Best months to sell?

[cvette98pacecar]

Here are some facts, Please take this information any way you want.

Paul Dehnert TT LPE sold two years ago for 42K.
at the same auction his LPE 415 sold for 35K.
91' Steel blue Convertible sold two years ago for less than 35K.
91 Black CR1 just sold in Mass for 32K
Frank just bought a CR1 for less than 35K.

Now these are some of the highly collectible cars that all have over 150,000 dollars in them. If our cars were so collectible these cars should have sold for double what they did. Our group is so small we cannot support 6500 cars. For new corvette buyers coming into the market they are looking at C5, C6 for the same money that they can get repaired almost anywhere.
To be truthful if I was not a Corvette guy and I was looking to spend 25k to 30K I would be looking at a Viper GTS.

[tcz062]

First of all you talking about selling or buying some at the height of a resession. Two your talking about a different beast. 90,91,and 92 will never bring the money of a 405. Production numbers too high. Really does not matter what after market has been added. You will see the 405 4 bolts increase steadily over the next ten years. They are on almost every collector cars list to watch or buy now.

[cvette98pacecar]

Originally Posted by tcz062

First of all you talking about selling or buying some at the height of a resession. Two your talking about a different beast. 90,91,and 92 will never bring the money of a 405. Production numbers too high. Really does not matter what after market has been added. You will see the 405 4 bolts increase steadily over the next ten years. They are on almost every collector cars list to watch or buy now.

I can see how much you know by saying the 92 was a high production year. There were only 502 ZR-1 built in 1992. And as for LPE or Callaway cars they are sought out more than any other C4 and are bringing the most money at auction or on any forum. Furthermore a 94 Admiral blue just sold for under 18K. I personally dont care if they go up or down. Any Car that you are going to drive is not a good investment.

[mike100]

Only an aficionado of LT5 cars is going to really want to pay extra for the 405hp car. A lot of people are looking for a deal and since the new cars just keep getting better and better, I wouldn't count on most ZR-1's to increase in value.

They will still be worth twice what a regular C4 is worth- pretty much forever I would think.

[scottfab]

"Be careful what you say about PERMANENT concepts"
The above is a quote from this webpage
http://www.permanent.com/infamous-quotes.html

Some of the opinions given remind me of some other absolute statement made in the past which can be found at the above link:

"Stock prices have reached what looks like a permanently high plateau."
-- Irving Fisher, Yale University Professor of Economics, 1929
(two weeks later, the stock market crashed and the Great Depression started)


"The horse is here to stay, the automobile is only a fad."
-- Advice of President of Michigan Savings Bank

"Heavier-than-air flying machines are impossible."
]-- Lord Kelvin, British mathematician and physicist

"Well-informed people know it is impossible to transmit the voice over wires and that were it possible to do so, the thing would be of no practical value."
-- Boston Post, 1865

"There is no reason anyone would want a computer in their home."
-- Ken Olson, president, chairman and founder of Digital Equipment Corp. (DEC)

[Polo-1]

Originally Posted by AT T 2D

I would like to sell my 11k mile '94 ZR-1 in the near future. What are the best and worst times of the year to sell a car like this? Is it best to wait until spring?

What color and options does it have. What are you looking to get for it.

[fred]

Spring (early) is usually the best time. I don't think ZR-1 prices have bottomed especially for the early cars, but later as well. I think people getting into ZR-1's in the future will spend the extra money for the 93 ups, maybe not as much as now for the average cars. I think the price diferential between the average cars and the museum quality ones will continue to widen.

[Kevin]

i think we all overestimate how many people know wtf a zr-1 is

[cvette98pacecar]

Originally Posted by Kevin

i think we all overestimate how many people know wtf a zr-1 is

I just want to know why everyone keeps putting ZR1 badges on C4 Corvettes.
I agree with you entirely.

[scottfab]

FWIW
Kelly Blue Book holds a $31k value on a 92 ZR-1 w/50k miles and good condition.
That drops to $25k for a 90k mile car..