NADA Report: 2014 Corvette Stingray Retains Nearly 85 Percent of MSRP Value

As if the exotic styling, powerhouse performance, and impressive interior weren’t enough to convince you to buy a new Corvette Stingray, here’s another more practical reason.

The 2014 Corvette Stingray Coupe 1LT Automatic finished No. 1 for retaining the most value among all-new or heavily revised 2014 Model Year mainstream vehicles.

That’s the word from NADA Used Car Guide analysts in their final vehicle retention value report for 2014.

And it wasn’t even close.

“We saw some real big winners and losers this past year when it comes to used vehicle value retention,” said Jonathan Banks, Executive Analyst at the NADA Used Car Guide. “The 2014 Corvette dominated other models by retaining 84.7 percent of its typically-equipped manufacturer suggested retail price (MSRP), while the more practical Mitsubishi Mirage performed the worst, holding only 54.5 percent of its original MSRP.”

The Stingray finished first out of the 20 other vehicles deemed eligible for the report and continued to dominate its sports car competition as well. In fact, the seventh-generation Corvette held a 14.7 percentage point lead over the average value of a car within the Upper Sport car segment.

In another interesting category, you can see proof that General Motors customers believe that the 2014 versions of their vehicles are better than the previous-generation 2013 models they replaced. The Stingray was second in the “Top 5 2014 Vehicles with Most Improved Value Retention Over 2013 Model” while the Chevy Impala was third, the GMC Sierra fourth, and the Chevy Silverado fifth.

Here are the rankings:

5 Best Value Retention Winners: All-New or Heavily Revised 2014 Model Year Mainstream Vehicles:

1. Chevrolet Corvette Stingray Coupe 1LT Automatic – 84.7% of value retained from MSRP
2. Subaru Forester i Premium AWD 2.5L H4 – 81.8% of value retained from MSRP
3. Toyota Highlander LE 4WD 3.5L V6 – 78.8% of value retained from MSRP
4. Toyota 4Runner SR5 4WD 4.0L V6 – 77.1% of value retained from MSRP
5. Nissan Rogue S AWD 2.5L I4 – 73.1% of value retained from MSRP

Top 5 2014 Vehicles with Most Improved Value Retention Over 2013 Model:

1. Mazda Mazda6 I Sport 2.5L I4 – 11.8-percentage point improvement
2. Chevrolet Corvette Stingray Coupe 1LT Automatic – 10.7-percentage point improvement
3. Chevrolet Impala LS 2.5L I4 – 9.1-percentage point improvement
4. GMC Sierra Crew Cab SLE 4WD 5.3L V8 – 7.2-percentage point improvement
5. Chevrolet Silverado Crew Cab LT 4WD 5.3L V8 – 6.2-percentage point improvement

5 Worst Value Retention Losers: All-New or Heavily Revised 2014 Model Year Mainstream Vehicles:

1. Mitsubishi Mirage DE 1.2L I3 – 54.5% of value retained from MSRP
2. Fiat 500L Pop 1.4L I4 Turbo – 55.3% of value retained from MSRP
3. Kia Cadenza Premium 3.3L V6 – 56.5% of value retained from MSRP
4. Chevrolet Impala LS 2.5L I4 – 59.9% of value retained from MSRP
5. Kia Forte Sedan EX 2.0L I4 – 61.8% of value retained from MSRP

You can find more information at www.nada.org.

Source:
DigitalJournal.com

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