Become a premium member for just $35/year and get ad-free access!
Douglas Barton·
Auctions
·

CorvSport’s Exclusive Corvette Wholesale Market Report: Special Z06 Edition

CorvSport has all Z06s today, including three C8 Z06s, three C7 Z06s, and one C6 Z06 to round us out! Check out our exclusive dealer-to-dealer auction results!

We’re celebrating the big 3-0 today! Yes, that’s right–CorvSport has been providing our exclusive dealer-to-dealer wholesale auction reports, 30 now, to enthusiasts like you since February 2024, and we have our full archives below today’s report if you want to check out wholesale market trends! [Author’s Note: This wholesale market report is FREE and not behind a paywall. Yes, FREE! If/when any pop-ups occur, please click to make them disappear and continue enjoying the report. One may require two steps–first, the arrow on the left, then the x on the top right.]

Today’s report is dedicated solely to the almighty Z06, and this isn’t the first time the stars have aligned and provided us with enough Z06s to fill one installment (check out our first one here)! One of the first things that stands out from today’s collection of Corvettes is that not a single one shows an accident on the Autocheck history report–that’s pretty impressive for the Z06 that begs to be driven fast. For a refresher, we started in Florida, and over 16 installments, 30% of the Corvettes were hammered off to a new dealer. We felt Florida was underperforming and wanted to heat things up, so we moved to Texas. And the Lone Star State has impressed, with a commendable 63% successful sales ratio.

A Quick Review Of The Process:

In preparation for each installment, I start a list of Corvettes from that week’s runlist that catch my eye. As a retired owner/operator of a used car dealership, I’ll use my 17 years of experience (and industry access) to give you insights into the market. My search is focused on the nation’s largest dealer-only wholesale auction, and all the Corvettes featured are from the Florida market. Corvettes end up at a dealer-only wholesale auction for many reasons, but most are trade-ins that the dealer decided not to retail on their lot. Some may also be repossessions or coming off leases. It’s also common for dealers to dump problem (or slow-selling) units at an auction.

For Fun (and Insights):

Compare the MMR (estimated wholesale value) to the actual hammer price (if sold). It’s also interesting to compare the wholesale purchase price (if it sells) to the Cox Automotive estimated retail value, as this will give you an idea of the margins used-car dealerships are working with.

[4/10/2025 Edition]

Top 7: Wholesale Dealer-Only Auction Activity Report

#7

2009 C6 Z06 Coupe 3LZ

37,648 Miles

Condition Report: 4.6/5.0

Announcements:

Autocheck History Report: 2 owners, 0 accidents

MMR: $39,700

(MMR=estimated wholesale value, based on vehicle, miles, condition, and recent auction sales)

Historical Wholesale Averages

  • Past 30 Days: Not available
  • 6 Months Ago: Not available
  • Last Year: $49,900 (10,833 mi)

Estimated Retail Value: $45,000

(Based on Cox Automotive retail transactions)

Auction Results: Sold for $40,750

(Insights: Who can resist a black Z06 with the chrome factory wheels?!? This was a sharp Vette and bought almost right on the money!)

#6

2015 C7 Z06 Coupe 3LZ

17,185 Miles

Condition Report: 4.6/5.0

Announcements:

Autocheck History Report: 3 owners, 0 accidents

MMR: $61,200

(MMR=estimated wholesale value, based on vehicle, miles, condition, and recent auction sales)

Historical Wholesale Averages

  • Past 30 Days: $57,400 (31,148 average miles)
  • 6 Months Ago: $64,000 (20,990 mi)
  • Last Year: $65,900 (17,942 mi)

Estimated Retail Value: $69,500

(Based on Cox Automotive retail transactions)

Auction Results: Sold for $65,000

(Insights: As you’ll note in the announcements, this Z06 was loaded up, and the hammer price reflects it! I would have loved to have been on the auction block to watch the dealers duke it out for this black beauty!)

#5

2016 C7 Z06 Convertible 2LZ

58,599 Miles

Condition Report: 4.3/5.0

Announcements:

Autocheck History Report: 1 owner, 0 accidents

MMR: $49,000

(MMR=estimated wholesale value, based on vehicle, miles, condition, and recent auction sales)

Historical Wholesale Averages

  • Past 30 Days: $50,300 (58,599 average miles)
  • 6 Months Ago: Not available
  • Last Year: $52,200 (33,392 mi)

Estimated Retail Value: $54,000

(Based on Cox Automotive retail transactions)

Auction Results: Sold for $50,250

(Insights: We are on a roll today, and I’d say that at nearly half the original MSRP, this Z06 was well bought!)

#4

2017 C7 Z06 Coupe 3LZ

40,379 Miles

Condition Report: 5.0/5.0

Announcements:

Autocheck History Report: 3 owners, 0 accidents

MMR: $57,500

(MMR=estimated wholesale value, based on vehicle, miles, condition, and recent auction sales)

Historical Wholesale Averages

  • Past 30 Days: $63,500 (35,691 average miles)
  • 6 Months Ago: $64,300 (20,122 mi)
  • Last Year: $63,400 (44,358 mi)

Estimated Retail Value: $60,900

(Based on Cox Automotive retail transactions)

Auction Results: Sold for $65,500

(Insights: Yes, I double and triple checked that hammer price, and all I can say is, WOW! Oftentimes, when I used to see a price that much over retail, and MMR, the buying dealer wanted the vehicle for himself.)

#3

2023 C8 Z06 Coupe 3LZ

6,536 Miles

Condition Report: 5.0/5.0

Announcements: None

Autocheck History Report: 2 owners, 0 accidents

MMR: $119,000

(MMR=estimated wholesale value, based on vehicle, miles, condition, and recent auction sales)

Historical Wholesale Averages

  • Past 30 Days: $120,000 (4,921 average miles)
  • 6 Months Ago: $115,000 (3,227 mi)
  • Last Year: $162,000 (2,125 mi)

Estimated Retail Value: $123,000

(Based on Cox Automotive retail transactions)

Auction Results: Sold for $115,000

(Insights: Okay, the numbers on this Z06 sale make much more sense, and this beauty was well bought at $4,000 under MMR!)

#2

2024 C8 Z06 Coupe 3LZ

2,382 Miles

Condition Report: 4.5/5.0

Announcements:

Autocheck History Report: 2 owners, 0 accidents

MMR: $120,000

(MMR=estimated wholesale value, based on vehicle, miles, condition, and recent auction sales)

Historical Wholesale Averages

  • Past 30 Days: $115,000 (6,363 average miles)
  • 6 Months Ago: $123,000 (2,726 mi)
  • Last Year: $143,000 (1,402 mi)

Estimated Retail Value: $126,000

(Based on Cox Automotive retail transactions)

Auction Results: NO SALE

(Insights: Dang, we were on a roll and doing so well! This one looked good on paper, well, except for that 4.5 condition report. It’s likely the seller’s reserve was too high.)

#1

2025 C8 Z06 Coupe 3LZ

657 Miles

Condition Report: 5.0/5.0

Announcements: Clean Carfax, GMTV–USA’s #1 Wholesale Distributor

Autocheck History Report: 0 owners, 0 accidents (Yes, Autocheck was showing ZERO owners)

MMR: Not Available (due to limited transaction data)

(MMR=estimated wholesale value, based on vehicle, miles, condition, and recent auction sales)

Historical Wholesale Averages

  • Past 30 Days: Not available
  • 6 Months Ago: Not available
  • Last Year: Not available

Estimated Retail Value: Not Available

(Based on Cox Automotive retail transactions)

Auction Results: NO SALE

(Insights: I’m not too surprised these newer C8 Z06s aren’t selling, as the retail price for a used unit is likely getting closer to newer ones. And as the new Corvette market continues to soften, discounts off MSRP are becoming more common, even on the Z06.)

Summary: Despite the last two C8 Z06s letting us down, this was still an admirable showing from the Z06s, especially the C7Zs! Our last dedicated Z06 edition yielded a 50% sales ratio, so today’s 71% once again illustrates how well Texas is performing for the wholesale Corvette market. Usually, GiveMeTheVin is the top Corvette seller, but today, a new dealer popped up on the over-performance radar, with Texas Auto Value selling 75% of their Z06s. Thanks for joining CorvSport today, and we’ll see you in two weeks!

Sales Ratio Tracker (click date for report archives):

Did any of these wholesale Z06 sales surprise you? Are you CORVETTE OBSESSED like we are? The team of renowned authors and contributors at CorvSport hopes you sense our passion for the iconic Corvette, and our vast database of articles and guides should prove it–5000+ features since Scott Kolecki founded CorvSport over 15 years ago! Join the fastest-growing Corvette community on our Facebook page, with over 171,000 followers (52,000 since January 2023!). Meet other hardcore enthusiasts and say hello. This is Douglas B. signing off–click here if you would like to see more of my features.

*All images and information are credited to Manheim Auction

Tags
Related
Show Comments (0)

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.