The monthly sales figures were released by General Motors last week and Corvette sales dipped to its lowest number in seven months. In August, there were 936 Corvettes sold, a decline of -17.5% over the 1,135 Corvettes sold during the same month in 2010. For the year, Corvette sales continue to run 5% ahead of 2010 with a total of 9,123 Corvettes sold during the 2011 calendar year.
Last night the 1969 ZL-1 Greenwood Stars and Stripes Corvette that was campaigned at Sebring, Daytona and Le Mans crossed the auction block at RM’s Monterey auction. Early estimates of what this Corvette would sell for proved to be way off when the hammer dropped at $580,000.
This is a big weekend for car auctions as most of the major auction houses are descending on Monterey, California for a weekend full of classic and collector car sales. Although fairly new to the Monterey scene, Mecum Auctions has a full slate of cars ready to be sold during their Monterey Daytime Auction which kicks off on Thursday and runs through Saturday. On the Mecum sales docket are 42 Corvettes that are ready for new homes and several of these Vettes are worthy of a closer look.
RB in Indiana submitted this 1974 Corvette to Corvette Values:
1974 Corvette Convertible, VIN #1z67j4s427XXX. Painted Dark Red (original) with dark red leather interior and a white convertible soft top. Matching numbers L-48 350ci/195hp engine, automatic transmission, 79235 original miles, power steering and brakes, air conditioning, power windows, auxilliary hard top and luggage rack. Paint and mechanicals in good/average condition, no documentation but have owner history.
Find out how we valued this Corvette after the jump.
GM released July’s sales report yesterday and we continue to like what we see. Sales of Corvettes remained steady at 1,291, just nine less than June’s total of 1,299. The July 2011 figure is also 7.7% better than the 1,199 Corvettes sold in July 2010. For the calendar year to date, Corvette sales are pacing 8.4% higher than 2010 with a total of 8,187 Corvettes sold January-July.
Article contributed by Steve Burns
The crew from Mecum Auctions rolls into the Iowa State Fairgrounds in Des Moines, IA this weekend for a 2 day event. As of this writing, over 230 cars were listed on the docket. Roughly 10% of those are Corvettes. Discovery’s HD Theater will provide 4 hours of live coverage each day from the event. Checkout some of our faves being offered this weekend after the jump.
Here’s a Corvette that had its 15 minutes of fame in television history. For sale on eBay is the 1984 Corvette that was driven by Templeton ‘Faceman’ Peck of the A-Team series. It was the only Corvette used during the show’s 1983-87 run and featured a custom red stripe that went around the entire car. The Corvette is documented with registrations from Stephen J. Cannell’s production company as well as two empty blank shells found under the passenger seat.
In 1971 Corvette racer and race car builder John Greenwood was approached by BF Goodrich tires to campaign two Corvettes competing on the company’s new Lifesaver Radial street tires. Three BFG Corvettes, wearing numbers 48, 49 and 50, were built for the campaign in FIA-sanctioned races including Le Mans, Daytona and Sebring. Featuring ZL-1 racing engines and the patriotic stars & stripes livery, the BFG Corvettes were an instant hit with the fans as Greenwood’s Corvettes were the loudest and proudest at the track. One of the BFG Corvettes, the #49 car, will be one of the featured cars for sale at RM Auction’s Monterey event in mid-August.
June is the traditional model year start for the Corvette and last month the new 2012 Corvette began rolling off the Bowling Green assembly line. The start of production of the 2012 model year singled the end of 2011 models and the final count of Corvette’s produced last year was 13,596 – an 11.5% increase over 2010′s 12,194 production total.
In June 2011, 1,299 Corvettes were delivered to new owners. That was -7.5% off the June 2010′s Corvette sales, which saw an increase in sales due to the introduction of the Grand Sport models. For the 2011 calendar year, Corvette sales are up 8.5% to 6,896. Last year’s numbers for the same time period were 6,355.
Article and photos contributed by Steve Burns
The atmosphere at this year’s Bloomington auction was interesting. The tent was generally full of bidders and spectators all weekend. Surprisingly, though, bids were hard to come by at times. This can be seen in the numerous cars that sold for less than $10,000. On the flip side of this were the high-end cars. The 1971 ZR2 opened and bidding promptly stalled at $400k. A few moments later the bid was raised to $410k, the reserve was lifted, and the ZR2 was off to its new home.