C4 Corvette ZR-1 Values Are Starting To Rebound

[jmglyder]

C4 Corvette ZR-1 Values Are Starting To Rebound
0
BY SEAN SZYMKOWSKI — SEP 6, 2017


Read more: http://gmauthority.com/blog/2017/09/c4-corvette-zr-1-values-are-starting-to-rebound/#ixzz4rwnz53pn

Interesting article on what we already know but perhaps this will help to support ZR-1 prices in the future. I thought you might enjoy reading.

thanks

John

[spork2367]

No, they aren't starting to rebound.

[DRM500RUBYZR-1]

Prices on GOOD cars have indeed been firming up.


Price guides and books do not buy cars.


People do.


If you happen to have the car that one person wants, and it meets their demand for condition, mileage, color, etc. then the check books come out.


There will still be price discussion, but the check book is out.


"Car People" are funny that way.


There are some that only buy price; but there are also others that simply want THAT CAR!


Personally, I have the "car guy/gal" affliction as well. When it is the right car for me, price is not the deciding factor.


I am not alone.


Marty

[USAF Retired]

Good news and it's about time!

[spork2367]

Prices on GOOD cars have indeed been firming up.


Price guides and books do not buy cars.


People do.


If you happen to have the car that one person wants, and it meets their demand for condition, mileage, color, etc. then the check books come out.


There will still be price discussion, but the check book is out.


"Car People" are funny that way.


There are some that only buy price; but there are also others that simply want THAT CAR!


Personally, I have the "car guy/gal" affliction as well. When it is the right car for me, price is not the deciding factor.


I am not alone.


Marty

Agreed, which is why if I had 22k right now, I'd be the owner of a steel blue metallic 1991....lol.

But special colors, combos, etc. will always bring higher prices, whether the market is soft or not. Hagerty isn't an "off the cuff" valuation tool. While I believe the market has flattened out I've seen no evidence that it's picked up. The clean 53k mile 1990 in FL for 16.5k is a prime example.

[charles]

I have a 1995 base model Corvette, 300 hp when it was stock. I put 20,000 into this thing to make it look like it does. I don't expect to get all that money back, nor do I wish to sell it. Still one of the most beautiful Corvettes made!


Sent from my iPhone using ZR-1 Net Registry (http://r.tapatalk.com/byo?rid=90383)

[henryr]

i hope not...

[Sphinx]

I started looking at ZR1s about a year ago. Still looking for the right car for me. However lots of cars are way overpriced and are sitting around. Found one near me that is perfect for what I would like but the owner wants $30,000 for a 94 with 50000 miles on it. Price correct would be in the High Teens and that's why he's had it for sale for 2 years.

I think that the only true statement is there there are fewer original examples. But the market has been very unkind to these cars.

[S.hafsmo]

Is it not slightly ironic that everyone looking for one is complaining that all the good ones are "overpriced", but as soon as you've acquired one, most topics become a discussion of how undervalued these cars are?

If not even the Z-reg members are willing to pay premium for these, who will?

[Z51JEFF]

These price are crap and they are never accurate.

[Sphinx]

Is it not slightly ironic that everyone looking for one is complaining that all the good ones are "overpriced", but as soon as you've acquired one, most topics become a discussion of how undervalued these cars are?

If not even the Z-reg members are willing to pay premium for these, who will?

LOL! Let me explain the paradox. The car is unloved for no good reason. So, when it finally sells (because it is finally priced correctly), the new owner can't figure out why they are so unloved and undervalued. But I don't think that folks who are buying cars priced correctly are saying that they over/underpaid, rather that it is a shame that the market doesn't love them more. But I'm not going to volunteer to love the car more and pay a premium. Why would I? Emotion?

The guys who are getting killed are the one-owner car owners that are in love with their "investment," hoping their once "unicorn" pre-IPO shares will recover from being a penny stock. It might, but it might not.

It's supply and demand and right now, demand isn't strong for the ZR1's.

[A26B]

............If not even the Z-reg members are willing to pay premium for these, who will?

Bear in mind that most Registry members already have a ZR-1. Only a small percentage of the Registry members can afford to own more than one, or don't have the space for another, or simply don't have a use for another one.

So, examining the Registry members as part of the pool of potential buyers is really not being very objective about it.

[spork2367]

Is it not slightly ironic that everyone looking for one is complaining that all the good ones are "overpriced", but as soon as you've acquired one, most topics become a discussion of how undervalued these cars are?

If not even the Z-reg members are willing to pay premium for these, who will?

No one. Which is why there are so many nice cars for sale.

These price are crap and they are never accurate.

Which prices? The reality is, you can see what cars are listed for and not selling, and you can see the last listed price for cars that have sold and get a really good idea of where they're at.

The guys who are getting killed are the one-owner car owners that are in love with their "investment," hoping their once "unicorn" pre-IPO shares will recover from being a penny stock. It might, but it might not.

It's supply and demand and right now, demand isn't strong for the ZR1's.

And some two owner cars....and also some three owner cars...They won't ever recover that much. First owners are screwed, as are most second owners unless they got a steal. And there are plenty of third owners who would be lucky to break even. With all the attention they've received in articles and such recently, with no effect on prices or desirability, they probably aren't going to appreciate much more than the rate of inflation.

Bear in mind that most Registry members already have a ZR-1. Only a small percentage of the Registry members can afford to own more than one, or don't have the space for another, or simply don't have a use for another one.

So, examining the Registry members as part of the pool of potential buyers is really not being very objective about it.

Agreed. And to expound on that, the people who seem to comment the most on the values rising seem to be the ones who are the most hopeful that they are.

There are the people who care about the value because they want to sell someday and make money.

There are the people who don't care because they are going to be buried in their cars.

There are the people who care because they don't own one and want to buy one, or buy a second one.

I have a hard time believing there are really any people who plan on keeping their car forever AND think/hope they should be worth more. That will only make parts more scarce and cost more. I believe those are the people who would sell out if the value went up.

I'm the person that hopes the value drops because I want to own a fleet of them....:-D

[Z51JEFF]

Which prices?

Price guides. Every time I see the latest issue of a Corvette magazine with a price guide in it it's never accurate. The only group of people that know the actual value of these cars are the owners. I'm not looking to sale anytime soon but when the time comes Corvette #5 will be a Midyear Coupe. I've had the car for 10 years now and don't see selling it anytime soon,it is going to be interesting once values do start to rise.

[rush91]

I for one will never sell my Z.... I've had people at stop lights offer me $5000 over what I paid. But to me, a million bucks won't buy my Z ( let the eye rolls begin, I know ) Mine will never sell for very much more than I paid, but as I said it's not for sale. When I'm 70 and can't climb in or out of my Z, at least I can still sit down next to it and soak in all of its beauty

[A26B]

When I'm 70 and can't climb in or out of my Z, at least I can still sit down next to it and soak in all of its beauty

Damn, you have a pessimistic outlook for 70! I'll be 70 in January & drive my Corvettes pretty hard.
& don't have any problems climbing in or out of the drivers side. I'm a poor passenger so I have very little experience getting in or out of "that" side.

[We Gone]

I refer to mine as rolling inheritance, as unless something unforeseen happens I will never sell them.

[rush91]

Damn, you have a pessimistic outlook for 70! I'll be 70 in January & drive my Corvettes pretty hard.
& don't have any problems climbing in or out of the drivers side. I'm a poor passenger so I have very little experience getting in or out of "that" side.

Lol....I never thought I'd see 40 with all the stupid stuff I did when I was younger. But here I am! I have no trouble getting in or out, but have had some lady friends who hate the car cause of that. But being a gentleman, I open the door and help them lower themselves in, and give them a hand to use to get out.

And yes. I hope to be a 90 year old dude, barely seeing over the wheel, but still driving my Beast. They can have my driver's license and Z key, when they pry it from my cold dead hand...


Sent from my XT1585 using ZR-1 Net Registry mobile app (http://r.tapatalk.com/byo?rid=90383)

[rush91]

I refer to mine as rolling inheritance, as unless something unforeseen happens I will never sell them.


Rolling inheritance! I love that!! I agree, mine has a no sale clause

Sent from my XT1585 using ZR-1 Net Registry mobile app (http://r.tapatalk.com/byo?rid=90383)

[RussMcB]

Damn, you have a pessimistic outlook for 70! I'll be 70 in January & drive my Corvettes pretty hard.
& don't have any problems climbing in or out of the drivers side. I'm a poor passenger so I have very little experience getting in or out of "that" side.Ha! I hear ya. Remember back when 30 was old? :-)

[Joelbbvette]

The bottom line is there are bad cars, good cars and excellent cars. Buy the best you can afford because you really like it. I just looked at Kelley Blue Book which placed an excellent low mileage (11.5K) 90 ZR-1 at $15k and same car on NADA was $40K. Truth is some where in between for the correct buyer, aka ME! I will clean her up a bit, fix the cassette player and drive it more than she has been.

Buy them because you like them and you don't get hurt. Buy them to make money and some will, many won't.

[Vette73]

Lol....I never thought I'd see 40 with all the stupid stuff I did when I was younger. But here I am! I have no trouble getting in or out, but have had some lady friends who hate the car cause of that. But being a gentleman, I open the door and help them lower themselves in, and give them a hand to use to get out.

And yes. I hope to be a 90 year old dude, barely seeing over the wheel, but still driving my Beast. They can have my driver's license and Z key, when they pry it from my cold dead hand...


Sent from my XT1585 using ZR-1 Net Registry mobile app (http://r.tapatalk.com/byo?rid=90383)
Helping a lady friend out of a Z can be a good thing,especially if she's wearing a nice loose skirt, or even a tight one for that matter...

Let me explain ..To properly step out of a Z the right leg has to be lifted up and moved to the right...In which case now gravity takes over and the aforementioned skirt now drops shall we say more than a few inches revealing hopefully in most cases a welcomed sight....

So, when you think about it,its a good thing.....Lol...

Sent from my LG-TP260 using ZR-1 Net Registry mobile app (http://r.tapatalk.com/byo?rid=90383)