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Prices of the mid-engine Corvette continue to plummet so far in 2024, continuing a trend that began in the summer of 2022.
“The good news for you as a value-conscious buyer,” according to Fourwheel Trader, “is that you are no longer buying at the market peak.
The inevitable drop occurred and now is definitely a better moment to buy than last year.”
The depreciation rate for the 2023 Z06 has especially plummeted, he says, noting that prices have dropped 31.6% as premiums above MSRP have evaporated.
It appears that if you were wise enough to buy from a dealer at MSRP, you should be seeing zero depreciation at worst.
Used Stingray prices have been falling at an annual rate of 12.9%, but if you want to save even more and minimize your losses, that you wait for the usual seasonal discounts this winter.
“But if you want a new car, be aware that they are being discounted now and that it can pay off to shop around until you find one below MSRP,” he says.
C8s were seemingly immune to depreciation in the first couple of years of production, but now that Bowling Green is pumping out 50,000 a year, the demand is finally starting to be met and prices are falling.
That’s certainly great news if you want to climb behind the wheel of what many consider the greatest Corvette ever but don’t have bottomless pockets.
“The good news for you as a value-conscious buyer,” according to Fourwheel Trader, “is that you are no longer buying at the market peak.
The inevitable drop occurred and now is definitely a better moment to buy than last year.”
The depreciation rate for the 2023 Z06 has especially plummeted, he says, noting that prices have dropped 31.6% as premiums above MSRP have evaporated.
It appears that if you were wise enough to buy from a dealer at MSRP, you should be seeing zero depreciation at worst.
Used Stingray prices have been falling at an annual rate of 12.9%, but if you want to save even more and minimize your losses, that you wait for the usual seasonal discounts this winter.
“But if you want a new car, be aware that they are being discounted now and that it can pay off to shop around until you find one below MSRP,” he says.
C8s were seemingly immune to depreciation in the first couple of years of production, but now that Bowling Green is pumping out 50,000 a year, the demand is finally starting to be met and prices are falling.
That’s certainly great news if you want to climb behind the wheel of what many consider the greatest Corvette ever but don’t have bottomless pockets.