C6 Z06 more than $68k, means the old Z's will go up in value

[FirstGear]

The old Z's were dumped and the bottom fell out of the market...but the new Z is coming and with a price at or above $68k...only means that the 01 to 04 Z will hold its value or go up.....the Z is quicker than the new Vettes even with the LS2 in it.....a lot of people will be priced out of the C6 Z06...creating demand in the C5 Z06.....law of supply and demand.....the price has to hold or go back up....the new C6 just isn't as quick as the C5 Z06.......do you agree or disagree?

[niphilli]

I have thought about this alot and have to say that I agree for the most part. I think the price for a low mile '02+ will stick around 35K, I doubt it will go up any as long as the base price for the base C6 stays in the 45K range.

I agree that out the box the C6 is a few ticks slower in the quarter and around the track, but IMHO this is due to ultra conservative tuning.. you could easily make more power than an stock '02+ with a little tuning.

I do think that there will be a demand for our Zs though because they are a much more viceral "connected" car than the current base C6. Many think the new c6 is a little watered down, this should create a niche for the C5 Z06.....Weekend racers on a budget will more than likely not be able to afford the C6 Z.

[jub jub]

Originally Posted by niphilli

I have thought about this alot and have to say that I agree for the most part. I think the price for a low mile '02+ will stick around 35K, I doubt it will go up any as long as the base price for the base C6 stays in the 45K range.

I agree that out the box the C6 is a few ticks slower in the quarter and around the track, but IMHO this is due to ultra conservative tuning.. you could easily make more power than an stock '02+ with a little tuning.

I do think that there will be a demand for our Zs though because they are a much more viceral "connected" car than the current base C6. Many think the new c6 is a little watered down, this should create a niche for the C5 Z06.....Weekend racers on a budget will more than likely not be able to afford the C6 Z.

My thoughts exactly!

[GaryZ06]

No one really knows the price of the C6 Z06 yet....

[Austin01QS]

I have a re-ringed 01 thats value has been dropping like a rock (high 20's). I asked the local chevy dealer how much the base C6's were leaving for and he said 53K+. I hope our Z values go up again, I really don't get it. I do 0-60's around 41/2 sec, been flying at 165+ and my value has dropped 50% since it left the showroom. ??? I imagine a supercharger would boost me to the same hp as the new 75K Z06 (yeah, the ugly one).

If you don't already have a 01-04 Z06, get one! They are a steal.

[The DBK]

Ideally, the price would be about 69k for me. That way a car like mine will retain value in the very short term allowing me to sell it for a decent price while not paying too much for the C6 Z.

If it was 55k, my car would be worthless. If it was 80k, it would be so expensive it wouldn't make a difference. I think if it's ~70, it eliminates just enough of the market to benefit me and potential buyers of my car. That way, they get a car that's faster than the C6 Z for cheap, and I recoup enough of my horrible depreciating asset to justify selling it for the new ride.

[IT L GO]

If I recall the prices of the ZR1 dropped like a rock when the 2001 Z06 came out.

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[The DBK]

Originally Posted by IT L GO

If I recall the prices of the ZR1 dropped like a rock when the 2001 Z06 came out.

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I'd find it relatively strange that a car a minimum 5+ years old to drop because a new model.

I know each represents the highest performing Corvette of it's time, and ultimately until now all time, but they are very different cars. The Z06 is much closer to a C5 than a ZR1 was to a regular C4. The market for the ZR1 is quite limited and specific, the Z06 was a much easier vehicle to obtain/identify.

[QSATL]

Originally Posted by Austin01QS

I have a re-ringed 01 thats value has been dropping like a rock (high 20's). I asked the local chevy dealer how much the base C6's were leaving for and he said 53K+. I hope our Z values go up again, I really don't get it. I do 0-60's around 41/2 sec, been flying at 165+ and my value has dropped 50% since it left the showroom. ??? I imagine a supercharger would boost me to the same hp as the new 75K Z06 (yeah, the ugly one).

If you don't already have a 01-04 Z06, get one! They are a steal.

THE 01-04 Z06 ARE THE SERIOUS FACTORY HOT RODS THAT THE WANNABEES AND THOSE THAT COULD NOT AFFORD NEW WILL LUST AFTER AND SEEK OUT IN THE YEARS TO COME. JUST KEEP THEM CLEAN AND THE MILES DOWN.

[dryforkz06]

Originally Posted by IT L GO

If I recall the prices of the ZR1 dropped like a rock when the 2001 Z06 came out.

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I sent you a PM

[tdzee]

While a relatively high C6Z price may hold up our C5 prices a bit, it will only be a small effect and will be short lived. The argument that it is better than a std C6 is only true this year. They had to "hold back" the LS2/std C6, in order to sell remaining C5's. I bet next year will see the LS2 at 425hp and any performance gap to the C5Z will be gone (......and so will this "hold up the C5Z price" argument).

Now that the technical details are mostly public, everyone is whining about the $75K M/T "price". This is just someone's guess. I believe that Rick D was right and we will see a $59.9 base price and around $65-67K loaded. This gives GM about a $15K premium for the Z over the std model. This is a much higher incremental price than we experienced with the std C5 vs C5Z (was only about $8K extra). I believe that this will cover the incremental costs of the upgrades and still deliver profit margin.

FWIW.

[RC45]

One has to wonder how a '01 Z06 value is quickly approaching the price that Firehawks go fo.. - looks like the F-Body kept it's value better than the Y-Body did.

I don't blame the new model, or the people selling theirs before bottom dropped out- I blame GM for discounting "year end" cars to the mid-40's to "move em out".

This is one of the reasons why Lexi, Benz's and Porsches don't devalue like a falling rock - they never go on "blow out sale" at the end of each year and model run.

Hell, even Caddy's and Lincolns with $50K+ sticker prices lose 50% of their value in the 2 years or so.

Never buy a US car new... unless you have the 50% to blow..

[2001Z06]

I have no real info but if I were to guess, I would doubt if there would be much of a horse power change for the next couple of years for the base C6. Over the 8 model years of the base C5 it only got a 5 hp bump for the last few model years. There is still a pretty good price gap, a bit of a performance gap and lot of appearance gap between the C5 Z06 and the base C6. I believe the C5 prices have leveled off and will simply have the usual depreciation over time.

What I think might happen if the C6 Z06 is a $75K MSRP, is that you will see a pick up in building 427 LS6s or C5R 427s and put them into C5 Z06s. I have certainly given that some thought. My current 01 has been paid off for over a year and a trade-in might fetch upper $20K. Heck, you can rebuild the LS6 into a 427 (easily get 500 rwhp) also do a brake, suspension and tire upgrade for way less than the $50K price difference from my current model to the C6 Z06. And I still have my "notchback that I like the looks of much more.

Just my 2 cents.

Don

Originally Posted by tdzee

While a relatively high C6Z price may hold up our C5 prices a bit, it will only be a small effect and will be short lived. The argument that it is better than a std C6 is only true this year. They had to "hold back" the LS2/std C6, in order to sell remaining C5's. I bet next year will see the LS2 at 425hp and any performance gap to the C5Z will be gone (......and so will this "hold up the C5Z price" argument).

Now that the technical details are mostly public, everyone is whining about the $75K M/T "price". This is just someone's guess. I believe that Rick D was right and we will see a $59.9 base price and around $65-67K loaded. This gives GM about a $15K premium for the Z over the std model. This is a much higher incremental price than we experienced with the std C5 vs C5Z (was only about $8K extra). I believe that this will cover the incremental costs of the upgrades and still deliver profit margin.

FWIW.

[Z06yellow]

RC45, all the cars you named only hold their value well because they are in short supply in the United States. Why would they discount them when they can't even get enough to the US to meet current demands. Believe me if they pumped out 100,000 cars a year to the US there would be alot sitting on dealers lots with discounts. The US has just within the last few years allowed other manufacturer to sell as many cars as they could in the US. This is probably the first year you have seen discounts on Toyota's 4000$ on Sequoia, 2000$ on 4runners. Foreign cars only hold their resale value because they are in short supply. By the way there is now way in hell I would every buy a product from Germany. We have rebuilt there country twice and they can't even back us in War. Germany can kiss my ass, everytime I see a Beamer I personally go up and screw with it .

[ZOWHAT]

Originally Posted by tdzee

While a relatively high C6Z price may hold up our C5 prices a bit, it will only be a small effect and will be short lived. The argument that it is better than a std C6 is only true this year. They had to "hold back" the LS2/std C6, in order to sell remaining C5's. I bet next year will see the LS2 at 425hp and any performance gap to the C5Z will be gone (......and so will this "hold up the C5Z price" argument).

Now that the technical details are mostly public, everyone is whining about the $75K M/T "price". This is just someone's guess. I believe that Rick D was right and we will see a $59.9 base price and around $65-67K loaded. This gives GM about a $15K premium for the Z over the std model. This is a much higher incremental price than we experienced with the std C5 vs C5Z (was only about $8K extra). I believe that this will cover the incremental costs of the upgrades and still deliver profit margin.

FWIW.

Also when tuning for the LS2 comes out,the car will run with the C5Z06's