C8 Corvette Prices Seemingly Coming Down to Earth as Supply Improves

C8 Corvette prices have remained high for years now, but there are signs that now might finally be the right time to buy one.

Since the day it launched, we’ve seen C8 Corvette prices stay inflated, mostly because of the simple laws of economics. Supply has always been low thanks to global supply chain issues that have endured for years, while demand for the mid-engine sports car remains high. However, with things somewhat returning to normal thus far this year, production has improved, while the launch of the Z06 has given buyers a new shiny object to focus on. Thus, it seems as if used C8 Corvette prices are indeed finally coming back down to a reasonable level, according to some research from the YouTube channel Car Auctions Weekly.

Over the past four years, GM has built a whopping 100k C8 Corvettes, and yet, prices have remained quite high. Typically, this isn’t the case, as popular new models quickly become “just another used car” and prices inevitably come back down to reasonable levels. Recently, Car Auctions Weekly took a bit of a deep dive into auction results from Bring a Trailer and Cars & Bids to see if this is finally becoming the case with the C8.

In this case, however, the data includes both the Stingray and Z06, the latter of which remains in high demand and low supply, with some examples selling for tens of thousands over sticker, as we’ve seen a lot of recently. However, out of the 10 Z06s listed on Bring a Trailer recently, five of them didn’t sell, with one particular dealer refusing to take a $50k profit on a $138k car. Eventually, this won’t be the case and Z06 prices will decline, but that day seems a bit far off at the moment.

However, the same cannot be said for C8 Corvette prices when it comes to the base Stingray. After peaking back in 2021, the Stingray is still a common sight on auction sites, with 19 out of 33 listings finding a new home on BaT recently. However, only three of those 19 cars that sold managed to reach the $100k mark, with the majority trading hands for at or under MSRP. This is obviously great news for those that have been holding out, waiting for the right time to buy, as we may have finally turned the proverbial corner in that regard.

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