How the remarkable eighth-generation Z06 elevated the Corvette brand is undeniable, highlighted by GM’s first flat-plane-crank V8. Most enthusiasts have the numbers imprinted in their brains by now, and in light of the C8 ZR1’s 1,064 horses, it’s easy for us to forget what the C8 Z06’s high-revving 670 horsepower LT6 did for the iconic Z06 variant. It literally catapulted the Z06 into supercar territory, performance-wise, while the price stayed within reach of most enthusiasts. Well, until the dealer markups entered the picture, but we’ll save that grievance for later. [Author’s Note: This article is FREE and not behind a paywall. If/when any popups occur, please click to make them disappear and continue enjoying the article. One requires two steps–first, the arrow on the left, then the x on the top right.]
For this market analysis, we will examine 2023 Z06s only, as we wanted “aged” units that have the longest time in the market. Our methodology for the 2023 Z06 market values is straightforward. We believe “comps” (i.e., previous sales) are the best measure of market value at any given time, so we will use the top auction platforms—Mecum and Bring a Trailer — to gather our market snapshots. If you’re interested in 70th Anniversary C8 Z06 values, check out our exclusive Anniversary Edition market report here.
What’s Inside This “State of the Market” Edition:
- Starting Point: Some Sample Monroney Labels
- The Wholesale Market: Recent Dealer-to-Dealer Transactions
- Lowest Sales Prices
- Highest Sales Prices
- Sales Snapshot From Bring a Trailer
- Sales Snapshot From Mecum
- 2023 Corvette Z06 Market Trend Summary
Now, without further ado…
State of the Market: 2023 Corvette Z06 Values
1) Starting Point: Some Sample Monroney Labels
- 2023 Standard Vehicle Price, 1LZ Coupe: $105,000
- Notable Option: Carbon Ceramic Brakes, $8,495
- Total Vehicle Price: $128,250
- 2023 Standard Vehicle Price, 3LZ Coupe: $118,850
- Notable Option: Z06 Ultimate Performance Package, $8,995
- Total Vehicle Price: $149,105
- 2023 Standard Vehicle Price, 3LZ Convertible: $125,850
- Notable Option: Carbon Fiber Aero-Visible, $10,495
- Total Vehicle Price: $163,770
2) The Wholesale Market: Recent Dealer-to-Dealer Transactions
As a retired owner/operator of a used car dealership, I have access to wholesale data from the largest dealer-only auction in the country. These are actual dealer-to-dealer transactions and not retail or end-consumer sales. If you want to stay in touch with the Corvette wholesale market and view dealer-to-dealer transactions on a bi-monthly basis, check out our exclusive reports here.
♦ 2023 Z06 3LZ Coupe
- Top auction sale: $131,000
- Lowest auction sale: $114,000
♦ 2023 Z06 3LZ Convertible
- Top auction sale: $129,000
- Lowest auction sale: $110,000
3) Lowest Sales Prices
For these comps, we did an extensive search on Mecum and Bring a Trailer, the two leading platforms for collector-grade vehicles. For this section, we only looked at sales from June 2024 to the present.
Cheapest 2023 Z06 on Bring a Trailer (with 43 auctions in their database since June 2024):
- Sales Price: $90,500
- Date: 10/29/2024
- Miles: 932
- Trim: 1LZ Coupe
- Direct Link For More Info and Pictures
Cheapest 2023 Z06 on Mecum (with 31 total listings in their database):
- Sales Price: $121,000
- Date: 1/18/2025
- Miles: 15
- Trim: 1LZ Coupe
- Direct Link For More Info and Pictures
4) Highest Sales Prices
Most Expensive on Bring a Trailer (still with 43 auctions in their database since June 2024):
- Sales Price: $159,000
- Date: 8/5/2024
- Miles: 916
- Trim: 3LZ Z07 Convertible
- Direct Link For More Info and Pictures
Most Expensive on Mecum (still with 31 total listings in their database):
- Sales Price: $200,750
- Date: 7/27/2024
- Miles: 14
- Trim: 3LZ Convertible
- Direct Link For More Info and Pictures
5) Quadruple 2024 Sales Snapshot From Bring a Trailer: 1LZ Trim
- [10/29/2024] $90,500
- [2/20/2024] $118,000
- [2/13/2024] $131,000
- [2/12/2024] Bid to $130,000 (no sale)
6) 2024 Sales Snapshot From Mecum: 3LZ Trim
- [10/05/2024] $143,000
- [9/04/2024] $156,200
- [7/27/2024] $200,750
7) 2023 Corvette Z06 Market Trend Summary
- [2/13/2024] $131,000
- [2/20/2024] $118,000
- [7/27/2024] $200,750
- [8/05/2024] $159,000
- [9/04/2024] $156,200
- [10/05/2024] $143,000
- [10/29/2024] $90,500
- [1/18/2025] $121,000
Did you see any surprises in our 2023 Z06 market analysis? 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 172,000 followers (53,000 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.
