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Corvettes

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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Featured FART: 1963 Corvette Split Window Coupe

by Keith Cornett on March 13, 2009

FART Magazine

FART was a magazine published in Sweeden back in the sixties. While the title is funny to us here in the States, it actually means “Speed” when translated from Swedish. Issue 2 in 1963 showed off this New York registered Riverside Red split window Corvette coupe with two happy stewardesses. A Boeing jet from Pan Am provides the backdrop for this classic magazine cover shot.

Click here for a larger version of the cover.


Source:
Grandprix63 via Martin Klasch

Related:
Corvette Movie Poster: Dragstrip Riot (1958)
Corvette Movie Poster: High Rolling in a Hot Corvette (1977)
Corvette Ad Watch: Vintage 1960 Corvette Poster
Corvette Ad Watch: AC Spark Plugs and the Mako Shark

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Corvette Z06 Police Car

The National Corvette Museum put out a call yesterday for silver C5/C6 Corvette coupes that will be transformed into state police escorts for labor day’s National Corvette Caravan celebration. The coupes chosen for duty will have a lightbar and graphics installed and will lead each of the four national caravans converging on Bowling Green.

From the Corvette Museum:

Here is your chance to drive your Corvette down the highway decorated as a state police vehicle with a light bar on top and vehicle markings as the lead in for the caravan! We are looking for owners of four silver C5/C6 coupes that are willing to become State Police Caravan Escorts when four caravans cross into Kentucky. The four lead Corvettes, with help from the Kentucky State Police, will be fitted with vinyl State Police markings and working light bars. A KSP trooper will be your passenger and you will be assigned a border crossing point to meet a designated Caravan. If you are interested, email your contact information and a picture to events@corvettemuseum.org. We will hold a drawing May 15th and announce the four caravan lead vehicles. These Corvettes will also be the featured display on Thursday, September 3 during the event. In case you were wondering…no, you can’t keep the light bar or write tickets. These cars will need to be available on Wednesday and Thursday September 2-3.

In addition to the police escort cars, the NCM is putting together two other special displays. On Friday, September 4th, the NCM will host a “First and Last” display featuring a Corvette from the first and last year of each generation. On Saturday, September 5th, the Museum will display 12-15 Corvettes that were part of the original 1994 Corvette Caravan. If you are interested in participating in either of these displays, contact the national Corvette museum at events@corvettemuseum.org.

Would you like to join thousands of Corvettes from across the nation as they trek to Bowling Green for the 15th Anniversary celebration of the National Corvette Museum? Check out the Corvette Caravan for details on this unique experience.


Source:
National Corvette Museum

Related:
First Look: New Photos of the Corvette Museum’s Expansion

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Corvette Movie Poster: Dragstrip Riot (1958)

by Keith Cornett on March 9, 2009

Dragstrip Riot

Dragstrip Riot promises motorcycle gangs, hot rodders, death, romance and redemption! After a run-in with a tough motorcycle gang, Gary Clarke is blamed for the death of biker. The gang threatens him and his girlfriend and the story comes to a head with a full biker beach riot.

Click here for a larger version of the poster.


Inspiration:
CruiserBlvd
Internet Movie Database

Related:
Corvette Movie Poster: High Rolling in a Hot Corvette (1977)
Corvette Ad Watch: Vintage 1960 Corvette Poster
Corvette Ad Watch: AC Spark Plugs and the Mako Shark

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1989 Corvette ZR-1

The scene is eerily familiar, yet we are talking about an event that happened twenty years ago today. After months of dodging spy photographers with the automotive magazines eager to capture a new supercar in the works, General Motors took the world by storm with the unveiling of the 32-valve 375 horsepower Corvette ZR-1 at the 1989 Geneva Auto Show.

The new ZR-1 represented Corvette’s return to the high performance automotive arena after decades of languishing under emission standards, reduced power and a corporate mentality that seemed to have no interest in further developing one of the most storied names in automotive history. And like the new 2009 Corvette ZR1, the heart of 1989 Corvette ZR-1 was what made this car special: The all-aluminum 32-valve 4 overhead cam LT5 V8.

Developed in conjunction with Lotus Cars of England and assembled by hand at Mercury Marine in Stillwater, Oklahoma, the LT5 represented a technological leap for Corvette. With 375 horsepower and 370 lb-ft of torque on board, the Corvette ZR-1 could run 0-60 mph in just over 4 seconds and had a top speed over 175 mph.

After the unveiling in Geneva, General Motors invited a select group of media from around the world to drive the Corvettes from Geneva to the walled city of Carcasonne in the southwest corner of France. A stop at the Goodyear test track in Mireval, France gave GM the opportunity to show off its new supercar’s performance and abilities in a series of high-speed cornering and wet-pavement tests.

The media fell in love with the new Corvette and the ZR-1 was on the cover of virtually every magazine in the world. This initial hype fueled demand and when the Corvette ZR-1 went on sale in September 1989, dealers were selling the new car for $10,000-$20,000 above the MSRP of nearly $60,000. Many collectors who purchased the Corvette had no intention of driving them, but to store them as a future classic.

The Corvette ZR-1 program lasted six years and during that time, the LT5s power was bumped from 375 to 405 hp. Almost 7,000 Corvette ZR-1s were built during those six years. The last “King of the Hill” rolled off the assembly line in Bowling Green, Kentucky with great fanfare in April 1995. Residing today at the National Corvette Museum, the Torch Red Corvette sports a windshield banners that reads “The Legend Lives”.


Source:
GMnext

Related:
[VIDEO] The Introduction of the Corvette ZR1 at GM Style
[VIDEO] 1989 Corvette ZR-2 Sells at 2009 Barrett-Jackson
[VIDEO] 1989 Corvette ZR-1 “Snake Skinner” Sells at 2009 Barrett-Jackson

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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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February 2009 Corvette Sales

by Keith Cornett on March 3, 2009

GM released its sales figures today that show 1,027 Corvettes were delivered in February 2009. While the sales number is down 50% over February 2008′s 2,071 Corvettes delivered, the good news is that this is a 22% increase over the paltry 842 Corvettes delivered in January 2009.

READ MORE →

eBay Find of the Day: Vintage 1957 Corvette Race Car

by Keith Cornett on February 26, 2009

Ebay Find of the Day: 1957 Corvette Race Car

Here is yet another Corvette race car that’s now for sale. This 1957 Corvette roadster was raced back in the sixties and seventies but its most successful campaign came in 1998 when the owner competed in and won the SVRA Paine-Weber Endurance Championship.

Powered by a 283 cubic inch V8 built by Compton Race Engines, this yellow roadster is ready to race. The Corvette underwent a restoration following the 2006 season and is currently set up for competition as a vintage racer. In addition to the new 283 ci V8, the roadster features an upgraded T-10 transmission, new ram clutch, drive shaft and flywheel. A holly 750 delivers the fuel from an ATL 40 gallon fuel cell and cold air box insures plenty of oxygen to the powerplant.

On the outside, the Corvette was repainted in Chrome Yellow and has white racing stripes, racing numbers, grill bar and new ovals. The Corvette can be raced with or without its included hardtop.

1957 Corvette Race Car 1957 Corvette Race Car 1957 Corvette Race Car
1957 Corvette Race Car 1957 Corvette Race Car 1957 Corvette Race Car
1957 Corvette Race Car 1957 Corvette Race Car 1957 Corvette Race Car

We asked our friends at the Registry of Corvette Racecars for an honest opinion about the C1 roadster and they didn’t disappoint:

Keith – This is one of the better prepared straight axle vintage racers. The only thing holding back its value is lack of documented racing history. That would put it in a class with Bob Mouat’s 1957 COPO Air box Fuelie and other straight axles that were actually raced, most of which we know well and are now sitting in museums.

Mac Lyle of Rock Hill, SC built the car. I have not seen it on the circuit since 1998 when they blitzed the SVRA to win the Paine-Weber Endurance Championship.

The downside is that the car is way too race improved and would probably not be allowed in the Monterey Historic. And although it would be a fun car to drive in SVRA or HSR races, the asking price of $65K seems a bit steep compared with what else that will buy to go vintage racing.

Jan Hyde – Registry of Corvette Racecars

So that being said, here’s your chance to own a vintage Corvette race car that’s track ready. The current bid is $25,427 and the Corvette has a “Buy It Now” price set at $65,000. The auction runs ends Saturday.


Source:
eBay

Related:
Auction Preview: 1957 COPO Air-Box Fuelie Corvette Racer
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[VIDEO] Auction Results: 1969 Corvette L88 COPO Racer
[VIDEO] Gulf One 1963 Corvette Z06 Sells for $1.05 Million
Breaking News: Corvette Grand Sport #002 Fails to Reach Reserve

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1963 Corvette Split Window

You can find all kinds of websites dedicated to displaying the more interesting photos that have come from Google’s Street View project and now you can add a 1963 Corvette Split Window Coupe to list. This Corvette was recorded by a street view camera in Spokane, Washington. From the looks of how this Corvette has been stored, the only thing missing from this barn car appears to be the barn.

You’ll see from the supporting photos that this is indeed a 1963 Corvette Coupe. A Washington state license plate and an extra set of taillights adorn the sting ray’s rear. Also, notice the Corvette is stored outdoors with the passenger window either down or missing. It rains a lot in Washington, doesn’t it? Instead of keeping the address to ourselves in case we feel the need to one day trek across the country in search of an allusive sting ray, you can find it here.

1963 Corvette Split Window 1963 Corvette Split Window 1963 Corvette Split Window
1963 Corvette Split Window 1963 Corvette Split Window  

Update:
According to some at the NCRS Discussion Boards, this is a numbers matching fuelie that’s been sitting since 1975.


Source:
Classic Nation

Related:
Barn Fresh and Restoration Ready: 1962 Corvette Roadster
Barn Fresh Auction: 1964 Ermine White Corvette Coupe
Barn Find: 1968 Corvette Convertible

 

2009 Corvette GT1 Championship Edition

We got word last month of GM planning a second special edition Corvette for 2009 that would commemorate Corvette Racing’s successful 10 year run in the American Le Mans series. Now official, the 2009 Corvette GT1 Championship Edition celebrates over 70 victories in the ALMS, eight GT1 Manufacturer Championships and five GT1 class victories at the 24 Hours of Le Mans.

The GT1 Championship Edition is available in the Coupe, Convertible or Z06 models in either 45U Velocity Yellow or 41U Black. The series will have its own specific VIN sequences: 300001 for the Velocity Yellows which represent the #3 Corvette C6.R and 40001 for Black which represents the #4 C6.R. Only 600 will be produced this spring and those are limited to 200 for each body style and 100 in each color.

2009 Corvette GT1 Championship Edition 2009 Corvette GT1 Championship Edition 2009 Corvette GT1 Championship Edition

The GT1 Championship Edition features C6.R livery inspired graphics which feature the mascot “Jake” ghost-painted on the hood bulge, years of the championships and drivers flags. Also making the Corvettes unique are the ZR1 full width body color spoiler and chrome wheels. The coupes and convertibles include the Z51 Performance Package, NPP Performance exhaust and MX0 6-Speed Paddle Shift Automatics. The GT1 Corvette coupe also comes with the optional C2L Dual Roof package. All three GT1 models get the optional U3U Navigation Systems as well.

Inside the GT1 Corvettes you’ll find a custom leather wrapped ebony interior with exclusive yellow accent stitching, GT1 embroidery on the leather seats, instrument panel and center console armrest. Under the hood is a special engine cover with a carbon pattern and yellow Corvette lettering. A windshield banner is also included and is installed by the owner.

Pricing for the GT1 Championship Edition starts at $65,310 for the 4LT Coupe, $71,815 for the 4LT Convertible and $86,385 for the 3LZ Corvette Z06.

If you’re interested in this highly anticipated commemorative Corvette, you better give Dave and the gang at Kerbeck Corvette a call immediately at 1-877-537-2325 and make sure you tell them CorvetteBlogger sent you!


Related:
Details Emerging on the 2009 GT-1 Championship Edition Corvette
2009 Corvette Competition Sport Package Pricing Revealed
Introducing the Limited Edition 2009 Competition Sport Corvette

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