[VIDEO] Is Now the Worst Moment to Buy a Pre-Owned Corvette?

Fourwheel Trader is back with his latest analysis of the used Corvette market, and if you have your heart set on climbing behind the wheel of a C7 or C8 this summer, it’s not necessarily good news.

FT says that while C8 prices are 44% lower than their peak in the summer of ’21, they’re still up for 2025. He says these cars are now being affected by more normal seasonal price changes and believes it would probably be a better financial decision to wait until this winter to buy when prices are likely to fall.

“The summer and in particular this summer are not the best moment to buy a C8 Stingray, provided you are a value conscious buyer,” FT says. “The seasonal pattern is extremely strong in this market. Discount rates on unsold inventory are between 0 and 1% while they are between 5 and 7% in the winter. The latter rates allow you to offset a significant part of the yearly depreciation rates.”

C8 Corvettes are down $44,000 compared to their market peak in 2021 and can now be found as low as $55,000, he reports.

Stingray prices have increased between February and May this year, with a median price of $70,000 for coupes and $79,000 for convertibles. That’s not surprising, he says, because the C8 is affected by an exceptionally strong seasonality effect.

“Buying right now means that it’s unlikely that there’s a lot of haggle room in the price,” FT says. “In the winter though, you should be able to get 5 to 7% off if the car has been standing for three months or longer. This already covers the 8.3 and 9.1% depreciation” of the convertibles and coupes, respectively, the lowest rates since the market peak in August 2021.

Turning to the front-engine C7s, FT calls them “relatively good buys at the moment” as Stingrays lost 4.7% and Grand Sports 2.7% while Z06s gained 1.1%.

So, what are you seeing in the C8 and C7 markets in your area?

Source:

Fourwheel Trader / YouTube

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