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Auction Results: Corvettes at Carlisle 2008

by Keith Cornett on September 18, 2008

1967 Corvette Sold at Corvettes at Carlisle 2008

We got the auction results from last month’s Corvettes at Carlisle auction and despite the fact the auction was held on Friday and featured a sales success rate of just 36%, I am going to take a “glass is half full” approach. For the collector with less than deep pockets, the first time Corvette buyer or an enthusiast looking for a decent quality driver, the auction at Corvettes at Carlisle may just be the place to buy your next Corvette.

First the specifics: The auction at Corvettes at Carlisle is not what it once was in year’s past. Since the auction was moved in-house last year, it’s been reduced to a one-day event, and this year it was held on Friday of all days. 80 Corvettes crossed the block and 29 sold, earning a sales success rate of 36%. The 29 Corvettes totaled $731,050 in sales. Although these numbers are comparable to 2007′s auction, total sales were down almost $244,000 from last year’s $974,950.

In an attempt to shake up the auction landscape, Carlisle made some changes this year benefiting both sellers and buyers by offering free consignment as well as waiving bidder registration fees. The fact that Corvettes aren’t selling at Carlisle like the rates of other primarily Corvette auctions is just as much related to seller expectations as to the current market: Sellers are holding on to cars and may be waiting for better times and many buyers are primarily searching for a deal and passing on anything else. The simple fact is that it takes two to move a Corvette at an auction, a motivated seller and a buyer with cash in hand.

But as I look down the list of cars that did sell at this year’s event, I am seeing what appears to be some pretty good deals. So it just may be that auction at Corvettes at Carlisle could very well turn into the enthusiast auction where decent cars are sold for a fair price. Call it the anti-Barrett-Jackson auction. So let’s take a look at some of the cars that did sell.

The top seller was a 1967 Corvette Convertible with a 427/390 hp engine and a close ratio 4-speed transmission. Red with a black top and black stinger hood, this Corvette gets an A in curb appeal. Documented with owner history and the original Protect-O-Plate, this big block sold for $86,500. Well bought and sold.

Looking for a unique piece of history? How about a Supercharged 1954 Roadster. This Corvette features one of less than two dozen McCulloch supercharged engines produced in 1953/54. McCulloch cars are identified by the “SUPERCHARGED” script on the front about the Corvette emblem. This Corvette had some wear, but for the collector looking for something a bit different, $65,000 was enough to take this cool little roadster home.

Finally, the late Chip Miller’s personal 1994 Corvette ZR-1 was offered up by his son Lance at no reserve. This exceptional Polo Green Metallic Corvette ZR-1 is number 200 of only 448 produced in 1994 and features just 11,700 miles. Chip loved the ZR-1 for its unique LT-5 engine which all but guaranteed collectibility in future years. The Corvette was sold for $30,000. Again, this was a great price for a Corvette owned by one of the giants in the hobby.

Here are the full results from the 2008 Corvettes at Carlisle Auction:

YEAR MODEL BODY SOLD HIGH BID
1954 Corvette Convertible SOLD $65,000
1956 Corvette Convertible High Bid $71,000
1956 Corvette Convertible High Bid $39,500
1957 Corvette Convertible High Bid $72,000
1958 Corvette Convertible High Bid $75,000
1958 Corvette Convertible SOLD $47,500
1958 Corvette Convertible High Bid $85,000
1960 Corvette Convertible High Bid $59,000
1961 Corvette Convertible High Bid $49,000
1962 Corvette Convertible High Bid $75,000
1962 Corvette Convertible High Bid $87,000
1963 Corvette Split Window High Bid $75,000
1963 Corvette Split Window SOLD $46,000
1964 Corvette Coupe High Bid $90,000
1964 Corvette Coupe High Bid $110,000
1964 Corvette Coupe SOLD $32,000
1964 Corvette Coupe High Bid $35,000
1965 Corvette Convertible High Bid $69,000
1965 Corvette Convertible High Bid $45,000
1965 Corvette Coupe High Bid $94,000
1966 Corvette Convertible High Bid $74,000
1966 Corvette Coupe High Bid $72,500
1966 Corvette Coupe SOLD $30,000
1966 Corvette Convertible High Bid $42,000
1966 Corvette Convertible High Bid $30,000
1967 Corvette High Bid $45,000
1967 Corvette High Bid $41,000
1967 Corvette Coupe High Bid $95,000
1967 Corvette Coupe High Bid $45,000
1967 Corvette Convertible High Bid $47,000
1967 Corvette Coupe SOLD $47,500
1967 Corvette Convertible High Bid $52,000
1967 Corvette Convertible SOLD $86,500
1968 Corvette Coupe SOLD $16,000
1969 Corvette Convertible High Bid $27,000
1969 Corvette Coupe High Bid $94,000
1970 Corvette Coupe High Bid $74,000
1970 Corvette Convertible SOLD $28,500
1970 Corvette Coupe High Bid $27,500
1970 Corvette Stingray SOLD $15,250
1971 Corvette Stingray High Bid $7,000
1972 Corvette Convertible High Bid $40,000
1972 Corvette Convertible High Bid $27,000
1972 Corvette Coupe SOLD $17,500
1972 Corvette LT-1 Coupe High Bid $32,000
1972 Corvette Stingray SOLD $13,000
1972 Corvette Convertible High Bid $46,000
1973 Corvette Coupe High Bid $18,000
1974 Corvette Coupe High Bid $14,500
1975 Corvette Convertible SOLD $16,000
1976 Corvette High Bid $6,700
1978 Corvette High Bid $5,500
1978 Corvette SOLD $11,500
1978 Corvette Coupe SOLD $19,000
1978 Corvette High Bid $13,000
1979 Corvette Coupe High Bid $11,500
1980 Corvette Coupe (T-Top) SOLD $8,100
1980 Corvette Coupe High Bid $8,000
1981 Corvette Coupe SOLD $3,900
1981 Corvette Coupe SOLD $11,000
1982 Corvette Coupe SOLD $13,750
1982 Corvette Coupe SOLD $10,500
1985 Corvette Coupe High Bid $6,500
1986 Corvette Coupe SOLD $4,500
1986 Corvette SOLD $6,300
1987 Corvette Callaway Coupe High Bid $20,000
1989 Corvette Callaway Coupe High Bid $25,000
1990 Corvette ZR-1 Coupe High Bid $28,000
1992 Corvette Coupe SOLD $8,750
1994 Corvette ZR-1 Coupe SOLD $30,000
1999 Corvette Convertible High Bid $87,000
1999 Corvette Convertible SOLD $16,000
2003 Corvette Convertible SOLD $36,000
2003 Corvette Convertible SOLD $28,500
2005 Corvette Covertible High Bid $38,000
2005 Corvette Coupe High Bid $30,000
2006 Corvette Convertible SOLD $37,500
2007 Corvette Coupe High Bid $32,500
2007 Corvette Z06 SOLD $55,000
2007 Corvette Convertible High Bid $49,000


Source:
Carlisle Auctions

Related:
Auction Results: Corvettes at Carlisle 2007
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C4 Corvettes Damaged by Hurricane Ike

by Keith Cornett on September 17, 2008

C4 Corvettes Damaged by Hurricane Ike

Here’s a photo of two C4 Corvettes that were severely damaged by Hurricane Ike. In addition to the physical damage, I am sure both cars were thoroughly waterlogged as well.

Unfortunately, having looked through some of the photo galleries of Ike’s fury and knowing what a huge state for Corvettes that Texas is, I am sure we’ll be seeing a lot more. Just hope everyone was okay. Cars can be replaced, people can’t.


Source:
Jalopnik

Related:
Katrina’s Corvette Flood

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[VIDEO] Cindy McCain – Corvette Drifter?

by Keith Cornett on September 17, 2008

Cindy McCain Drifting a Corvette

There are many things we don’t know about the personal lives of the Presidential candidates and that extends to their spouses as well. ESPN’s E:60 took some time with Cindy McCain and I was surprised to learn that she has a serious passion for all kinds of motor sports and has even pursued drifting.

According to her son Jack, after seeing a drifting race, Cindy was taken immediately with the sport and the two of them flew to Japan to learn from one of the Country’s highly regarded instructors.

Unfortunately, due to a wrist injury suffered on the campaign trail, we don’t get to ride along with the wife of the Republican Presidential candidate behind the wheel and sliding sideways around the corners of a track, but we do see video we’re assuming to be Cindy drifting one of the yellow Corvettes at Bondurant’s School of High Performance Driving in Phoenix.

Cindy apparently has a soft spot for NASCAR as well. The video shows her behind the wheel of Corvette Z06 Pace Car, which she drove at a NASCAR race at Pocono in August.

Cindy and her son Jack are finishing building a Nissan 240 SX with a “tricked out engine” as she calls it and promises to continue her passion for motor sports if her husband is elected.



Source:
ESPN

Related:
Bondurant Driving School Adding 2009 Corvette ZR1 to Fleet

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Corvette ZR1 and the Camaro SS

Here is the 2009 Corvette ZR1 joining her much anticipated sibling, the 2010 Chevy Camaro SS for a few laps around the track. The video shows the Camaro SS first and then is joined by the Corvette ZR1.

The video is raw though and when the two cars are shown together, the sound goes blank. Zero, Nada. Time for a voiceover? Maybe that silence is a good thing considering the sound emanating from the 6.2L LS3 V8 Camaro SS is a little lame. But with the starting price of the SS anticipated to be around $30,000, you’ll have a few dollars left over to add a Corsa exhaust system.

This is the second time in recent memory that we’ve seen the Corvette paired with a new Chevy car, the other being the Cobalt. Like that commercial, the Corvette is the scene stealer, especially in closing seconds as you’ll see. While some are wondering if the new Camaro SS will siphon sales from the Corvette, it’s important to remember that the Corvette is a Corvette and the Camaro SS, well, isn’t.


Source:
CamaroZ28.com via Jalopnik.com

Related:
Corvette: The Next Four Door Sports Car?

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GM: Corvette Production Being Cut to Reduce Supply

by Keith Cornett on September 15, 2008

Corvettes on a dealer's lot

Not since the mid-Nineties has production of the Corvette been slowed due to oversupply, but now it appears that GM will halt production of the iconic sports car next month to lessen supplies during this so-called automotive downturn. Often billed as “recession-proof”, Corvette’s production will be cut by an estimated 20-30 cars per day and layoffs will effect up to 9% of the Bowling Green Assembly Plant’s workforce.

Automotive News has confirmed with GM that production of the Corvette will be halted the week of October 6th and when assembly resumes on October 13th, the assembly line will be slowed from 18.5 to 15 Corvettes per hour. The slower production will result in roughly 20-30 Corvettes per day being eliminated from the supply while the one week shutdown will remove an estimated 700 Corvettes from supply.

Eldon Renaud, President of the UAW Local 2164 in Bowling Green said up to 75 people of the 800 hourly workforce could be laid off. “We’ve weathered a lot of downturns but I think this one has finally lasted long enough and people are concerned enough about the economy that it’s probably having a minor effect.”

Through the first eight months of 2008, Corvette sales fell 8.5% to 21,066. While we saw a 47.4% rebound in August sales when the 2008 Corvette was included in GM’s employee pricing incentive program, GM Spokesperson Sharib Basel says “you can’t count on incentives holding down inventories through the balance of the year.”


Source:
Automotive News via Autoblog

Related:
August 2008 Corvette Sales

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Only in Vegas: Rent A Corvette Z06

by Keith Cornett on September 15, 2008

C6 Corvette Z06 For Rent on the Vegas Strip

I was in Las Vegas for a long weekend to attend the wedding of a friend. Walking the strip, we came across an exotic car rental service which had this Corvette Z06 parked out front.

I couldn’t take it for a spin though as my lucky streak was limited to picking good restaurants and fast taxi lines. I was lucky to leave with a Corvette shirt on my back. What happens in Vegas stays in Vegas – including my money! Related:
Hertz To Offer Exclusive Limited-Edition Corvette ZHZ

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2009 Corvette ZR1 on the Autobahn

Dutch automotive site Autoblog.nl rides along with GM engineer and test driver Patrick Herrmann as they shakedown the very first European 2009 Corvette ZR1 on the autobahn. Before Patrick goes full throttle, we see him checking all the fluids and air pressure, as well as the DIC readouts once the Corvette is warmed up. Then all hell breaks loose as Patrick unleashes the 6.2L supercharged Corvette ZR1 on the autobahn, easily reaching speeds up to 310 kph or 192 miles per hour.

Usually we just share the video and you can watch it here in the wonderfully crappy youtube format. But for this drive, we recommend visiting Autoblog.nl where you’ll be able to see the Corvette ZR1 presented in widescreen HD glory. Oh, and when Patrick’s ready to start the Corvette for the very first time, you will want to have your speakers volume set to 10. This is one awesome ride!

We also grabbed some frames as the Velocity Yellow Corvette makes for some great eye candy. Besides, American’s aren’t used to see a speedometer that goes up to 330 kph.

2009 Corvette ZR1 on the Autobahn 2009 Corvette ZR1 on the Autobahn 2009 Corvette ZR1 on the Autobahn

Only 70 Corvette ZR1s are expected to be exported to Europe this year. Dutch importer Kroymans, the company that handles the sales of Corvettes in Europe, has set the price for the new 2009 Corvette ZR1 at 136,000 Euros. At current exchange rates, that translates to over $214,000 US Dollars.


Source:
Autoblog.nl Related:
[VIDEO] Things to do in a Corvette ZR1: Burnouts!
[VIDEO] Official Video of Corvette ZR1′s 7:26.4 Nürburgring Lap
[VIDEO] 1st 2009 Corvette ZR1 Sold for $1 Million

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Corvette Racing: GT2 Will Never Be The Same

by Keith Cornett on September 10, 2008

The #4 Corvette at the Detroit Sports Car Challenge

An exciting announcement came yesterday from GM Road Racing Manager Steve Wesoloski: Corvette Racing will be back in the ALMS for 2009 and 2010. The team is planning on running their GT1 Corvettes in limited races during the first half the season and will compete in the 2009 24 Hours of LeMans. Following that race, Corvette Racing will return to the ALMS and will run 2 new cars in the GT2 class for the remainder of the 2009 schedule. In 2010, the team will then run a full season in the restructured GT class.

According to GM’s press release, the team will only run twice in the GT1 class (Sebring,Long Beach) before June’s 24 Hours of LeMans. Over the last couple of years, four ALMS races preceeded LeMans. Following their return from France, the team will switch to the GT2 class in the attempt to unseat both Porsche and Ferrari from the podiums in “selected” ALMS races. This is essentially saying that 2009 will be the swan song for the GT1 C6.R as well as a “rebuilding” year for the GT2 C6.R.

But it’s in 2010 that things really get interesting. A major reshuffling of the classes will essentially merge GT1 and GT2 into one class called GT. Under ACO/FIA rules, the GT class is much closer to production cars with the race cars limited to a maximum engine displacement of 5.5 liters. The move to GT2 in 2009 will see Corvette transition from a displacement of 7.0 liters down to 6.0 liters.

First the quotes and then we’ll tell you why this is great news:

“Corvette Racing will be well positioned for the future of production-based sports car racing worldwide with the plans we are announcing today,” said Steve Wesoloski, GM Racing Road Racing Group manager. “The international regulations are converging around a single, global GT class, and we intend to continue Corvette’s motorsports heritage by racing against manufacturers and marques that Corvette competes with in the marketplace.

“The GT1 class has been a platform for GM Racing and our partners to develop the most technically sophisticated race cars in our history,” Wesoloski said. “We intend to apply the tremendous success we have had in the GT1 category to make the next-generation Corvette C6.R a strong contender in the new GT class.”

“Competing in GT2 will be a true test of our team’s determination, talent and technology,” said Doug Fehan, Corvette Racing program manager. “The level of competition in the category is already fierce, and that promises to become more intense with more manufacturers and top-tier teams. We’ve explored alternative paths, and we believe that competing in GT is the right road for Corvette Racing to take in the future.

“We will continue our commitment to cellulosic E85R ethanol racing fuel in the current GT1 Corvette C6.R and the next-generation Corvette C6.R that will compete in the new GT class ” Fehan said. “Corvette Racing’s green racing initiative is proof of our commitment to using alternative fuels at the highest levels of motorsports.”

The obvious reason why this is a great move is that Corvette will be racing against the likes of Ferrari, Porsche, Aston Martin, BMW, Ford, Dodge, and Panoz. Way better than the once a year battle at LeMans against the Aston Martin DBR9s and Saleen’s S7 and way, way better than the two Corvette C6.Rs knocking the doors off each other.

The GT2 and then GT race cars will feature much more of the production Corvette DNA that you and I love. The old adage of “Race on Sunday, Sell on Monday” will become more of a reality for Corvette than (dare I say) GM’s NASCAR program.

But most importantly is what this move will do for the next generation C7 Corvette. Corvette Racing is the on-track testing platform for the newest technologies. The LS7 505 hp V8, carbon fiber body panels and ceramic brakes were all tested on the C6.Rs before being incorporated on production C6 Corvettes. Racing a production based C6 Corvette with a smaller engine displacement will ensure that the two major C7 development goals of weight reduction and fuel efficiency will be tried and tested in time for 2012 when the new Corvette is expected.

In the last 10 years, the partnership of GM and Pratt & Miller has established the Corvette Racing brand as one of most dominant teams in road racing history. Corvette Racing is the most successful team in ALMS history, winning seven consecutive ALMS GT1 manufacturers and team championships and six straight drivers championships. Corvette Racing has also dominated globally with five GT1 victories since 2001 at the 24 Hours of Le Mans.

While 2009 will be a time of transition for the team, the real payoff will come in 2010 and beyond. For Corvette Racing enthusiasts, the news couldn’t be any sweeter! The GT2 class (and then GT) won’t be the same.

For more on the subject, we recommend reading the following: Our friends at BadBoyVettes provide an excellent bullet-by-bullet analysis
Marshall Pruett writes about Corvette’s New Direction at SPEED TV
American LeMans Press Release: Corvette Racing Back For 2009
And finally, the release from GM: Corvette Racing Announces Future Plans



Source:
GM.com
AmericanLeMans.com

Related:
GM Red Flags Corvette’s Le Mans Evo C7R Racer
Corvettes to Compete in ALMS GT2 Class in 2008

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Corvette Photo Caption Contest – The Winners List

by Keith Cornett on September 9, 2008

C6 Corvette and a Mercedes Benz Getting It On

Thanks for everyone who submitted a caption for our Corvette accident photo. There were some real gems submitted, so instead of picking one winner, I selected three from the list:

1. “The luxury you want with the handling you crave” – Matt Culler

2. “OK, I promise to leave the Nordschleife alone, from now on it’s yours” – Lee Kibbler

3. “Wow, I knew that new wax I bought at Carlisle was slippery, but…” – Mike Holeva

An email will be sent to the three winners so I can get their mailing addresses. Our first place winner will receive a 2008 Corvette Black Book, 2008 Corvette Price Guide and a Bridgestone Firestone tire gauge. The two runner ups will each receive a Bridgestone Firestone tire gauge. This was fun and the participation was greater than expected so we’ll see about doing more of these kinds of contests.


Source:
Ventura County Star

Related:
Corvette Accident Photo: Prizes For Best Caption
Take Out! Hertz Corvette ZHZ Wrecks Dallas Restaurant

Thanks to:
Bridgestone Firestone

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Corvette Accident Photo: Prizes For Best Caption

by Keith Cornett on September 7, 2008

C6 Corvette and a Mercedes Benz Getting It On

These photos were taken on Friday from an accident scene in Ventura California. I’ll give away a 2008 Corvette Price Guide, a 2008 Corvette Black Book, and a new Bridgestone Firestone tire gauge to visitors who post the best captions.

C6 Corvette and a Mercedes Benz Getting It On C6 Corvette and a Mercedes Benz Getting It On
The caption contest is now closed and three winners have been selected. Click here to see our favorites.


Source:
Ventura County Star

Related:
Take Out! Hertz Corvette ZHZ Wrecks Dallas Restaurant

Thanks to:
Bridgestone Firestone

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