Yesterday we shared an analysis of the 2008 Corvette Price Guide in respect to the Top 12 price gainers of 2007. Today we look at the other end of the spectrum to detail the Corvettes with the highest declining vales. We are fortunate that despite a roller coaster economy, depreciation is hitting Corvette exactly where it should be - The C5 Corvette. It should not come as a surprise to see the fifth generation Corvettes holding all ten positions. The norm for newer Corvettes is to reflect double-digit depreciation for some years, followed by single-digit depreciation for several more years and finally cross over in the appreciation area.
Here are the top 10 Corvettes with the highest depreciation values:
Top Depreciation Models Year Make % Change Average Price 2001 Z06 -20% $23,000 1998 Roadster -18% $19,200 2002 Z06 -17% $27,000 1998 Coupe -17% $17,000 1999 Coupe -16% $18,500 2002 Roadster -15% $27,500 2002 Coupe -14% $24,000 2003 Z06 -14% $31,000 2004 Z06 -14% $33,500 1999 Roadster -14% $21,300
More analysis of the Top 10 Price Declines of 2007 follows the jump. [More]
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Depreciating Corvettes: Top 10 Price Declines of 2007
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