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World’s Ugliest Corvette

by Keith Cornett on February 5, 2006

Sometimes people go too far. Jesus, if you’re going to f*** up a Corvette, do it at the track. GM has already spent millions of dollars on styling so you don’t have to. The Mickey Mouse on the rear quarter panel will do zero for resale value. Besides, where does one find matching parts?


Exterior

Interior

Engine

See Vegas in a Vette

by Keith Cornett on February 1, 2006

GM is bringing a hands-on driving experience to Las Vegas in what the automaker is calling “The Drive”. Tourists will be able to get behind the wheel of a Corvette, Hummer or Cadillacs and take drive them around an 11-acre tract at the North end of the Strip behind the Sahara Hotel and Casino. The driving attraction features two courses: A high-performance paced loop and an off-road adventure trail with a tunnel, hill climb and obstacles. Of course, a GM professional driver will be riding shotgun to “enhance” the experience. Admission to both tracks of “The Drive” will be $10 to $15 a person. The attraction is open to visitors 18 and up who have a valid driver’s license and can prove they’re sober, which means taking a Breathalyzer test. “The Drive” is scheduled to open in March or April and will last for six months although it could become a permanent feature in the future. GM paid an estimated $6 million for the promotion and part of deal allows for GM to become an advertising partner of the Las Vegas Monorail system.

Is GM Cutting Dealer Z06 Allocations?

by Keith Cornett on January 31, 2006

From reading the various forum threads where dealers are known to post, it seems some are upset about the 2nd half allocation letters GM sent to its dealers last week. The letters project the total Z06′s Corvette dealers can expect to receive between February and May 2006. While it appears that the same number of Z06′s are being produced, GM may be cutting allocations from some of its dealers with more volume so that they can get Z06′s into the hands of some of their 3rd and 4th tier dealers. Due to the demand for the Z06, some dealers have reportedly marked up the Z06 $15,000-$20,000 over MSRP. Other dealers are taking orders for the 2007 model year and beyond. Looks like the buyer that wanted to “wait and buy it later in the model year and save a couple grand” is out of luck. Here is a copy of an allocation letter with the dealers information removed: ————– XXXXXX
XYZ Chevrolet
123 Main Street
Anywhere, ST XXXXX
Attention: Dealer Operator and New Car Sales Manager Subject: Corvette Z06 Allocation Projection The 2006 Corvette Z06 distribution plan includes the provision of an extended allocation projection to all eligible Corvette dealers. This is a projection and not a commitment but is intended to assist dealers in managing customer expectations in line with dealer allocation. While keeping in mind the realization that the Z06 will remain a limited production vehicle, we have been working diligently to increase Z06 production to maximize our ability to satisfy customer demand for this great automobile. As a result, production schedules were not formalized in time to allow us to provide this second extended allocation letter originally intended for publication in December. Your dealership’s projected Z06 allocation through May 2006 production appears below. Please keep in mind that this allocation projection is based on an estimated production schedule and therefore must continue to be considered as a projection and is not to be considered an absolute commitment. Your Z06 Estimated Allocations are: February March Est April Est May Est 2nd Outlook
Allocation Allocation Allocation Allocation Cum Total
# # # # # If a dealer chooses not to consent to their Z06 allocation, that allocation will be redistributed to another eligible dealer during the variance resolution and will not be rolled forward nor will it be converted to regular Corvette allocation. CORVETTE MARKETING TEAM Source: CorvetteForum.com | DigitalCorvettes.com

NCRS Winter Regional and Mecum Auction

by Keith Cornett on January 30, 2006

Living in Tampa has its benefits and one of them is being only an hour away from one of the best NCRS shows in the Country – the Winter Regional Meet in Kissimmee, Florida. This year’s show seemed to be larger than the last few I’ve been to. As the Mecum Auction was moved to a larger facility, the NCRS show had more room for its main attraction – judging Corvettes for Top Flight and Second Flight status. The swap meet area was also humming as people were searching for that last item to complete their restoration, buying new shirts and hats or walking though the Corvettes For Sale Corral. I had my video camera along for the trip so here are a few of the Corvettes we found interesting:


1958 Fuelie Project Car

Compilation Video
Mecum Winter Classic
I’ve always loved car auctions. The buzz from potential buyers, the smell of the exhaust, the sound of the gavel as the sale concludes is all very thrilling. The new location for the Mecum Winter Classic is awesome. While it’s too bad that it couldn’t be held at the same location as the NCRS Winter Regional, their new home at the Osceola Heritage Park gives them a lot more room and therefore more cars could be part of this. The only downside was getting from the NCRS show to Heritage Park. While roughly being only 10 miles away, it took us about 25 minutes to get there due to the road construction and heavy traffic on Hwy 192. I only had a couple of hours at the auction, but they were well spent. Here are three midyears that rolled though the block, and the good news is the Barrett-Jackson pricing was left in Scottsdale.

1965 Convertible

1963 Convertible

1967 Coupe

C6 Wheel Update

by Keith Cornett on January 29, 2006

Rick at CorvetteConti.com had another Corvette Wheel update for us last week. I had heard that after the 2nd bankruptcy of Amcast, GM went back to several other suppliers who had submitted losing bids on the original contract. Because they already had the C6 molds, GM awarded them temporary contracts to keep the wheel supply flowing. The letter from GM that CorvetteConti.com posted seems to lend credence to this story: ——————— From: Chevrolet Marketing
Date: January 21, 2006 Subject: Corvette Production Update Administrative message dated 12/15/2005 advised you of potential actions that might be necessary to manage wheel supply issues for Corvette and Z06. We are pleased to inform you that with the dedicated efforts of several GM teams we have not and likely will not in the future need to change wheel options on any 2006MY Corvette orders. Although still constrained, we expect to be able to offer the full selection of painted and polished wheel options. The much anticipated Chrome wheel option, however, must continue postponement until later this model year. (QX3) Order Guides, GM AutoBook and Order Workbench will therefore remain unchanged relative to wheel options. We sincerely apologize for the inconvenience and confusion that this situation may have caused you or your customer(s) but are obviously pleased with the positive resolutions to the issues outlined in the previous communication.” Source: CorvetteConti.com

GM and Chevy Donate Parts to Owner of Stolen Corvette

by Keith Cornett on January 27, 2006

Alan Poster, who was reunited with his 1968 Corvette last week after the car was stolen 37 years ago, got a surprise gift this week from GM Restoration Parts and Chevrolet. While doing a live interview with Cruise Control, a national automotive talk radio show, Harlan Charles, Corvette product manager called Mr. Poster to congratulate him on having his Corvette returned and told him that GM Restoration Parts and Chevrolet were giving him $2,500 credit to use during the restoration of his Corvette. “We’re happy to help Mr. Poster restore his long-lost love,” said Charles. “We understand what it’s like to fall in love with a Corvette and to get it in your blood. Corvette enjoys a 70 loyalty rate, which means 70 percent of people who buy a Corvette purchase another one.” It turns out that Mr. Poster had just purchased a 1974 Corvette prior to having his stolen 1968 Corvette convertible returned. Mr. Poster’s Corvette was returned missing several original items such as a gas tank, carburetor and a transmission, and its original International Blue paint scheme had been changed to silver. Mr. Poster said he plans to restore the car, repaint it blue and give it to his 17-year-old daughter. Although this week’s show wasn’t yet posted when we visited, a podcast of the interview with Mr. Poster will be available at www.cruisecontrolradio.com

Barrett-Jackson Corvette Sales Top $12.6 Million

by Keith Cornett on January 24, 2006

By the time the final gavel fell on the 2006 Barrett-Jackson Auction in Scottsdale, 113 Corvettes crossed the auction block for a total combined sales of $12,679,362.00. A sales commission of 8% is factored into our totals as published at the Barrett-Jackson website. This year’s highest selling Corvette was #003, the oldest surviving Corvette which sold for $1 Million Dollars. Dave Ressler, owner of several multi-brand dealerships in South Dakota and Montana, outbid Terry Michaelis of ProTeam Corvettes and Dana Mecum of Mecum Auctions. Other Notable Corvettes include: A 1967 Convertible 427/435 car sold for $378,000. The Corvette received a Top Flight award in September 2005 and has been featured twice in Corvette Enthusiast Magazine. A 1969 L-88 Coupe sold for $334,800. Nicknamed Earthquake 88 due to the roar of the engines of the L88 cars, the Riverside Gold coupe spent many years of its life on display at the famous Gilmore Classic Car Museum in Hickory Corners, Michigan. Selected in 1988 for the Bloomington Gold Special Collection. This Corvette was inducted into the Bloomington Gold Hall of Fame in 1998. Selected again for the 2003, 50th Anniversary Corvette celebration, the car was part of the special collection that year. Bloomington Gold certified 2003 and NCRS Top Flight 2005. David Van Weele’s 1963 Z06 sold for $197,640. One of 199 Z06′s built. Awards include NCRS Top Flight, NCRS Duntov Award and Performance Verification, Bloomington Gold and part of very first Bloomington Gold Special Collection, Chips Choice Award and twice in NCRS “Field of Dreams” at Orlando. Appeared twice in the Chevy tent at the Daytona Rolex 24 race. Used as a reference car by Noland Adams in his restoration guide. Complete Results:

Lot #YearDescriptionSales Price
13111953CHEVROLET CORVETTE #003 CONVERTIBLE$1,080,000.00
9841954CHEVROLET CORVETTE CONVERTIBLE$102,600.00
9981954CHEVROLET CORVETTE CONVERTIBLE$106,920.00
1537.11954CHEVROLET CORVETTE CONVERTIBLE$86,400.00
13431955CHEVROLET CORVETTE CONVERTIBLE$97,200.00
1248.11956CHEVROLET CUSTOM CORVETTE NOMAD WAGON$108,000.00
7581957CHEVROLET CORVETTE FI CONVERTIBLE$107,460.00
1010.11957CHEVROLET CORVETTE CONVERTIBLE$88,560.00
1017.11957CHEVROLET CORVETTE FUEL INJECTED $178,200.00
10501957CHEVROLET CORVETTE CONVERTIBLE$97,200.00
1282.11957CHEVROLET CORVETTE CONVERTIBLE$237,600.00
12951957CHEVROLET CORVETTE ZL-1 CONVERTIBLE$291,600.00
9831958CHEVROLET CORVETTE CONVERTIBLE$108,000.00
10011958CHEVROLET CORVETTE FI CONVERTIBLE$110,160.00
1034.11958CHEVROLET CORVETTE FI CONVERTIBLE$108,000.00
1284.11958CHEVROLET CORVETTE FI CONVERTIBLE$97,200.00
1020.11959CHEVROLET CORVETTE CONVERTIBLE$93,960.00
10461959CHEVROLET CORVETTE CONVERTIBLE$143,640.00
12251959CHEVROLET CORVETTE CONVERTIBLE$140,400.00
15611959CHEVROLET CORVETTE FI CONVERTIBLE$98,280.00
711.11961CHEVROLET CORVETTE FI CONVERTIBLE$66,960.00
9631961CHEVROLET CORVETTE CONVERTIBLE$113,400.00
10021961CHEVROLET CORVETTE FI CONVERTIBLE$89,640.00
12521961CHEVROLET CORVETTE CONVERTIBLE$172,800.00
961962CHEVROLET CORVETTE 327 CONVERTIBLE$60,480.00
7361962CHEVROLET CORVETTE 327 CONVERTIBLE$108,000.00
7451962CHEVROLET CORVETTE FI CONVERTIBLE$135,000.00
753.11962CHEVROLET CORVETTE 327 CONVERTIBLE$72,900.00
9521962CHEVROLET CORVETTE CONVERTIBTLE$68,040.00
9761962CHEVROLET CORVETTE 327 CONVERTIBLE$99,360.00
10061962CHEVROLET CORVETTE 327 CONVERTIBLE$73,440.00
10621962CHEVROLET CORVETTE 327 CONVERTIBLE$124,200.00
13531962CHEVROLET CORVETTE FI CONVERTIBLE$88,560.00
3831963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$108,000.00
4211963CHEVROLET CORVETTE CONVERTIBLE$43,200.00
6981963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$70,200.00
7591963CHEVROLET CORVETTE CUSTOM CONVERTIBLE$83,700.00
9491963CHEVROLET CORVETTE 327 SPLIT WINDOW COUPE$7,884.00
12371963CHEVROLET CORVETTE CUSTOM SPLIT WINDOW $118,800.00
12941963CHEVROLET CORVETTE ZO6 COUPE$197,640.00
1562.11963CHEVROLET CORVETTE FI CONVERTIBLE$78,300.00
12231964CHEVROLET CORVETTE CONVERTIBLE$50,760.00
911965CHEVROLET CORVETTE CUSTOM CONVERTIBLE$102,600.00
4291965CHEVROLET CORVETTE 396/425 COUPE$75,600.00
6711965CHEVROLET CORVETTE 327 CONVERTIBLE$55,080.00
713.11965CHEVROLET CORVETTE 327 COUPE$67,500.00
10261965CHEVROLET CORVETTE 396/425 COUPE$91,800.00
12451965CHEVROLET CORVETTE FI CONVERTIBLE$151,200.00
9591966CHEVROLET CORVETTE 327/350 COUPE$76,680.00
991.11966CHEVROLET CORVETTE 427/425 CONVERTIBLE$108,000.00
1052.11966CHEVROLET CORVETTE 427/390 CONVERTIBLE$83,160.00
12631966CHEVROLET CORVETTE 427/425 CONVERTIBLE$216,000.00
15521966CHEVROLET CORVETTE 327/350 CONVERTIBLE$72,360.00
15651966CHEVROLET CORVETTE 427/425 CONVERTIBLE$113,400.00
3901967CHEVROLET CORVETTE 327 CONVERTIBLE$50,220.00
419.11967CHEVROLET CORVETTE 427/435 CONVERTIBLE$121,500.00
7401967CHEVROLET CORVETTE 327/300 CONVERTIBLE$75,600.00
7541967CHEVROLET CORVETTE 427/390 CONVERTIBLE$81,000.00
10031967CHEVROLET CORVETTE 427/435 COUPE$137,160.00
10091967CHEVROLET CORVETTE 427/435 CONVERTIBLE$105,840.00
10171967CHEVROLET CORVETTE 427/435 CONVERTIBLE$189,000.00
1018.11967CHEVROLET CORVETTE 427/435 COUPE$97,200.00
10271967CHEVROLET CORVETTE 427/435 CONVERTIBLE$216,000.00
10401967CHEVROLET CORVETTE 427/435 CONVERTIBLE$149,040.00
10591967CHEVROLET CORVETTE 427/400 CONVERTIBLE$136,080.00
1231.11967CHEVROLET CORVETTE 427/390 COUPE$88,560.00
12361967CHEVROLET CORVETTE 427/435 CONVERTIBLE$221,400.00
1261.11967CHEVROLET CORVETTE 427/400 COUPE$108,000.00
12651967CHEVROLET CORVETTE 427/435 CONVERTIBLE $228,960.00
12751967CHEVROLET CORVETTE 427/400 CONVERTIBLE$221,400.00
12791967CHEVROLET CORVETTE 427/435 CONVERTIBLE$210,600.00
12841967CHEVROLET CORVETTE 427/435 CONVERTIBLE$378,000.00
12981967CHEVROLET CORVETTE 427/435 CONVERTIBLE$248,400.00
13031967CHEVROLET CORVETTE 427/435 CONVERTIBLE$216,000.00
15441967CHEVROLET CORVETTE 427/435 CONVERTIBLE$162,000.00
15701967CHEVROLET CORVETTE 427/390 COUPE$92,880.00
15781967CHEVROLET CORVETTE 427/435 COUPE$149,040.00
401968CHEVROLET CORVETTE 427/390 T TOP$38,340.00
6271968CHEVROLET CORVETTE 427 CONVERTIBLE$30,780.00
10541968CHEVROLET CORVETTE 427/435 COUPE$66,960.00
15461968CHEVROLET CORVETTE 427/435 CONVERTIBLE$99,360.00
4271969CHEVROLET CORVETTE COUPE$39,960.00
7721969CHEVROLET CORVETTE 427/390 COUPE$41,040.00
975.11969CHEVROLET CORVETTE 427/435 COUPE$116,100.00
10831969CHEVROLET CORVETTE COUPE$26,460.00
1271.11969CHEVROLET CORVETTE L-88 COUPE$334,800.00
13251969CHEVROLET CORVETTE L-88 COUPE$237,600.00
1556.11969CHEVROLET CORVETTE 427/435 ROADSTER$128,520.00
701971CHEVROLET CORVETTE LS-5 COUPE$54,000.00
3511971CHEVROLET CORVETTE FERRARI DAYTONA SPIDER $46,440.00
10811971CHEVROLET CORVETTE COUPE$30,240.00
3961972CHEVROLET CORVETTE CUSTOM COUPE T TOP$58,860.00
6511972CHEVROLET CORVETTE COUPE$30,240.00
6831972CHEVROLET CORVETTE 2 DOOR$43,200.00
7041972CHEVROLET CORVETTE LT-1 BALDWIN MOTION REPLICA$37,800.00
10761972CHEVROLET CORVETTE CUSTOM COUPE$62,100.00
7031973CHEVROLET CORVETTE 454 CONVERTIBLE$37,800.00
10821973CHEVROLET CORVETTE CONVERTIBLE$30,240.00
613.11975CHEVROLET CORVETTE STINGRAY COUPE$14,688.00
10801975CHEVROLET CORVETTE CONVERTIBLE$31,860.00
3111977CHEVROLET CORVETTE T-TOP COUPE$9,180.00
461978CHEVROLET CORVETTE COUPE$19,440.00
12511978CHEVROLET CORVETTE PACE CAR$43,200.00
6221981CHEVROLET CORVETTE COUPE$19,980.00
990.21981CHEVROLET CORVETTE GREENWOOD GTO COUPE$48,600.00
3351982CHEVROLET CORVETTE COUPE$28,080.00
7021990CHEVROLET CORVETTE ZR-1 COUPE$47,520.00
981991CHEVROLET CORVETTE ZR-1 COUPE$32,670.00
6571995CHEVROLET CORVETTE ZR-1 COUPE$46,440.00
15911996CHEVROLET CORVETTE COUPE$38,880.00
9892000CHEVROLET CORVETTE AVELATE CUSTOM$86,400.00
1335.12002CHEVROLET CORVETTE LINGENFELTER TWIN TURBO$129,600.00
13662002CHEVROLET CORVETTE AVELATE CONVERSION$82,080.00
    
Total Sales:$12,679,362.00
Source: Barrett-Jackson.com

003 Sells for 1 Million Dollars

by Keith Cornett on January 22, 2006

#003, the oldest surviving Corvette was auctioned at Barrett-Jackson on Saturday for One Million Dollars. Okay, I can’t say that without thinking about Austin Power’s Dr. Evil. But sold it did for $1,080,000. No word on who the buyer was although word on the street is that both ProTeam Corvette’s Terry Michaelis and Dana Mecum from Mecum auctions were both unsuccessful in bidding for this truly historic Corvette. Read our previous post for more information on #003.

Corvette for Sale: The Last 2005

by Keith Cornett on January 21, 2006

Kerbeck Corvette of Atlantic City is offering the last Corvette of the 2005 production run for sale. The Corvette, a Victory Red Coupe with an automatic transmission, is VIN #1G1YY22U855137341 and was built on September 14th, 2005. The Corvette has been documented by Will Cooksey, the Corvette Plant Manager. The Corvette is being billed as “a piece of Corvette History”, with a selling price of $76,615 which includes a “Kerbeck Value Adjustment” of $25,000. With its extra cost, only buyers who can afford to purchase this car and then store it for 20 years should consider this “Rare Collectible”.

Barrett-Jackson: A Corvette Seller’s Paradise

by Keith Cornett on January 19, 2006

While some of the estimated 100+ Corvettes that will cross the Barrett-Jackson auction block during this week’s Scottsdale event are worth every penny of the high bids they will receive, many are not. Due to the shear amount of collector car money that is in Scottsdale this week, some Corvettes will go for prices no where near what they are worth, and that is the problem I have with this auction. I was expecting to see this sometime during this auction, but didn’t think it would be so obvious during the first day. Lot #70 is listed as a 1971 Chevrolet Corvette LS-5 Coupe. Here are the photos and description:

 
Nevada car, numbers matching, no rust, stock AM/FM, air conditioning, power steering, power brakes. SS disc brakes and lines, LS5 454/365 motor with roller rockers. Motor refreshed at 62,000 by John “Freight Train” Peters, a member of NHRA Hall of Fame, Jet-Hot coated headers, Micky Thompson valve cover, new radiator, M21 transmission, body stripped to glass and House of Kolor Candy Wild Cherry with silver base paint in September 2004, interior stock black vinyl, 5 new BF Goodrich TA tires, stock factory 3 piece side pipes, all new chrome and badges, all new weather stripping, new carpet and some new interior panels, new dash pad and clock. Factory build sheet. Selling price was listed as $54,000 (unofficially). Let’s look at the numbers. In 1971, there were 21,801 total Corvettes: 14,680 Coupes and 7,121 Convertibles. The LS-5 engine was selected by 5,097 buyers, that’s 23.4% of total production. The M21 4-speed transmission was selected by 2,387 buyers which made up 9.8% of production. Not what we consider a rare Corvette in terms of power plant and drive train. Other production numbers for this 1971 Coupe include factory air conditioning (11,481), Power Steering (17,904) and Power Brakes (13,588). The condition of this Corvette couldn’t even get you a Survivor award at Bloomington. Replaced valve covers and the non-original paint and color do nothing for collectablility. And take a look at the engine photo – other than the shiny air filter cover, the compartment is filthy. We place the value of this Corvette at $23,000. A $31,000 Barrett-Jackson difference. At some point this hot market we are in will correct itself and people who purchase these non-rare Corvettes at premium will be the ones holding the short end of the 4-speed stick shift. P.T. Barnum was famously quoted for saying “There’s a sucker born every minute.” Apparently in Scottsdale, they brought their checkbooks.