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Marketplace

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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March 2009 Corvette Sales

by Keith Cornett on April 2, 2009

In keeping with our “glass is half full” optimism regarding monthly Corvette sales, we are happy to report that the March 2009 sales report released by GM yesterday shows the third straight month of growth for 2009 in new Corvette deliveries. In March 2009, 1,183 Corvettes were sold which was a 15% increase over February’s 1,027 deliveries and was 41% higher than the 842 Corvettes sold in January 2009.

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Corvette Values: 1972 Corvette Roadster with a 454ci V8

by Keith Cornett on March 30, 2009

1972 Corvette Roadster

JH in New York submitted this 1972 Corvette Roadster to Corvette Values:

1972 Corvette Roadster, VIN # 1Z67W2S517XXX. Matching numbers LS5 454 ci V8 with 270 horsepower, automatic transmission, 48,100 miles. Factory air conditioning, power steering, power brakes, tilt-telescopic steering column. Exterior is in good condition and painted Steel Cities Gray. The chrome bumpers are in excellent condition as well as the black leather interior. No documentation.

Find out how we valued this Corvette after the jump.

1972 Corvette Roadster 1972 Corvette Roadster 1972 Corvette Roadster

1972 Corvette Convertible, VIN # 1Z67W2S517XXX. The VIN indicates this Vette was built in April, 1972, the ninth month of the 1972 production period. This late production date indicates that any engineering changes or modifications were most likely included in this Corvette.

The mileage is reported to be 48,100 which is stated as original. This is quite a low number considering this Corvette was built 35 years ago.

This 1972 Convertible is powered by the original matching numbers 454-270 motor that is coupled with an automatic transmission. The 454 motor can be termed rare with only 14% of the buyers opting for this high performance motor option during the 1972 production.

The exterior is Steel Cities Gray in color and is combined with the Black leather optional interior. The paint and interior are both in good condition. The chrome bumpers are in excellent condition. It is equipped with several desirable options including power steering, power brakes, tilt-telescopic steering column and A/C.

In establishing an appraised value for this 1972 Corvette Convertible, many factors have been considered. First, the paint is unique and not a common color seen today despite the fact that 2,346 Corvettes were painted this color in 1972.

Second, the original matching numbers high performance motor was desirable. Adding to this Vette’s drivability was the addition of power steering and power brakes, the tilt and telescopic steering column as well as A/C. This is a nice combination of features.

Third, the original low mileage is a very positive factor in the value.

Taking all these factors into consideration, the appraised value of this 1972 Corvette Convertible is $35,800. Of further interest is the one-year appreciation factor of 5% in average price for this model Corvette.


Corvette Appraisals:
With rapidly changing Corvette values, 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: 11-mile 1978 Corvette Pace Car
Corvette Values: 1978 Corvette Pace Car
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1964 Corvette Miss Mako Convertible

While many dealers are offering special deals and financing to help sell Corvettes during this sluggish economy, leave it to Proteam Corvette’s Terry Michaelis to offer a real incentive to save on 36 Corvettes. Dubbed the Stimulus Sale, Proteam has dropped the prices significantly on a number of Corvettes in their inventory and we’re not just talking about junk. On the list are fuelies, big blocks, matching numbers/Bloomington Gold examples and the savings are as much as $50,000.

Here are a few examples from Proteam Corvette’s Stimulus Sale:

1967 Corvette Coupe 1967 Corvette Coupe T1967 Corvette Coupe

146X..1967 Corvette Coupe, 327-300 hp, 4 speed, numbers match with the original factory body/trim tag, three owner car. Marlboro Maroon paint with Black interior. Very nice older paint (showing minor patina) with a mostly original interior in very nice condition reflecting 40 years of exceptional care. Newer chrome, brakes, exhaust, and tires. Optioned with factory side exhaust, 3.36 posi, SS brakes, tinted glass, B.O. aluminum wheels, and red stripe radials. Most all factory correct type components including the jack, jack tools, seat belts, washer system, shifter, shielding, air cleaner, and T-3 headlights. Documented with the tank sticker (still on tank). Just in from Arizona. Looks, runs, and drives excellent. CC:2/+3 Regularly priced at $69,995 – Now $49,998. Click here to view more


1960 Corvette Convertible 1960 Corvette Convertible 1960 Corvette Convertible

186Z..1960 Corvette Convertible, 283-230 hp, (2×4′s), 3 speed, numbers match. Ermine White paint with Silver coves, Red interior, and White soft top. Body-on restored with newer paint, interior, top, chrome, stainless, and exhaust. Multiple award winning car. Optioned with Wonderbar radio, dual fours, aluminized exhaust, sunvisors, windshield washers, courtesy light, heater, hubcaps, and 6.70×15″ wide white tires. Most all factory correct type components including the spare, jack tools, trunk mat, trunk liner, rebound straps, seat belts, washer system, shifter, shielding, air cleaner, generator, carbs, fuel filter, owners manual, sales brochure, and T-3 headlights. Documented with show awards, GM manuals, owners manual, assembly manual, NCRS judging manuals, and a box of related receipts and registrations. Also editorialized by Vette Vues magazine. Three owner car that looks, runs, and drives excellent. CC:2/+3 $69,995 – Now $55,000. Click here to view more


1955 Corvette Convertible 1955 Corvette Convertible 1955 Corvette Convertible

273Z..1955 Corvette Convertible, 265-195 hp, powerglide, numbers match. Gypsy Red paint with Ivory/Red stitched interior and Beige soft top. One of 180 produced of the total (700) in Gypsy Red in 1955. Body-off restored in show condition. NCRS Top Flight certified, Bloomington certified, many best in show and concours awards. Showcased at Bloomington Gold and Corvettes at Carlisle in 2005. Editorialized by Corvette Fever and Corvette Enthusiast magazines. Optioned with powerglide, Wonderbar radio, e-brake warning light, windshield washers, courtesy lights, heater, dual mirrors, hubcaps, and 6.70×15″ wide white tires. Most all factory correct type components including the spare, jack, jack tools, floor mats, trunk mat, trunk liner, side windows, side window bags, rebound straps, spiral shocks, washer system, tar top battery, shifter, shielding, braided wires, air cleaner, generator, hood pop-ups, coil cover, guide Y-50 mirrors, owners manual, and sales brochure. This is an opportunity to own one of the best 1955 Corvettes in the world. Looks, runs, and drives excellent. CC:1 $169,000 – Now $138,000. Click here to view more


1964 Corvette Miss Mako Convertible 1964 Corvette Miss Mako Convertible 1964 Corvette Miss Mako Convertible

1009A..1964 Corvette Miss Mako Convertible, two tops, fuel injected 350 with parade friendly automatic, factory original body/trim tag. Custom Dark Blue replica painted to emulate one of nature’s most feared creatures, the “Mako Shark”, of which, the original multi-million dollar Mako Shark is owned by the GM Heritage Collection. Miss Mako is a one-of-a-kind feminine replica of Bill Mitchells’ original Mako Shark I concept car. Mr. Mitchell caught a Mako shark while he was shark fishing and it sparked the idea in him to style the next Corvette after the sleek and speedy fish. Internationally famous Miss Mako toured the USA over a two year period covering over 80,000 miles raising money for local charities at national Corvette and car shows cementing its place in Corvette folklore. Optioned with unique Mako Shark side exhaust, power steering, power brakes, auxiliary hardtop, AM/FM stereo cassette radio, back-up lights, seat belts, polished American torque thrust II wheels and blackwall radials. Most all factory correct type components. This car has been featured in Corvette Fever, Vette Magazine, Vette Views, Cars and Parts magazine and the National Corvette Museum American Sports Car Magazine. Its past owner was Joan Spoerndle known as MakoMama. For more information on Miss Mako and its Corvette folklore, just google Miss Mako. Looks, runs, and drives excellent. CC:+2 $69,998.00 – Now $55,000. Click here to view more

Visit Proteam Corvette to view the list of Corvettes being offered in the Stimulus Sale. Terry tells us that prices are firm and no trade ins will be accepted. The Stimulus Sale ends on March 30th so you better get moving if you want to save on some of the finest classic Corvettes offered for sale.


Source:
Proteam Corvette

Related:
Opportunity Rumbles Like a 427: Proteam Corvette Is For Sale
Proteam Corvette Hosting NCRS Authentication Seminar
When Money is No Object: Terry’s Corvette A-List

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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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Appreciating Corvettes: Top 10 Price Gainers of 2008

by Keith Cornett on March 10, 2009

1976 Corvette Coupe

The 2008 Corvette Calendar was quite interesting starting with the continuation of record sales prices and appreciation factors. But the slowing economy in the second half of 2008 put the brakes on double digit appreciation for all but one Corvette model, the 1976 Corvette.

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 Appreciation Models
Year Make % Change Average Price
1976 T-Top 10% $10,800
1962 Roadster 9% $52,700
1963 Coupe 9% $54,500
1977 T-Top 9% $12,000
1957 Roadster 8% $64,800
1965 Roadster 8% $46,100
1960 Roadster 7% $50,400
1963 Roadster 7% $41,600
1964 Roadster 7% $38,200
1966 Coupe 7% $46,200

Quite surprisingly, we found the 1976 Corvette at the top of our appreciation chart at 10% followed by the 1977 model at 9%. Evidently what we are seeing is renewed interest in the last of the traditional C3 body style models prior to the C3 change to a ‘fast back’ body style with the 1978-1982 models. It is also interesting to note the 1976 and 1977 T-Tops are selling at approximately $10-$12,000 LESS than the C3 chrome bumper Corvettes with the same body silhouette.

Seeing the 1962 Roadster and the 1963 Coupe near the top of the appreciation chart came as no surprise. Both had been priced below the $50,000 threshold in average price during the previous year.

The 1962 was unique, but not just because it was the last of the first generation body style. In addition, the popular 327 motor was introduced with this model.

In our opinion, the 1963 Coupe still remains underpriced at an average price of $54,500. With its unique split-window styling it should command more in today’s market. It looks like the buyers may be sharing our opinion based on its appreciation chart position at #3. This model was the only repeat Corvette shown on our 2007 chart last year.

Two other solid axles on this year’s chart, the 1957 and 1960 models, were new additions. The features of the 1957, with its ‘clean line’ styling and vast array of motor options, were instrumental in its appearance on this year’s chart. The 1960 continues to be a popular model with its ‘last of the notable grill’ treatment. It, too, has crossed the $50,000 threshold at an average price of $50,400.

The mid-years continue to show their popularity with the appearance of six models on this year’s chart. Note that four of the six are priced below $50,000 in average price. It appears that in the near future, those below $45,000 will be considered to be a good buy. Today that threshold is $35,000.

As we so often indicate, the 1964 Roadster model is the entry mid-level Corvette based on price. Despite this fact, it too has moved to the appreciation chart. Its counterpart, the Coupe, is on the good buy threshold at $35,000 in average price.

One third generation Corvette, the 1970 Roadster, made this year’s chart at an average price of $29,500. These are few in number as a work stoppage during the 1969 model year extended production of the 1969 and shortened the 1970 production year to seven months. There were 6,648 Roadsters built in 1970 compared to 16,633 produced during the 1969 model year.


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:
2009 Corvette Price Guide Released

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2009 Corvette Price Guide Released

by Keith Cornett on March 9, 2009

2009 Corvette Price GuideOur Corvette classifieds website VetteFinders.com has released its annual Corvette Pricing Guide and later this week we’ll be posting an analysis of the Corvette pricing trends from 2008.

But what a difference a year makes! As the state of the US economy took its toll on housing, banking and automotive sectors, it also dipped down to effect the Corvette collector car market.

The days of double-digit appreciation are behind us, replaced with more modest gains that most owners should find acceptable given the current climate. There are 55 Corvette models produced from 1953 through the 1988 Anniversary Edition and 38 of them are showing single digit appreciation with another 4 models showing no-change in average price.

We continue to see the first through third Corvette generations bidding and selling well – providing they are original and documented. Those restored with high performance motors continue to break $100,000 threshold, however, there has been some slippage with these big-ticket Corvettes recently. We’ll have more on the top models from both an appreciation and depreciation perspective later this week.

What makes the 2009 Corvette Price Guide unique compared to other guides is the research and cataloging of prices from the actual sales of over 5,800 Corvettes in 2008. This gives 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. This method has proven year after year to be a statistically accurate measure of the Corvette Market.

The free online version features the average prices of over 125 different Corvette models spanning 1953-2009. 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.

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:
Corvette Values: 11-mile 1978 Corvette Pace Car
Corvette Values: 1970 Corvette Roadster
Auction Results: Barrett-Jackson Corvette Sales Total $10 Million

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Friday’s Featured Corvettes for Sale

by Keith Cornett on March 6, 2009

1967 Corvette Coupe for Sale at VetteFinders.com

With the market tanking and more bad news for stocks on the horizon, isn’t time that you put your money to work in an alternative investment that also provides a lot of fun? The classic Corvette market continues to shine and the preowned market is providing some of the best deals in a generation.

You’ll find the greatest selection of new 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.

1958 Corvette Convertible For Sale 1964 Corvette Convertible For Sale 1973 Corvette Convertible For Sale
1958 Convertible
Email for Price
1964 Convertible
$53,900
1973 Convertible
$19,990
 
1991 Corvette Coupe For Sale 2001 Corvette Coupe For Sale 2005 Corvette Convertible For Sale
1991 Coupe
$10,500
2001 Coupe
$15,995
2005 Convertible
$39,999

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

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Corvette Values: 11-mile 1978 Corvette Pace Car

by Keith Cornett on March 4, 2009

1978 Corvette Pace Car

DM in Illinois submitted this 1978 Corvette Pace Car Replica to Corvette Values:

1978 Corvette Pace Car Replica, VIN #1Z8748592XXX. Optional L82 350/220 hp engine, automatic transmission. 11 original miles. Black and Silver with Silver interior. Indy 500 Pace car graphics not installed. Cruise control, power steering, power brakes, power windows. AM/FM Stereo CB and power antenna. Never been titled – still has original Country of Origin document.

Find out how we valued this Corvette after the jump.

1978 Corvette Pace Car 1978 Corvette Pace Car 1978 Corvette Pace Car

The VIN #1Z8748S902XXX indicates this is a Pace Car replica as they were the first Corvette model to receive their own unique VIN – the 8th digit is a ’9′. Production of the 1978 Corvette Pace Car was limited to 6,502 units. Initially 300 units were planned, however, demand was such that Chevrolet built one for each of its dealerships.

This was the first production Corvette to be identified as a ‘special edition’ as it was designated to be the Pace Car at the Indianapolis 500 Race. A lead story on the front page of the Wall Street Journal indicated this model would become an immediate collectable Corvette. There was a quick impact on the selling price of these Corvettes with the asking of $10,000 over the list price of $13,653 for the 1978 Pace Car.

Demand for this Pace Car peaked shortly after the 1978 Indy 500 Race. By this time, numerous Pace Cars had been sold at the premium price. Many of these owners thought this was an excellent investment and placed their Indy 500 Pace Car Corvettes in storage with the original delivered miles of under 20. In fact, many of these Corvettes remain in storage today, many have never been titled.

It appears that this 1978 Pace Car is one of those Vettes. The original list price included all of the desirable options and included the standard L-48 185hp motor and automatic transmission. This 1978 Pace Car Corvette includes the upgrade L-82 220hp motor which was a $525 option. It is also equipped with AM-FM stereo radio with a CB feature, a $170 upgrade for the Pace Car.

This 1978 Pace Car is in showroom condition as evidenced by the 11 original miles shown. In addition, it has not been titled.

The Pace Car had door decals indicating it was a Pace Car. These were a dealer installed feature. The decals are available, however, were not installed on this Pace Car.

We place a value of $29,000 on this 1978 Pace Car.

On a comparative basis, a 1978 Pace Car with the L-82 motor, automatic transmission and 16 original miles sold for $31,000 at the Barrett-Jackson Auction last January in Scottsdale, AZ. At this auction, the owner of the Corvette had to pay a consignment fee and the auction provided the sales hype as the bidding took place.


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: 1978 Corvette Pace Car
Corvette Values: 1961 Corvette Roadster
Corvette Values: An Unrestored 1967 Corvette Roadster
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