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.

Our depreciation calculator will predict an expected resale value for the Chevrolet Corvette. Export to CSV. It displaces 6.

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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.

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.

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Overall, the average 5-year depreciation for all used cars is The longer you own it, the better it does in holding its value versus the competition. Try our Competitive Quote Tool or the form below to get free quotes. Very Low Depreciation Risk. You can see all the charts in this study at iSeeCars. The Corvette was joined by two other Chevrolet in the Top 25 with the Camaro that comes in at number 7 with a Finding a car or truck that saves on depreciation costs is important. These results are for vehicles in good condition, averaging 12, miles per year. Most models come equipped with the Z51 Performance Package , which buyers can add to any trim level. 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. Out of over popular models, it consistently ranks in the Top 10 in years 5 and 7. However, not all vehicles depreciate at the same rate or lose as much of their value.

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New cars start depreciating before the ink dries on the sales contract and lose up to half their value in the first two years. While that can be considered pretty darn good, it was the Porsche Coupe that leads the list with only a 9. Here's what you need to know about the Chevy Corvette's excellent resale value, including the reasons why it doesn't depreciate as much as most other cars. Very Low Depreciation Risk. All Coupe Models. 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. In addition to the fantastic naturally aspirated V8 engine, three other benefits make the Corvette easy to live with. Password recovery. The Corvette has always been a bargain sports car that usually comes with some rough edges. Export to CSV. In comparing this data historically, it found that depreciation was lower across major segments than in Get help. Hybrids have a nearly 12 percentage point advantage over EVs in value retention, which translates to thousands of dollars in higher market value after five years. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums.