[WARP TEN]

Originally Posted by DRM500RUBYZR-1

Initially, I anticipated a dramatic drop in C-7 prices.
It actually began to happen back in March and April.
Lately however, C-7 wholesale prices have begun to stabilize.
Some have theorized that with the C-8 production spoken for, many buyers will not want to wait almost a year to get a new or nearly new Corvette.
Chevrolet dealers continue to discount their remaining 17, 18, and 19 NEW cars that they still have in inventory.
But some who go to auctions for used C-7's are noting the firmer prices.
Sounds plausible, but could be other factors as well.
Word has it that some Chevrolet dealers are buying used C-7's just have some Corvette representation if their C-8's are pre sold.
I have fielded many calls from C-7 owners looking to sell 14-18's, but they are taken aback when they see the prices of ones that are actually selling.
Interesting times for sure.
Marty

A good analysis. Many would be sellers don't realize that when new cars are heavily discounted, that lowers the trade in and retail prices of similar used cars. Conversely, if there is a very limited supply of new cars, the prices of used cars will stabilize rather than continue to drop. --Bob