This is a new, unique CorvSport series, where we analyze the Corvette wholesale market on a bi-monthly basis in an attempt to help our faithful readers gain negotiating leverage while shopping. While not an exhaustive list, each episode will give insights into market trends for the Corvette shopper and curious enthusiasts who like to follow the market. Our analysis will also include historical wholesale averages, along with estimated retail values.
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 a common practice for dealers to dump problem units at an auction.
[2/29/2024 Edition] Top 10: Corvette Auction Activity Report
#10
2012 C6 Grand Sport Convertible 3LT
27,830 Miles
Condition Report: 4.8/5.0
Announcements: Possible frame damage
Autocheck History Report: 5 owners, 1 accident
MMR: Not Available (due to limited transaction data)
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $22,500 (54,456 average miles)
- 6 Months Ago: $32,000 (27,811)
- Last Year: $36,800 (44,624)
Estimated Retail Value: Not Available
(Based on Cox Automotive retail transactions)
Auction Results: NO SALE
(Insights: Most likely, the frame announcement and accident turned off bidders)
#9
2014 C7 Stingray Convertible 1LT
30,807 Miles
Condition Report: 2.6/5.0
Announcements: None
Autocheck History Report: 3 owners, 1 accident
MMR: $32,100
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $31,800 (42,453 average miles)
- 6 Months Ago: $40,800 (15,709)
- Last Year: $43,900 (19,832)
Estimated Retail Value: $36,600
(Based on Cox Automotive retail transactions)
Auction Results: Sold for $31,500
(Insights: A decent buy, right in line with the MMR)
#8
2015 C7 Stingray Z51 Convertible 3LT
115,444 Miles
Condition Report: 1.3/5.0
Announcements: As-is, miles over (100k)
Autocheck History Report: 1 owner, 2 accidents
MMR: $27,000
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $44,800 (16,828 average miles)
- 6 Months Ago: Not available
- Last Year: $45,900 (32,894)
Estimated Retail Value: $30,900
(Based on Cox Automotive retail transactions)
Auction Results: NO SALE
(Insights: Most likely, the condition report and high miles turned off bidders)
#7
2015 C7 Stingray Z51 Coupe 1LT
28,113 Miles
Condition Report: 4.1/5.0
Announcements: None
Autocheck History Report: 5 owners, 2 accidents
MMR: $38,500
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: Not available
- 6 Months Ago: $42,900 (22,085)
- Last Year: Not available
Estimated Retail Value: $41,800
(Based on Cox Automotive retail transactions)
Auction Results: NO SALE
(Insights: Most likely, the high number of owners and multiple accidents turned off bidders)
#6
2016 C7 Z06 Coupe 3LZ
127,828 Miles
Condition Report: 2.0/5.0
Announcements: No cats, insurance repo, title under insurance company
Autocheck History Report: 2 owners, 0 accidents
MMR: $36,700
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $63,500 (22,602 average miles)
- 6 Months Ago: $59,900 (31,088)
- Last Year: $66,100 (22,943)
Estimated Retail Value: $38,900
(Based on Cox Automotive retail transactions)
Auction Results: NO SALE
(Insights: Most likely, the repossession history and condition report turned off bidders)
#5
2017 C7 Stingray Coupe 1LT
13,892 Miles
Condition Report: 3.9/5.0
Announcements: 3rd party seller, theft recovery insurance loss, clean title no damage
Autocheck History Report: 4 owners, 0 accidents
MMR: $38,900
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $34,900 (48,328 average miles)
- 6 Months Ago: $43,200 (31,553)
- Last Year: $42,000 (29,295)
Estimated Retail Value: $44,700
(Based on Cox Automotive retail transactions)
Auction Results: NO SALE
(Insights: Most likely, the announcements and number of owners turned off bidders)
#4
2019 C7 Grand Sport Coupe 1LT
48,382 Miles
Condition Report: 2.6/5.0
Announcements: None
Autocheck History Report: 2 owners, 2 accidents
MMR: $39,300
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $51,100 (27,886 average miles)
- 6 Months Ago: $58,500 (8,583)
- Last Year: $44,800 (67,901)
Estimated Retail Value: $42,300
(Based on Cox Automotive retail transactions)
Auction Results: NO SALE
(Insights: Most likely, the condition report and accidents turned off bidders)
#3
2019 C7 Grand Sport Coupe 2LT
33,905 Miles
Condition Report: 4.6/5.0
Announcements: None
Autocheck History Report: 4 owners, 1 accident
MMR: $50,200
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $57,200 (15,206 average miles)
- 6 Months Ago: $63,100 (7,651)
- Last Year: $60,000 (23,750)
Estimated Retail Value: $55,100
(Based on Cox Automotive retail transactions)
Auction Results: Sold for $50,250
(Insights: Right on the money at MMR, owner and accident history did not scare away bidders)
#2
2020 C8 Stingray Coupe 3LT
9,746 Miles
Condition Report: 2.7/5.0
Announcements: None
Autocheck History Report: 1 owner, 1 accident
MMR: $57,200
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $66,700 (18,864 average miles)
- 6 Months Ago: $78,100 (9,207)
- Last Year: $81,000 (7,202)
Estimated Retail Value: $61,700
(Based on Cox Automotive retail transactions)
Auction Results: NO SALE
(Insights: Most likely, the condition report and accident turned off bidders)
#1
2023 C8 Stingray Coupe 1LT
6,018 Miles
Condition Report: 4.8/5.0
Announcements: Z51 performance package, only has 6K miles
Autocheck History Report: 1 owner, 0 accidents
MMR: $69,000
(MMR=historical estimated wholesale value, based on vehicle, miles, and condition)
Historical Wholesale Averages
- Past 30 Days: $68,300 (3,079 average miles)
- 6 Months Ago: $75,100 (2,267)
- Last Year: $77,200 (908)
Estimated Retail Value: $71,800
(Based on Cox Automotive retail transactions)
Auction Results: Sold for $68,750
(Insights: Again, right on the money. A nice unit that was bound to hammer!)
Summary: The low 30% sales ratio could indicate the used Corvette market is continuing to cool off. That being said, all the no-sales have logical reasons why no dealer was willing to take them home. If you want to keep up to date with all the fresh Corvette news and maintain a pulse on the lifestyle and culture of this exciting, iconic brand, CorvSport has the fastest-growing Corvette community on our Facebook page, with over 173,000 followers (54,000 since January 2023!). Come join other hardcore enthusiasts and say hello, Douglas B.
*All images and information credited to Manheim Auction
