2013 Market Analysis
Annual Review of Corvette Prices in 2013
BY: Bob Kroupa of Vette-N-Vestments
2013 was quite a year for the Corvette
enthusiast in many respects,
and a great year, I might add!
The year began with the long-awaited
introduction of the 2014
Stingray Corvette at the Detroit Auto Show in January. We had
an upfront seat
at a special introduction for the media. From then on the media
(and us, of
course) provided twelve months of Stingray coverage for this
driving machine. The accolades for this automotive icon keep
coming! And, why
not? The Corvette team at Chevrolet has brought us a noteworthy
sportscar at the right price!
Shifting gears, so to speak, in 2013 we noted
of Corvettes crossed the auction block at major special
interest and collector
car auctions across this country. Unquestionably, Mecum was the
leader in consigned
Corvettes with over 1,000 Vettes crossing their auction block.
Other major auction companies, with the likes
Russo and Steele, GAA Auctions, RM Auctions and Corvette Expo
continue to consign
Corvettes that are an ‘attendance draw’ for the
consumer and a purchase
opportunity for Corvette enthusiasts.
The Corvette enthusiast had an opportunity to
purchase a daily
drive for under $5,000 or a rare collectable for over the
million dollar mark,
like the 1967 Roadster with the L-88 motor option that sold for
at the Mecum Dallas Auction.
As indicated in an earlier Market Letter,
some never before offered for sale in the public arena,
surfaced in 2013. At
Barrett-Jackson, the first 2014 Stingray offered for public
sale sold for $1.05
Million with proceeds going to charity.
In the Corvette resale market, our 2013
registered double digit results. This has not happened for
several years and
is a strong indication that the Corvette resale market is back
in a ‘Vette-N-Vestment’
mode. On a comparative basis, the 2009 Appreciation Chart
showed six ‘no-change’
prices and no models were shown in the plus column!
This past year we also saw the Bloomington
Gold Show move to
Champaign, IL. Closing out 2013 was more news from General
Motors with the announcement
that the Z06 Corvette will return with its introduction at the
Show in January.
|Top Appreciation Models - 2013
The top three appreciating Vettes for 2013
were the ones that
started this magnificent ‘ride’ for the Corvette
over 60 years ago.
The 1953 and 1954 models have been off and on again on our
charts for several years following the state of the US economy.
to their collectability are the small production numbers of 300
for the 1953
model and 700 for the 1955 model. In addition, the 1955 model
was the first
step for desired performance with the first addition of the
265-195 V/8 motor
coupled with a 3-speed manual transmission.
Three mid-year models made the Top Ten
as well. The 1963 Roadster with its new body style (for the
of $4,037) had an average resale price in 2013 of $49,000!
The resale mid-year entry price has
historically been the 1964
models, both Coupe and Roadster. It appears that the popularity
of these mid-year
models and their corresponding current resale prices are now on
the way to breaking
the $50,000 threshold as well.
The remaining four Corvettes on the
Appreciation Chart reflect
the collectability and potential for additional appreciation:
1.) the 1973 Roadster,
the last of the rear chrome bumper models and one approaching
of the C3 Roadster; 2.) the 1978 T-Top that always takes a
to the Pace Car and Silver Anniversary models but at an average
price that is
several thousand dollars below those models despite the new
rear styling and
interior design with which it came to market; 3.)the 1972
Roadster that was
the last of the front and rear bumper Vettes and the last model
with a removable
rear window; and, 4.) the 1977 model, the last of the initial
C3 styling that
continues to draw Corvette enthusiasts.
|Top Depreciation Models - 2013
The Depreciation Chart for 2013 shows only
factors for our entire Corvette numbers base. Again, noteworthy
is a comparison
to the 2009 chart that had a range of -40% to -15% with
additional double digit
depreciation below the -15% mark not shown!
The majority of depreciating models on our
2012 chart were
special editions and performance models. This year, 2013, we
again have the
same configuration of models including a few repeat models.
However many of
the models on our charts are newer models when depreciation is
The top depreciating models are the 1996 Grand
Since their introduction and low production numbers (Roadster
– 190 units
and Coupes – 810 units), special paint and trim, they
continued with low
depreciation. However in today’s market, newer models
offer an array performance
factors and low entry level prices, thus 1996 Grand Sports have
lost some of
On the chart are two early Z06 models, 2001
and 2002. The 2001
was the first of the Z06 series with a new LS6 motor pumping
out 385 HP. The
2002 HP was increased to 405, well above the 350 HP for the
It appears that the 405 HP is on the same level with the
2005 Coupe model rated at 400 HP as the base engine. A step up
buys you a new
body style, features and comparable HP. However, the 2002 Z06
with an average
resale price of $20,000 is, in our opinion, a good buy for the
You are buying an abundance of performance, handling and
comfort features at
the right price.
The average price of the 2001 Z06 appears to
the 2002 Coupe price with its close proximity of $17,200
average resale price
compared to the performance of the Z06 for an additional $800.
The others on the depreciation chart reflect
accelerated by minimal return on the upgrade model options.
Following are highlights from our 2014
1953-1962: As shown on our
appreciation chart, the
early models in this series regained their popularity and
of the models are showing positive appreciation results ranging
from +2% to
+15%. One of the +2% factor Vettes was a 1960 Roadster at an
average price of
$57,500. Six of the ten models in this series show double-digit
over a two-year period.
1963-1967: The mid-years remain a
popular choice among
Corvette enthusiasts. These models offer unique options and
motors, when so equipped, have the potential to ‘break
in the resale market. All ten models were in the appreciation
from +1% to +11%. One at +1% was the 1966 Coupe at an average
price of $50,400.
1968-1982: The C3 series is represented
by 26 models
with good results during 2013. Only three models are showing
results, from -1% to -4% with one showing no change in average
price. The average
appreciation factor for the C3’s is +5%. The entry price
to purchase a
C3 was $10,000 for the 1978 T-Top shown on the appreciation
chart. The high
average price for this series was $32,500 going to a 1970
Roadster with a +7%
1984-1996: The 4th
Generation Corvettes offer
38 models for resale with mixed results. Included are fourteen
ranging from -7% to -1% (excluding the 1996 Grand Sports
model), six show ‘no
change’ and eighteen have an appreciation factor of +8%
to +1%. As one
would expect, the entry level is the 1984 Coupe at $7,500 that
showed a +4%
factor. The 1996 Grand Sport Roadster at $29,900 in average
resale price is
the high priced 4th Generation Corvette for 2013.
1997-2004: Last year the question was
can the average price of this series go?’ The answer is
We noted negative results for 21 of the 24 C5 models. The entry
price for this
series is $13,300 for the 1997 Coupe with a +3% factor. Fifteen
of the 24 models
show an average price of under $20,000 with a high average
price of $23,500
going for a 2004 Z06 at -4% over the past year.
2005-2010: Results are similar for the
all but two of the 26 models showed normal depreciation
results. The entry level
at $23,600 is the 2005 Coupe at -1%. At the high end average
price was the 2010
ZR at $82,000, -3%. All the specific data for all years and
models through 2010
are included in our 2014 VETTE-N-VESTMENTS CORVETTE PRICE GUIDE
that is now
The Price Guide includes high, low and average
prices as well
as options add-on pricing for each model. Another important
feature is the appreciation
factor in average price for one, two and five years. This is an
to use when buying, selling and insuring that special Corvette.
VETTE-N-VESTMENTS also publishes a monthly
Market Letter that
covers the latest Corvette news on the C7 models, vintage
racing and complete Corvette auction coverage.
The auction coverage lists each Corvette that
crosses the auction
block with specifics including year, body style, transmission,
(2-Tops, Wheels, Side Exhaust, A/C), certification, condition,
bid price and
The 2014 Price Guide with Appreciation/Depreciation figures for
1, 2 and 5 Years
The 2014 Price Guide features:
135+ Corvette Models and Special Editions.
High / Low / Average
2011 Sales Prices.
1, 2 & 5 Year Appreciation/Depreciation Figures.
Pricing for Optional Equipment including Motors
AC, Tops and Wheels.
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