C7 Corvette ZR1s Command High Prices
Read the full story on The Auto Wire
Even though the C7 Corvette ZR1s came out for the 2019 model year, with the C8 ZR1 about to launch the older cars are still commanding high prices. That might be surprising considering they're old news and conventional wisdom states the previous generation of a vehicle diminishes in value when the next one debuts, but ZR1s are anything but typical.Just a quick search on Facebook Marketplace pulls up for us quite a few healthily priced 2019 Corvette ZR1 listings. One out of Carefree, Arizona has just 16,000 miles and is listed for $149,900. Another in Phoenix with 12,000 miles has a price at $168,000.
It's more of the same on eBay, with one sitting just below 17,000 miles listed at $129,900. A convertible 3ZR with the ZTK Track Package and just over 5,000 miles sits at $179,800.
Where you find the really cherry C7 ZR1 cars is on Bring A Trailer. One auctioned off on January 9 for $270,000. It had just 821 miles on the clock, plus was a 3ZR with the ZTK option. But that's no a fluke, with a convertible 3ZR with the ZTK package and 2,700 miles selling on February 13 for $252,000. That's some serious cash.
Keep in mind MSRP for the 2019 Chevrolet Corvette ZR1 Coupe was $122,095. Yes, some dealers charged a premium for what's arguably a front-engined supercar, but it's amazing to see where prices are now.
Even after all these years and with a new ZR1 coming out, the C7s have held their value remarkably well. That's likely thanks in part to the range-topping version of America's sports car being produced for a single model year, with total units capped at a mere 2,953. After all, scarcity breeds value.
That's almost half the number of C6 ZR1s and well under half of the C5 ZR1s made.
Image via Gary C. Hekcler/Facebook Marketplace
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