Warning | Corvette C8 Prices Continue To Tumble
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- เผยแพร่เมื่อ 29 ส.ค. 2024
- Corvette C8 prices reached a new low as prices continue to tumble at absurd rates. 2023 Convertible lost for example 17,600 dollars during last year.
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Corvette C8 Stingray values are down by an average of 12.9%, cars are selling slower and slower, and discounts rates increased even though it is the summer. The Z06 dropped by 31.9% and that this drop basically reflects the deflation of price premiums.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision.
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BMW SUPRA
Viper all generations
@@fourwheeltraderthanks for this video I needed this
@@fourwheeltrader Cayman Boxter models
A moment for silence for guys who paid $30K over sticker for a 1LT Stingray…
Knew a dealership that was 52k above in Cali MSRP. Needless to say I didn't buy from him. Went out of state to get mine
Na, they were dumb enough to pay it. A fool and his money are soon parted.
"F"
But they were the first to have a mass produced Chevrolet! Imagine how many of their neighbors were impressed or envious!
Facts
For anyone who purchased a new C8 at or below MSRP the prices have remained very stable. Paying over MSRP is never a good idea and hopefully those who did will learn their lesson.
I paid 1k under msrp for mine 1lt
I paid 7k under msrp last month for my 2lt
@@frandelgado1993 nice! I got $6k under on a 1LT HTC. My biggest challenge was finding one with only performance exhaust which is all I wanted with options. This one had that and upgraded rims for $2k. More than happy with it!
FYI-I was going to purchase a white 2lt for $7k off but it sold lol!
@@frandelgado1993and right now is usually not the best time to buy. Prices do drop at the end of the year when spending slows down.
I am in MI Fall then Winter around the corner I waiting till Next April-May.
I just picked up a new 2024 Corvette 1LT Z51 for $77K. When I tried to get it in 2022 the dealership tried to charge me over $100K which made me back out of the deal. I’m glad I waited. I’m not too worried about the depreciation, if I can sell the car in 3 years around $45K I’ll be happy.
Congrats on the new car 🎉
in 3 years your car will be work mid $50k. Look at 2020-2021 used Market value on C8 1LTs.
@@moonman_8935nah they would never put a C8 under high-mid 60k no matter the mileage, even if it was a salvage title lol
Hoping things drop for the Z06 as well once the ZR1 comes out.
After doing a nationwide search, it's still hard to find used C8s for under $60k... even 2020s. Which is lame considering you can find new 1LTs for $65k now.
What state are you in?
Here in Texas you can't find a new C8 for 65k.
i think this is due to the increase in msrp over the years like what is happening to the g80 m3, i think we will see big changes this winter.
No one wants a 1lt, that's why they're the most common on availability. Dealerships order them that way to draw folks in, and to give that particular dealer a better chance to increase their chances to get more Vettes to sell in the future. Believe it or not, dealers are only allow to request a certain number of Vettes. Some have to sell 1 before they're allowed to be allocated another to put on the lot.
That of course varies, depending on past sales. Some are allowed hundreds .... and some only a slim few a year.
@@danielfair4675 That's not true imo, sure its the least ordered trim (only 26% of total) but a lot of people just want to get into the cheapest c8 possible. Especially when the whole draw of the C8 is "best new performance car for the price." Me personally, I prefer a 2lt or 3lt but I still think the demand for 1lts is there and statistically it's going to depreciate the least because the higher MSRP cars are going to hold it up.
It’s going on five model years. Everybody that wants one and can afford to buy one has had the opportunity to do so.
Almost my time to buy super excited to get one
Z06 is going to get bit at some point as well, there are hundreds of them for sale across the United States and dealers still think they'll sell them at well above MSRP but the data is starting to say no.
Did you see the Z06 price trend in the video 🙊?
All the C8 will continue to fall due to high production volume
Finally it's getting back to afordable prices 😂 looking forward to getting mine on the cheap!
They may be depreciating, but I have yet to see a c8, even as far back as a 2020 model year, sell for less than 60K, and I'm talking the used c8 market. Prices are still too high
Just had my order placed for a new 2025 2LT at 10% off ($8650). Couldn't refuse that. Almost every reputable dealer has similar deals as of now. MSRP or above days are over.
The second I can get a c8 z06 for under 80k im on it lol.
I feel like that won’t happen. But I’m right there with you
@ShaneandBrooke it will eventually, maybe, probably... hopefully the zr1 makes all the rich folks have trade em in with negative equity so they just sell em off for the negative amount and I scoop one up during that. That's how I got a fully loaded 2015 mustang gt in 2017 for 26k 😆
😂🤡
Not anytime soon (if ever) unfortunately. Maybe a super clapped out rebuilt 1lz in a couple years.
@@MrAleB305a clapped out z06? Lol the people who can afford those cars aren’t generally clapping them out…. So many people use the term clapped out entirely too loosely, I’m not sure yall really know what it means.
I bought a 2024 1LT z51 coup about 3 months back for just 6k under MSRP and no dealer addons. I have to assume they were clearing out for the 2025s which were about to go on order.
The money I saved let me afford decent forged Aerolarri wheels to replace the awful OEMs.
Since this video was about the C8 Corvette, it would be interesting to see the market on the C7 Corvette range - Stingray, Grand Sport and Z06.
I will include them in the next corvette update.
C7 z06 probably retain pretty good value as the last true corvette.
@@goat9199I think GS will too.
@@goat9199 Ugh. I'm about to sell mine. 2019 7-spd. too.
@@goat9199 🤡
I am about to get a 2023 2LT HTC with 3k miles for 74k. The car was 88K when rhey bought it.
Some dealers in north Texas have Hellcats sitting for over 400 days.
Its nuts how many dealers of all brands are sitting on cars bought at the top still. At some point they will have to let them go. Feel bad for the few suckers that don't do their research that will inevitably end up buying some of that inventory
Imagine buying a car as an investment.
I’ll keep my Porsche
me too
I feel sorry for yall keeping your Porsche.
@@phillipsmith5415 why?
Me2🤜🏽🤛🏾
I sold my 911s to be a new z51 conv. The vette is much more car for way less money
They went from $68-83k where I live.
just bought my 2020 c8 3lt z51 fully loaded 14kmiles for 72k hopfully am able to sell it around 55-60 in a few years
Congrats on your new car 🎉
Keep that price down! Dream car
Where man? I don't see this price going down I look at sale adds and don't see what you're talking about
Did prices drop or come back to where they should've been...
Chevrolet was always going to meet demand fully. Inevitable.
Plan on buying a new 2024 C8 Z51 with a $7000 discount. Glad i waited
People finally realizing, It’s JUST a Corvette!! A GM product. Mass production.
Remember what the Fox said when he couldn’t reach the grapes 🍇
Though that also applies to ferrari porsche and pretty much all high price garbage, disclaimer I own many items of high price garbage
@@sunnohh your not a CAR guy . GM did great job and bargain price . Drives great 👍🏼 and I’ve owned over 100 cars in family or business. I’m not a Chevy guy but had few Chevy pickups in past
@@sunnohh I own some too, yet my Turbo S can be sold for just Above what i paid almost 4 years ago! S2k is worth as much as i paid as well. My 2SS1LE, well maybe not so much but don’t plan to sell.
@@Gadfly2025 I’m not a “car guy”?? Lolol. Have you checked my channel? I own a 911 Turbo S, Boxster S , Cayenne S, 2SS1LE, supercharged S2K, tune RAM 2500, Civic Si, and F150 ecoboost! Had 40 others over the years. Including a C5 ZO6. I just don’t like the C8’s. And yes, it “just” a vette. I understand the difference in GM’s vs a quality German built Porsche and others.
They still are wayyy too high. There's only a handful that are near their MSRP and even those are quite a bit used
The going rate for a stingray is 10% off. Any dealer who is charging above is a small time dealer who doesn't know what's up. You can order at Macmulkin for 10% off and they will ship it anywhere you want for about $1000. Z06s are also available at MSRP. Anyone who pays over just didn't do their homework.
The car is not that impressive. Have you ever driven a used c7? They are shitty feeling after 30k miles. My m235i at 100k miles drives like i bought it. The c7zo6 drove like shit. Sorry that was my experience so i assume that over engineered c8 will follow suit.
Excellent as always.
never overpay for a vette, they are everywhere. They are not rare. Just wait
This is concerning...if, and only if, you're buying any car thinking it's an investment that won't depreciate.
Would really love to see a video covering UK maket for supercars especially gen 2 pre R8 V10+
I sold my used c8 a 22 for 5k over msrp last year. I basically drove the car in summer for free 😅
Really wanted the 1lt stingray but there was no way I was going to spend over nato for one.
Who didn't see this coming with all the price gouging and people willing to be gouged earlier, enjoy your buyers remorse.
For 50k it's nice car)
64k for a 2LT z51/mag ride/front lift/get seats 30kmiles 2022 is that worth?
Bruhh 30k miles, hell nah. Jsut get new so you have your full warranty for 3yrs/ 36k miles bumper to bumper and 5 yr/50k miles drive train
Transmission issues are going to make C8's like Porsche 997/987 models.
Nice 👍 now atleast its back to normal. I mean 100k for a stingray is expensive. Though You get 100k worth of car but its not affordable by most corvette fans.
Misleading video.
*All* popular/cool cars cost way more at launch than MSRP.
When the excitement dies? So do the prices.
But it's not the prices that go down, it's premiums.
This video makes it sound like prices are going to "tumble" below 60-70k for a base C8.
And it won't. The older ones with more mileage will... but again, that's for every car.
Nothing new here.
You can already buy a 4,000 mile 2023 2LT Z51/Lift/magnetic ride for under 75K. There's one at a dealer in my town right now. Below 70K in a few months is a no brainer.
Do a Z06 video 🤝
The Z06 is included in the video
you mean to tell me that a car deappriciates? noooooo waaayyyyyy
What about the zo6? You think prices might go down in 2025 when zr1 will be live?
The dealer made their bed, now sleep in it lol!!
The Dealer could care less or be of any real market significance. Supply and demand is king. What about the watch , real estate brokers etc. We ware in a downturn so guess what price deflation. Cycles are always present in the largest consumer economy in the world.
This was predictable. When the car first came out, people went crazy to get one. Four years later, still a great car, but you won’t be the first guy on the block!
Hope I'll be able to own an eray in my 20s
"My depreciation cost more than your house."
And used C7 prices continue to rise, mostly due to that pesky 3rd pedal...
is “fourth wheel” like “second handwheel”? if so, that’s genius
Good vid. These cars are all over the place. Not so special anymore
Good for me! I could probably afford one by the time I start making money.
Appreciate the great work but can you do the VH platform Aston Martins’?
Corvettes ceased looking like corvettes after the c6.
Truthfully. The supercar market Is growing tech wise. This car is based on a 13 year old Ferrari. That was 3 models ago..I wish I would have gotten a 911
I think they did alright for a car in the ~70s. The whole "we benchmarked a 458" is just marketing. Besides the fact that they went to a mid engine architecture idk what else it has to do with a 458. (besides the Z06 which has a NA FPC V8 like the 458, which other cars do too)
Still cant find a discounted z06
After the ZR1 arrives the Z06 prices will go down. Until then, the best one can do is MSRP.
Get the z51 pkge and C8 can be loud and fast and add magnetic 🧲 suspension and C8 can be soft and quiet or hard . Skip the convert as no engine under glass lift out targa top ez on or off .
Can you make a video for C7s/z06/grandsport? thanks.
I will include them in the next Corvette video
None of the lower end models and trims, below a ZR1 should be above $120k. Chevy dealers just greedy now with prices!😆🤦🏾♂️
And Z06 should be between $109k-$119k in pricing with all the other models under $80k without mods😂☝🏾
Good video! Thanks!
Always love the videos but unfortunately the data from the last few years is pretty much garbage, can't look at the correction from the C-vid bubble and apply it to the years looking forward. For example, Z06s may have corrected 32% from the peak but no way is that representative of the years to come.
I am also not claiming that these rates will apply to the future. The video is mainly descriptive. It is clearly outlined when i talk about future rates.
@@fourwheeltrader No I get it, not putting any blame on you. Just unfortunate for us data nerds who want to be able to make informed decisions.
Thank god lol maybe I will be able to afford one
hellcat redeye?
They were overpriced to begin with. People who can afford $100k for a C8 can swing $150-200k for a better car like a Porsche, Maclaren or Ferrari.
Is 64k a good deal for a 2020 1LT with 4k miles?
No
I wouldn't pay more than 55k..that is what it's worth..those that overpay for everything they buy probably would disagree.
Lancia integralle market please
Great vid thank you
FERRARI 812 SUPERFAST
NEW! V12 cylindri is coming,will it nail the 812 prices ????????
The 812 is covered in the latest V12 Ferrari market update. Have a look at the channel's page.
@fourwheeltrader
We were told there would not be another v12, meaning people bought the 812.
Now, there is a NEW V12 cylindri coming.
Surely, this will drop prices. Your previous video did not mention a new car on the way.
Can you look into this, please?
Could you do a video of the mustangs gt
first non-response!
Sweet
C8 value proposition gets better and better definitely want a c8 in 2025 I wonder if I should wait longer tho 🤔
How long do you want to wait to enjoy the car? I couldn’t stand to wait another year and lose out on all that driving fun. Buy in the winter and drive it as much as possible.
Wait … at least till winter , last December first corvettes started selling before MSRP one dealer in Montana was selling it for 10k below MSRP
Used autos expected to jump up as few leases and high inventories of new cars .
New discounts
Used higher
But no guarantee in this volatile world .
@@Gadfly2025 I heard this on another channel but I don’t think this is gonna be the case because of insane prices and interest rates and negative equity people are holding on to their used cars longer. Plus in a shaky economy people slow down on buying expensive sports cars so they’ll be even more downward pressure on toys like corvettes
If you wanna drive now, you gotta buy now! You never know when life will be over.
GR Corolla
Basically people want the zo6 not the base version
That's what dealers want you to believe because their allotments are for the most expensive models that they think will boost their margins/commissions.
What did you expect? Duh
These things are so cheap now I just saw a 2021 with 50k miles for $29999 they are all over for under $40k
Where?.....details
Vetted owners makes me laugh every time. They think their cars are SUPERCARS. Its vetted. Its everywhere...
I used to hate vette, but its by definition a supercar, we gotta give them credit!the rest ( huracan, mclaren 720s/600lt) etc are hypercar, i drove both alot, hypecar are way better and funnier to drive but bang for your buck its incomparable
@@francisgodbout1038someone gets it. The only reason people say it's not a supercar is due to the price. It's a supercar
@@jason401. yea indeed it is! Not everyone can make 400k+ a year, the world need regular people doing regular jobs. Corvette did an amazing job proving an exciting alternative to an affordable price 🙏🏽
😂😂😂