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Corvette C8 Prices Fell Off A Cliff (again) | Bottom in sight?
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- Опубліковано 17 сер 2024
- Corvette C8 prices continue to plummet. Convertibles from 2021 lost for example more than $40,000 since their market top. But their are signs that the worst depreciation rates are behind us.
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C8 stingray prices are approximately 27% below their market top, and yet again, fell off a cliff as we headed into the winter. This means that stingrays are 11.4% cheaper than one year ago. Z06s prices are 27.4% cheaper than nine months ago and are still falling rapidly.
We saw that the depreciation rate is still high compared to other cars, but that it no longer sits in the 25% of cars that lost the most. Last year’s depreciation was then also slightly lower that the preceding year. Moreover, we saw that cars are selling slightly quicker than last year and that unsold inventory is discounted less.
These are all signs the worst drop is likely to be behind us and that is likely that we will start to see marginal decreases in the depreciation rates.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision.