Quote:
Originally Posted by CamaroSSStlfan
I know it's usually a silly question to ask about cars holding value or increasing, BUT with the conversion to electric cars is it possible the big V8 muscle cars will hold value or increase in value in about 10 years when they're phased out? I've seen several post on here people thinking they will hold value better.
I've notice the late model Firebird and Trans Am like 1999 thru 2002 getting some decent asking prices still, especially if you're buying from a performance car dealer. I saw a 2002 Camaro SS rag top going for $37,000 at a dealer because it was super low miles.
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First, the current generation of Camaro is generally referred to as Gen6 as "C6" is commonly associated with the sixth generation of Corvette.
Second, no car EVER "holds" its value. Certain vehicles, at 25+ years of age, will begin to see their value increase as a collector car but never at 10 years.
The car you're referring to is A) at a dealer (they are delirious when it comes to prices) and B) may represent a very particular vehicle that some people may be in search of. They are trying to push the issue of "super low miles" as justification for a ridiculous asking price. It is, however, by no means a collector car.
Do a search on a site like AutoTrader and you'll find that about $15k seems to be roughly the right price area for those cars.
So, the short answer is 100% no.