Why Classic Corvettes are Still a Great Investment

Corvette buyers

What’s more American than a classic Corvette? The sleek vehicle is an icon of American chic and classic Corvette dealers are much in demand for their beautiful and powerful wares. Classic Corvettes often fetch incredible prices. In 2014, for example, a price tag of $3.85 million was reached for a classic 1967 Chevrolet Corvette L88. If you are thinking, “I should sell my Corvette”, remember that not every one of these lovely cars is worth almost $4 million.

The L88 that fetched that sum was one of only 20 1967 Chevy Corvette L88s produced. Rarity drastically increases price. There was only one red one — imagine the price tag on that! In total, more than 1.5 million Corvettes have been made since the company started on 30 June 1953; the 500,000 mark was reached in 1977 and the million mark in 1992, with Chevy surpassing 1.5 million in 2009. If you want to sell your corvette, consider what kind you have. The best-selling Corvette of all time is the 1979 C3 Corvette, which sold over 58,000 units in it first year, a record breaking number for Corvette.

Corvette’s iconic look has made it a Hollywood winner and it has been featured in a number of films. Classic Corvette buyers often love a movie connection, so if your car is a movie star look-a-like you could get a much better price for it. Real movie ties, of course, mean an even hire selling price.

It is not only Corvette’s stunning looks that make it a classic treasure. Its performance is also much sought after. Corvette Racing has won over 90 races around the world, mostly in North America, with almost 60 first or second place finishes. The team have also won seven 24 Hours of Le Mans class, nine ALMS drivers championships, and 10 ALMS team championships. The fastest 0-60 time in all of Corvette history was 2.8 seconds. The car was a 1968 LT-2, with a prototype ?70 engine. In a test by Motor Trend, it made 1/4 mile in 10.86 seconds at 124.64 miles per hour.

Having made its debut at the GM Motorama at the Waldorf Astoria in New York City in 1953, the original Corvette had a 6 cylinder “Blue-Flame” engine that produced 150 hp mated to a two-speed Powerglide automatic transmission. In the vein of another famous car manufacturer, the original Corvettes produced in 1953, where all Polo White offset with a stunning red interior. Those first Corvettes sold for $3,498. Over 50 years later, one of them sold for over $1 million. Now that’s a mark up. Have no fear, though. If you are on the look out for your own Corvette, classic Corvette dealers have bargains too. Classic Corvette dealers can also offer advice on selling your Corvette or ensuring that your investment appreciates in value.

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