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Still a Highly Desirable Car


here was plenty of speculation about what would happen with the resale value of the C7 Corvette once the C8 came out with its mid-engine layout and its totally new design. So far, the C7 Corvette doesn’t seem to be hurting much. Recently J.D Power listed the car as number one in its latest 2020 U.S. Resale Value Awards.

The Corvette beat out other cars that are well-known for keeping their value like the Nissan GT-R and the Porsche 911. In the Medium Premium Sporty Car category of J.D Power’s awards, the Corvette was at the top of the heap by seeing the lowest level of depreciation of other cars in its class.

“Our transaction database shows which models have the lowest depreciation costs, hence providing consumers with a key component in the total cost of ownership of the vehicle they plan to purchase or sell,” said the general manager of vehicle valuations at J.D. Power, John Banks. “Currently, wholesale prices remain strong and we expect prices will be greater than pre-virus levels by year’s end. However, given the volatility of the market, it’s more important for consumers to factor this information into their purchase decision.”

J.D Power analyzes data from about 270 different vehicle models across more than 592,000 dealerships and their transactions. The vehicle’s wholesale price was divided by its original purchasing price to find the amount of depreciation in three years since it was first sold.
Check out the full listings for cars at the link:

 
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Indeed it is :cool:. Thanks for posting Bob.
 

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Still highly desirable to me. Love the C8 but not at the cost of selling my C7 to get it.
 
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Still highly desirable to me. Love the C8 but not at the cost of selling my C7 to get it.
Me too! I like the C7's looks, its better luggage capacity, its more passenger friendly interior and its certainly adequate power with an under 3 second 0-60 time. I once owned a Ferrari 308 and I don't need another even it is better in almost every way. At least not for now. Who knows what the future holds? If they come out with paint colors more to my liking (Black Rose, really dark blue or red) and an interior that allows my wife to run the radio in a few years, I might take a harder look. But heck, they even killed Long Beach Red for 2021. Going in the wrong direction for me. Glad to hear that our C7s are holding their own in the marketplace. --Bob
 
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I tend to agree with most everyone that has posted. When I park my C7 Z06 next to a 2020 C8, I’m thinking there are more things that I love with my C7. (JMHO) I have had a deposit for a C8 Z06, for over two years now with Mike @ Criswell, and I’m hoping I’ll really love what I see, with the new Z06, enough to part with my C7. Wish I was in many of your ”pay grades”, and could have and keep both.
 
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