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Appreciating Corvettes: Top 12 Price Gainers of 2006

by Keith Cornett on February 7, 2007

Corvette continues with another great year that ended on December 31, 2006. The new models continued to impress the consumers with media recognition and numerous awards. In the Corvette resale arena, once again our concept of “Vette-N-Vestments” continued to move up the model years with positive results in average price. As shown in our 2007 Corvette Price Guide, positive results convey through the third generation Corvettes, 1953-1982. The fourth generation Corvettes, 1984-1996, there are 30 of the 38 models showing no change or positive results in resale value appreciation. The good news continues with the fifth generation Corvettes, 1997-2004 with three models showing positive results and two reflecting no change compared to none in this classification one year ago.

TOP APPRECIATION MODELS
Year Model % Change Average Price
1968 T-Top 17% $19,500
1973 T-Top 16% $13,900
1954 Roadster 15% $50,600
1971 T-Top 15% $19,500
1971 Roadster 15% $23,500
1963 Roadster 13% $36,000
1970 T-Top 13% $21,300
1958 Roadster 12% $46,200
1962 Roadster 12% $45,000
1965 Coupe 12% $38,300
1965 Roadster 12% $40,200
1966 Roadster 12% $44,000
Once again we have identified the top Corvettes from an average price appreciation perspective. We had previously called this our “Top Ten” Chart, however, it has now been increased to TWELVE based on five models showing an appreciation of 12%. Of interest is the generation spread on the “Top 12 Appreciation Chart”. The chart covers three generations of Corvettes with the results rather evenly spread among them. Most likely the reason for new arrivals on the chart is that the Corvette enthusiast, both new and old, have realized they can be the proud owner of a Corvette regardless of price, year or body style. It is quite apparent that pre-1984 models continue to appreciate. Many of today’s buyers do not have the funds to step up to the 1953-1967 models so they are “investing” in the 1968-1982 models with many of these showing appreciation levels comparable to the S&P Stock Market Index. Should there be a market correction in the near future, these owners will still know they have the satisfaction of driving their investment. 1968 T-Top CorvetteHeading the top of the average appreciation chart is the 1968 Corvette T-Top at 17% average appreciation over a year ago. The 1968 T-Top has made our “Top Ten” list for the past three years. The two year appreciation factor for this model was 31% and the five year growth was at 63% – certainly better than the market in almost any regard. Adding to the interest in the 1968 T-Top is the long list of optional motors available, including the very collectable L- 88, 427/430 of which only 80 units were built. Close behind is the L-89 with the aluminum heads for the 427/435 motor. Only 624 of these were built. One may wonder why the 1969 model did not make the top appreciation list this year since it is virtually the same body style as the 1968 models along with the same motor options. Historically, buyers initially stayed away from the 1968 model year in part due to the numerous engineering changes/modifications that were incorporated into the 1969 model year. That is changing. In recent years we had noted a run-up in 1969 model year prices and these prices stabilized this year, so no record appreciation growth for the 1969 models in 2006. 1973 T-Top CorvetteThe number two appreciation spot was somewhat of a surprise showing the 1973 T-Top at 16%. Evidently the new front bumper treatment that makes the 1973 model unique coupled with its traditional rear chrome bumpers and new front end had not been a problem for consumers in the recent resale market. This model still remains priced at $5,000 below its T-Top predecessors.
1954 Corvette RoadsterHolding down third position was one of the early models, a 1954 Roadster, always a classic. For a number of years, the appreciation factor of this model was at a minimum. Our 2004 and 2005 Price Guides showed the average price for the 1954 Roadster to be in the mid to upper thirties. One year ago it made the top ten list showing a 12% appreciation factor at $43,900. This year it has broken the $50,000 threshold at $50,600. With the 1953 “look-alike” selling at an average price of over $100,000, the 1954 model, available in a number of rare colors, has whet the appetite of first generation enthusiasts. 1971 T-Top CorvetteThe appreciation chart continues with the 1971 T-Top and Roadster along with the 1970 T-Top. Again the collectability and appreciation factor of the early models of the third generation Corvette is being realized by the consumer, consequently the average resale price is being driven to record levels. The word on the street is, “if it has a chrome bumper, buy it!”
1958 Corvette RoadsterAnother perennial contender on the appreciation chart is the 1958 Corvette with its unique, one year only, louvered hood and dual chrome strip on the trunk lid. When introduced, the media had mixed emotions on the new body style. It was a ‘love it’ or ‘hate it’ affair. Today it seems the Corvette enthusiast is more interested in ‘love’.
1962 Corvette RoadsterThe 1962 Corvette, last of the solid axle Corvettes, reappears on the appreciation chart. The last year mystic of its generation was instrumental in its appearance on the list again this year. Evidently the same desire shown the 1967 model in the mid-year generation is bringing buyers to the 1962 model, last of its generation. Speaking of mid-years, the appreciation chart closes out with three of these classics represented. These models have been under-priced when compared to the 1967 models. They too, offer several high performance motors and rare options to entice buyers in the resale market. Tomorrow, we’ll post our list of Corvettes with the highest depreciation. The 2007 Corvette Price Guide contains data from the sales of over 5,800 Corvettes from last year 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. Available now for $20 through the VetteFinders.com online store. Shipping is now free.
Source:
VetteFinders.com
Data Provided by Vette-N-Vestments Related:
VetteFinders.com Releases Annual Corvette Price Guide Technorati Tags:
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VetteFinders.com Releases Annual Corvette Price Guide

by Keith Cornett on February 6, 2007

2007 Corvette Price GuideOur Corvette classifieds website VetteFinders.com has released the annual Corvette Pricing Guide and later this week, I will be posting an analysis of the Corvette Pricing Trends from 2006 on CorvetteBlogger.com. This year marks the 7th annual release of Corvette pricing data and it remains a feature unique to VetteFinders.com in the online Corvette classified’s arena. The 2007 Corvette Price Guide contains data from the sales of over 5,800 Corvettes from last year 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 115 different Corvette models spanning 1953-2007. The printed version, which contains High/Low and Average prices as well as appreciation/depreciation percentages is available for $20 and can be purchased through the VetteFinders.com online store. Shipping is now free. The top appreciation gainers include the 1968 T-Top Corvette, which grew in value over 2005’s prices by 17% and the 1973 T-Top Corvette, whose prices averaged 16% over the previous year. The 1968 T-Top has made our “Top Ten” list for the past three years. The two year appreciation factor for this model was 31% and the five year growth was at 63% – certainly better than the market in almost any regard. The number two appreciation spot was somewhat of a surprise showing the 1973 T-Top at 16%. Evidently the new front bumper treatment that makes the 1973 model unique coupled with its traditional rear chrome bumpers and new front end had not been a problem for consumers in the recent resale market. This model still remains priced at $5,000 below its T-Top predecessors. We’ll have more on the top models from both an appreciation and depreciation perspective later this week. Data from the price guide comes from analyzing the selling prices of over 5,800 Corvettes during 2006 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 monthly Corvette Market Letter. Regarding this year’s analysis, Bob said “In the Corvette resale arena, once again our concept of “Vette-N-Vestments” continued to move up the model years with positive results in average price. In fact, all models from 1953-1982 show positive growth in values over the previous year.”
Source:
VetteFinders.com
Data Provided by Vette-N-Vestments Related:
Gathering Pricing Knowledge Technorati Tags:
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PRS Custom Guitar Commemorates Ron Fellows Z06 Corvette

by Keith Cornett on February 5, 2007

Ron Fellows Custom PRS GuitarIt’s a good week to be Ron Fellows. First, the Canadian-born C6.R pilot gets a very special limited-edition Z06 Corvette named after him for his nine years of accomplishments in the ALMS with Corvette Racing. And now, he’s presented with a one-of-a-kind custom Paul Reed Smith guitar that resembles the paint scheme of his signature Corvette. PRS Guitars has been a sponsor of Corvette Racing since 2005, and since the hookup, has built 400 custom Corvette Z06-branded guitars, offered in the same colors as the Z06. The special PRS guitar is based on the PRS Corvette Standard 22. Ron is a guitarist and already owns a PRS guitar.

“Having a car named after me is amazing…having a one-off guitar made to commemorate this moment makes it even more special. Let’s face it, I’m just a Neil Young wannabe. I love music; this instrument will have a great home in my growing collection of wonderful guitars”, says Ron Fellows. Jack Higginbotham, President of PRS Guitars adds “We have enjoyed a great synergistic relationship with Corvette and the Corvette Racing Team. High performance, made in America, high quality and an aspirational appeal are just some of the common ties that help to form the partnership. We own Corvettes, put them on track, and enjoy the performance and quality that has been engineered into the cars. We hope that owners of PRS guitars derive the same pleasure as we do from our Corvettes.”
You can see the PRS guitars at PRSGuitars.com
Source:
ModernGuitars.com Related
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Corvette Featured in Chevy Super Bowl XLI Commercial

by Keith Cornett on February 5, 2007

It was called the “Ain’t We Got Love” Super Bowl XLI spot and Corvette makes three appearances. A red midyear (63 or 64?) was shown first, immediately followed by Corvette Racing’s Number 3 C6.R. Was that Johnny O’Connell rapping? The spot ended with Dale Earnhardt Jr in a convertible C6. Check it out again:


Source:
YouTube.com Related
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Is This The New 2008 Corvette Wheel?

by Keith Cornett on February 4, 2007

Is this the new 2008 Split-Spoke Corvette Wheel?Last week’s unveiling of the Indianapolis 500 Pace Car Replica has now caused a secondary stir among enthusiasts. Appearing on the Replica is a set of split-spoke wheels not yet seen on any other production Corvette. In January, we posted Advance 2008 Corvette Production Info which mentions a new split-spoke wheel design. So what do Corvette enthusiasts think about the new wheel? A poll on CorvetteForum.com says no. With nearly 300 votes as of Sunday morning, 49.8% voted NO, 31.7% votes YES and 18.5% were UNDECIDED. So what are your thoughts on the wheel?
Source:
DigitalCorvettes.com
CorvetteForum.com Related:
Corvette Convertible to Pace Indianapolis 500
Advance 2008 Corvette Production Info Technorati Tags:
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Europe to get LeMans Victory Edition Corvette

by Keith Cornett on February 3, 2007

2007 Victory Edition Corvette CoupeCompleting GM’s trifecta this week of news about limited production Corvettes with ties to racing, I came across an international news story that GM may also be preparing to launch a special edition Corvette for the European Market. Celebrating the success of Corvette Racing at LeMans, a very limited series of 250 “Victory Edition” Corvettes will be produced. The Victory Edition Corvettes will be available in either Black or Velocity Yellow with Competition Grey wheels. Highlighting the interior are two-tone leather seats and Corvette flag emblems, a carbon fiber look interior trim and the unique numbered “Victory Edition” badge. The Corvette Coupes will be powered by the LS2 6L V8 with the choice of a 6-speed manual or the 6-Speed paddle shift with automatic mode. Every “Victory Edition” Corvette will get a numbered car identification interior badge. Buyers are invited to participate in a 1 day free Corvette Drivers Training event with professional instructors at selected race tracks across Europe. The VE Corvette will be available in Europe at the beginning of March 2007. Last year there were 1,250 Corvettes sold in Europe, so based on recent trends, the “Victory Edition” Corvettes could possibly comprise 20-25% of total Corvettes sold. No official word yet on the wording on the badge, but we’re hoping for something that says “Corvette Kicks Ass.”
Source:
DueMotori.com Related:
Corvette Convertible to Pace Indianapolis 500
GM Confirms Ron Fellows ALMS GT1 Champion Corvette Z06 Technorati Tags:
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TIVO Alert: Corvette on Speed’s Victory By Design

by Keith Cornett on February 2, 2007

This is the show hosted by Alain DeCadenet. The Corvette episode is 60 minutes long and is followed by a 30 minute “Making of” episode. Knowing that Alain was able to procure and drive various one-of-a-kind, tens-of-millions-dollar-value Ferraris (Including important race cars) for that marque’s episode, the Corvette episode should be real interesting. The show airs tonight at 9:00 pm Est on Speed with a reairing at 1:00 am EST. Looks like a member of CorvetteForum.com has volunteered to post a copy of the show in the morning. If there is a link available, we’ll link you over to it.
Source:
CorvetteForum.com Technorati Tags:
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January 2007 Corvette Sales

by Keith Cornett on February 2, 2007

In the month of January, Corvette sales declined significantly from December and are down as well in the year to year number. 2,234 Corvettes were sold in the month of January 2007, 847 cars less than the 3,081 Corvettes in December 2006 and 345 cars less than January 2006′s total of 2,579. While the December to January sales decline looks like a large drop, historically we find that sales of Corvettes in January are much lower than what they were at the end of the calendar year. Each month we will add the sales figures to the graph below and carry it over to each new report.

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%

Source:
General Motors Related:
December 2006 Corvette Sales Technorati Tags:
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Corvette Convertible to Pace Indianapolis 500

by Keith Cornett on February 1, 2007

For the ninth time in its history including the last 4 years in row, Corvette will serve as the official Pace Car of the Indianapolis 500. Since making its debut at the brickyard in 1978, Corvette has also paced “The Greatest Spectacle in Racing” in 1986, 1995, 1998, 2002, 2004, 2005 and 2006. This year’s 91st Indianapolis 500 takes place on May 27, 2007. To celebrate this momentous occasion, Chevrolet will be producing 500 special-edition replicas for sale to the public. This will be the first time since 1998 that Chevrolet has produced a replica Indy 500 Pace Cars. Ed Peper, Chevrolet general manager said “Chevrolet and Corvette have a long, storied history at Indianapolis, and the new Pace Car special edition commemorates that heritage with what will surely be an instant collectible.”

2007 Corvette Indianapolis 500 Pace Car 2007 Corvette Indianapolis 500 Pace Car 2007 Corvette Indianapolis 500 Pace Car
2007 Corvette Indianapolis 500 Pace Car 2007 Corvette Indianapolis 500 Pace Car 2007 Corvette Indianapolis 500 Pace Car
The 2007 Indianapolis Pace Car Replica Corvette features:
  • Atomic Orange exterior color, including door handles
  • Indianapolis 500 exterior graphics – including gold ribbon graphics that flow outward from the front fender vents and “Indianapolis 500″ door logos
  • Special Indianapolis 500 fender badges
  • Z06 rear spoiler
  • New aluminum “split-spoke” wheels in Sterling Silver
  • Ebony seats with embroidered Indianapolis 500 logos
  • Interior trim plate and pods painted Atomic Orange
  • Atomic Orange engine covers All of the Pace Car replicas are equipped with the Z51 performance package. A six-speed manual transmission is standard, with the six-speed paddle-shift automatic optional. The navigation system with Bose audio and OnStar also are standard.
    Source:
    General Motors
    Indianapolis 500 Related: Corvette to Pace 2007 Daytona 500 Technorati Tags:
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  • GM Confirms Ron Fellows ALMS GT1 Champion Corvette Z06

    by Keith Cornett on February 1, 2007

    The much talked-about Ron Fellows ALMS GT1 Champion Z06 Corvette will make its debut at the Chicago Auto Show later this month GM announced today. Confirming the rumors that started late last year, the signature Z06 Corvette features the Z06 with Artic White exterior, red interior and the long standing red driver side GT1 hash marks that first appeared 11 years ago on the limited edition Grand Sports. Only 399 of the hand-signed special-edition Corvettes will be offered. In other words, when they’re gone, they’re gone. Ed Peper, Chevrolet General Manager said this about Ron Fellows:

    “Ron Fellows is also a part of Chevrolet’s racing heritage, and he has been instrumental in the remarkable success of the Corvette Racing team in the American Le Mans Series. The special signature-series Z06 model that bears his name will forever link him to one of the greatest eras in factory racing, which has produced six consecutive ALMS GT1 manufacturers championships, and counting.”
    The Special Edition Corvette will be on display alongside the new Indianapolis 500 Pace Car Corvette Convertible at the Chicago Auto Show February 8th – 18th.
    Ron Fellows ALMS GT1 Champion Z06 Corvette Ron Fellows ALMS GT1 Champion Z06 Corvette Ron Fellows ALMS GT1 Champion Z06 Corvette
    Ron Fellows ALMS GT1 Champion Z06 Corvette Ron Fellows ALMS GT1 Champion Z06 Corvette Ron Fellows ALMS GT1 Champion Z06 Corvette
    GM Press Release: The Ron Fellows ALMS GT1 Champion Corvette Z06: Marking his championship tenure with Corvette Racing’s GT1-class domination in the ALMS, Corvette racing living legend Ron Fellows is celebrated with a specially prepared 2007 Corvette Z06 production model. All are distinguished by Arctic White paint (including the door handles) that is accented with a racing-style fender stripe and Ron Fellows’ autograph. The front fender graphics are reminiscent of the identifying graphics of the Corvette GT1 race car. They feature double Monterey Red Metallic stripes with Machine Silver borders and Fellows’ autograph in a contrasting Victory Red shade, along with the callouts of the championship years when he was at the wheel. There is also a maple leaf logo motif incorporated with the graphics, a nod to Fellows’ Canadian heritage. Indeed, the red-over-white color scheme of the car’s paint and graphics represents Canada’s colors. This special Corvette Z06 is the first signed special edition in Corvette’s 54-year history, and is the first Arctic White Z06 ever offered. Only 399 are planned for production: approximately 300 for the United States, 33 for Canada and 66 for other export markets. Exterior cues include a full-width racing spoiler and a unique windshield banner. Additional standard equipment includes the well-equipped 2LZ package and chrome wheels. Special interior appointments include:
  • Red seats, center console, door panels and instrument panel
  • Red, leather-covered armrest with a Corvette-signature “cross flags” logo that is hand-signed and numbered by Ron Fellows
  • Tech pattern interior trim An accomplished road racer, Ron Fellows is inextricably woven into the Corvette Racing team’s success. He helped test and develop the first Corvette C5.R race car and recorded the team’s first win in 2000. Fellows also grabbed the ALMS GTS class championship in 2002 and shared that position in 2003 and ’04. Fellows has been a part of all six consecutive ALMS GT1 manufacturers championships for Chevrolet, and was voted the most popular ALMS driver in 2004 and ’05. Additionally, he has slipped behind the wheel of NASCAR Nextel Cup Chevy Monte Carlo SS race cars when the series hits road courses. He’s also scored a pair of NASCAR Craftsman Truck series wins, three NASCAR Busch Series wins, 19 SCCA Trans Am wins and was the GM Player’s Challenge champion in 1989. The Ron Fellows ALMS GT1 Champion Corvette Z06 will be available this spring. It carries an MSRP of $77,500, including destination. OnStar and the navigation system are the only options; and when equipped with them, the price is $79,945.
    Source:
    General Motors Related: Is A Ron Fellows Edition Z06 Corvette On The Way? Technorati Tags:
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