Right on the heels of the Scottsdale auction where the six auction houses reported a combined 18% increase in sales, Mecum announced record setting sales for their ten-day Kissimmee event, the largest collector car auction in the world. And Mecum’s results were truly impressive; total sales for the 10-day event approached the $70-million mark, currently standing at $68,801,987, selling 1,771 cars of the 2,404 that crossed the auction block, for an exceptionally strong 74% sell-through. So based on the results of the January auctions, long considered to be a barometer of the collector car market for the coming year, collectors are feeling “warm and fuzzy.”
Hagerty, classic car insurance company and price guide publisher, launched a new marketplace rating tool which ranks the classic car market at 70.22, which means it is “expanding but not overheated.” Hagerty chief executive McKeel Hagerty, explained to ClassicCars.com, “We developed this as a tool to allow anyone who is serious about treating collector cars as investments to immediately take the temperature of the classic car market and truly understand the factors that cause the classic car market to move up or down.” But if you are a Corvette collector before you get too excited, based on January results Corvette auction prices are slipping.
Chevrolet has made no secret that it hopes to lure away some of those Porsche, BMW, and Ferrari owners living overseas with its new seventh-generation Stingray.
Now, General Motors has released the first details and images of the 2015 Corvette Stingray all dressed up in its European clothes.
If you live overseas, though, you can expect to pay considerably more than if you live in America.
It was only back in July that we got our hands on the dealer prices for the 2015 Corvette Stingray and those prices showed the base Non-Z51 Coupe starting at $53,000 while the base Non-Z51 Convertible started at $58,000.
Now this may be old news to some, but we learned today that in early August Chevrolet quietly raised the MSRP of the 2015 Corvette Stingray’s four models by $1,000. The new starting manufacturer’s suggested retail price of the base Corvette Stingray Coupe is now $54,000 while the base Corvette Stingray Convertible will start at $59,000. The delivery charge of $995 is not included.
Chevrolet has finally answered the question that has kept Corvette enthusiasts wondering since the 2015 Corvette Z06 was introduced back in January at the North American International Auto Show in Detroit: How much is America’s newest supercar going to cost?
Well that answer arrived this morning and it’s going to put a smile on your face.
The all-new 2015 Corvette Z06 Coupe with 650 hp will start at an MSRP of $78,995. The Corvette Z06 Convertible will start at $83,995. Prices include the $995 destination fee.
In a few days two prophetic auctions will take place that collectors of Corvettes will want to keep their eyes on whether they plan to bid at these auctions or not. The two biggest sellers of collector Corvettes in the country, Mecum and Barrett-Jackson will be holding their second important collector auctions of 2014. The reason these auctions are important is because after some mixed and difficult to interpret first quarter Corvette auction results, we should get a better read on the Corvette collector market and where it is headed for this year. After a spectacular 2013 which saw new records set on “blue chip” Corvette prices, and while the Corvette segment of the collector market was strong for most rare and well optioned cars, at this point it is difficult determine whether last year’s strong market tends will continue for 2014.
Since the new Corvette Stingray was revealed on 1.13.13, one major question waiting to be answered was how much will the new C7 cost. Today, we are very happy to reveal that the 2014 Corvette Stingray Coupe will have a suggested retail starting price of $51,995 and the 2014 Corvette Stingray Convertible will start at $56,995. Both prices include a $995 destination fee.