In our final installment of our analysis of the 2009 Corvette market, we present an overview of the Corvette values by generation as documented by our Corvette pricing guru Bob Kroupa of VETTE-N-VESTMENTS.
Photo Credit: photo-by-me on Flickr
The Mobil One 12 Hours of Sebring is huge in the world of sport car racing and GM has used the event in recent years to leverage the media and enthusiasts gathered in Central Florida to showcase new products. Just last year we witnessed the public debuts of both the 2009 ALMS GT1 Championship and Competition Sport Editions.
As Corvette Racing gears up for the start of the 2010 American Le Mans Series, the team is releasing additional details regarding the changes needed for competing in the now unified GT class. The most notable change for the GT Corvettes is the new LS5.5R V8 engine. Built alongside its LS9, LS7 and LS3 dry-sump brethrens at the Performance Build Center in Wixom, this new LS7 based engine is slimmed down to 5.5 liters and delivers 485 horsepower at 5800 rpms.
In previous years, we were able to break up our annual market analysis into two top 10 lists of Corvettes that were appreciating and those that were depreciating. But 2009 wasn’t kind to Corvette values and the days of double-digit growth appear to have gone by the wayside for the foreseeable future. Our Corvette Values expert Bob Kroupa of VETTE-N-VESTMENTS takes us through the numbers, so grab a tissue and gird your loins before clicking the “more” button because it ain’t pretty.
I got an email today from Corvette Racing announcing they are starting a video series to document the team through the 2010 American Le Mans Series and the 24 Hours of Le Mans. The preview video as you will see is very well-done and now I am even more fired up for the first race of the season later this month at Sebring.
Members of Corvette Racing share their passion for racing and what it means to represent Corvette in the American Le Mans Series (ALMS). Featured in the video are Mark Kent, manager, GM Racing, Gary Pratt, chief engineer and co-founder of Pratt & Miller engineering, and Doug Fehan, program manager, Corvette Racing. This is a preview of what to expect from the Corvette Racing Team as they document the ALMS season in their upcoming video series.
Bondurant School of High Performance Driving
Chevrolet’s YouTube Channel
Talking with many longtime Corvette collectors and dealers, there is one thing we can finally all agree on: This market sucks for Corvette values. Like the banking, housing and automotive sectors, the effects of this stagnant economy have finally permeated down to the collector car market which includes Corvettes. But for buyers (and we know you are out there) there couldn’t be a better time to make that purchase than right now. But you need tools and research to make an informed buying decision and so we are pleased to announce the availability of the 2010 Corvette Pricing Guide.
Corvette sales hit a new low last month with just 624 Corvettes delivered during February 2010. That’s a decline of -39% from February 2009′s 1,027 sales figure and -26.9% off of January 2010′s 854 deliveries. A shortened selling period of 24 days combined with several winter storms that blanketed much of the country is to blame for the decline.
So what does the Chevrolet Corvette and movie star Marilyn Monroe have in common? Seductive, voluptuous, hot, fast and sexy is how Paul Niedermeyer from The Truth About Cars describes both of these American icons. There are other comparisons as well including how both started from humble beginnings and then went on to capture the hearts of Americans and world. You owe it to yourself to check out this great read, however, keep in mind that some of the images are Not Safe For Work (NSFW)!
From the comments section comes one of the best quotes about Corvettes I have read in along time:
Every man should own a ‘Vette during his lifetime, however briefly. It will then become the benchmark for comparison for every other car he drives for the rest of his life…
The Truth About Cars: Curbside Classic: 1962 Corvette – The Marilyn Monroe Of Cars
Tanner Faust, host of SPEED’s Supercars Exposed, heads to Pepple Beach where he has the unique opportunity to drive both the very first Porsche and the very first Corvette ever built. The Motorama Corvette, dubbed EX-122 by GM Engineering, features an upgraded 283 V8 which the car received when it was being used as a test mule.