STUDY: Corvette Ranks 3rd Lowest in Five-Year Depreciation

Owning a Corvette is a reward in itself.

Now comes word that the 2013 model also ranks among the world’s leaders in holding its value.

According to a study by iSeeCars.com, the 2013 Corvette depreciated 44.6 percent on average over the five-year period, ranking behind only the Volkswagen Golf R at 43.3 percent and the Subaru Impreza WRX at 35.9 percent.

That’s much better than foreign luxury brands like BMW, Mercedes, Audi, and Porsche, with models like the 2013 BMW 7 series depreciating 71.1 percent in five years, Mercedes-Benz S-Class 69.9 percent, and the Jaguar XJL 66.4 percent.

It should be interesting to get this report at this time next year when the debut year of the C7 Corvette will be studied. We wouldn’t be surprised to see the 2014 Corvette at or near the top of the residual leaders based on our own unscientific study of C7 prices over the past few months. In addition, back in 2014, it was shown by NADA that the 2014 1LT Stingray retained its value better than any other vehicle for that model year, keeping a whopping 84.7 percent of its original value through to the end of 2014. Back then, NADA noted that the wildly popular and much-improved C7 retained 10.7 percent more of its value than the C6 through the first year.

Of course, the debut of the C8 could cause C7 prices to crash – bad news for current owners but great news for other folks who have been unable to afford the high-performance seventh generation supercar thus far.

Source:
iseecars.com

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