Homepage Garage Wiki Register Community Calendar Today's Posts Search
#Camaro6
Go Back   CAMARO6 > CAMARO6.com General Forums > 2016+ Camaro: 6th Gen Camaro general forum


Bigwormgraphix


Post Reply
 
Thread Tools
Old 11-12-2021, 07:40 PM   #15
MR's 2SS
 
Drives: 2020 2SS Vert/M6/F250 SD
Join Date: Jan 2021
Location: Jersey
Posts: 379
One thing I dont see anyone mentioning is that the buttheads in DC have been expanding the money supply for years now. With some really insane printing numbers in the last year and a half.
Not just fuel has gone up but real obvious inflation like we have not seen really since the early 80s is a reality.
So you need to factor that in when you consider selling. Not just the dollar for dollar comparison.
Without the typical smoke and mirrors inflationary mumbo jumbo we have likely seen somewhere in the 8% to 10% inflation rate. Particularly since they seem to be admitting to something like 5%.
We paid 47,000 for our 2019 2ss vert on a 53,000 sticker in Jan. of 2020.
Its good to know its holding its value but I doubt we could find anything remotely as satisfying for the same money now.
Although selling it and replacing it with gold and lead might not be a bad idea.
__________________
MR's 2SS is offline   Reply With Quote
Old 11-12-2021, 09:23 PM   #16
ihada69L78
 
ihada69L78's Avatar
 
Drives: 2023 Silverado LTZ, 2022 Camaro 2SS
Join Date: Jul 2010
Location: Arkansas
Posts: 322
I sold my 2019 2SS and 2020 ZL1 in August.
SS was 34 months old with 11,000 miles. Sold it to a dealer for a $210.00 less than I paid for it.
ZL1 was 23 months old with 5,500 miles. Sold it to the same dealer for $800.00 less than I paid for it. I will lose about $1200 in sales tax.
I ordered a 2022 SS. I may have to wait awhile to get it but I have a Silverado to drive in the meantime.
__________________

Currenent rides:
2020 SW ZL1 A10
2019 SW 2SS A10
2017 SW Silverado LTZ
ihada69L78 is offline   Reply With Quote
Old 11-12-2021, 09:34 PM   #17
Village Idiot
 
Drives: 2019 Camaro SS
Join Date: Nov 2020
Location: Pennsylvania
Posts: 208
For like 20 minutes I thought about selling it for a C5Z but I got through that phase pretty quickly.
Village Idiot is offline   Reply With Quote
Old 11-12-2021, 09:37 PM   #18
closs2sx

 
closs2sx's Avatar
 
Drives: 1970 chevelle
Join Date: Aug 2011
Location: Central NH
Posts: 1,427
Have 2 camaros 2018 zl1 1le with 1843 miles and a 2018 ss 1le with 5500 miles and would not sell either one. Had my hand forced on my 2015 z06 z07 pkg car though as my brother in-law rolled it on sept 11th this year with 5600 miles on it. Would like to get another one but I will wait and see if the chip situation gets better and the prices go back down. If they do I could stand to make out very well. I will have to settle on only 2 sunny sunday cars for now
__________________
On Order 2018 ZL1 1LE Garnet Red Tint Coat Metallic
MY Car
2015 Z06 Z07
Daytona Sunrise Orange Metallic
Dads Car
2013 ZL1 vin 963
Crystal Red Tint Coat/Black Wheels
Exposed Carbon Fiber Insert
6 Spd Manual
closs2sx is offline   Reply With Quote
Old 11-13-2021, 12:30 PM   #19
Cmax
 
Cmax's Avatar
 
Drives: 2017 Camaro 2SS FIFTY convertible
Join Date: Sep 2014
Location: Cincinnati
Posts: 366
I think if inflation keeps up like it is, and we keep printing money and wasting spending on racist highways….AND if the Taiwan computer chips are still delayed in the spring, my Camaro might be worth $400,000…. LOL.
I’m in a good spot because mine has 7,000 miles on it and it is in pristine condition. Likewise it’s just my fun car, so if I’m offered the right number, I will take it.
Cmax is offline   Reply With Quote
Old 11-13-2021, 01:02 PM   #20
oilgear
 
Drives: Camaro ss, Cadillac, Kawasaki ZRX,
Join Date: Apr 2016
Location: Surrey, B.C.
Posts: 98
Quote:
Originally Posted by KyBoy View Post
We've had some people ask us to sell, not a chance. Before this crazy car debacle, when we ordered the FIFTY, we made a deal to keep the car forever. Sentimental.

We can see too far.
Feel the same way about my 50.
oilgear is offline   Reply With Quote
Old 11-13-2021, 01:05 PM   #21
KyBoy


 
KyBoy's Avatar
 
Drives: '17 2SS H50
Join Date: Mar 2016
Location: Louisa, Ky
Posts: 3,952
Quote:
Originally Posted by oilgear View Post
Feel the same way about my 50.
Awesome!

We can see too far.
__________________
2017 H50-2SS-MN6-F55-NPP-RIK-WL4-IO6
1100 - 5/26
0000 - Cancelled - 7/5
Contacted Becky - 7/1
2000 - 7/5
3000 - 7/6
3000 - 7/11 TPW 8/1
3100 - 7/18 TPW 8/1
3300 - 7/20
3400 - 7/21
Built - 8/2 - PS 1,182/1 of 699US
4300 - 8/3
5000 - 8/5
6000 - 8/13
KyBoy is offline   Reply With Quote
Old 11-13-2021, 01:56 PM   #22
jamala00


 
jamala00's Avatar
 
Drives: 2016 Camaro 2SS Hyper Blue Metallic
Join Date: May 2020
Location: WI
Posts: 2,451
Many posts on this forum over the last few months about guys selling. I won't be selling mine anytime soon. Enjoy it way to much. Only way I'd be selling it is if I was upgrading to an '18 HyperBlue ZL1
jamala00 is offline   Reply With Quote
Old 11-13-2021, 03:01 PM   #23
madmaxnj
 
Drives: 2017 Camaro 2SS
Join Date: Apr 2019
Location: NJ
Posts: 17
Thanks for the feedback guys. OP here.

If I was getting a C8, the Camaro definitely would be sold. If I wait until I actually buy a C8, then I suspect I'd take a huge loss on the Camaro. If we were in a normal world right now, i'd definitely take a loss on the Camaro anytime I sold it. Even though I bought it used CPO and the original buyer took the major brunt of depreciation, I'd still take a loss in a normal world. The way it stands now however, I'm looking at making money on the car. Worst case if I went straight to CarMax I'd break even. I already have 2 offers (Facebook offers, so I take that with a big grain of salt) that would net me a profit. Given the current market I'm looking for a little more than these offers right now.

I'd still have the Vette convertible and 2 bikes for my sunny weather driving. With winter about to set in though, none of those are getting driven (hi po summer tires on the Vette). I did put All Season tires on the Camaro, so I will drive that until the first snow, but then it gets shoehorned into Garage Mahal for the next 4-5 months.

That's another consideration I learned last year. Garage Mahal gets crowded with 2 cars and 2 bikes in there. Had 3 bikes in there last winter and one I was working on to put up for sale in the spring and it was near ridiculous working in there. With only 1 car in there, it's much more reasonable.

The only scenario I can see where I'd really regret selling the Camaro is if I don't get a C8 (would keep the C6 vert until delivery of the C8, so always have a hot rod to drive around). If I decide I don't like the C8 (haven't sat in one yet), then I might want to hot rod out the Camaro. Maybe some forced induction and other goodies. I don't know, decisions, decisions.
madmaxnj is offline   Reply With Quote
Old 11-13-2021, 05:04 PM   #24
craigss50

 
craigss50's Avatar
 
Drives: 2017 Camaro SS Fifty
Join Date: Oct 2016
Location: Port St Lucie, Florida
Posts: 966
Quote:
Originally Posted by oilgear View Post
Feel the same way about my 50.

Me too. Only 12700 on my 2017 2SS Fifty Vert I bought new. Unless someone wreaks her she stays with me till the end. Still like new.
craigss50 is offline   Reply With Quote
Old 11-13-2021, 05:23 PM   #25
KyBoy


 
KyBoy's Avatar
 
Drives: '17 2SS H50
Join Date: Mar 2016
Location: Louisa, Ky
Posts: 3,952
Quote:
Originally Posted by craigss50 View Post
Me too. Only 12700 on my 2017 2SS Fifty Vert I bought new. Unless someone wreaks her she stays with me till the end. Still like new.
Agreed, got so many mods invested and she's still like new......except for the mods.

We can see too far.
__________________
2017 H50-2SS-MN6-F55-NPP-RIK-WL4-IO6
1100 - 5/26
0000 - Cancelled - 7/5
Contacted Becky - 7/1
2000 - 7/5
3000 - 7/6
3000 - 7/11 TPW 8/1
3100 - 7/18 TPW 8/1
3300 - 7/20
3400 - 7/21
Built - 8/2 - PS 1,182/1 of 699US
4300 - 8/3
5000 - 8/5
6000 - 8/13
KyBoy is offline   Reply With Quote
Old 11-13-2021, 05:28 PM   #26
raptor5244


 
Drives: 2022 CT4-V Blackwing
Join Date: Sep 2013
Location: Florida
Posts: 2,723
Quote:
Originally Posted by madmaxnj View Post
Thanks for the feedback guys. OP here.

If I was getting a C8, the Camaro definitely would be sold. If I wait until I actually buy a C8, then I suspect I'd take a huge loss on the Camaro. If we were in a normal world right now, i'd definitely take a loss on the Camaro anytime I sold it. Even though I bought it used CPO and the original buyer took the major brunt of depreciation, I'd still take a loss in a normal world. The way it stands now however, I'm looking at making money on the car. Worst case if I went straight to CarMax I'd break even. I already have 2 offers (Facebook offers, so I take that with a big grain of salt) that would net me a profit. Given the current market I'm looking for a little more than these offers right now.
This is the big question-mark right now and no one has a crystal ball. In the future EV world, I wonder if our gas guzzling V8 Camaros will be ostracized or beloved. Imagine 2-3 years from now and there are no new vehicles being produced with a V8 engine. Even Lexus is giving a send off and put a V8 in the Lexus IS 500. Dodge will be introducing their eMusclecars, the Ford Mustang is some sort of EV crossover now, GM is rumored to replaced the Camaro with a performance EV 4-door sedan and so on.

On one hand I think the majority of the consumers won't care, they will just like the instant torque and not having to fill up for $4.00 per gallon. On the other hand, I don't see enthusiasts being fully satisfied with performance EVs just yet. EVs don't offer that visceral driving experience you get from performance ICE cars so there may be a nice following of folks that will continue to pay good money for the Camaro.

Also, keep in mind, this supply shortage is not going away anytime soon. It has actually been getting worse lately and backorders keep piling up.
__________________
2002 Corvette Z06 - Black - Sold
2013 Camaro SS 1LE - Black - M6 - Sold
2016 Camaro SS - Mosaic Black - A8 - Sold
2017 C7 Stingray - M7 Coupe - Sold
2019 C7 Grand Sport M7 Vert - Sold
2021 Camaro ZL1 - Black - A10 - Sold
2019 Tesla Model 3
2022 CT4-V Blackwing - M6
raptor5244 is offline   Reply With Quote
Old 11-13-2021, 06:27 PM   #27
ItsChristianInHD

 
ItsChristianInHD's Avatar
 
Drives: 2017 Camaro 2LT RS 3.6L
Join Date: Mar 2016
Location: Orange Park, Florida
Posts: 1,313
I'll sell mine when I can get a reasonable deal on an SS. I don't drive much because my current job, I work from home. My brother wants to buy my RS.
The SS I plan to go used and spend about 30k, so, I'll be waiting for a while.

Got other house priorities to take care of first before buying another car.
ItsChristianInHD is offline   Reply With Quote
Old 11-13-2021, 06:30 PM   #28
Chutzpah

 
Chutzpah's Avatar
 
Drives: Wild Cherry LT1
Join Date: Dec 2016
Location: Massachusetts
Posts: 1,925
I sold two fun cars in the last 5 months. Probably got ~ $24k more than I would’ve if the market was normal.

I just ordered another Camaro. Typically I get at least 5K off car when I buy, or I walk away. But for now, I’m making an assumption that I’ll pay sticker minus GM card credits. The extra $ recovered by selling two cars in “this market” is paying for ~ 65% of the new car. So, I’m making out OK.. or at least that’s my logic.
Chutzpah is offline   Reply With Quote
 
Post Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:17 PM.


Powered by vBulletin® Version 3.8.9 Beta 4
Copyright ©2000 - 2024, vBulletin Solutions, Inc.