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1954 Corvette

With all the attention the 1953 Corvettes have been getting recently, we thought we’d take a look at what some are calling the best value of the early C1s – the 1954 Corvette.

The rising values of the 1954 Corvette has surprised many as it appears the 2nd year model is finally making its move. Many factors justify the appreciation of the 1954s, none more significant than the fact that the model year is sandwiched between the skyrocketing values of the 1953 Corvette and the V8 Powered 1955 Corvette. In the past, the 1954 Corvette was in many ways considered the stepchild of the early C1 generation, but no more as collectors are beginning to appreciate the Corvette on its own merits.

Production of the 1954 was moved to its own renovated assembly plant in St. Louis and benefited greatly from the lessons learned from the mostly hand assembled 1953 Corvette. GM’s estimated 10,000 units would be produced but only 3,640 constructed. While the sales projection was way off for the time, this production number is over 10 times the number of 1953 Corvettes produced and over 5 times greater than the 1955 Corvette that followed it.

As there were no real drive-train options offered, the 1954 Corvette is one of those rare years where the values are driven almost exclusively by the exterior color. Of the 3,640 1954 Corvettes produced, it’s estimated that the colors were broken down as: 3,230 Polo White, 300 Pennant Blue, 100 Sportsman Red and 4 Black. Therefore with similar cars (condition, documentation, etc) any color other than Polo White will be valued at $10,000-$15,000 more while the ultra-rare Blacks could command three to four times that.

Our Corvette Price Guide documents the rising values of the 1954 Corvette with an average price of $65,000 and a high of $143,000. However most astounding is the appreciation figures. The 1954′s 1 year appreciation is 30% and the 5 year appreciation figure is 85%. Who’s the stepchild now!

In perusing the market in search of examples we found the following:

1954 Polo White Corvette1954 Corvette Convertible, Blue Flame Six, powerglide, numbers match. Polo White paint with Sportsman Red interior and Beige Soft top. Body-off restored over a five year period with the top and interior being done by professional restorer, John Kennedy of Bountiful, Utah. Show condition! Optioned with powerglide, 3.55 rear, Wonderbar radio, e-brake warning light, windshield washers, courtesy lights, heater, hubcaps, and 6.70×15″ wide white tires. Most all factory correct type components including the spare, jack, jack tools, trunk mat, trunk liner, side curtain, side curtain bag, rebound straps, washer system, tar top battery, shifter, shielding, air cleaners, generator, side draft carbs, and #241 head. A very correct spectacular first generation Corvette that was a recent Bloomington Gold feature car. Looks, runs, and drives excellent. Offered by Proteam Corvette. $119,000

1954 Sportsman Red CorvetteFinished in stunning and rare Sportsman Red with correct Red interior. One of only 100 built, this spectacular motorcar was purchased in Southern California from a professor who acquired the car from its original owner, a GM factory engineer. This museum-quality Corvette is one of the very first three red Corvettes ever built by General Motors. It has only been driven 25,000 miles and has recently undergone a cosmetic restoration, including show quality paint, new interior, new tires and new top (original tires and interior are now boxed and goes with the car!). This spectacular motorcar has been examined by many Corvette experts and is believed to be one of the nicest original examples on the market today. It has the correct, numbers matching engine, correct carburetors and many early unique features such as dual hood releases, ultra-short (pre-Duntov) exhaust tips, correct date-coded side curtains with the storage case, original factory spare and so much more. eBay Buy-It-Now Price: $119,900

1954 Polo Blue Corvette2-owner 1954 Chevy Corvette. 1954 was the first year this car was produced in a color other than white. This Pennant Blue sportster will turn heads at every corner. Except for the paint, this baby is all original. The side curtains, the spare tire, the soft top, gauges, Wonder-Bar Radio, hub caps and even the original windshield-washer fluid container – all original!!! The radio works but the speaker needs to be connected. The Blueflame engine is all original and all numbers match. In 1954, 3230 whites were produced. Only 300 Pennant Blues were produced. This is truly one of the rare ones!!! There are some areas that can use some TLC – for example, the carpeting and driver’s seat. The driver’s side curtain is missing a small screw and both curtains need some work on the rubber trim. The car starts on first try and sounds like a dream. The Powerglide Automatic transmission shifts smoothly. eBay Current Bid: $25,655.00


Source:
Proteam Corvette
eBay

Related:
Appreciating Corvettes: Top 12 Price Gainers of 2007

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2008 Corvette 427 Limited Edition Z06

Today’s the day dealers can begin submitting orders for the 2008 Corvette 427 Limited Edition Z06. The Crystal Red Wil Cooksey signature edition pays homage to the fabled sixties big block and is limited to just 427 units in the US and 78 outside North America.

There are two ordering cycles for the 427 Limited Edition with the second cycle opening in two weeks. Only dealers who were allocated Z06s today are getting 427s, so all of this week’s Z06 allocations nationwide are for the 427 Limited Edition Z06.

The Z44 Option features a unique exterior paint scheme including a black “Stinger” hood, special chrome wheels, Dark Titanium Leather Wrapped interior and special 427 badges throughout. MSRP begins at $84,195.

The previous two limited edition Corvettes, 2007′s Ron Fellows ALMS GT1 Championship Z06 and the Indianapolis Pace Car both sold out very quickly and there is every indication that demand will be high for the first of two planned 2008 Limited Edition Corvettes. Making its debut in May will be the 30th Anniversary Limited Edition Indianapolis 500 Pace Car.

If you are interested in placing a deposit on the 427 Corvette Z06, better jump on the phones today and give our friend Dave Salvatore of Kerbeck Corvette a call at 1-877-537-2325. The nation’s #1 Corvette dealer has joined CorvetteBlogger.com as a sponsor and we are honored to be associated with perennial Corvette sales leader.


Sponsored by:
Kerbeck Corvette

Related:
Introducing the 2008 Corvette 427 Limited Edition Z06

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The Corvette ZR1's Eaton Supercharger

Yesterday’s excellent AutoBlog video with GM Small Block Assistant Chief Engineer Ron Meegan took us inside the Corvette ZR1′s LS9 engine. From that presentation we learned why engineer’s started with the base Corvette’s 6.2 Liter LS3 engine vs. the 7.0 Liter LS7 found in the Z06, as well as the various components that were upgraded to fulfill the quest of 100 horsepower per liter. Little did we know that video would be followed up with parts two and three, taking us further into the inner workings of the supercharger that powers the new King of the Hill. More after the jump.

Part two focuses on the Eaton Supercharger and Meegan again clearly explains how the 4-lobe supercharger works and the challenges GM engineer’s faced with mating it to Corvette’s 6.2Liter V8. Part three concludes the series with Meegan discussing the differences between the supercharged 6.2L V8′s found in the new Cadillac CTS-V sports sedan and the Corvette ZR1.


Source:
AutoBlog.com

Related:
[VIDEO] How It Works: Inside the Corvette ZR1′s LS9 Engine
Corvette ZR1 News Archive

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AutoBlog.com had the opportunity to talk with GM’s Assistant Chief of Small Blocks Ron Meegan who takes us step by step through the 6.2 Liter LS9 engine that will power the new Corvette ZR1. Ron tells us right from the start how engineers were targeting the 100 horsepower per liter mark and therefore why the decision was made to use the 6.2L engine vs the ZO6′s 7.0L LS7.

But perhaps the most informative part of the video is how Meegan gives us an engineer’s overview of specifically how the Eaton Supercharger was integrated into the 6.2L engine as well as the lengths GM’s engineers had go to strengthen the various components to be able to withstand the output of 620 horsepower.


Source:
AutoBlog.com

Related:
Corvette ZR1 News Archive

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February 2008 Corvette Sales

by Keith Cornett on March 4, 2008

February’s Corvette sales were very similar to January’s number with just over 2,000 Corvettes being delivered. The Year to Year comparison is in stark contrast to the month to month figures with a change of -25.6% from February 2007 compared with February 2008. So what the heck is going on with Corvette Sales?

My analysis is purely antidotal based solely on the public data I have access to but this is what we are seeing. There has been a drastic reduction in new Corvettes being delivered over last year. Secondly, the amount of new 2008 Corvettes available has grown by nearly 1,000 units to 6,455 in February compared to January’s 2008 Stock Report.

External factors play an important role in sales of sports cars. Adverse weather conditions throughout much of the country can dampen sales as well as growing concerns with a slowing economy.

If the current trends remain constant over the next four months, then the 2008 MY could possibly have the lowest model year production total since 1997′s introduction of the C5 Corvette. Unless Chevy reduces output and allows the market to absorb the cars that are currently on the ground it’s likely well see incentives to move the 2008′s and make way for the 2009′s that will begin to hit dealers in late summer.

2008 Corvette Delivery Statistics
Month Calendar Year-to-Date
Month 2008 2007 % Change Months 2008 2007 % Change
January 2,015 2,234 -9.8% Jan-Jan 2,015 2,234 -9.8%
February 2,071 2,784 -25.6% Jan-Feb 4,086 5,018 -18.6%


2007 Corvette Delivery Statistics
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%
May 3,300 3,317 -4.3% Jan-May 14,703 16,125 -8.8%
June 3,055 2,938 0.1% Jan-Jun 17,758 19,063 -6.8%
July 2,377 2,794 -11.4% Jan-Jul 20,135 21,857 -7.9%
August 2,877 2,990 -3.8% Jan-Aug 23,012 24,842 -7.4%
September 2,837 3,056 -3.5% Jan-Sept 25,849 27,903 -7.4%
October 2,484 2,761 -13.5% Jan-Oct 28,333 30,664 -7.6%
November 2,438 2,773 -12.1% Jan-Nov 30,771 33,437 -8.0%
December 2,914 3,081 -5.4% Jan-Dec 33,685 36,518 -7.8%


Corvette Stock Report:
A check of Jeff Hardy’s website shows a total of 6,455 2008 Corvettes on the ground. That’s an increase of 975 Corvettes compared with January’s 5,480 total.

  • 3,695 Corvette Coupes
  • 1,353 Corvette Convertibles
  • 1,407 Corvette Z06

According to the site, there are 1,191 2007 Corvettes still available at dealers across the nation.


Source:
GM.com
JeffHardy.com

Related:
January 2008 Corvette Sales

Sharon StoneA bizarre saga unfolded Sunday night at Elton John’s post-Oscar party. One of the highlights of the party is the celebrity auction with proceeds benefiting The Elton John AIDS Foundation. Longtime supporter Sharon Stone has donated cars in previous years to the event, but this year she made a bit of extra news when she decided to give her 1974 T-Top Corvette to the cause.

The Corvette, it was said, was valued at $40,000 and the expectation was that it would be sold for around $120,000. For what it’s worth, the High price for a 1974 T-Top in our Corvette Price Guide is only $19,900, but this is Hollywood we’re talking about. Read the rest of this story after the jump.

So the auction for the Corvette starts and unfortunately for all involved, an unidentified bidder opened the bidding at $1 Million. The audience, obviously stunned by the opening ante, sat on their hands and let the bidder win. But when it came time to settle up, the bidder explained that he didn’t have the money to buy the Corvette. He said his plan was to make a big bid and then drop out as soon as someone bid more.

The Corvette went unsold. The AIDS foundation lost an expected contribution. And Sharon Stone was not amused…

The story reinforces two important lessons about bidding for cars at auctions.

  • Never be the guy to open the bidding. Let someone else set the opening mark.
  • Never bid unless you intend to buy.

And while I can’t say what was going through the mind of Sharon Stone’s deadbeat bidder when he called out $1 Million, I am betting that there is a third and final lesson to this story:

  • Never indulge in alcoholic beverages if you plan to bid (and buy) at an auction.


Source:
BostonHerald.com via TopSpeed.com

Related:
Dazed But Not Confused: McConaughey’s 71 Corvette on eBay

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Pratt and Miller’s Corvette C6RS Goes Topless

by Keith Cornett on February 26, 2008

Jim Miller's Corvette C6RS

As the co-owner of Pratt and Miller, builders of Corvette Racing’s C6.Rs, Jim Miller probably gets a lot of perks with his job. While free tickets to all the ALMS races and LeMans would be sweet, we think receiving the first production Corvette C6RS roadster is just about the coolest fringe benefit ever!

The Corvette C6RS burst on the scene last fall at SEMA with a conversion of Jay Leno’s personal Corvette Z06 into the mean green E85 C6RS. Shortly thereafter, Pratt and Miller announced a limited run beginning in April 2008 with an expected peak at 25 units. The Corvette C6RS isn’t for those with weak constitutions. Powered by a Katech 8.2 liter 500 ci V8 that produces 600 horsepower and 600 lb.-ft of torque, the C6RS employs many of the components and characteristics used by Pratt and Miller on Corvette Racing’s C6.R GT1 racecars.

Corvette C6RS pricing information and additional photos are after the jump.

But perhaps the most stunning aspect of the Corvette C6RS is its price. For the cost of a donor Corvette + $185,000, all that performance and styling upgrades can be yours. With the Corvette ZR1 beginning production in July, we wonder how much in demand the Corvette C6RS will be. Still, for those that want something a bit different, a Corvette C6RS from Pratt and Miller is a walk on the wild side of Corvette performance.

Pratt and Miller's Corvette C6RS Pratt and Miller's Corvette C6RS Pratt and Miller's Corvette C6RS
Pratt and Miller's Corvette C6RS Pratt and Miller's Corvette C6RS Pratt and Miller's Corvette C6RS

Visit the gallery at Pratt & Miller to view more behind the scenes photos on converting a Corvette to the Corvette C6RS.

Source:
Pratt & Miller via Autoblog.com

Related:
Green Gets Mean: The Skinny on Jay Leno’s E85 Corvette C6RS
Video: Jay Leno’s E85 C6RS Corvette Reveal

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RM Auctions Ft. Lauderdale: $3.1 Million in Corvette Sales

by Keith Cornett on February 25, 2008

1967 427/435 Corvette Roadster

RM Auctions continues to dazzle with the high quality Corvettes they bring together to sell at their auctions. Over the weekend of February 15-17, RM Auctions presented 44 Corvettes for sale at their Collector Cars of Fort Lauderdale auction. Of the 44 Corvettes to cross the block, 25 were hammered home as a sale resulting in a 62% sales success for the Corvettes.

Of the top Corvette sales, four of the five were 1967 427 ci big block cars. The top seller was a Tuxedo Black 427/435 hp 1967 Corvette Roadster which sold for $178,750. The triple black Corvette featured only 13 miles since a ground up restoration and was a 2007 Bloomington Gold winner. Numbers 2 and 3 on the top sales list were highly optioned 1967 Corvettes with the L68 427/400 hp engine. They sold for $167,500 and $155,100 respectively. The non-67 Corvette to break the top five was a 1957 Fuel Injected Corvette Roadster. The rare Inca Silver C1 fuelie sold for $154,000.

RM Auction’s next event will be held March 8th at the Ritz Carlton on Amelia Island, Florida as they present The Automobiles of Amelia Island.

The complete Corvette sales results from RM’s Collector Cars of Fort Lauderdale are after the jump.

Lot Year Description Sales Price Result
SP891954Chevrolet Corvette Roadster$95,700Sold
NR331954Chevrolet Corvette Roadster$61,600Sold
SP561957Chevrolet Corvette FI$154,000Sold
4221957Chevrolet Corvette Roadster$41,250Sold
1931958Chevrolet Corvette$62,000Bid
SP1161958Chevrolet Corvette$69,300Sold
SP1141960Chevrolet Corvette Roadster$62,000Bid
SP931961Chevrolet Corvette Roadster$70,950Sold
SP1531962Chevrolet Corvette 327/300$60,500Sold
SP971962Chevrolet Corvette FI$63,000Bid
6081962Chevrolet Corvette Roadster$62,000Bid
4441962Chevrolet Corvette Roadster$148,500Sold
SP1281962Chevrolet Corvette Roadster$51,700Sold
SP601963Chevrolet Corvette Coupe FI$94,600Sold
SP861963Chevrolet Corvette Roadster FI$71,500Sold
SP1571964Chevrolet Corvette Coupe$46,200Sold
SP1121966Chevrolet Corvette 327/350 Tanker$85,000Bid
NR271966Chevrolet Corvette 327/300$48,400Sold
SP271966Chevrolet Corvette 327/350$40,000Bid
SP1061966Chevrolet Corvette 427/390$104,500Sold
SP741966Chevrolet Corvette 427/425$140,000Bid
SP1511967Chevrolet Corvette$115,000Bid
1941967Chevrolet Corvette LT-1 Resto$70,000Bid
6031967Chevrolet Corvette 427/400 Air$167,500Sold
SP281967Chevrolet Corvette 327/300$55,000Bid
SP851967Chevrolet Corvette 427/435$148,500Sold
SP481967Chevrolet Corvette 427/400$155,100Sold
NR111967Chevrolet Corvette 427/435$80,300Sold
SP911967Chevrolet Corvette 427/435$178,750Sold
SP1221967Chevrolet Corvette Roadster$45,000Bid
SP1631967Chevrolet Corvette Roadster 427/400$94,600Sold
SP261968Chevrolet Corvette 427/435$67,000Bid
1291970Chevrolet Corvette$25,000Bid
NR411970Chevrolet Corvette Roadster$27,500Sold
NR081971Chevrolet Corvette$19,250Sold
SP1591971Chevrolet Corvette$28,000Bid
SP161978Chevrolet Corvette Indy Pace Car$25,500Bid
6171978Chevrolet Corvette Indy Pace Car$28,600Sold
6111982Chevrolet Corvette$11,550Sold
SP041987Chevrolet Corvette $4,840Sold
SP021990Chevrolet Corvette ZR-1$22,000Sold
SP031990Chevrolet Corvette ZR-1$25,575Sold
SP941998Chevrolet Corvette Indy Pace Car$30,800Sold
SP142004Chevrolet Corvette Roadster$70,000Bid
 
Total Sales: $3,128,065 62% Sold


Source:
RM Auctions

Related:
Mecum Kissimmee 2008 Results: $4.5 Million in Corvette Sales

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Corvette Racing Confirms Driver Lineup

by Keith Cornett on February 23, 2008

Corvette Racing's Driver Lineup for 2008

All six drivers of Corvette Racing have returned to campaign in 2008 for the American Le Mans Series Championship and what Ron Fellows calls the Super Bowl of Racing – the 24 Hours of LeMans. And yes, the 4-time recipient of the ALMS Most Popular Driver Award Ron Fellows is returning, joining Johnny O’Connell and Jan Magnussen in the #3 Corvette C6.R. Back to defend their 4-year Championship winning streak are Oliver Gavin and Olivier Beretta in the #4 C6.R, with Max Papis joining for the endurance races.

Racing will get interesting again in the ALMS GT1 category with a full time competitor in the form of an Aston Martin DBR9 from Bell Racing. In June the teams face last year’s LeMans winning Prodrive DBR9 and seven others in the LMGT1 class. Corvette Racing has seven consecutive podium finishes at LeMans and you can bet the #4 team is anxious to take care of some unfinished business.

Glad to have all the guys back. It says a lot about the racing program that can keep these caliber of drivers in the fold year after year.

The full press release is after the jump.

Corvette Racing Confirms 2008 Driver Lineup

Chevrolet’s Championship-Winning Team Returns for American Le Mans Series and 24 Hours of Le Mans

DETROIT – Corvette Racing’s roster of championship-winning drivers will return in 2008 to race the Chevrolet factory team’s twin Compuware Corvette C6.R race cars in the 12-race American Le Mans Series and the 24 Hours of Le Mans. Johnny O’Connell and Jan Magnussen will drive the No. 3 Corvette C6.R, joined by Ron Fellows for three endurance races (Sebring, Le Mans and Petit Le Mans). Oliver Gavin and Olivier Beretta will drive the No. 4 Compuware Corvette C6.R, teamed with Max Papis in long-distance events.

“Continuity and consistency are two of the cornerstones of Corvette Racing’s success, and that is reflected in our longstanding relationships with these championship-winning drivers,” said Steve Wesoloski, GM Racing Road Racing Group manager. “They thoroughly understand the team’s overall objectives, and they are total professionals both on and off the race track. We’re very proud to have these six drivers as part of the Corvette Racing family.”

Corvette Racing’s six drivers have a combined total of 135 ALMS victories, 13 ALMS championships, and 17 class victories in the 24 Hours of Le Mans. They’ve been successful in series that span the spectrum of motorsports from karts to Formula 1.

Ron Fellows, the charter member of the Corvette Racing fraternity, has been part of the team since initial testing began in 1997. A four-time winner of the ALMS Most Popular Driver award, the Canadian star will attend selected ALMS races as a consultant and Corvette ambassador when he is not racing. Fellows also intends to compete in selected NASCAR Sprint Cup and Nationwide Series road races.

“It’s been very special to be a part of Corvette Racing since Day One,” Fellows said. “People around the world now recognize and respect the Corvette brand as a result of the success in top-level racing that the team has achieved over the years. It’s also been very gratifying to see how the race program has been integrated with the production Corvette, first with the sixth-generation Corvette and the Z06, and now with the Corvette ZR1.”

Like every member of the Corvette Racing team, Fellows has his eyes firmly fixed on the GT1 prize at the 24 Hours of Le Mans: “Le Mans is our Super Bowl,” he said. “It’s such an important race, and competing there is something I’m not ready to give up yet.”

Oliver Gavin and Olivier Beretta are seeking their fourth consecutive GT1 drivers championship in 2008, and the teammates are aiming to win their fourth Le Mans title in five years.

“No one is complacent at Corvette Racing,” Gavin said. “We all know that our jobs are highly sought after, and I begin each season with the thought that we are starting with a clean sheet of paper and I have to prove myself again. Our teammates in the No. 3 Corvette C6.R will be racing the wheels off to beat us, and we’ll be doing the same to beat them as well as the Aston Martin. There are very sharp people in the team who are constantly analyzing every performance, making sure that everyone is at the top of their game.

“Continuity in the lineup means that you know how your teammates think and respond to situations,” Gavin explained. “This familiarity allows each of us to get the job done in the most efficient way, and that’s usually what produces the best result.”

Corvette Racing will make its season debut in the opening round of the 12-race ALMS series, the Mobil 1 Twelve Hours of Sebring, on March 15, 2008.

Corvette Racing Drivers
(Note: Detailed driver profiles are available online at
http://media.gm.com/division/gmracing/press_kits/08racing/index.html)

Olivier Beretta, Compuware Corvette No. 4
Birthdate: Nov. 23, 1969
Residence: Monte Carlo, Monaco

Notes: Five-time ALMS GTS/GT1 champion, five class wins in 24 Hours of Le Mans, holds ALMS records for most career wins (37) and most career poles (20), two FIA championships, overall victory in 2000 Rolex 24 at Daytona

Ron Fellows, Compuware Corvette No. 3
Birthdate: Sept. 28, 1959
Residence: Mississauga, Ont., Canada

Notes: Four-time ALMS Most Popular Driver award (2004-07), three-time ALMS champion, two 24 Hours of Le Mans class wins, 19 SCCA Trans-Am wins, five NASCAR wins (two NCTS, three NNS)

Oliver Gavin, Compuware Corvette No. 4
Birthdate: Sept. 29, 1972
Residence: Yardley Hastings, England

Notes: Three-time ALMS GT1 champion, 28 career ALMS class victories, four class wins in 24 Hours of Le Mans

Jan Magnussen, Compuware Corvette No. 3
Birthdate: July 4, 1973
Residence: Roskilde, Denmark

Notes: Three class wins in 24 Hours of Le Mans, 14 career ALMS wins, former Formula 1 driver, twice voted “Most Popular Driver” in ALMS, 2005 Danish Racing Driver of the Year

Johnny O’Connell, Compuware Corvette No. 3
Birthdate: July 24, 1962
Residence: Flowery Branch, Ga.

Notes: Two-time ALMS GT1 champion, 28 career ALMS wins, six Sebring 12-hour class victories, holds ALMS records for most starts (84), most podium finishes (63), most top-five finishes (76) and most top-10 finishes (82)

Max Papis, Compuware Corvette No. 4
Birthdate: Oct. 3, 1969
Residence: Mooresville, N.C.

Notes: Daytona 24-hour winner, two Sebring 12-hour victories, three CART wins, 2004 Grand-Am Daytona Prototype champion


Source:
CorvetteRacing.com

Related:
Corvette Racing Moves to E85 for 2008 ALMS Season
Corvette Racing Will Return To ALMS GT1 in 2008

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1953 Corvette Roadster

Today we conclude our annual Corvette pricing series by taking a look at the Corvette generational pricing highlights of 2007. The years continue to be good for Corvette owners. Nearly all Corvettes from 1953-1982 are showing appreciation. Many C4 Corvette models have turned the corner and are beginning to show modest increases. And finally, depreciation is happening where it should – the C5 and new C6 corvettes.

1953-1962:
This generation is the appreciation trend leader for the Corvette resale market. Appreciation results are from +6% to +192% – quite a range. At 6% there was the 1961 model at an average price of $44,000. Most of the first generation Corvette information was covered in the appreciation overview. We expect these models to continue as the appreciation leaders in 2008.

1963-1967:
The mid-years will always be a popular series with the Corvette enthusiast. The unfortunate results of this popularity is that they are becoming out of purchase range for the average Corvette buyer. The appreciation range was between +6 – +19% with several models in the 6% column. The 1964 Coupe continues as the entry level for this series at an average price of $33,500 and shows a 6% appreciation factor.

1968-1982:
The average price range for this generation was from $9,200 (1978 T-Top) to $27,900 (1969 Roadster). The appreciation range reflected from a position of ‘No Change’ to +17% as shown on our chart. Only one model reflected depreciation, the 1982 Collector at an average price of $18,000 that reflected a (-4%) change.

1984-1996:
In this category, excluding the Grand Sport models, seventeen of the models are showing appreciation numbers in average price of +1% to +9%. An example of this group at +9% was the 1990 ZR1. In the negative department, the range was (-1%) to (-13%) where the (- 13%) depreciation representative was the 1987 Roadster. Average prices spanned from $8,700 (1984 Coupe) to $41,700 (1995 ZR1).

1997-2004:
The prices of the early models in this generation (1997-2000) were below the $20,000 mark. At these kinds of prices one buys a considerable amount of Corvette performance, handling, technology and comfort and convenience features. These may become the entry level Corvettes for first time buyers. None have yet been identified as showing appreciation, however the 1999 first year Hard Top is showing a (-6%) depreciation factor rather then double-digits at $17,900.

2005-2008:
The Coupes in this series are showing single-digit depreciation of (-6%) to (-9%). The 2006 Roadster and 2006 Z06 are at (-10%) and (-11%). If past history is any indication, we expect all models to reflect double-digit depreciation during this year.

Order the 2008 Corvette Price Guide

2008 Corvette Price GuideThe 2008 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 2007′s top 10 depreciating Corvettes. 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:
Depreciating Corvettes: Top 10 Price Declines of 2007
Appreciating Corvettes: Top 12 Price Gainers of 2007
2008 Corvette Price Guide: 1953 Corvette Values up 192%

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