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Marketplace

One of the most influential voices in the Corvette Collector market has recently started his own blog. Terry Michaelis, owner of ProTeam Corvette Sales has been posting for a month or so on tmichaelis.com, and already the blog contains some great information about buying classic Corvettes. His first blog post was actually in January following the sale of the Last Sting Ray at the Barrett-Jackson auction in Scottsdale. Funny thing, he posted the video of the sale that I captured and shared here on CorvetteBlogger.com A few years ago I was at the Winter auction in Kissimmee Florida when I noticed this guy wearing a ProTeam shirt. He was walking around a midyear Corvette that was second or third in line for the block. He had a cigar in his mouth and another 10 or so in his chest pocket. As he walked around the car, he ran his fingers along the outside wheel wells as his face maintained a sort of detached interest in the car. Yet you could tell that he was studying that Corvette hard. Right then I knew that this was a guy that knows Corvettes. A mutual friend of ours is Bob Kroupa from Vette-N-Vestments. Bob provides our yearly Corvette Pricing Guide as well as serves as our online Corvette appraiser at VetteFinders.com. Bob once said that facts that Terry carries around with him is staggering. He’s got all those numbers in his head and can tell in just a minute or two whether or not a Corvette is original. I’ve run into a Terry a couple of times since then, almost yearly at the Mecum auction held each January. He probably doesn’t remember me from Adam, but that’s all right. I always try to say hello. ProTeam is sometimes derided in the hobby but I’ve never fully understood why. Terry and his staff travel the country buying investment-quality Corvettes and selling them at a profit. A buyer of a ProTeam Corvette can be guaranteed a super clean original Corvette that will provide a decent return on investment. And when you got 150 or so of these classics under one roof, that says something. Whenever I see a new Corvette blog, I always try to say hi. It’s great that we are getting different viewpoints and the knowledge that Terry shares will make us all smarter when buying or selling Classic Corvettes. Stop by Terry’s blog and give him an online Corvette wave.
Related:
Barrett-Jackson: The Last Sting Ray Fetches $660,000 Technorati Tags:
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Maybe All Corvettes Should Be Red

by Keith Cornett on May 30, 2007

There is a famous saying in Vettedom that goes “All Corvettes are Red”. After seeing this 1967 Corvette Convertible, I understand why. As my ’66 is black, I’ve never really took the statement to heart. But the statement isn’t about the actual color of the car, its about personality, like saying Blondes have more fun. A red corvette says “Here I am!” and screams “watch me go!”. A red Corvette tells the world that your ride is both fun, yet there is serious performance under the hood and all you need to do is stomp on the gas pedal to unleash it.

Little Red Corvette. Baby You're Much Too Fast!
Having said that, sometimes it is about the color. Red Corvettes tend to have a higher resale value and sell faster then most other colors. Even in the later models, Red Corvettes outsell their peers. In 2006, the two reds, Monterey and Victory, combined for nearly 1/3 of all Corvettes produced. Which brings us back to this gorgeous big block midyear. Offered for sale at $96,500 at VetteFinders.com
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VetteFinders.com Related:
Spy Photos: Little Red (SS) Corvette Technorati Tags:
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Featured Corvettes at VetteFinders.com

by Keith Cornett on May 11, 2007

It’s been a few months since we’ve done a Featured Corvettes at VetteFinders.com post. But since we are moving into the show and cruise season, now is the time to get into the Corvette of your dreams. The following six cars were highlighted in our May Featured Corvettes Newsletter. They are just a sampling of the 500+ Corvettes for sale at VetteFinders.com

1954 Corvette Convertible For Sale 1963 Corvette Coupe For Sale 1982 Corvette T-Top For Sale
1954 Convertible
$78,000
1963 Coupe
$150,000
1982 T-Top
$12,500
 
1985 Corvette Coupe For Sale 1997 Corvette Coupe For Sale 2006 Corvette Coupe For Sale
1985 Coupe
$15,000
1997 Coupe
$21,000
2006 Coupe
$44,995
Interested in receiving the Featured Corvettes newsletter? Click here to subscribe. 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.
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Sold on eBay: 6-Pack of Split Window Corvettes

by Keith Cornett on May 8, 2007

Collection of 6 1963 Split Window CorvettesSame old story. A guy amasses a collection of 1963 Corvette Coupes and stores them in a field for thirty frickin years. Finally he sells them all to a Corvette dealer who sells the entire lot on eBay. Despite the rambling and poor grammar in the ad, the six Corvettes sold Sunday for the winning bid of $140,000. The group of 63’s include Corvettes equipped with the following engines: Fuel Injected Original Numbers Matching
Air Conditioned Original Numbers Matching
340hp Black/Red Original Numbers Matching
300hp Silver/Red NOM
300hp Silver/Blue NOM
Wrecked body/frame The average price of $23,333 per car is in line with other recent project cars we’ve seen, considering you have at one end of the spectrum a matching numbers fuelie while at the other end you have, well, half a Corvette. And what’s up with that half-a-vette having a split window rear windshield and 1965-66 quarter panel? These cars took a lot of wear and tear while parked and getting them back is going to cost some dollars. With time and money anything can be restored.
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eBay.com Related:
Barn Find: 1968 Corvette Convertible Technorati Tags:
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April 2007 Corvette Sales

by Keith Cornett on May 2, 2007

April 2007 was the best month for 2007 Corvette sales this calendar year. Customers in April took delivery of 3,227 Corvettes. For the calendar year, January though April, GM has sold 11,403 Corvettes. For comparison, April 2006 saw 3,516 Corvettes delivered and January-April 2006 had sales of 12,808. With the introduction of the 2008 Corvette, with its refreshed interior and the new higher output LS3, it will be interested to see if 2007 Corvettes sales remain steady or fall off even more from their 2006 sales figures.

Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%
February 2,784 3,058 -9.0% Jan-Feb 5,018 5,637 -11.0%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%
April 3,227 3,516 -0.6% Jan-Apr 11,403 12,808 -11.0%

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GM.com Related:
March 2007 Corvette Sales Technorati Tags:
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Barn Find: 1968 Corvette Convertible

by Keith Cornett on April 18, 2007

As posted on the Corvette Forum, user Trophy Blue has a friend that found this 1968 Corvette Convertible with 34,000 original miles sitting in a barn. The Corvette was wrecked some 25 years earlier and the car was parked. According to the post, the Corvette sold for under $5,000.

1968 Corvette Barn Car - Interior 1968 Corvette Barn Car - damaged front end 1968 Corvette Barn Car - Optional Hard Top
For those that love barn stories in general, check out the post. Someone replied with a photo that shows 16 Chevelles rotting in a field. Of course you know that someday the owner is going to fix them up and sell them at Barrett-Jackson. He’s just “storing” them until he’s ready. From a pricing perspective this could be a real good buy depending on how the new owner can turn it around. It was the 1968 Corvette T-Top model that led the way at 17% in this year’s Top Appreciating Corvettes from our Corvette Price Guide. The one year appreciation figure for the 1968 Corvette Roadster is 11%.
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CorvetteForum.com Related:
Corvette Barn Find Technorati Tags:
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First Quarter European Corvette Sales Grow

by Keith Cornett on April 10, 2007

Although the European Market is not all that large for Corvette in terms of volume, it is important for Corvette to continue to make inroads against the European cars it is constantly benchmarked against in their own backyard. First quarter sales of Corvettes continue to show that those inroads are being made. 348 Corvettes were sold by GM Europe in the first quarter of 2007. While year-to-year first quarter sales are up 5.5% with 18 more Corvettes sold this year than last year, year-to-year monthly sales for March 2007 slipped by 26 Corvettes with 162 sold in 2006 versus 136 in March 2007.
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GM.com Related:
March 2007 Corvette Sales Technorati Tags:
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Barrett-Jackson Auction Results: 1967 427/435 Corvette

by Keith Cornett on April 5, 2007

Big Blocks were well represented at the 2007 Barrett-Jackson Palm Beach Auction and I think this ’67 Corvette was one of the gems. Lot # 714.1 is an original, numbers matching 1967 Corvette roadster with only 19,000 original miles. Painted Marina Blue with Black interior, the 2-owner car is powered by a 427 ci 435 hp L71 engine coupled to a 4-Speed, and was equipped with a nice group of options which include: G81 Posi Trac 411 ratio
N1) off road exhaust
F41 special purpose suspension
M21 close ratio transmission
A01 tinted glass
U69 AM/FM radio
QB1 Red Stripe Tires
K66 transistor ignition

This Corvette also came with documentation and a complete photo album. Click here to view the Vehicle Detail page at Barrett-Jackson.com
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Barrett-Jackson
Speed Related:
Barrett-Jackson Auction Results: 1958 Panama Yellow Corvette
Barrett-Jackson Auction Results: 1959 Triple Black FI Convertible
Barrett-Jackson Auction Results: 1990 ZR1 Corvette Coupe
Barrett-Jackson Palm Beach: Corvette Sales Top $6.2 Million Technorati Tags:
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March 2007 Corvette Sales

by Keith Cornett on April 3, 2007

GM sold 3,158 Corvettes in March 2007, making this the best month so far this year for Corvette sales. The figure was 374 units better than in February 2007, but well behind the 3,655 Corvettes sold in March 2006. For calendar year-to-date sales, 8,176 total Corvettes have been sold. Corvette sales are 12% off of what they were a year ago, with 1,116 more Corvettes sold from Jan-Mar 2006 vs Jan-Mar 2007.

Month Calendar Year-to-Date
Month 2007 2006 % Change Months 2007 2006 % Change
January 2,234 2,579 -16.8% Jan-Jan 2,234 2,579 -16.8%
February 2,784 3,058 -9.0% Jan-Feb 5,018 5,637 -11.0%
March 3,158 3,655 -16.7% Jan-Mar 8,176 9,292 -12.0%

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GM Related:
February 2007 Corvette Sales Technorati Tags:
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Last week I previewed this stunning 1958 Panama Yellow Corvette. At the time I thought it would be one of the top Corvettes to run through the auction based the fact that it is a ’58 Vette with all that chrome, the number of awards, and the dual quads and power top options. The X factor was documentation which wasn’t listed in the description on the Barrett-Jackson website. Turns out this Corvette was second in Corvette sales for the weekend, selling for $165,000 plus the 10% commission for a total of $181,500. The top Corvette for the weekend was the 1959 Triple Black Fuelie. And if you watch the bidding you will see the female buyer of the 1958 Corvette was sitting next to the buyer of the 1959 Fuelie. Back to this 1958 Corvette. The Panama Yellow was offered on only 455 Corvettes and was a unique, one year color. The 283 ci 245 dual quad engine was installed in just 2,045 Corvettes that year. The Power Folding Top option was only offered on 1,090 Corvettes. These limited options will pump up the value of any 1958 Corvette. And then there is the awards and certifications: Multiple regional and national NCRS Top Flights, Bloomington Gold, Gold Spinner and the Duntov Award. This Corvette was also invited to be part of the Bloomington Gold Special Collection.

For a complete description of the Corvette with photos, visit the Vehicle Detail page at Barrett-Jackson.com.
Source:
Barrett-Jackson
Speed Related:
Barrett-Jackson Auction Results: 1959 Triple Black FI Convertible
Barrett-Jackson Auction Results: 1990 ZR1 Corvette Coupe
Barrett-Jackson Palm Beach: Corvette Sales Top $6.2 Million
Barrett-Jackson Preview: 1958 Dual Quad Corvette Convertible Technorati Tags:
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