C4 Corvette ZR-1 Values Are Starting To Rebound

[Sphinx]

Originally Posted by 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?

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]

Originally Posted by S.hafsmo

............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]

Originally Posted by 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?

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

Originally Posted by Z51JEFF

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.

Originally Posted by Sphinx

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.

Originally Posted by A26B

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....

[Z51JEFF]

Originally Posted by spork2367

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]

Originally Posted by rush91

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]

Originally Posted by A26B

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

[rush91]

Originally Posted by We Gone

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

[RussMcB]

Originally Posted by A26B

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? :-)