After Action Report of Z06 Sales at Barrett-Jackson Shows Average Gross Margin of $52,597

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After Action Report of Z06 Sales at Barrett-Jackson Shows Average Gross Profit of $52,597

Photo Credit: Barrett-Jackson


As January comes to an end, we have another pricing report of C8 Corvette Z06 sales from Barrett-Jackson’s 2024 Scottsdale auction. A total of seven Corvette Z06s were offered during the sale and all were sold at No Reserve. One of the cars featured was a charity sale for the Chip Miller Amyloidosis Foundation while the other six were sold by their owners and subject to Barrett-Jackson’s buyer/seller commissions.

Altogether, the combined sales of the seven Corvette Z06s (all were 2023s) totaled $1,393,100. The top selling Z06 was the Chip Miller Z06 which hammered for $220,000 but received additional donations following the sale for a total of $270,000 raised for charity. The “cheapest” Z06 to sell in this group was a 2023 Corvette Z06 2LZ Coupe which fetched $154,000.

As Barrett-Jackson provides the VIN to each of the cars, we were able to look up the original MSRP and we share that figure for each of the cars as well. While we don’t know if the buyers paid any additional dealer markups (ADM), we calculated the average margin for the six Z06s sold (minus the charity Z06) was $52,597. The smallest margin was $32,620 while the largest was $111,070.

The “head scratcher” (or face palm) of this batch goes to Lot #1098.1 which is a 2023 Corvette Z06 Coupe 1LZ. This Corvette has just a few customization options including Competition Sport Seats and it sold for a whopping $225,500 with commission. The margin of the sale versus its original MSRP of $114,430 was $111,070. While there is no doubt that it’s a good-looking car, the astronomical price shows that people are still willing to pay stupid amounts of money to own a Z06.

Here’s the sale details for these seven 2023 Corvette Z06s sold at Barrett-Jackson Scottsdale 2024:

Lot #3000 – Charity – 2023 Corvette Z06 Coupe 3LZ – $270,000

OPTIONS: 3LZ, Z07, Carbon Flash Aero, Carbon Fiber Wheels, Full Factory Warranty
ORIGINAL MSRP: $153,115
VIN: 1G1YF2D3XP5602878

2023 Corvette Z06 Coupe 3LZ - $270,000

Lot #1098.1 – Elkhart Lake Blue 2023 Corvette Z06 Coupe 1LZ – $225,500

OPTIONS: 1lZ, Competition Sport Seats, Black Exhaust Tips, Full Factory Warranty
ORIGINAL MSRP: $114,430
VIN: 1G1YD2D30P5600773

Elkhart Lake Blue 2023 Corvette Z06 Coupe 1LZ - $225,500

Lot #1313.1 – Black 2023 Corvette Z06 Coupe 3LZ – $195,800

OPTIONS: 3LZ, Z07, Front Lift, Factory Warranty Unknown
ORIGINAL MSRP: $152,145
VIN: 1G1YF2D36P5602666

Black 2023 Corvette Z06 Coupe 3LZ - $195,800

Lot #1293.1 – 70th Anniversary 2023 Corvette Z06 Coupe 3LZ – $192,800

OPTIONS: 3LZ, Full Factory Warranty
ORIGINAL MSRP: $132,060
VIN: 1G1YF2D31P5700309

70th Anniversary 2023 Corvette Z06 Coupe 3LZ - $192,800

Lot #1283.1 – Torch Red 2023 Corvette Z06 Coupe 3LZ – $184,800

OPTIONS: 3LZ, Z07. Carbon Flash Aero, Factory Warranty Unknown
ORIGINAL MSRP: $156,360
VIN: 1G1YF2D39P5602404

Torch Red 2023 Corvette Z06 Coupe 3LZ - $184,800

Lot #1120 – Hypersonic Gray 2023 Corvette Z06 Coupe 3LZ – $170,500

OPTIONS: 3LZ, Front Lift, Yellow Racing Stripes, Factory Warranty Unknown
ORIGINAL MSRP: $131,140
VIN: 1G1YF2D34P5601872

Hypersonic Gray 2023 Corvette Z06 Coupe 3LZ - $170,500

Lot #1093 – Black 2023 Corvette Z06 Coupe 3LZ – $154,000

OPTIONS: 2LZ, GT2 Seats, Red Calipers, Factory Warranty Unknown
ORIGINAL MSRP: $121,380
VIN: 1G1YE2D30P5601273

Black 2023 Corvette Z06 Coupe 3LZ - $154,000


Source:
Barrett-Jackson

Related:
The Top 11 Corvette Sales from Mecum Kissimmee
After Action Report on the Nine C8 Z06s Offered at Mecum Kissimmee 2024
[VIDEO] The 1963 Corvette Split Window Colorama Collection Sells at Mecum Kissimmee for a Combined $1,559,250

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4 COMMENTS

  1. Even the re-seller has expenses…..so this selling price, and the difference between sticker is not net profit for re=seller. The Gov ,by taxing the car, make as much or more than the re=seller……

  2. “willing to pay stupid amounts of money to own a Z06.” No, stupid people are willing to pay that amount of currency.

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