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re: Why don't Corvettes hold their values better?

Posted on 6/14/23 at 2:34 am to
Posted by bcoop199
Kansas City, MISSOURI
Member since Nov 2013
7942 posts
Posted on 6/14/23 at 2:34 am to
My guess is unlike top end sports cars like Ferrari's people know they were probably driven hard.
Posted by auggie
Opelika, Alabama
Member since Aug 2013
29618 posts
Posted on 6/14/23 at 2:51 am to
He specifically brought up the 80's and the 90's.
Sad performance.
Posted by Dragula
Laguna Seca
Member since Jun 2020
5971 posts
Posted on 6/14/23 at 4:49 am to
quote:

I assume in the 60s you mean C3s and not C2s.


Very true for late model C3 not being a huge draw, however the chrome bumper cars (68-72) market is very hot now and has been hot the last several years. C2s have appreciated beyond many buyers thus greatly raising the value of early C3s. Late C3's are a really good buy though, can be made quite a fun street/track car with minimal mods.
This post was edited on 6/14/23 at 5:03 am
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
130071 posts
Posted on 6/14/23 at 5:36 am to
They fall apart after 3 years. Same as Camaro's and mustangs.
Posted by beaverfever
Little Rock
Member since Jan 2008
34244 posts
Posted on 6/14/23 at 6:12 am to
They’re not exotic and nobody is nostalgic for Corvettes because they were so far out of most people’s price range when they were coming of age.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 6/14/23 at 6:36 am to
quote:

decent looking


quote:

from the 80's and 90's


Those are the least desirable years.
Posted by GWM
Member since Aug 2021
1565 posts
Posted on 6/14/23 at 6:39 am to
quote:

Chevrolets seem to hold their value better than most brands except for Corvettes, I see decent looking used ones from the 80's and 90's listed all the time for less than $10k.


The 80's Corvettes were nothing special. A 1982 model, in good condition will bring a decent price as it was the last year of that body style, chassis era, but other than that, they were bland.

Same with other GM cars of that era, look at all the F bodies you can buy dirt cheap now. Other than a specially optioned car, they're a dime a dozen.....except for rarities like the 89 Trans Am 3.8 turbo car. Very few produced, and rare, and a specialty/novelty car.....they demand a price, much like the Buick Grand National, and the GNX (if you're luck enough to find one of those).
Posted by PMHBammer
Member since Aug 2010
158 posts
Posted on 6/14/23 at 7:26 am to
quote:

because they are fiberglass unibody cars, meaning the body is the frame


They are definitely not unibody, and I don't believe Corvettes have used pure "fiberglass" since the late 60's. They have always used composite materials and are now implementing a lot of carbon.

I'm not sure what you're referring to about body panels separating. I've owned several from the early 70s through a C7 and never had this issue.

C3's have lots of age related issues that drive down the value. The entire car runs on vacuum systems which always give issues and require occasional replacement of rubber hoses. They also have "bird cage" failures due to rust which is not a cheap fix. But most Corvettes aren't exactly rare, and they hold their values as well as can be expected. The truly rare models always run in the 6 and 7 figures however.
Posted by DCtiger1
Member since Jul 2009
10158 posts
Posted on 6/14/23 at 7:33 am to
Go try to find a C8 under MSRP and get back to me.
Posted by Traveler
I'm not late-I'm early for tomorrow
Member since Sep 2003
25584 posts
Posted on 6/14/23 at 7:35 am to
quote:

because they are fiberglass unibody cars, meaning the body is the frame.

Uh, no. The frame, particularly the 'birdcage' area is the Achilles heel of old corvettes. They were made by O A Smith, Co and were delivered to GM with a thin coat of asphalt-based paint that soon wore off and was subject to corrosion early on particularly in areas where salt was dumped on the roads.
Keep in mind, GM design team placed a service life on these cars from 5-8 years (C3 was an exception to this) until the next generation was expected to be introduced. Many corvette owners are/were repeat buyers and many traded their cars in for the first of the next generations.
Any vehicle that was produced in volume 50 years ago and driven as hard as a corvette, with its old technology and less than perfect assembly process and still on the road today, does speak a lot for the name.


This post was edited on 6/14/23 at 9:14 am
Posted by Traveler
I'm not late-I'm early for tomorrow
Member since Sep 2003
25584 posts
Posted on 6/14/23 at 7:37 am to
nm
This post was edited on 6/14/23 at 7:56 am
Posted by YouAre8Up
in a house
Member since Mar 2011
12792 posts
Posted on 6/14/23 at 7:42 am to
The market is too saturated with them.
Posted by jrobic4
Baton Rouge
Member since Aug 2011
10296 posts
Posted on 6/14/23 at 8:01 am to
quote:

Ferrari 365 GTB/4 Daytonas ($1.15M


What cheap arse loser bought the least expensive one?
Posted by jizzle6609
Houston
Member since Jul 2009
14228 posts
Posted on 6/14/23 at 8:16 am to
Chevrolet
Posted by Traveler
I'm not late-I'm early for tomorrow
Member since Sep 2003
25584 posts
Posted on 6/14/23 at 8:18 am to
quote:

The entire car runs on vacuum systems which always give issues and require occasional replacement of rubber hoses.

A couple dozen feet of hose, three actuators, three or four pneumatic relays, a check valve, filter, electrical solenoid, headlight & wiper switches, override switches and a vacuum holding tank. When it all works, it's pretty cool. When it doesn't, the fun (headache) begins.
If you buy one of these cars, a Mighty Vac tool needs to be one of the first tools you need to buy.
This post was edited on 6/14/23 at 8:41 am
Posted by BlueWaffleHouse
LA
Member since Jul 2012
1954 posts
Posted on 6/14/23 at 8:22 am to
quote:

Met a guy once who owned a Lambo. Said he hated driving it in LA b/c the roads were so shitty (poor upkeep & weather-related damage)


Porsche & Lamborghini just solved this problem w/ the release of the 911 Dakar & Huracan Sterrato
Posted by TCO
Member since Jul 2022
3261 posts
Posted on 6/14/23 at 8:26 am to
quote:

Chevrolets seem to hold their value better than most brands


Posted by BlackPot
Member since Oct 2016
2366 posts
Posted on 6/14/23 at 8:31 am to
At the end of the day, it's just a Chevy and it's a production line, mass produced car. Nothing "special" about them in the long run.
Posted by TigrrrDad
Member since Oct 2016
7586 posts
Posted on 6/14/23 at 8:33 am to
quote:

Go try to find a C8 under MSRP and get back to me


A few months ago I was able to buy one off the showroom floor (no pre-order) at MSRP and I considered that a bargain.
Posted by ninthward
Boston, MA
Member since May 2007
21288 posts
Posted on 6/14/23 at 9:12 am to
Cars? Holding their value?

quote:

"Classic" Corvettes also seem much more affordable than any other Chevy model.


They made and sold a shite ton, look for an L88 or split window.
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