driven and sitting in a non-heated storage facility since 1979.

The bumpers and wheel covers are original, but not on the vehicle. The tires definitely need replacing.

This Corvette Roadster is powered by a non-original 327-300 motor. The original motor threw a rod through the side of the block. The replacement motor has the original heads, intake manifold and carburetor from the original motor. The original radiator was removed but is available. The engine has not been run since 1993. It is coupled with a 4-speed manual transmission with the correct shifter.

The interior of this 1966 Roadster is the standard Black vinyl. The instrument panel is missing the clock and will require minor repairs. The door panels and seats can be considered in acceptable condition.

This 1966 Corvette Roadster has the optional removable hardtop that is in place.

Bottom Line: The Corvette will take a considerable amount of work to become roadworthy. In addition to the motor not running and the radiator not being in place, the brakes will need to be completely redone as well as the electricals.

As this 1966 Corvette Roadster sits today, we place a value of $20,000 on it. In today’s market, one in average condition will command a price in the mid-forty’s.


Source:
VetteFinders.com Corvette Appraisals

Related:
When a Matching Numbers Corvette is Anything But…

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