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Marketplace

VetteFinders.com Releases Annual Corvette Price Guide

by Keith Cornett on February 24, 2006

Our Corvette classifieds website VetteFinders.com has released the annual Corvette Pricing Guide and we have posted an analysis of the Corvette Pricing Trends from 2005 on the site. The 2006 Corvette Price Guide contains over 5,800 Corvette prices from 2005 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 online version features the average prices of over 110 different Corvette models spanning 1953-2006. 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. The top appreciation gainers include the 1955 Corvette, which grew in value over 2004’s prices by 27% and the 1969 Corvette, whose prices averaged 14% over the previous year. The 1955 model is special in the fact that production was limited to only 700 and it was the first year the V8 engine was offered in the Corvette. The 1969 model year is showing a lot of movement due to many highly-optioned Corvettes still available at reasonable prices. And let’s not forget the fourth generation Corvettes, 1984-1996. Many of these have turned the corner and are showing positive results in average price. Prime examples include the 1990 ZR-1 and 1993 Ruby Red Anniversary Roadster, both showing a 7% appreciation factor in average price during the past year. Data from the price guide comes from analyzing the selling prices of over 5,800 Corvettes during 2005 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 Corvette Market Letter. In his analysis of last year’s market, Bob said “Most of the 1953-1982 models outperformed the S&P 500 Stock Market Index. In fact, all models through 1982 showed positive appreciation results with only one showing a ‘no change’ designation.”

Bob Lutz Reaches Out

by Keith Cornett on February 23, 2006

Bob Lutz, GM’s Vice Chairman, recently wrote on the GM FastLane Blog about the state of General Motors perception in the marketplace. The perception or misperception is that GM is producing vehicles nobody wants, or the vehicles they do produce are built at a lower quality than the imports. Bob blows those two perceptions out of the water with the examples of Corvette winning MotorWeek’s Driver’s Choice Award and Corvette winning the Intellichoice Best Overall Value Award. For those of us involved in the Corvette hobby, we know all about GM’s commitment to not only giving us the Car we want to own, but following through by giving us one of the best made cars with one of the highest customer satisfaction levels. So how does GM (and Chevrolet) do so well in marketing these two attributes to potential Corvette buyers, but not so well on their other vehicles? Obviously, Corvette has a history and therefore a built-in base of fans so it is a bit easier for Corvette designers and engineers to read the tea leaves when working on changes and upgrades. And when new Corvettes hit the marketplace, there are already long list of buyers who have deposits down to secure their car. GM needs to get its product in front of their target market in more non-traditional arenas. We recently posted a story about the Drive experience GM is putting together in Las Vegas where consumers can drive GM products in a controlled environment. I also remember they had similar “Drive A Chevy” experience that would roll into a market for a couple of days and you could drive all their products. I think that perhaps GM should take the product display a little further. At a local upscale mall I visited this weekend, I saw a display of Jaguars from the local Jag dealership. GM should consider putting Minivans and SUV in Grocery Stores and displays at some of the larger local youth sporting events. Truck displays at outdoor and sports trade shows. I know it sounds simplistic and perhaps a bit unrealistic, but go where the demographic market is. GM should also introduce a new extended warranty or key a portion of existing advertising to quality of product issues. With both Toyota and Ford are going Green, a new campaign could help differentiate how GM’s products are built with the consumer in mind. Again, I am just a guy that loves Corvettes and not a domestic auto marketing expert. But my car selling theory is that to sell product, you have to get it where your market is. Hope that helps, Bob.

Mecum’s Winter Classic Auction Results

by Keith Cornett on February 13, 2006

As we reported earlier, Mecum’s Winter Classic in Kissimmee Florida was a huge success given the fact the new location was 10 miles from the NCRS Winter Regional. That didn’t deter Corvette sellers and buyers from partaking in one of the largest Corvette and classic car auctions in the Southeast. Our review of Mecum’s auction results shows that a whopping 121 Corvettes sold for a total of $6.4 million and change. Mecum’s auction results aren’t the most descriptive in terms of body styles or engine options. Perhaps they can take a lesson from (dare I say) Barrett-Jackson’s results listings to give those who couldn’t attend the auction a better understanding of exactly what sold. Our friend Bob Kroupa from Vette-N-Vestments is at most of the major Corvette auctions and does breakout the models. You can get his report by subscribing to his monthly Corvette Market Letter, which can be purchased for $35 through the VetteFinders.com online store. Now that we got that shameless plug in there, here are the results from the Mecum Winter Classic held January 27-28th in Kissimmee Florida:

Year Model Color Sales Price
1954CorvetteMaroon$115,500
1954CorvetteWhite$58,538
1957CorvetteBlack$76,650
1958CorvetteRed$42,263
1959CorvetteBlack/Silver$63,000
1959CorvetteWhite$109,200
1961CorvetteMaroon$80,325
1961CorvetteRed$55,650
1961CorvetteBlue$65,888
1962CorvetteRed$42,000
1962CorvetteBlack$63,000
1962CorvetteRed$97,650
1962CorvetteMaroon$45,990
1963CorvetteBlue$33,600
1963CorvetteRed$81,375
1963CorvetteBlue$64,313
1963CorvetteWhite$89,250
1963Corvette (Z-06)Red$220,500
1964CorvetteRed$30,975
1964CorvetteWhite$33,600
1964CorvetteTan$52,500
1965CorvetteSilver$68,250
1965CorvetteRed$39,000
1965Corvette (L79)Silver$65,625
1965CorvetteBlue$79,800
1965CorvetteBlue$86,100
1966CorvetteBlue$55,650
1966CorvetteBlue$36,750
1966CorvetteRed$47,513
1966CorvetteRed$49,875
1966CorvetteRed$52,500
1966CorvetteRed$79,800
1966CorvetteRed$45,150
1966CorvetteMaroon$79,800
1967CorvetteSilver$58,275
1967CorvetteBlack$117,600
1967CorvetteSilver$48,300
1967CorvetteYellow$82,950
1967CorvetteBlue$50,400
1967CorvetteSilver$62,475
1967CorvetteMaroon$78,750
1967CorvetteWhite$43,575
1967CorvetteSilver$63,000
1967CorvetteMaroon$122,850
1967CorvetteBlue$46,200
1967CorvetteRed$141,750
1967CorvetteRed$120,750
1967CorvetteMaroon$111,300
1967CorvetteBlack$192,150
1967CorvetteMarina Blue$172,200
1967CorvetteMaroon$61,425
1967CorvetteBlue$105,000
1967CorvetteSilver$194,250
1967CorvetteYellow$112,350
1967CorvetteBlack$226,800
1968CorvetteBlue$33,600
1968CorvetteWhite$26,775
1968CorvetteRed$20,475
1969CorvetteBlue$11,550
1969CorvetteBlue$57,225
1969CorvetteDark Green$21,000
1969CorvetteBurgandy$31,500
1970CorvetteBlue$49,350
1970Corvette (LS-6)Black$99,750
1971CorvetteGreen$37,800
1971CorvetteBlue$26,250
1971CorvetteRed$30,450
1971CorvetteGreen$21,000
1971CorvetteGreen$24,150
1971CorvetteSilver$18,900
1971Corvette (LS-6)Silver$157,500
1972CorvetteBronze$28,088
1972CorvetteYellow$21,630
1972CorvetteRed$18,900
1972CorvetteOrange$14,700
1972CorvetteRed$16,065
1972CorvetteSteel Cities Gray$26,775
1972CorvetteRed$14,700
1972CorvetteOrange$33,075
1973CorvetteRed$15,750
1973CorvetteUnknown$20,475
1973CorvetteYellow$22,313
1973CorvetteBlue$27,825
1974CorvetteWhite$5,300
1974CorvetteYellow$52,500
1975CorvetteRed$19,950
1975CorvetteOrange$29,400
1977CorvetteOrange$15,435
1977CorvetteOrange$11,025
1978Corvette (L82)Black$25,988
1978CorvetteUnknown$39,900
1978Corvette (Pace Car)Black/Silver$28,613
1978Corvette (Pace Car)Black/Silver$31,500
1980CorvetteWhite$16,950
1980CorvetteBlack$26,250
1981CorvetteSilver$17,535
1982CorvetteSilver$27,825
1982CorvetteTri-Color$21,105
1985CorvetteRed$9,400
1986CorvetteRed$26,250
1986CorvetteRed$16,800
1987CorvetteBurgandy$12,338
1988CorvetteRed$17,588
1989CorvetteWhite$11,025
1990CorvetteGreen$17,850
1991Corvette (Callaway)Black$107,625
1992CorvetteRed$19,425
1992CorvetteWhite$9,000
1993CorvetteRed$17,588
1993CorvetteRed$39,375
1993Corvette (ZR-1)Red$47,775
1993CorvetteRuby Red$20,475
1993CorvetteMaroon$25,463
1994CorvetteWhite$14,963
1994CorvetteWhite$13,650
1995CorvetteWhite$19,163
1996Corvette (GrandSport)Blue/White$84,000
1998CorvetteRed/White$18,638
1998CorvetteBlue$31,500
1998CorvettePewter$13,230
2000CorvetteMaroon$31,500
    
  Total Sales:$6,441,398
Credit: Mecum Auctions

Is GM Cutting Dealer Z06 Allocations?

by Keith Cornett on January 31, 2006

From reading the various forum threads where dealers are known to post, it seems some are upset about the 2nd half allocation letters GM sent to its dealers last week. The letters project the total Z06′s Corvette dealers can expect to receive between February and May 2006. While it appears that the same number of Z06′s are being produced, GM may be cutting allocations from some of its dealers with more volume so that they can get Z06′s into the hands of some of their 3rd and 4th tier dealers. Due to the demand for the Z06, some dealers have reportedly marked up the Z06 $15,000-$20,000 over MSRP. Other dealers are taking orders for the 2007 model year and beyond. Looks like the buyer that wanted to “wait and buy it later in the model year and save a couple grand” is out of luck. Here is a copy of an allocation letter with the dealers information removed: ————– XXXXXX
XYZ Chevrolet
123 Main Street
Anywhere, ST XXXXX
Attention: Dealer Operator and New Car Sales Manager Subject: Corvette Z06 Allocation Projection The 2006 Corvette Z06 distribution plan includes the provision of an extended allocation projection to all eligible Corvette dealers. This is a projection and not a commitment but is intended to assist dealers in managing customer expectations in line with dealer allocation. While keeping in mind the realization that the Z06 will remain a limited production vehicle, we have been working diligently to increase Z06 production to maximize our ability to satisfy customer demand for this great automobile. As a result, production schedules were not formalized in time to allow us to provide this second extended allocation letter originally intended for publication in December. Your dealership’s projected Z06 allocation through May 2006 production appears below. Please keep in mind that this allocation projection is based on an estimated production schedule and therefore must continue to be considered as a projection and is not to be considered an absolute commitment. Your Z06 Estimated Allocations are: February March Est April Est May Est 2nd Outlook
Allocation Allocation Allocation Allocation Cum Total
# # # # # If a dealer chooses not to consent to their Z06 allocation, that allocation will be redistributed to another eligible dealer during the variance resolution and will not be rolled forward nor will it be converted to regular Corvette allocation. CORVETTE MARKETING TEAM Source: CorvetteForum.com | DigitalCorvettes.com

Barrett-Jackson Corvette Sales Top $12.6 Million

by Keith Cornett on January 24, 2006

By the time the final gavel fell on the 2006 Barrett-Jackson Auction in Scottsdale, 113 Corvettes crossed the auction block for a total combined sales of $12,679,362.00. A sales commission of 8% is factored into our totals as published at the Barrett-Jackson website. This year’s highest selling Corvette was #003, the oldest surviving Corvette which sold for $1 Million Dollars. Dave Ressler, owner of several multi-brand dealerships in South Dakota and Montana, outbid Terry Michaelis of ProTeam Corvettes and Dana Mecum of Mecum Auctions. Other Notable Corvettes include: A 1967 Convertible 427/435 car sold for $378,000. The Corvette received a Top Flight award in September 2005 and has been featured twice in Corvette Enthusiast Magazine. A 1969 L-88 Coupe sold for $334,800. Nicknamed Earthquake 88 due to the roar of the engines of the L88 cars, the Riverside Gold coupe spent many years of its life on display at the famous Gilmore Classic Car Museum in Hickory Corners, Michigan. Selected in 1988 for the Bloomington Gold Special Collection. This Corvette was inducted into the Bloomington Gold Hall of Fame in 1998. Selected again for the 2003, 50th Anniversary Corvette celebration, the car was part of the special collection that year. Bloomington Gold certified 2003 and NCRS Top Flight 2005. David Van Weele’s 1963 Z06 sold for $197,640. One of 199 Z06′s built. Awards include NCRS Top Flight, NCRS Duntov Award and Performance Verification, Bloomington Gold and part of very first Bloomington Gold Special Collection, Chips Choice Award and twice in NCRS “Field of Dreams” at Orlando. Appeared twice in the Chevy tent at the Daytona Rolex 24 race. Used as a reference car by Noland Adams in his restoration guide. Complete Results:

Lot #YearDescriptionSales Price
13111953CHEVROLET CORVETTE #003 CONVERTIBLE$1,080,000.00
9841954CHEVROLET CORVETTE CONVERTIBLE$102,600.00
9981954CHEVROLET CORVETTE CONVERTIBLE$106,920.00
1537.11954CHEVROLET CORVETTE CONVERTIBLE$86,400.00
13431955CHEVROLET CORVETTE CONVERTIBLE$97,200.00
1248.11956CHEVROLET CUSTOM CORVETTE NOMAD WAGON$108,000.00
7581957CHEVROLET CORVETTE FI CONVERTIBLE$107,460.00
1010.11957CHEVROLET CORVETTE CONVERTIBLE$88,560.00
1017.11957CHEVROLET CORVETTE FUEL INJECTED $178,200.00
10501957CHEVROLET CORVETTE CONVERTIBLE$97,200.00
1282.11957CHEVROLET CORVETTE CONVERTIBLE$237,600.00
12951957CHEVROLET CORVETTE ZL-1 CONVERTIBLE$291,600.00
9831958CHEVROLET CORVETTE CONVERTIBLE$108,000.00
10011958CHEVROLET CORVETTE FI CONVERTIBLE$110,160.00
1034.11958CHEVROLET CORVETTE FI CONVERTIBLE$108,000.00
1284.11958CHEVROLET CORVETTE FI CONVERTIBLE$97,200.00
1020.11959CHEVROLET CORVETTE CONVERTIBLE$93,960.00
10461959CHEVROLET CORVETTE CONVERTIBLE$143,640.00
12251959CHEVROLET CORVETTE CONVERTIBLE$140,400.00
15611959CHEVROLET CORVETTE FI CONVERTIBLE$98,280.00
711.11961CHEVROLET CORVETTE FI CONVERTIBLE$66,960.00
9631961CHEVROLET CORVETTE CONVERTIBLE$113,400.00
10021961CHEVROLET CORVETTE FI CONVERTIBLE$89,640.00
12521961CHEVROLET CORVETTE CONVERTIBLE$172,800.00
961962CHEVROLET CORVETTE 327 CONVERTIBLE$60,480.00
7361962CHEVROLET CORVETTE 327 CONVERTIBLE$108,000.00
7451962CHEVROLET CORVETTE FI CONVERTIBLE$135,000.00
753.11962CHEVROLET CORVETTE 327 CONVERTIBLE$72,900.00
9521962CHEVROLET CORVETTE CONVERTIBTLE$68,040.00
9761962CHEVROLET CORVETTE 327 CONVERTIBLE$99,360.00
10061962CHEVROLET CORVETTE 327 CONVERTIBLE$73,440.00
10621962CHEVROLET CORVETTE 327 CONVERTIBLE$124,200.00
13531962CHEVROLET CORVETTE FI CONVERTIBLE$88,560.00
3831963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$108,000.00
4211963CHEVROLET CORVETTE CONVERTIBLE$43,200.00
6981963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$70,200.00
7591963CHEVROLET CORVETTE CUSTOM CONVERTIBLE$83,700.00
9491963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$7,884.00
12371963CHEVROLET CORVETTE CUSTOM SPLIT WINDOW $118,800.00
12941963CHEVROLET CORVETTE ZO6 COUPE$197,640.00
1562.11963CHEVROLET CORVETTE FI CONVERTIBLE$78,300.00
12231964CHEVROLET CORVETTE CONVERTIBLE$50,760.00
911965CHEVROLET CORVETTE CUSTOM CONVERTIBLE$102,600.00
4291965CHEVROLET CORVETTE 396/425 COUPE$75,600.00
6711965CHEVROLET CORVETTE 327 CONVERTIBLE$55,080.00
713.11965CHEVROLET CORVETTE 327 COUPE$67,500.00
10261965CHEVROLET CORVETTE 396/425 COUPE$91,800.00
12451965CHEVROLET CORVETTE FI CONVERTIBLE$151,200.00
9591966CHEVROLET CORVETTE 327/350 COUPE$76,680.00
991.11966CHEVROLET CORVETTE 427/425 CONVERTIBLE$108,000.00
1052.11966CHEVROLET CORVETTE 427/390 CONVERTIBLE$83,160.00
12631966CHEVROLET CORVETTE 427/425 CONVERTIBLE$216,000.00
15521966CHEVROLET CORVETTE 327/350 CONVERTIBLE$72,360.00
15651966CHEVROLET CORVETTE 427/425 CONVERTIBLE$113,400.00
3901967CHEVROLET CORVETTE 327 CONVERTIBLE$50,220.00
419.11967CHEVROLET CORVETTE 427/435 CONVERTIBLE$121,500.00
7401967CHEVROLET CORVETTE 327/300 CONVERTIBLE$75,600.00
7541967CHEVROLET CORVETTE 427/390 CONVERTIBLE$81,000.00
10031967CHEVROLET CORVETTE 427/435 COUPE$137,160.00
10091967CHEVROLET CORVETTE 427/435 CONVERTIBLE$105,840.00
10171967CHEVROLET CORVETTE 427/435 CONVERTIBLE$189,000.00
1018.11967CHEVROLET CORVETTE 427/435 COUPE$97,200.00
10271967CHEVROLET CORVETTE 427/435 CONVERTIBLE$216,000.00
10401967CHEVROLET CORVETTE 427/435 CONVERTIBLE$149,040.00
10591967CHEVROLET CORVETTE 427/400 CONVERTIBLE$136,080.00
1231.11967CHEVROLET CORVETTE 427/390 COUPE$88,560.00
12361967CHEVROLET CORVETTE 427/435 CONVERTIBLE$221,400.00
1261.11967CHEVROLET CORVETTE 427/400 COUPE$108,000.00
12651967CHEVROLET CORVETTE 427/435 CONVERTIBLE $228,960.00
12751967CHEVROLET CORVETTE 427/400 CONVERTIBLE$221,400.00
12791967CHEVROLET CORVETTE 427/435 CONVERTIBLE$210,600.00
12841967CHEVROLET CORVETTE 427/435 CONVERTIBLE$378,000.00
12981967CHEVROLET CORVETTE 427/435 CONVERTIBLE$248,400.00
13031967CHEVROLET CORVETTE 427/435 CONVERTIBLE$216,000.00
15441967CHEVROLET CORVETTE 427/435 CONVERTIBLE$162,000.00
15701967CHEVROLET CORVETTE 427/390 COUPE$92,880.00
15781967CHEVROLET CORVETTE 427/435 COUPE$149,040.00
401968CHEVROLET CORVETTE 427/390 T TOP$38,340.00
6271968CHEVROLET CORVETTE 427 CONVERTIBLE$30,780.00
10541968CHEVROLET CORVETTE 427/435 COUPE$66,960.00
15461968CHEVROLET CORVETTE 427/435 CONVERTIBLE$99,360.00
4271969CHEVROLET CORVETTE COUPE$39,960.00
7721969CHEVROLET CORVETTE 427/390 COUPE$41,040.00
975.11969CHEVROLET CORVETTE 427/435 COUPE$116,100.00
10831969CHEVROLET CORVETTE COUPE$26,460.00
1271.11969CHEVROLET CORVETTE L-88 COUPE$334,800.00
13251969CHEVROLET CORVETTE L-88 COUPE$237,600.00
1556.11969CHEVROLET CORVETTE 427/435 ROADSTER$128,520.00
701971CHEVROLET CORVETTE LS-5 COUPE$54,000.00
3511971CHEVROLET CORVETTE FERRARI DAYTONA SPIDER $46,440.00
10811971CHEVROLET CORVETTE COUPE$30,240.00
3961972CHEVROLET CORVETTE CUSTOM COUPE T TOP$58,860.00
6511972CHEVROLET CORVETTE COUPE$30,240.00
6831972CHEVROLET CORVETTE 2 DOOR$43,200.00
7041972CHEVROLET CORVETTE LT-1 BALDWIN MOTION REPLICA$37,800.00
10761972CHEVROLET CORVETTE CUSTOM COUPE$62,100.00
7031973CHEVROLET CORVETTE 454 CONVERTIBLE$37,800.00
10821973CHEVROLET CORVETTE CONVERTIBLE$30,240.00
613.11975CHEVROLET CORVETTE STINGRAY COUPE$14,688.00
10801975CHEVROLET CORVETTE CONVERTIBLE$31,860.00
3111977CHEVROLET CORVETTE T-TOP COUPE$9,180.00
461978CHEVROLET CORVETTE COUPE$19,440.00
12511978CHEVROLET CORVETTE PACE CAR$43,200.00
6221981CHEVROLET CORVETTE COUPE$19,980.00
990.21981CHEVROLET CORVETTE GREENWOOD GTO COUPE$48,600.00
3351982CHEVROLET CORVETTE COUPE$28,080.00
7021990CHEVROLET CORVETTE ZR-1 COUPE$47,520.00
981991CHEVROLET CORVETTE ZR-1 COUPE$32,670.00
6571995CHEVROLET CORVETTE ZR-1 COUPE$46,440.00
15911996CHEVROLET CORVETTE COUPE$38,880.00
9892000CHEVROLET CORVETTE AVELATE CUSTOM$86,400.00
1335.12002CHEVROLET CORVETTE LINGENFELTER TWIN TURBO$129,600.00
13662002CHEVROLET CORVETTE AVELATE CONVERSION$82,080.00
    
Total Sales:$12,679,362.00
Source: Barrett-Jackson.com

003 Sells for 1 Million Dollars

by Keith Cornett on January 22, 2006

#003, the oldest surviving Corvette was auctioned at Barrett-Jackson on Saturday for One Million Dollars. Okay, I can’t say that without thinking about Austin Power’s Dr. Evil. But sold it did for $1,080,000. No word on who the buyer was although word on the street is that both ProTeam Corvette’s Terry Michaelis and Dana Mecum from Mecum auctions were both unsuccessful in bidding for this truly historic Corvette. Read our previous post for more information on #003.

Corvette for Sale: The Last 2005

by Keith Cornett on January 21, 2006

Kerbeck Corvette of Atlantic City is offering the last Corvette of the 2005 production run for sale. The Corvette, a Victory Red Coupe with an automatic transmission, is VIN #1G1YY22U855137341 and was built on September 14th, 2005. The Corvette has been documented by Will Cooksey, the Corvette Plant Manager. The Corvette is being billed as “a piece of Corvette History”, with a selling price of $76,615 which includes a “Kerbeck Value Adjustment” of $25,000. With its extra cost, only buyers who can afford to purchase this car and then store it for 20 years should consider this “Rare Collectible”.

Barrett-Jackson: A Corvette Seller’s Paradise

by Keith Cornett on January 19, 2006

While some of the estimated 100+ Corvettes that will cross the Barrett-Jackson auction block during this week’s Scottsdale event are worth every penny of the high bids they will receive, many are not. Due to the shear amount of collector car money that is in Scottsdale this week, some Corvettes will go for prices no where near what they are worth, and that is the problem I have with this auction. I was expecting to see this sometime during this auction, but didn’t think it would be so obvious during the first day. Lot #70 is listed as a 1971 Chevrolet Corvette LS-5 Coupe. Here are the photos and description:

 
Nevada car, numbers matching, no rust, stock AM/FM, air conditioning, power steering, power brakes. SS disc brakes and lines, LS5 454/365 motor with roller rockers. Motor refreshed at 62,000 by John “Freight Train” Peters, a member of NHRA Hall of Fame, Jet-Hot coated headers, Micky Thompson valve cover, new radiator, M21 transmission, body stripped to glass and House of Kolor Candy Wild Cherry with silver base paint in September 2004, interior stock black vinyl, 5 new BF Goodrich TA tires, stock factory 3 piece side pipes, all new chrome and badges, all new weather stripping, new carpet and some new interior panels, new dash pad and clock. Factory build sheet. Selling price was listed as $54,000 (unofficially). Let’s look at the numbers. In 1971, there were 21,801 total Corvettes: 14,680 Coupes and 7,121 Convertibles. The LS-5 engine was selected by 5,097 buyers, that’s 23.4% of total production. The M21 4-speed transmission was selected by 2,387 buyers which made up 9.8% of production. Not what we consider a rare Corvette in terms of power plant and drive train. Other production numbers for this 1971 Coupe include factory air conditioning (11,481), Power Steering (17,904) and Power Brakes (13,588). The condition of this Corvette couldn’t even get you a Survivor award at Bloomington. Replaced valve covers and the non-original paint and color do nothing for collectablility. And take a look at the engine photo – other than the shiny air filter cover, the compartment is filthy. We place the value of this Corvette at $23,000. A $31,000 Barrett-Jackson difference. At some point this hot market we are in will correct itself and people who purchase these non-rare Corvettes at premium will be the ones holding the short end of the 4-speed stick shift. P.T. Barnum was famously quoted for saying “There’s a sucker born every minute.” Apparently in Scottsdale, they brought their checkbooks.

Corvette Breaks Sales Records

by Keith Cornett on January 13, 2006

There were 3,271 Corvettes sold in December which is an all-time Corvette record for December beating the December 1977 sales of 3259. Corvette had a 26.1% segment share up from 20.4% last year. R8C Museum Deliveries were at an all-time high for the month of December as well, with over 90 Corvette owners taking delivery as part of the program. General Motors also announced that European sales of Corvettes registered significant growth in 2005, achieving their best ever sales in Europe. With well over one thousand registrations, the sixth-generation Corvette more than tripled 2004 sales levels.

Corvette Values: 1996 CE Convertible

by Keith Cornett on January 4, 2006

JM from IN submitted the following to Corvette Values: 1996 Collector’s Edition Convertible. VIN 1G1YY325OT51053XX. Sebring Silver with Black interior, Black top. LT4 Engine, 6-Speed Manual Tranmission. 29,705 Miles. Power Braks, Steering, Windows. Exterior and interior are in Good condition. No original sales documents or owner history. This corvette is a genuine 1996 Collector Edition Corvette Convertible, VIN #IGIYY3250T51053XX. The VIN indicates it was built early in the 1996 Corvette production year. As with all Collector Edition Corvettes, the exterior paint color is Sebring Silver Metallic, code #13. The interior of the Convertible as well as the convertible top are Black. The overall condition for this Corvette is termed “good”. The current mileage is 29,705, considered low for a 1996 vehicle. It is powered by the LT4 motor rated at 330 HP and coupled with a 6-speed manual transmission. During the 1996 Corvette production year, 30% of the Corvettes built had this engine and transmission combination. The Collector Edition option was available for both the Coupe and Convertible. A total of 5,412 Corvettes were ordered with this option of which 1,381 were convertibles. Total production of convertibles for the 1996 model year was 4,369, thus only 32% had the Collector Edition option, in total a somewhat rare option especially coupled with the LT4 motor. The “curb appeal” of this 1996 Corvette is excellent with its Silver paint and contrasting Black top and interior. This Corvette is equipped with many of the feature options that were available for the 1996 model year. No original delivery documentation or owner history is available with this Corvette. We place the value of this 1996 Corvette convertible at $26,000. In our pricing database we actually show an increase of 1% year to year for Collector’s Edition Convertibles while average 1996 Convertibles are still depreciating in value. Submissions:
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