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Corvette Values: 1961 Corvette Roadster

by Keith Cornett on September 2, 2008

1961 Corvette Roadster

RD in New Jersey submitted his 1961 Corvette Roadster to Corvette Values:

1961 Corvette Roadster, VIN 10867S106XXX. Original dual quad 283 ci 245 hp engine, 4-Speed transmission, Fawn Beige with Fawn Beige interior. Auxillary hard top and Fawn Beige soft top. 11,468 miles since restoration in 1999. Corvette is in average street driven condition with paint and fiberglass termed as “good”. The interior’s vinyl seating is also in good condition. All original with no body or engine modifications. No documentation.

Find out how we valued this Corvette after the jump.

1961 Corvette Roadster 1961 Corvette Roadster 1961 Corvette Roadster

The VIN indicates this vehicle was built in March, 1961, well into the 1961 production year. Any factory modifications or engineering changes would have been included during the assembly of this Corvette.

This Corvette Roadster is Fawn Beige in color. There were 1,363 Corvettes painted this color during the 1961 production year. The Fawn Beige paint was unique as it was only available for two production years, 1961 and 1962. The paint can be termed in good condition.

This paint is complimented by a matching Fawn vinyl interior. This interior is in original presentable condition.

The chrome bumpers and bright trim are termed in average condition.

The Corvette is powered by the original 283-245 dual carburetor motor. This motor was one of the optional motors offered in the 1961 production year. It, too, was unique as 1961 was the last year Corvette would offer a desirable optional motor with dual carburetors. The motor is coupled with an optional 4-speed manual transmission with the correct shifter and linkage.

Additional options include the removable hardtop, a neat feature for the winter months and inclement weather.

This Corvette is all ‘stock’ with no body or interior modifications. The wheels have the correct wheel covers and the tires are in good condition.

The owner reports this Corvette was restored in 1999. It has excellent ‘curb appeal’.

We place a value of $53,800 on this 1961 Corvette Roadster. Adding to its value is the one and two year appreciation factor in average price for a 1961 Corvette. The one year appreciation is 6% and the appreciation over a two year period is 15%.


Corvette Appraisals:
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Source:
VetteFinders.com Appraisal Service
Related:
Corvette Values: An Unrestored 1967 Corvette Roadster
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2008 Corvette Pace Cars Now Discounted with Employee Pricing

One of the most successful incentive programs offered by GM is now back and the good news is Corvettes are included. Employee pricing for everyone runs through September 2nd and Corvette buyers can save a significant amount on 2008 Coupes, Convertibles and the Z06.

Usually Corvettes are excluded from most of GM’s incentive programs but due to the number of 2008 Corvettes available on dealers lots – 5,854 as of yesterday – the General wants them sold to make room for the 2009 Corvettes now rolling off of the Bowling Green Assembly line.

The discounts are fairly significant too. In the case of the 505 horsepower Z06 where base prices start around $72,000 the discounts can be close to $10,000 off!

Our friends at Kerbeck Corvette only have a few 2008′s left including a Black Z06 and a Indianapolis 500 Pace Car coupe so if you want to get in on the discounts you better give Dave and the gang a call immediately at 1-877-537-2325. Make sure you tell them CorvetteBlogger sent you!


Sponsored by:
Kerbeck Corvette

Related:
July 2008 Corvette Sales

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1962 Gulf Oil Corvette

One of the most dominating Corvettes in auto racing history was sold over the weekend at Gooding & Company’s Pebble Beach Auction for an astounding $1.485 million. Grady Davis’ Gulf Oil Racing Team purchased the Corvette in 1962 from Yenko Chevrolet and the car was campaigned by none other than “The Flying Dentist”, Dr. Dick Thompson in the 1962 SCCA-A Production Class. In 14 races, the Gulf Oil ’62 Corvette finished first in class 12 times including wins at Daytona and Sebring and captured the 1962 A-Production Championship.

The Corvette was sold at the end of the 1962 season to Tony Denman who successfully raced the car throughout 1963, finishing second in class at Daytona while battling against newer Corvettes, Ferrari GTOs and Porsches. At the end of the 1963 season, Denman removed most of the high performance racing parts in order to sell the car as a typical street Corvette.

Almost 20 years later, the Corvette was discovered by the Rev. Mike Ernst who found the Corvette, now painted red, being driven by a college student who was using the Corvette as a daily driver. In researching the Corvette, Ernst found the car came with the rare and highly sought after RPO 687 package which includes the heavy duty brakes, suspension and steering. The Corvette also had a 37-gallon fuel tank which was common for RPO 687 Corvettes that were raced at the time.

Ernst began restoration of the 1962 Corvette in the early 1980′s. The disassembly and paint-stripping process revealed the car to be none other than Dick Thompson’s 1962 Gulf Oil Corvette. Ernst was able to track down Tony Denman who had stored most of the high performance racing parts from the Corvette in his parent’s garage before selling them in 1979. With Denman’s assistance, Ernst tracked down the buyer of the parts and bought them back, reuniting them with the Corvette in May of 1985.

Among the list of parts were Stewart Warner gauges, roll bar, some of the Yenko extra-heavy-duty suspension pieces, aluminum bell housing, separate scatter shield, engine block, cylinder heads, exhaust manifolds, Posi-Traction units, ring and pinions and various hardware. After these racing parts were reassembled, the Corvette was painted its original Ermine White and Blue livery and became the first recipient of the NCRS American Heritage Award.

The 1962 Gulf Oil Corvette returned to the track and raced at Laguna Seca and Palm Springs. It was shown at the Carlisle of Corvettes Racer and Race Car reunion and in 2002 underwent a complete restoration by Doug Prince and Jerry Roman.

In 2005, the Corvette was inducted into the Bloomington Gold Hall of Fame and was displayed at the Petersen Automotive Museum and was shown at Corvette’s 50th Anniversary Celebration.

Last year the Corvette underwent another restoration by Kevin Mackay of Corvette Repair in New York.

The 1962 Gulf Oil Corvette features a number of astonishing details including an original Motorola two-way radio, allowing car on-course-to-pit communication. It’s believed to be the first use of such equipment in a race car. Other details include correct Koni shock absorbers, finned heavy-duty brakes, painted steel wheels wearing period-correct Goodyear tires, enormous fiberglass scoops for brake cooling. The driveline reveals its content to consist of original date-stamped parts, including the original matching-numbers engine.

The Corvette is highly documented with a collection of publications that featured articles about the race car and an extensive collection of photos from its racing days. In addition to its NCRS and Bloomington Gold certificates, a bill of sale from Yenko Chevrolet to Grady Davis is also included.

1962 Gulf Oil Corvette 1962 Gulf Oil Corvette 1962 Gulf Oil Corvette
1962 Gulf Oil Corvette 1962 Gulf Oil Corvette 1962 Gulf Oil Corvette
1962 Gulf Oil Corvette 1962 Gulf Oil Corvette 1962 Gulf Oil Corvette

Gooding & Company estimated the sale of the Gulf Oil Corvette would bring between $950,000 – $1,250,000. When the gavel dropped on Saturday, August 17th, the final price was $1,485,000, well above the presale estimates. With its winning pedigree in FIA sanction events which included the 1962 Daytona and Sebring races, the 1962 Gulf Oil Corvette is eligible for any international FIA historical events including the LeMans Classic 24 and Goodwood Revival races.


Source:
Gooding & Company Related:
Racing Fans – Buy Your Own Corvette C6.R Racecar Technorati Tags:
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Friday’s Featured Corvettes for Sale

by Keith Cornett on August 15, 2008

2007 Corvette For Sale

Here we go with another round of Friday’s Featured Corvettes for Sale. We are closing in on the end of Summer and it’s a buyer’s market for Corvettes. You’ll find the greatest selection of new, pre-owned and classic Corvettes at VetteFinders.com, the Internet’s original Corvette classifieds website.

The beautiful C1-C6 examples you see here are just a sample of the 500+ Corvettes available now. Want to learn more? Click on the photo or link to read the full ad, view more photos and contact the seller.

1955 Corvette Convertible For Sale 1966 Corvette Convertible For Sale 1980 Corvette Coupe For Sale
1955 Convertible
Email for Price
1966 Convertible
$35,000
1980 Coupe
$21,900
 
1994 Corvette Convertible For Sale 2003 Corvette Convertible For Sale 2007 Corvette Coupe For Sale
1994 Convertible
$20,000
2003 Convertible
$39,765
2007 Coupe
$43,900

Selling Your Corvette? Now is the time and VetteFinders.com is the place to reach more qualified Corvette Buyers. Corvette Classified Ads are only $25 and run for 3 months. You can post unlimited photos and you have access to make any changes at any time.


Source:
VetteFinders.com

Related:
When Corvettes Go Bad: 1964 Corvette 4×4 AMC

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The 2009 Corvette ZR1

We know they like to do things big in Texas, but one Chevrolet dealer in Houston has gone all out by pricing a 2009 Corvette ZR1 on eBay for $185,000. With a retail price listed at $115,000 with options, that’s $70,000 over MRSP. We’re trying to call in to Suze Orman’s show for her advice but I have a feeling I’d hear that shrill voice scream out “I Don’t Think So!”

Mac Haik Chevrolet has the 2009 Corvette ZR1 listed on ebay until April 14th with a “Buy It Now” price. The description says the Corvette will be delivered to the dealer in mid-September and the color is black on black. Since the MSRP is listed at $115,000 we’re assuming it has premium 3ZR option package.

Mac Haik Chevrolet isn’t alone in agressively pricing their 2009 Corvette ZR1s for ebay. Two other Texas dealerships have their ZR1s listed at prices above $150,000 as well. Frank Parra Autoplex has one listed for $167,000 while Don Hewkett Chevrolet has their “buy it now” priced at $158,000.

Dealers are certainly entitled to sell the Corvette ZR1 for what they think they can get for it, however when going the eBay route we prefer to see pricing starting at MSRP and then let the market set the sales price. Dealers can still protect themselves with a reserve. However, this process of super high “buy-it-now” take-it-or-leave-it pricing is a bit unseemly and reinforces the “we’re out to screw consumers” image that most dealers work so hard to avoid.

Jut my two cents. I could be wrong…


Source:
eBay via Jalopnik

Related:
[VIDEO] Man Asks Financial Guru “Can I Afford a Corvette ZR1?”
Corvette ZR1: GM Releases Official Pricing
[VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million

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The Suze Orman Show

Flipping through the channels over the weekend, I came across this little gem on a cable tv show. A viewer named Dan calls into The Suze Orman Show on CNBC and asks the financial diva if he can afford to buy the 2009 Corvette ZR1. In this same segment, Orman approves a $6,000 ring and a pair of $900 high heel shoes so why not grant Dan “the man” his dream car? But before Judge Orman rules, Dan has to present an overview of his finances. Watch the video after the jump.

Dan, seriously…calling into a financial talk show and asking permission to buy your dream car? Do what you want to do, and good luck finding a Corvette ZR1 at $120,000.


Source:
CNBC

Related:
Corvette ZR1: GM Releases Official Pricing
[VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million

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GM Offering 0% Financing on 2008 Corvettes

by Keith Cornett on August 1, 2008

The 2008 Corvette Z06

We knew it was coming and GM didn’t let us down. As soon as the 2009 Corvettes started hitting dealer showrooms, GM has announced a 0% financing offer on all new 2008 Corvette models including the Z06. This is a great opportunity for buyers to save thousands of dollars on interest payments as well as help dealers clear excess inventory to make way for the 2009 models.

The 0% financing offer goes into effect this weekend with terms up to 48 months for coupes and Z06 and 60 months for convertibles. A quick check of Jeff Hardy’s website shows the remaining 2008 Corvettes broken down as of yesterday to be:

  • 3,947 Coupes
  • 1,841 Convertibles
  • 1,704 Z06s.

If you’ve been waiting for a traditional model year end rebate, you’re in luck. Those that jump the quickest will have the greatest selection of 2008 Corvettes to choose from and the special offer expires on 8/19/08. Visit our friends at Kerbeck Corvette and Dave and gang will get you into the Corvette of your dreams.


Source:
GM.com
JeffHardy.com

Related:
June 2008 Corvette Sales

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When Corvettes Go Bad: 1964 Corvette 4×4 AMC

by Keith Cornett on July 30, 2008

1964 Corvette 4x4 AMC

Fate sure dealt a hand to this 1964 Corvette convertible. The car was the unfortunate target of a custom conversion back the 80′s which saw the Sting Ray’s body mated to a Jeep 4×4 chassis. To add insult to injury, the Corvette is now powered by an AMC V8 instead of its trusty Chevy 350. But who are we to judge a car on its minor imperfections. It hasn’t stopped the ebayers as the Corvette has 15 bids with the high bid at $4500. Shows that you can slap a Corvette on just about anything and it will sell.

1964 Corvette 4x4 AMC 1964 Corvette 4x4 AMC 1964 Corvette 4x4 AMC

The Corvette is being sold as a parts car as it has no title. But the seller claims the VIN and trim gags are intact in case you wanted to try. I was somewhat surprised to see a mid-year convertible top. The interior is fairly stock but in pretty rough shape. I don’t ever see this Corvette being returned to former glory.

The eBay auction closes Thursday, July 31st. The $4,500 high bid appears to have surpassed the reserve price.


Source:
eBay

Related:
Corvette Summer Dream Turns Into Nightmare

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The first 2009 Corvette ZR1 rolls off the assembly line

Chevrolet Dealer and Corvette Collector Dave Ressler was in Bowling Green yesterday to accept delivery of the first retail 2009 Corvette ZR1. Ressler is well known for buying the 6.2 liter supercharged Corvette at January’s Barrett-Jackson Collector Car Auction for $1 million. The special one of a kind Corvette features a unique VIN and will be the only one painted LeMans Blue.

Ressler was in the driver’s seat as the Corvette rolled off the assembly line. Next to him was his 10 month old grand daughter named Ayden Lynn who honked the horn a couple times during the event. The Corvette had a personalized license plate that read “Ayden Lynn” and Ressler referred to the ZR1 several times as his “granddaughter’s car”.

Back in January during the Barrett-Jackson auction, it was very much apparent that Ressler intended to be the high bidder of the Corvette ZR1, raising the bids in $100,000 increments and then sealing the deal at $900,000 by raising his own bid an additional $100,000 to make the gavel fall at $1 Million dollars.

The amount of money over the MSRP, estimated to be at $103,300 – $117,000 depending on options, will go to the United Way of Southeast Michigan.

After the Corvette was performance tested, it was parked outside the Bowling Green Assembly Plant next to Ressler’s other well-known Corvette, the #003 1953 Corvette which, coincidentally, he paid $1 Million for at the Barrett-Jackson Scottsdale auction back in 2006. “I’m proud to have the oldest Corvette along with the newest, best ‘Vette yet,” said Ressler.

Ressler plans to have the Corvette ZR1 trailered back to his home in Bozeman, Montana and put in his museum, where he already has 45 other Corvettes.

Sources:
WBKO.com

Related:
[VIDEO] Barrett-Jackson 08: 1st 2009 Corvette ZR1 Sold for $1 Million
#003 1953 Corvette Sells for 1 Million Dollars

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Is Chevy Preparing to Sell Corvettes in China?

by Keith Cornett on July 21, 2008

Corvettes for sale in China?

This black C6 Corvette was recently spotted outside China’s National Department for Automotive Quality, the agency that reviews automobiles and decides whether or not they will be allow for sale in the People’s Republic. With China’s booming economy and burgeoning middle class, not to mention the fact that China will at some point become the world’s single largest market for automobiles, establishing a foothold for America’s iconic sports car only makes good business sense for GM.

One of the hurdles that Corvette will have to overcome is that Chevrolet is knows as a bargain brand in China much like Daewoo is in the US. GM sells the Corvette as a standalone brand or paired with Cadillac and Hummer in much of the world so this shouldn’t be much of an issue.

I’m not too up on my Chinese automotive trivia, but are their roads (and cars) right hand drive or left? If you know, please leave a comment.


Source:
ChinaCarTimes.com via Jalopnik

Related:
Japan’s Special Edition Corvette: The Corvette S-Limited Technorati Tags:
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