[VIDEO] C&S Corvettes Breaks Down C5-C8 Corvette Values for 2024

Corvette values…It’s a question that constantly comes up, especially among new owners breaking into the hobby as well as longtime owners trying to figure out what their cars are worth before selling.

Lyle the Corvette Guy from the C&S Corvettes YouTube Channel offers up the latest Corvette values for the C5 thru C8 generations, and he is getting his data from Manheim auctions, which is self-described as The World’s Largest Wholesale Auto Marketplace. Manheim is where the dealers go to pick up new inventory or sell existing cars to other dealers. As thousands and thousands of vehicles are sold each month through Manheim, they compile a whole lot of pricing data that includes wholesale, estimated retail, and even a 12-month historical wholesale price so you can see where values may be headed.

So what did Lyle find out?

C5 Corvette prices are continuing to go down, but they certainly aren’t plummeting. It’s just that these cars are getting older and there are so many other options available. However, there are some big differences between the earlier year models (1997-2000 vs 2001-2004) as some of the later model year pricing are still showing gains.

The C6 Corvette saw some gains in values when the C8 Corvettes first came out as there were some who didn’t like the C8 body style, and prices were further impacted upwards due to the rising demand for pre-owned cars because the auto manufacturers were being impacted by supply chain issues and lack of available inventory. Lyle says we are past that and now C6 Corvettes are showing a “correction” to where prices should have been if not for the external factors of covid.

The C7 Corvette is also undergoing a correction in prices although not as much as the C6 due to the cars being newer.

Prices for the C8 Corvette Stingray are also dropping fairly rapidly due to scarcity no longer being a factor. We are also going into the fifth year of production for the C8 Stingray.

Lyle offers an array of various model year examples and their pricing from Manheim to give you a better picture as to where Corvette values are currently. He also provides a snapshot of pricing for cars similar to the Corvette: the Porsche Boxter, Audi R8, and the Lexus RCF to name a few. By providing this look at where these competitor prices are, you’ll have a better understanding of values related to the sports car market.

Source:
C&S Corvettes

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