Corvette Market is Plummeting: What You Need to Know 

I have a long memory for those dealers that wanted to sell me a Stingray for $15-25k over MSRP. I’ll never go back.

Corvette market is just going back to what it's supposed to be. A mass market car that regular people can actually afford.

The consumer is having a tough time with out of control inflation, and HIGH interest rates on homes and cars. Groceries? up 30%+ since COVID? And vehicle manufacturers have raised their MSRP's 35%+ since COVID? People are sick of it. Guarding their wallets.

The z06 and c8 will continue to drop. Under msrp. The economy and interest rates are bad. Over 150k corvettes made.

The market is not crashing. It's returning to normal.

Tried buying a ‘24 Corvette Stingray base, the mark up was so crazy they wanted $90k out the door here in Killeen, TX so I walked out the door laughing, not today!

Dropping new car prices will eventually lead to dropping used car prices. good news.

well that was a waste of time typical dealer mumbo jumbo

A Corvette owner of 2 saying the ERay is a trash car is a big statement. I hope GM is listening.

Lets go 35 000 dollar c8 inominh!!

I have been hearing about the “sky is falling” for 3 years…interest rates while higher are well within the historical norm, people just got use to artificially cheap money. Employment remains strong. Stock market sitting right around 40,000. Federal yearly deficit has been slashed by over half since 2020. Small business applications are up at record levels. Supply chains have recovered. Housing values holding firm. Reality is that the economy has changed post COVID. Boomers retired. Young workers went mobile. Gig economy replacing traditional employment. Era of cheap liquidity post 2008 financial crisis has gone away….all in all, the US economy has weathered pretty well, and much better than in other countries.

Good! As a C7 owner, I’m sick of the excessive markups and the arrogance of the automotive dealers and parent companies. There is no reason for a consumer to still be paying over $130k for a 2LT Stingray and over $250k for a ZO6. I understand the economics of supply and demand, but the price gouging is ridiculous! And to think, the government bailed GM out from collapsing. Then turn around and bend the consumer over!

I got rid of my 21 c8 HTC 2LT torch red For $77k back in October. PAID OVER!! Now this pass January I bought a 24 c8 coupe 1LT Z51 + Magride riptide blue at MSRP!! No adm and no markup!! Now in my local area they are discounted anywhere from $1,500 - $ 5,500 depending on the trim. SO YES THE MARKET IS SHIFTING as people are not buying toys lol. Economy is definitely very unstable right now. Here in Phoenix Traxs are stock piling as well. Cheap car are not selling. 😮 sign of the times man. The Honeymoon is over in the car bizz lol.

I just paid 1K under sticker for a brand new Z06

Is it really collapsing if the market is just correcting to where it should have been?

Its market saturation, demand was met in 2023 and there’s not enough owners ready to dump their cars for a new one yet. If you look back at every corvette generation it was the same thing a drop in sales after 4 years.

As long as that pushes down 2010-2013 C6 prices I'm all for it.

Chevy makes too many Corvette per year, they flood the market which hurts the price.

Got $10.5k off the hood of a brand new C8. Basically the same price used. Used market has a WAYS to go and the new market is plummeting FAST!

I was talking to Ciocca, which is a huge Vette dealer in New Jersey and they have many 2023 zero6s that were bought back to avoid lemon titleS Since there’s a lot of complaints about this first year, C8 Z06 from the customers. My advice would be to avoid the 06 for at least one more year and just go with the C8 LT three add Wheel Spacers make sure you get the high spoiler the large front you also should get a dark color since lighter color exasperate the odd looking side vents on the C8 06 looks great and some of the lighter colors since the vents are a bit different and the widebody kit reduces the oversize look of the vents

This guy is all over the place. Non stop commercial

Just bought a new Acura MDX types yesterday and got $10k off MSRP

Sold my 1LT 3wks ago for msrp(what i paid) after owning it for 10 months and putting 8400 miles on it, the dealership sold it for $10k over msrp in like a week so there's a fool born every minute I guess 😂

Thanks Chevy-Dude for sharing "Bling sauce" with us. I just ordered some to help with the black plastic bits on our Jeep Wrangler!!

We all knew this day was coming.......

I learned a long time ago to just wait. In1990 dealership was asking a 100k for a zr1 just waiting till the end of the year for a c8 .

At my store there are 6 C8s 1 a Z06 on the floor looks like the hip is over

I had a 2017 Stingray 2LT and my wife had a 2019 1LT. We sold hers in 2021 for 5 grand more than she paid for it new and mine in 2022 for about 7 grand less than I paid for it new 5 1/2 years prior. Dealerships were asking 50 grand over sticker for a new C8 in 2022 - which drove up values on C7s. We sold both of ours because we moved overseas and couldn't bring them. Both the car market and the real estate market are due for a serious correction.

It's ablut time the car market is starting to go down and means since new cars are going down that means used cars should come way down soon too. Thanks for the video mike I enjoyed it and loved it alot and keep up the great work much love to ya brother have a good one take care god bless and I will see ya on the next one

In February I feel I got a steal on a 2020 C8 w/Z51, Mag Ride, 3LT even at a higher mileage at 21k miles, I got it for $66k

Chevrolet depreciation is insane, it has to be the worst. Just got a silverado zr2 for 70k out the door and I'm still upside down 15k

Great Video! How does the Bling Sauce look after the first rain on it? There are tons of products that look good right after application, it rains and ALL your work (and $$$) is gone! I have a 2001 F150 with the same issue as the Avalanche on the trim. It is mechanically perfect with 188,000 miles on it, but now it is time for new paint and I have to do something with the trim as well!

With what's coming with the economy I'd be unloading expensive toys, not adding to them.

The base model 1LT, 2LT can be had for 5-7k below invoice right now, don’t let the dealer rip you off, you don’t want any add ons and no $995 dealer fee.

Is not just the Corvettes on 4/30 I purchase a new 2023 Dodge Challenger SRT Hellcat Jailbreak Last Call for $68K {$75K OTD} and the MSRP was $82K before add-on's, fees and taxes.

Luxary always collapses first. 90% of Corvette buyers have no business owning a 100K car but when they could finance at 0.9% for 84 months they could "afford" it.

Here in Ontario, Canada, Toyota Corollas and Camrys are selling at $5,000 (or more) over MSRP, and that I when you place an order for one and have to wait 12 to 24 months for it to be delivered. For nearly-new used models, you can pay anywhere from $10,000 to $15,000 over MSRP.

The entire car market is crashing lol, if you like reliability, don't buy a Volvo.

Props to your wife for acknowledging that you won't like something that doesn't have power instead of saying "why do you need that?" Although when I was in the market for a truck a long time ago, there was a Ford that was a really good price and my wife reminded me that I would soon hate it because it is a Ford... and I realized she was right and didn't get it.

Getting discounts on new Corvettes are hard to come by here in California. Two people I know bought new Vettes from dealers on the East Coast and had them shipped back here because the discounts were so deep. It was still worth to pay the shipping across the country.

$10000.00 discount means car is over priced in the first place.

If you don't work for the dealership, anymore, how do you get employee discounts?

Good save on picking up that bottle off the hood/paint.

I was making a funny. Ha Ha. Good to see. I was getting my camry serviced at lowes Toyota. They are not selling(cars n trucks) right now. Only used selling. The people coming in cant get a loan. I would like to buy a c8 in near future but i want a deal

This happens with every single generation of new Corvettes. They sell above sticker the first couple years and give them away the next few years until the next one comes out. The price remain high for the C8 a little longer then usual because of the lock-down.

Great news. Sick of these people reselling these vettes for more than new

I would die drooling for a Cacti Green... that color is just sick sick sick

There's nothing wrong with the corvette market. stingray price drop is expected now that people are trading up for the Z06 & E ray. The Z06 price is just coming back to earth from Mars LOL dealers wanted 230k for a 1LZ Z06 when you could build one straight from GM for 112k

Been selling sports cars for three decades and the Z06 has gotten out of hand with the price disparity. You’re just not getting that much more over the stingray with this model. I’ve owed 17 over the last two decades and wouldn’t buy the current one when the C8 is so much more reasonable with a time proven engine that relatively inexpensive.

Chevy dude why you don't like the Eray because I was thinking about a Eray because they are so fast you can put a slick on it and go 10:00s and the Zr1 will have the electric motors two

I've always used "Back To Black" on black trim.

Time to buy one

Please tell me how the transmission issues are going? Is Chevy put out a recall? C06 MSRP $110,000. Good luck.

A truck is nice to have. I've been looking for a work truck. Trucks are nuts now. The market on that will go down too. Has already since December. Too many $100k leather seat city trucks are sitting on dealer lots.

Love to see it.

The C7Z’s got up too $15,000+ under MSRP if my memory serves me right. The C8’s will do the same, if not even more.

The whole car market is droping like a rock 😮

Funny, coincidently I was searching corvette this morning for lease deals and Ciocca was among the results

My local dealer has a 2024 Rapid Blue 3LT listed for $93k. It's been there since October. 8 months no sale. They park it our front on sunny days and store it away at closing time. Every day for 240 days. I am guessing they aren't making any deals with people.

Nice Bling Sause Ad

The corvette I made brand new was $78k msrp. I don’t think that’s that bad. And that’s for the 2LT convertible orange one. Am I missing something?

I've seen so many new Vettes on used car lots.

I'm looking to buy a 2014 Stingray Z51 3LT. When would be a good time to buy that model for a great deal?

Relax dude! I just picked up a new 23! Maybe it’s time to pick up that elevated Z51 package!

Can wait to buy some used c8s in the future a few years from now for high 40s and low 50s

Bro really works at a chevy dealer and said that the 3ray has no purpose or its pointless, brother the eray is meant to the equivilant of a grandsport corvette, it has the same body style as a z06 but without the z06 motor but this time it has way more hp than a regular c8 and it beats a c8 z06 in the quarter mile.

Just started looking for one. Was is the realistic bottom price for one now used or new?

I haven’t bought a sports car in 35 years, I ❤️ love the Lexus LC 500 and think 💭 about it all the time, but to actually buy I’m looking for a Mint Hummer and Excursion

Trim sauce.. looks great…. But for how long. After it rains, a car wash, etc.

Corvette mkt? You mean whole chevy/gm market is falling almost as fast as stellantis

I sold my c8 z06 2 months ago and got what i paid for it lol. I saw it coming

Ur video says never buy over MSRP . Is that for used or can u do it on new vetted that u order.

Just picked up a ‘24 Z06 with Z07 at $3500 below msrp yesterday.

Two things: 1. I called 3 dealers advertising ZO6 at MSRP. Ad was 24 hours old. All 3 said "Oh, that car is sold". Typical car dealer bs. 2) Your headline is misleading $50K off. Click bait - shameful. And you wonder why car dealers get a bad reputation.

I have a 2014 so I’m very interested in this.

I sold my vette & bought a 2023 Camaro 1ss . My favorite car I ever owned.

Glad I couldn't afford a new Corvette, and bought a C7 for a great price. Prices are still insane on new vehicles!

I'd like to get your thoughts and anyone's on this subject. My local Palm Springs, California dealer wanted anywhere from $20K-$30K over for a C8 LT1,2,3 coupe in 2023. I ordered a 2024 from a Big 3 Corvette East Coast dealership who sold at MSRP and did a courtesy delivery for $500 bucks. It was an easy transaction. I typically buy 1 new car a year. My feeling is that I will NEVER do business (buy) from these guys again. Is this wrong? Am I too ignorant?

What’s the MSRP for a 2018 Ford Raptor?

Ciocca is pronounced SEEOOCAH. If you live anywhere near the Mid Atlantic region, I highly recommend you stop by and see their store in Atlantic City NJ. It's the old FC Kerbeck dealership. There is a sea of Vettes there!!!

So December is the time to buy a used Vette??

What is MSRP for a 2024 3LT with Mag Ride???

2024 Z06 3LZ in orange for sale in my city for $190K which includes $40K in 'uplifts' 5.5L / auto. NEW VEHICLE PRICES PLUS $1,946 IN VALUE PROTECTION DEALER ADDS (TINT W/LIFETIME WARRANTY, DOOR EDGE GUARDS, RESISTALL CERAMIC INSIDE & OUT, AND THEFT). New vehicles may have addendum due to market conditions and vehicle scarcity.

1st x viewer new subscriber. Thanks for your video.

Chevy Dude how come you don’t have any new videos on your Mikes Car Store channel here on RU-vid.

I just bought my first Corvette an 01 convertible (lite pewter) 56k 😊 now I have the fever 😂

If you ask those jokers on facebook that paid over for them they say “it’s only money I get to enjoy the car now” yeah a whole year was worth spending $50-150k over? 😂

I could never understand why anyone would pay the amount of money for cars in America that they do. Why? Stop throwing your money away there are real cars out there that are actually worth the money....

Kinda funny to hear one of my local dealer name's being mentioned. Whitmoyer.

Getting my Z06 in July. $175k sticker. Glad I didn’t pay $230K 16 months ago

I was able to get my GR Corolla at MSRP a couple days ago. I know my car is a hamster on a wheel compared to your Corvettes but these things were marked up to the moon when they first came out.

You def have all the signs of a car salesman. Good talker. Great body language. Waving hands. Yep. Car salesman

Like others have mentioned, newer versions of vehicles are being sold under msrp….I believe vettes aren’t the only ones

Does this mean you could get a base price corvertte at 70k? Or is that still impossible?

CE--O--CA is how it's pronounced. Les Stanford in Dearborn Mi. is offering Corvettes at employee pricing.

I’m fairly certain it’s “crashing” because people are trying to offload their cars so they can get the ZR-1 when it drops.

Ciocca is pronounced "SEE-OH-KUH"

I just saw a truck load of brand new vettes heading to the dealership.

Wait this sauce works on the Avy 😮😮😮 I’m getting some tomorrow

I wish Mark the best of luck, he’s a super star. North Carolinians need to elect this fine gentleman. We in Virginia are lucky we have Youngkin and Sears, who I’m guessing will be our next governor