Do corvettes hold their value

The iconic Corvette is one of the best models out there for holding its value over the long term. Out of over popular models, it consistently ranks in the Top 10 in years 5 and 7.

Photo Credit: CorvetteFurman. The research geeks at iSeeCars have released a new study and this one takes a look at vehicle depreciation rates after five years. While all used cars are holding their values better today than they were in , not all used cars retain their value equally. Overall, the average 5-year depreciation for all used cars is The average 5-year depreciation for the Chevrolet Corvette is That rate placed the Corvette at number 23 of the 25 best vehicles retaining their values. While that can be considered pretty darn good, it was the Porsche Coupe that leads the list with only a 9.

Do corvettes hold their value

New cars start depreciating before the ink dries on the sales contract and lose up to half their value in the first two years. However, not all vehicles depreciate at the same rate or lose as much of their value. Cars that have fallen out of favor with buyers depreciate much faster. But popular models can hold their value well, especially if they have desirable features and colors. One of those cars is the Chevrolet Corvette, which boasts surprisingly great resale value. Part of that might be due to limited editions. The Corvette retains It also ties for fourth overall with the Ford Maverick , a truck with decent resale value and long order wait times. The Corvette has always been a bargain sports car that usually comes with some rough edges. Most models come equipped with the Z51 Performance Package , which buyers can add to any trim level. It provides bolder front and rear spoilers and a list of performance enhancements, including a sport-tuned suspension, upgraded brakes, and an electronic limited-slip differential.

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The iconic Corvette is one of the best models out there for holding its value over the long term. Out of over popular models, it consistently ranks in the Top 10 in years 5 and 7. The longer you own it, the better it does in holding its value versus the competition. If you are looking for a domestic muscle car that will maintain its value over the years, the Corvette should definitely be high on the list. The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12, miles per year. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Chevrolet Corvette.

Do corvettes hold their value

It comes as no surprise that older-model Corvettes typically hold their value very nicely. The survey looks at retention values of every make and model, from sports cars to trucks to EVs. And the Corvette placed at a very respectable 23rd, holding For one, Chevrolet boasts two other vehicles in the top 25 list, the Camaro and Spark. The Camaro, in particular, does very well, outperforming the Mustang and reaching number 7 with Sports cars in general retain their value nicely over the rest, generally speaking. In fact, it nearly doubled the Cayman at number 2. Certain vehicles appear twice, like the Impreza and , representing different body styles. But in general, the trends favor trucks, hybrids, and sports cars. Out of 1.

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All Chevrolet Models. We've ranked over models from best to worst for Depreciation. Make Model Select Make First. The Corvette was joined by two other Chevrolet in the Top 25 with the Camaro that comes in at number 7 with a The and model years are also attractive years for the Corvette, and provide a relatively good value. It provides bolder front and rear spoilers and a list of performance enhancements, including a sport-tuned suspension, upgraded brakes, and an electronic limited-slip differential. Most models come equipped with the Z51 Performance Package , which buyers can add to any trim level. In comparing this data historically, it found that depreciation was lower across major segments than in Or, if you are just researching, then it would be money-wise to know this cost before buying. All Coupe Models. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Password recovery. MotorBiscuit Contributing Writer.

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The average 5-year depreciation for the Chevrolet Corvette is We've created tools that will also help you to save on the following ownership expenses:. Mark joined MotorBiscuit as an automotive contributor in and has spent more than a decade writing cars. Very Low Depreciation Risk. All Coupe Models. Most models come equipped with the Z51 Performance Package , which buyers can add to any trim level. If you are looking for a domestic muscle car that will maintain its value over the years, the Corvette should definitely be high on the list. My Stingray 2LT has not had that kind of depreciation. The chart below shows the expected depreciation for the next 10 years. Export to CSV. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. While that can be considered pretty darn good, it was the Porsche Coupe that leads the list with only a 9. Cars that have fallen out of favor with buyers depreciate much faster. Out of over popular models, it consistently ranks in the Top 10 in years 5 and 7. It provides bolder front and rear spoilers and a list of performance enhancements, including a sport-tuned suspension, upgraded brakes, and an electronic limited-slip differential.