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Old 02-18-2024, 02:52 PM   #29
Z OH 6


 
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Quote:
Originally Posted by Camfab View Post
The answer to your question IMHO, is that yes there is a very good chance it will do well in the future. The exact timing of that is difficult to predict.
Look no further than the Viper ACR as a gauge. Same engine as base Viper, but track ready from the Factory. Current values over double that of a base Viper.
Collectors are ultimately fickle and you really can’t guarantee anything, but the current Garage 56 prices prove that collectors are eyeing these cars now. The opinions of longtime Camaro owners clearly don’t drive the collector car market.
Viper ACRs are FAR more rare than the ZL1 1LE. That's why it's maintaining its value.
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Old 02-18-2024, 08:46 PM   #30
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Originally Posted by Z OH 6 View Post
Viper ACRs are FAR more rare than the ZL1 1LE. That's why it's maintaining its value.
You are correct, except Vipers are extremely rare to begin with. As it turns out it wasn’t the Viper faithful that drove up the values. It was outsiders who had never considered the car. What we are experiencing in values isn’t a product of the Camaro community, rather an awakening.
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Old 02-19-2024, 07:18 AM   #31
hawk02
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Originally Posted by Z OH 6 View Post
Agreed, the C8 Z06 with LT6 will be collectable one day perhaps depending on how many they make will ultimately determine how much it goes up in value but if we're truly at the end of high power NA engines, then the LT6 has a good chance of becoming collectable one day. The base C8 Stingray, not so much.
According to the official Chevy production stats for 2023, there were 6413 Z06s produced. This was 12% of the total 53,785 Corvettes built during the model year. Not what I would call a small number for the first year of production.
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Old 02-19-2024, 07:43 AM   #32
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Originally Posted by hawk02 View Post
According to the official Chevy production stats for 2023, there were 6413 Z06s produced. This was 12% of the total 53,785 Corvettes built during the model year. Not what I would call a small number for the first year of production.
Correct which is why I said production volume will affect the amount of appreciation. The Z06 will only be collectable if no more high power NA engines are produced. Since the LT6 is the highest HP NA aspirated engine in the world, it will always have that badge...UNLESS something else comes later and surpasses it at which point, the collectability will be lost.
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Old 02-19-2024, 07:50 AM   #33
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Originally Posted by hawk02 View Post
I completely agree. It’s the engine and production numbers that have the greatest impact on long-term valuation.

A car with suspension and aero upgrades but still shares the same engine that’s in other GM models (Corvette, Cadillac, and Camaro) is not going to see the same level of value as a car that has an engine unique to itself.

If I were looking at a modern-day GM car as a long-term investment, It would be a C6 or C7 ZR1.
I don’t completely agree with this statement. Case in point: 1963 Corvette coupe (all were split window so they are all desirable). The least desirable would be with the common 327 (non hi po) V8. As the tune on the engine goes up, so does the value (327 375hp FI being the most). But that isn’t the most important option to have on a ‘63; it’s having the Z06 option with the big gas tank and big brakes and other heavy duty track options. So, yes, special non engine high performance options can sometimes increase the value a LOT on certain cars (basically describing what the 1LE option is for the ZL1 Camaro).

Of course, low mileage and perfect condition have a MASSIVE impact on the value. Along with this is going to be having a 6mt (instead of the 10auto) which will make it more desirable, and finally low volume special colors, especially if they were only available for one year. Combine all those factors into one car and it’ll appreciate over the years (but as was said, we are talking lots of years, not next year or the year after).
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Old 02-19-2024, 10:11 AM   #34
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It's a thought provokng question. I think the Gen 5 Z/28 has all the ingredients for future upside potential for many of the reasons discussed here. How it relates to the ZLE remains to be seen as they are currentely a hot product much in demand. They made three times the ZLE's ,over a much longer production run, and the LT4 was shared with other platforms. The Z/28 tanked when released alongside the ZO6,many sat on dealer lot's for up 2-3 years till they all sold. They were not in demand for at least 2-3 years after production, and then saw an uptick and have settled in to a range where choice low mile examples are barely touching original window sticker ten years after release. It's a crapshoot if you are trying to play the appreciation game, look at what those two garage 56 cars are bringing on BAT. Like previously stated color, options, mileage always contribute.
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