Corvette Enthusiast Price Guide

[IH2LOSE]

I don’t know if anyone else reads the magazine. But it just recently had a current price guide for corvettes in its latest edition.



I am not sure where they gather there information from but they state the prices of some of the collectable cars have slipped slightly from 2004 pricing. Meaning our cars are losing value. (I have not seen it, if any thing I have seen a steady climb in the prices of our cars along with other muscle cars)



Since the change the magazine made a couple of years ago it has been my favorite magazine. I am just wondering have other seen a decline in pricing and I am just in denial?

 

[ThomC]

I saw that price guide - and I was a bit surprised by it too. Maybe I was still thinking BJ prices were real. Though they seemed a bit lower than those in the Corvette Fever price guide. Oh well - I have no intentions on ever selling mine, so I guess it's not a big deal.

I re-read John's article on C2 frames about three times trying to glean every little factoid out of it. As always - very interesting and very well written.

Thom

 

[BarryK]

I hope they aren't declining in value either.
i just recieved the new appraisal on my car yesterday and while I was hoping the value would reach a certain amount, i was surprised to see the appraisal come thru at a few thousand over my hoped-for amount. it is also WELL above the amount i paid for the car just 14 months ago.
the appraisal was done by a very highly respected specialty vette restoration shop and i feel it's very fair valuation without being over-the-top unrealistic such as you may see compared to selling prices at places like B-J or Mecum.

i think most of those price guides seen in magazines are just based on what cars they have seen sold recently and they take the average for each year and type - so if for example they saw 6 different '66's sold they take the average selling price of the coupes but probably don't seperate if they are sb's or bb's or restored or poor condition, etc. if the only '66 coupes sold were in less than average condition than the pricing guide will reflect a lower price but maybe for the next edition the cars sold could be in better shape therefore bringing the pricing back up.
this is just a guess and i could be way off base here............

 

[Ripp 73]

Either way, it still says the value of my car is way more then I paid for it. I'm not really thinking about selling it, but at times it can be tempting.
Overall I have not seen the prices drop to dramatically. B-J prices are of course way too high. But that is what you get when you hace car enthusiasts all gathered in one place to buy a certain type of car.

Add: Glad to hear that your appraisial went well Barry.

 

[studiog]

I would take any pricing guide with a grain of salt as they say. Prices spike up and down depending on the time of year, availability & the economy to mention just a few. I think they are even affected by the BJ auctions for several weeks after. Like a rising tide BJ inflates pricing across the board, if only for a little while.

 

[soppeng]

I just recieved my copy of Corvette Enthusiast this afternoon (home recouperating from back surgery a week ago). The article states that Mid-Year's prices have risen consistently over the past five years, with small blocks up 5-7 percent for the past year and big blocks up in value 7-10 percent. While some collector car values may be decreasing, the mid-year corvettes don't appear to be. I paid $24,500 for my 65 coupe 3 years ago. It was appraised at $39000 a year later (probably an inflated value). A couple of weeks ago, a corvette dealer estimated that I had probably paid $40,000 for the car. While I'm not so naive as to trust any car salesman, I feel certain that the money and time I've put in the car could be recovered any time. However, I didn't by the car as an investment, but to drive and enjoy regardless of the value a magazine puts on the car.

 

[Tripleblack51]

Since the change the magazine made a couple of years ago it has been my favorite magazine. I am just wondering have other seen a decline in pricing and I am just in denial? [/QUOTE]

Larry,

I read the same magazine and saw the guide you're referring to.
I didn't really give it much thought though.
Remember that the prices are averages.

These old cars have one intangible that the written word or a picture cannot capture...desireability.

When a prospective buyer sees a good-looking midyear that he has the "hots" for "in person", all magazine guides and bets are off.

Our vintage vettes are worth whatever someone is willing to pay for them.
If the car is right and what the buyer wants, he will pay the price.
Remember, it's not like looking at a C4 or a C5.
The supply is limited...you will not do a search on autotrader within 25 miles and find 50 of them.

Barret-Jackson is just one vehicle that drives the pricing on these cars.

The other is people like us that love them.
There's magic in these old cars..maybe memories of a lost youth for us "mature" owners.
I don't know what it is, but plain and simple...

it's worth whatever you are willing to pay for it.

Pedro

 

[vettefinderjim]

Very complete article

I like the way they show models, like 65 convert and coupe, and break it further by engine type.

I feel the guide is more accurate and represents the 'real' world vs. the "wish" opinions of wantabe Barrett-Jackson sellers that have very inflated opinions of value of their 'for sale' cars.

Always has been supply vs. demand.......and the opinion of buyer and seller getting together.

 

[*89x2*]

...the Editor of that guide is Eric from CPI I believe - Good stuff and fairly good w/ accuracy - CPI is well respected for the market reportsBig-Auctions - I would not totally base values on the craziness under the big top:crazy

 

[IH2LOSE]

I like the way they show models, like 65 convert and coupe, and break it further by engine type.

I feel the guide is more accurate and represents the 'real' world vs. the "wish" opinions of wantabe Barrett-Jackson sellers that have very inflated opinions of value of their 'for sale' cars.

Always has been supply vs. demand.......and the opinion of buyer and seller getting together.

If I understand correctly

You actually provide a service of putting buyers and seller together,So that would mean your invouved in a lot of actuall deals (not just asking prices)

With that understanding I will consider the price guilde acurate.

Thanks for the responce. I just fealt the reported sale prices may be different then the actuall sale prices for registration purposes or tax liabilities or something.

 

[reubenmc]

On a side note about this article........the Callaway pictured in the top right hand corner of page 57 belongs to a member here!! TurboLuigi.....http://www.corvetteactioncenter.com/forums/member.php?find=lastposter&t=68426