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Corvette
C7 Forum
C7 RETAINED VALUE
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<blockquote data-quote="Rruuff Day" data-source="post: 146432" data-attributes="member: 2217"><p>Other than pure speculation (and my post is as well...lol), I don't see anything here (or anywhere else so far) indicating a huge loss of value for C7's.</p><p>Sure. We may see some good sales on the new C7's that are flooding the dealer inventories, but given that the used C5 and C6 values didn't over-depreciate whatsoever when the totally re-designed (and vastly improved) C7 came out on the market, and since those generations still retain a great percentage of value after the last 6 years of C7 availability, I would expect the same for the C7. (Note. I was one of those C6 owners as well).</p><p>If you're expecting your four year old C7 (or your four year Caddy) to sell for 10% less than you paid new, you will be sorely disappointed, but my prediction is that for the first bit after the C8 is released we will see a glut in the used Corvette market of all the C8 wannabe's trying to sell their used rides (C5, C6, and C7) and buy a C8. The guys that can afford it and just 'have to have a C8 will likely fire sale their rides to some extent, but once that is over and the craze (not Cruze) mentality levels out, life will go on as it has since the beginning of time.... or at least since 1953. JMHO.... And by chance if I'm totally wrong, I'm going to install a hoist in my Vette Cave, buy another Corvette for next to nothing and join [USER=2330]@flyboy999[/USER] for fun in the sun.... AND fun in the snow.... <img src="/styles/smilies-extra/vette-smileys/thumbsup.gif" class="smilie" loading="lazy" alt=":thumbs:" title="Thumbsup :thumbs:" data-shortname=":thumbs:" /></p></blockquote><p></p>
[QUOTE="Rruuff Day, post: 146432, member: 2217"] Other than pure speculation (and my post is as well...lol), I don't see anything here (or anywhere else so far) indicating a huge loss of value for C7's. Sure. We may see some good sales on the new C7's that are flooding the dealer inventories, but given that the used C5 and C6 values didn't over-depreciate whatsoever when the totally re-designed (and vastly improved) C7 came out on the market, and since those generations still retain a great percentage of value after the last 6 years of C7 availability, I would expect the same for the C7. (Note. I was one of those C6 owners as well). If you're expecting your four year old C7 (or your four year Caddy) to sell for 10% less than you paid new, you will be sorely disappointed, but my prediction is that for the first bit after the C8 is released we will see a glut in the used Corvette market of all the C8 wannabe's trying to sell their used rides (C5, C6, and C7) and buy a C8. The guys that can afford it and just 'have to have a C8 will likely fire sale their rides to some extent, but once that is over and the craze (not Cruze) mentality levels out, life will go on as it has since the beginning of time.... or at least since 1953. JMHO.... And by chance if I'm totally wrong, I'm going to install a hoist in my Vette Cave, buy another Corvette for next to nothing and join [USER=2330]@flyboy999[/USER] for fun in the sun.... AND fun in the snow.... :thumbs: [/QUOTE]
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Corvette
C7 Forum
C7 RETAINED VALUE
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