The strange world of used Corvette sales
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- čas přidán 22. 12. 2019
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Doug from Switchcars shares a story about his discovery of the strangeness of the pre-owned Corvette market.
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#ChevroletCorvette #C8Corvette #CorvetteBuyers - Auta a dopravní prostředky
Corvettes are like houses. The only way to get one is to wait for the person inside to expire.
TRACK DAY BROH
Eyyyyy RCR is here!
LOL
RegularCars come on this show.
My poop is BROOOOOWWNNNNN
Corvette owners don’t sell their vette, they let it sit until it’s a few years old then trade it in for....you guessed it a new corvette
😆
@Skyler Allenson it seems like a odd way to lose a lot of money. buy a 90k car, let it set for 5 years, put 3500 miles on it at most and then trade it for 40k towards the next 90k car.
Shhhh us used buyers love this feature of the Corvette market.
@@johnmoore3504 This couldn't be more true. You can literally find one owner Corvettes with like 2K miles that are wayyyyyy cheaper and even still on warranty. I remember every Chevy Dealer has, "That one Corvette Guy" who does this exact thing of buying and selling Corvettes for other Corvettes. And with them, they leave a wake of Cheap Corvettes ready to be snatched up by buyers with patience.
Depends on how old the corvette is when the owner gets it.
I never farted in mine. So it is really one of a kind.
I'll fart in it.
I also haven't farted in yours.
You're welcome
@@mustangtony2933 Ohh Yea?
Yeah but have you ever filled your tank and not rolled down the passenger window when its 65 degrees out on sunday i havent so mine is 1 of 1
I fart in mine all the time but before I let 'er rip, I turn on the ventilated seats
You give me joy-swells by doing an impression of me! Thank you!
Didn't you notice 95% of the pics were of Porsches?!?
DAD YOURE HERE
Oh my god it’s RCR... *exasperating* play it cool... Hey RCR big fan!!!
Where is the Facebook care react for this comment?
My CoRvEtTe Is BeSt CoRvEtTe
"The rear spoiler was mounted with drywall screws." That should have been your opener.
spoiler alert
@@manfredschmalbach9023 10/10
yup lol
@@manfredschmalbach9023 far underrated comment
Those screws are going to rust I wouldn't have used those. The dummy.
"My Corvette is best Corvette because My name's not on the title" - some absolute LEGEND
RCR?
3:50 THIS
A lot of Corvette Owners think they've got some super special exotic! One of my favorite experiences was seeing Forum members completely burst this bubble for new forum members.
If you bought a Corvette to be special, well...you bought the wrong car. Buy one because they're bargain performance machines. Accept they'll never be, "rare" and you'll enjoy them tenfold more!!!
Exactly why I want one my dream car is unaffordable at the moment but a c8 or gt350 /5.0L are in my range
Says the man who tried to make his corvette look like a Ferrari.
@@darkproject3368 Lamborghini*
@@darkproject3368 He made it sound like a ferrari*
it's also funny because his impression of corvette owners sounds like your impression of your audience 😂
As a Corvette person myself, this describes Corvette people perfectly.
This is my ‘96. There are many like it but this one is mine!
RAH
Charlie T. You got way too much time on your hands old man
Without me my ‘96 is useless. Without my ‘96 I am useless
@@stevenfung1333 haha dammit I was trying to think of what was next
96 was the last year for the C4.
"My Corvette is best Corvette because my name isn't on the title." Hhahahaha!
"It was a Stingray, but it looked like a Z06"
Oh, they found a Grandsport?
"drywall screws"
Oh noooo.
Paused the video and came here looking for a comment about this quote right after I heard him say it
Yeah that was rough to hear
The moral of this video is something is only worth as much as someone is willing to pay.
Sadly you're right. As my late grandfather used to say... "A new car is a poor investment. They just depreciate too fast."
@@coolcat6303 The reality of 99% of cars, usually the car has to be a rare one, like a Ford GT or a LaFerrari or something
Uuhhhgreeeee
Unless you pay over sticker
My old man told me that all the time.
It's like guys who sell 15 year old diesel pickups with 300k on them for 18grand or more, saying it's got lots of life left, just getting started. Yeah ok bud.
Asking top dollar and it needs the entire front suspension replaced
Im starting to get pissed off at the used market im 34 its nothing like when i was 20. For anything quads trucks cars dirtbikes. Everyone think there garbage is gold. Its better off just buying new and saving money and haggling with dealers. I saved 6 years to buy a new diesel truck. Then proceeded to have a mechanic to strip the bullshit eco shit off it. I hope i get 300k miles out of it with hard use
Caleb P yeah used truck sellers seem to be oblivious to the fact that new full size trucks are almost perpetually on sale for ~20% off sticker price.
It's either that or a new one for $80k 🤷♂️
@Caleb P And I could go buy a used Corvette for like $5,000. Lots and lots of them here in North Florida.
*My curvette is best curvette because 1/8 diecast replica*
*here's my toy car, here's my real car*
Aaargrhrggrgehr angry headlights
@Cr6479 He was quoting the Regular car reviews video you fucking muppet
You can’t even spell it right
@@tomfield8766 That's the joke.
LOL! When you realize you are guilty of what you're complaining about.
Exactly. Spends first half complaining about people lowballing him. Second half complaining people wont take his lowball offers. Dude the way is to bond with the owner and explain the car will be loved and garaged and receive baby diaper massages. Show some interest. Of course owners of $60k luxury items aren't in a hurry to sell a toy. They dont need your money.
There is two types of corvette owners, in my experience. The die hard corvette club type, and the guys that just want a fast, light, well performing sports car for decent price. I'm group two.
So am I. I just bought a 2017 Grand Sport with a Z07 package and 10k miles for $50k. A 2017 Porsche 911 Carrera S with the same mileage costs twice as a much. www.msn.com/en-us/autos/video/2017-chevrolet-corvette-grand-sport-vs-porsche-911-carrera-s/vp-AAluGgj
Nice sounds like a beauty. I almost went with a used Porsche too, I wasnt sure how the vette would handle in SF Bay area rain season and it actually handle extremely well. Its just c6 base model, but I have daily driven it for a few years and had no issues. Moving back to Colorado soon tho so will need to sell and buy truck or something with 4x4 or keep it and turn it into a track car.
@@justincavinder5504 Thanks. It's good to know about the handling. Fortunately, I live in the Phoenix area, and don't have to worry too much about the rain. When it does rain, I have a Honda Pilot I can drive.
Vinny D good thing you don't have a z06, I would be worried about it overheating in Arizona. Ive heard They have issues with overheating. The c7 models anyway. Arizona would be nice in a vette with the top down though!
@@justincavinder5504 You are right. There was an issue with the 2015-2016 Z06's. I think they corrected the issue in 2017. Also, people have said the Z06's power is a bit unweildly, and the Grand Sport offers the sweet spot in the model line up. And yes, it is a great place to take the top off. However, we've had a lot of rain and cooler weather recently, but it looks like it's clearing up now. January is usually beautiful.
I love my corvette
I hate the owners club
You mean the Nike Monarchs Enthusiast Association?
You mean the chevron mustache guild?
I'm a hard core old car guy.
I usually hate most other car guys.
I feel your pain brotha.
@@Briggsian 😂 I always think of the all white new balance and Jean shorts
Lol love all your responses guys!
Corvette; the car that is never driven and never sold used.
I bought 2 of them used and put over 100,000 miles on each within 3 years before selling. Lmao
Idk if this is a reference that I'm not getting but it's really not true in the real world
Edit: Ah, i get it now, thanks for bearing with me
Reference to a Jalopnik article a few months ago.
Everyone that commented on this: You're wrong hurr durr
@@Viper3048you bought 2 corvettes and put 200k miles on them in 3 years?
I remember trying to sell my C6, I priced it the lowest on the West Coast. Calls would roll in non-stop, everyone wanted to talk, about their life and their dreams of owning a corvette. When I asked if they were interested in checking it out in person or had any questions about the car other than what was described in my listing, the answer was always no. DREAMERS. The guy who ended up buying it wasn’t even going to drive it, told me it sit in his garage for 11 months a year minimum.
How much did you sell it for? If you don't mind telling
I can’t help but wonder if the people telling you their hopes and dreams are hoping you’ll either give them the car for free or give a deep discount on it
Excessive seat wear is the the number one sign of a rolled back odometer. (Not everytime. But 90%)
Yep I was looking at used charger r/ts and there was one listed at 100k miles and the seat bolster was completely obliterated in the picture, no way that happens after 100k miles.
This is so true even as a private buyer. I considered getting a Corvette a few years back. These people are completely insane. I was looking at getting an older C6 Z06 it was impossible to reason with them. They all said that their car is special or rare. My daily at the time was a manual Pontiac G8 GXP. I've seen more McLaren P1s in person than I've seen manual GXPs. Corvettes are not special cars!
Some are, but most are not. I think the point is that Corvette owners REALLY love their cars, which is a good thing. I can relate having owned 2 Corvettes myself. But if you sold that G8 GXP, you're insane. They only made around 1,000 manual GXP cars and they are young up in value lately. SOOO hard to come by.
@Omar Magana perceived performance doesn't mean you Jack up the price. there are tons of this car on the road. it's no where near special
@Jason Mullings several better performing cars for 30k, like what?
Omar Magana They are not talking special as in the performance of the car lol. They are talking about cars being special thus adding value. Corvettes are highly mass produced vehicles and there’s nothing special about any mass produced unlimited production product. People who are insane enough to think otherwise is what this video is about, and not about the corvette in itself genilus
Omar Magana depends where you live. If you live a lower income area sure you won’t see that much but if you live in a higher income town with a lot of retirees you’ll see a shit ton of corvettes I would know I live in one
You think Corvette owners are bad try Jeep owners especially Jeep Wrangler owners go on Craigslist type in early 2000s Jeep Wrangler with a 4.0 with a 6-speed transmission what will come up is Jeep Wranglers with about 250,000 miles on them with a 3-inch lift 33 inch tires that are probably worn out and they want over $13,000 for it freaking ridiculous
Dave the VTWIN addict come to aus sonny boy, you’ll be startled like the idiot who wanted 70K AUD$ for a car I could buy in the UK ship, make compliant for not a cent over 50K AUD$
Try the Tacoma market..
That TRD Guy
Oh yeah yeah but that’s because Toyota’s hold their value.
Yes Jeep is completely used to the max and still in the mid to high teens
@@jamescannone1425 i was looking for a long bed 4wd tundra, none were on the used Canadian market, and new they were 55k$ so I said I'll look in southern us, I'll might be able to find one that's not rusted thru from road salt and make a bargain, oh was I wrong. Yes they were plentyful but a 10 year old tundra seem to be worth 30k usd which is basically 40k cad after shipping and taxes I would have saved 5 grand by buying a good used one
C5’s are a PITA to sell because they were sold in large quantities. When the C6 debuted, so many owners wanted top dollar in trade they held onto them and let them sit in the garage as they took the new C6 out to cruise around. This means there are a metric fuckton of low mile C5 Vettes flooding the market. That means even if someone has a nice, low mile car they think has a lot of value, they’re shocked to find out they aren’t the only one and it’s a buyer’s market
Red Ram so this guy on video is completely wrong?
What's insane is McLaren is kind of using this strategy to try selling cars. They make over TWENTY different models. Look on their website. Doug Demuro reasons that they think they can capitalize on profits by making a "megaspecial" subcategory of car. Instead, they've oversaturated their catalog. There are sooo many models and variants of each one that if I see a Ferrari, I can guess what model it is. If I see a McLaren, I just think "Which of their several dozen models is that?" LOL.
Why should I buy a McLaren if I have the money and it's not that much different from the other 19-20 models out there? Heck, remember, I wouldn't even be able to tell what model it is because there are so many...
"The tires stuck out about this far from the body"
**cuts to unrelated picture so we cant see hand gesture denoting size*
*
Editing: 100
If it wasn't Rabbit then might as well be Rabbit Jr.
I don't know if Rabbit has a kid. HOWEVER, Rabbit's dad is just like Rabbit.
Jack Linde does rabbit have social media? Been meaning to make him an offer
@@Fee.1 I don't know about social media, but you could search and find out. As for how I know about Rabbit's Dad? Rabbit's talked about him on VINWiki before. A bunch of us wants Ed to get Rabbit's Dad on here telling his stories. ;)
"My Cadillac wagon is not a V, its a 3.6, therefore MORE RARE so it's worth more." Corvette guy selling his daily.
Accurate -- and there are 4x as many 3.6 wagons :)
@@AtomicBuffalo yep, I have one.
Got both
What color?
P.S
For a few weeks about a yr or so ago... I regularly stalked a Caddy Wagon. Im attracted to it like a moth to a flame. If it was in Blue, Red... I wouldnt lose it in a fire.
I wonder how many of these people are being forced to "sell" by significant others sick of it, and this is how they keep them.
You nailed it man lol....my wife bugged me for years to sell my 1998 C5, she was so sick of it sitting in the garage that she even listed it herself several times. This is exactly how I was able to keep it an extra 5 years. The crazy part was that I got the same price I paid for it and the same price I would have gotten when she first wanted it sold 6 years prior to actually selling it. Turned out to be worth it.
That’s a proper shirt for this video.
A proper shirt for a Corvette video is a Tommy Bahama Hawaiian print.
okleydokley It was just a little sarcasm directed at the video.
lol
This guy’s subtle humor is hilarious.
When I bought my first Vette I went to a ‘Corvette Club’ car meet & greet, realized very quickly I was the only one walking around trying to engage in conversation, everyone else was in a lawn chair behind their car
that freaking sucks smh 🤦
I took mine to a Corvette only show in our town put on by the local Corvette club. None of the members of the local club would talk to me. The outsiders were pretty cool though.
Took the kids to the coffee and cars, the Corvette guys are the most annoying, right behind the Dodge Challenger guys. The super car guys are usually the nicest, surprisingly.
Yeah, I had the same experience, but was prepared because the local gun club is the same way.
Terry M bought my corvette at 21. Now at 24 I stopped going to those old farts reunion.
I have never owned a Corvette. Simply out of the realm of possibility for me. The reason I find this so funny is because I know a guy who does. He is EXACTLY the person you describe. The type of person who will spend 3 times what he needs to on something just so he can say what he has is better than yours. It doesn’t matter what that thing is. A car, a truck, a rifle, a TV...anything.
"My corvette is best Corvette because...."
-RegularCars
sounds like my dad trying to sell his beaten to shit 92' Camaro for 15k because its an anniversary edition.
z03s do pull a premium among the hardcore third gen guys
@@RyanBooth3 True, but trust me when I say this thing is not in great shape lol. The clearcoat is peeling and the paint looks horrible, the soft top is shredded/falling to pieces, and it has almost 170k on it.
I've watched my Dad do the same thing for my entire life. What's really funny is that he claims it's worth _all_ the money, until it's worth absolutely _no_ money. Case in point: We had a '78 Suburban 454 Trailering Special when I was growing up. They _are_ fairly rare trucks (and a clean one might actually have some value), and he had amazing amounts of service records for it, but it was just rusted all to hell and gone and had something like 160,000 miles on it when it finally went on the market. He forced me to help him for 2 or 3 days doing all sorts of silly crap to it like installing used speakers (the ones in it were dry rotted), vacuuming it out, fixing small defects in the trim, oil change,/tune up, etc, etc... He ended up selling it for $700, which was easily 1/2 what the drive train alone was worth. And what do you know...? 2 days later the next owner had the body on a trailer to go to the crusher, the frame stripped with a for sale sign on it, and the engine and trans sold for $1200 the same day the guy bought it from us and was pulled about 3 hours later. I know this because it turns out the guy that bought it lived directly on a buddy's normal driving route and he stopped in and asked him about it when he saw it.
He sold another one that he bragged about being awesome for years and years too, but did so for 50% less than scrap price, and it left on a trailer heading exactly in the direction of the car crusher. "But the guy said he was going to restore it!"... 100% that car went straight to the crusher and that guy doubled his money for an hour of work.
@@TheBrokenLife good story - we had an old K5 Blazer with a plow we used for our car lot in Des Moines thing was totally rusted but great drive train...
With dads permission we pulled the engine for the 4 bolt main and the HP heads- had it milled bored and decked - dropped a mild cam in it and put it in an old 72 Nova SS me and cousin did the body and interior work on -- it came on ok cept the rear body panel was totally rusted and some fender work- we cut that out spot welded new metal in hit it with grinders and made it new then used the factory Porsche down draft paint booth and finished.
A real hot rod super fast to 110 - had the quick rear end.
Fun car we sold it to some dad for his HS kid.
Oh the K5-?
CRUSHER
@@nukarr I also have a K5 story (I love K5s). My Dad also owns a 1974 GMC K1500, which he bought new and was my first car so it's not going anywhere, and I've always wanted to build a matching K5 Blazer. Since you know K5s, you know the early ones in the square bodies have convertible tops all the way up to the windshield with half doors (for everybody that doesn't know K5s, you can see these trucks in the movie Jaws and Commando), so they're desirable and fairly rare. Ages ago I was watching a fairly nice looking New Mexico early K5 on eBay, and being that I was still pretty young at the time I had no money so I was trying to talk Dad into it. He didn't bite. Fast forward like 10 years later and one day at work that _exact_ K5 is sitting in the parking lot! Another guy, in the same city and eventually at the same employer, flew out to New Mexico (or somewhere out west... not sure anymore) and bought it! And it IS a nice truck. I think it sold for $5500... We should have bought, but I'm glad the guy that owns it now is the owner if I can't have it. He's kept up on it well.
Anyhow... Just goes to show how small the world really can be when it comes to cars.
This is some advice to all owners and not just the Corvette owners. Just go out and enjoy your cars. Life is too short to worry about mileage.
388gruardian it’s not like corvettes are super unreliable anyway. The C5s that sit in garages all day are pretty reliable aside from the few with the valve spring issue. There’s no reason a C5 can’t survive 200k miles in good condition with proper care.
I have 90K on my C6 GS!!! I bought it to drive! Not stare at!
388gruardian....You nailed it ... I don't want to die and be laying on my death bed saying I wish I had used my dream car more and had more fun with it...If only I had more time.... I want to say, dam ,I put 250,000 miles on it and beat the shit out of it and had so much fun that it was worth it. What's the since of having something you worked for if you only use it to go to dumb car shows every other Sunday unless there is a cloud in the sky and it might rain..
I drive mine 7k per year; I just a get a new one every 6 years.
Got 144k on my firebird.
we got a lot of impressions/impersonations in this one. well-rounded
"MY CORVETTE IS RARE!"
"Does it have a Z06 badge on the side?"
"No..."
"I've got some bad news for you, boomer."
right lol
my new 09 Corvette does. and it's atomic orange. does that count as rare?
@@michaelwilliams5506 No corvettes are not rare
Even the Z06 versions are not rare...
Mmmmm Firebirds are.
As a C5 owner I couldn't agree more. Some Corvette guys are the worst
My corvette is best corvette because it was one of 1000 corvette of [insert year] with both [insert color] and a motor inside.
some, more like most
would you sell yours??
But mine really is one of 195...
My corvette is best corvette because it’s a beater automatic c6 base model
"This car is probably too rough for Ed Bolian"
That's a bold statement.
Can someone please help me understand why I ENJOY listening to these stories so much!?
I think that will always be an issue with the corvette community. You have a car that is bottom of the barrel in the "exotic car" category but the owners try to be just a posh.
Ha ha ha,yep that's a Garbage Motors product for ya.
I think you are overexagerating as dont dont ask close to what an actual exotic car owner would ask their cars. At the end, they are worth the money is somebody bought it. And the Corvette market is really active. Its just how it works.
drfaticus F-gm lol what do you drive?
@@RBZ06LT6 he has a vette. A chevette, but it's still a vette
@@RBZ06LT6 2014 GT500
As someone who owns a Corvette and has sold them in the past this is 100% true haha. I will say IMO its because a lot of the buyers/sellers skew older. I think the last poll on the vette forums was 70% were over 50 years old. I don't think they get on the internet as much as the younger crowd. It was interesting that the higher performance models skewed younger. Like the z06 average age was 32 and zr1 age was 38. You get the older crowd who thinks of the Corvette as like an original Hemi Cuda(not literally just using it as an example) so they all talk about weird colors or 1 offs that make it unique and it ends up being kind of laughable.
By older, do you mean they are boomers?
Did he just talk real slowly and tell us he had a 1 of 1 corvette?
exactly.
He was pretty upfront about his complete hypocrisy, IMO. Can't fault him for being honest.
That part.👍🏿
I mean his isnt one of one but it is pretty rare, the whole reason the car got like that is because they constantly changed colors and packages
settings. playback speed. 1.5x
playback speed is my best friend on youtube
Funny how he goes on about it for 7 minutes then says his is a special one because .... At the end hahaha
He was “surprised” a dealer lowballed a person wanting to sell his car. Uhh news flash, they ALL do that!!!
I think he was more surprised the 2 places, knowing what he learned of these 'Vette owners, actually bothered to offer $7k BELOW wholesale for a Corvette that was actually kinda rare. Especially considering they're one of the "largest Corvette dealers" in the US, can't have much inventory if no one is selling you their cars.
In fairness, I do think he was more surprised at how brutal the lowball was!
Whoever mounted the spoiler with drywall screws deserves a very hard punch in the face
Whoever mounted the spoiler with drywall screws deserves a very hard kick on the balls instead.
Whoever mounted the spoiler with drywall screws deserves to have a drywall screw screws into their intestine
I tried to talk about buying a ‘63 Split window the other day
the guy when on for about 15 minutes
how it “actually came as a blue with tan vinyl interior” & when I asked him what engine came in it he said “that colour combination was actually very rare especially the vinyl” & on & on!
In the end he said he wasn’t really interested in selling it. So this story is 100% accurate.
Don't know much about 'Vettes, but own/owned countless '60s cars.
I'd be willing to be tan was N/A!
My favorite part of this clip is when he talks about his “special” one of 300 corvette!🤣🤣🤣
Right. Like, they only made 300 because they foresaw it wasn't in high demand and it's probably the uglier of them all.
Try getting an excursion with a 7.3
I really want VinWiki to pass 1 million subscribers before the end of 2019!! You all really deserve it
“Buyer beware” doesn’t apply to corvette buyers either, apparently.
I would like to hear more stories of them talking about they brought a car, they did not like it and got the buyer to take it back. To me that is amazing itself.
That's a good one " My Corvette is the best one because my name is not on the title" 😂😂😂😂😂! Dying 😂😂😂!
Idk how vinwiki times content releases, but it always works out with me dropping a dump. Thank you Jesus
sean peterson
Hey me too.. good dumping friend!
Maybe the VINWiki notification is your Pavlovian condition to drop a deuce now.
Quit shitting, you are Barbra Streisanding us. Lol.
You should thank Ed Bolian, Jesus has nothing to do with VinWiki.
@@MartijnPeek agreed.
This is very true on both parts of buying and selling corvettes. These old guys will walk around looking at a low mileage perfect condition corvette meticulously just looking for a reason to lowball you and when they can't even find an excuse to they just lowball you anyway and once you decline they act all insulted lol
I love my Corvette and quit my local Corvette club after the first year.
"No lowballers!! I KNOW WHAT I GOT!!!
Tire kickers WILL BE SHOT"
*"My Corvette best corvette cuz my name not on title!"*
For me, that was the icing on the cake for this story.
I have owned myself 2 Corvettes, and once I'm out of a little financial situation, plan on buying my 3rd soon... you are 100% right with both ends of the C5 market
The issues come surrounding what the Corvette C5 has become. The problem is it's very different to who owns it currently, and who wants to buy them.
To those who don't own them, they're becoming Power to the People. There's several C5s (in a condition drop to the kind of cars you sell) that are around that $10k mark, and so outrageously fast for most else at that money. They're being seen as the perfect car for those without a lot of money, but who still want to own a performance car. The ideal C5 for this group is in like the sports car daily driver condition area... so like 6-7/10 or lower (this is where I fall in, my C4s I owned were like $3k and $5k respectively to purchase). The sports car buyers of this age group who DO care about condition, the C5 isn't the kind of car they want, they'd rather spend the money on like a 996 Turbo or a F355/360 for this sort of era of sports car/supercar. The C5 is just too common for the ones who care.
The people who own them currently however are very different. To them, a lot of them bought it new, they still see it as a $50k car. They also have a little twinge in the back of their mind that it doesn't matter that they were so common... because of the Mustang. The Gen1 Mustang market made it where you could push "1 of 1!!!!" because of all the option combos even when the car itself was common as balls. Corvette owners want their car to be an investment as well. Their old cars they owned when they were 20, and so many pieces of 50s and 60s American iron that were selling for peanuts during the oil crisis are now selling for insane money, and they're a little irritated they couldn't do that. It doesn't compute to them that sports cars that were common when new aren't necessarily gonna go insane after a long time, because that's all they've seen happen. As a result, they are trying to push the C5 into the same market. Its the kinda dying car market mentality of the 60s muscle car era, where that jump into 8/10-9/10 is completely unattainable, and the people who don't have an 8-9/10 car deluding themselves into thinking its an 8-9/10. I think the car market going way more international hasn't fully hit that the Corvette isn't the mountaintop anymore. Ferraris aren't limited to 1 dealer in Greenwich CT as they were in the 50s/60s. Volkswagens aren't solely owned by hippies/people who moved from Europe. The top end of sports cars has gone WAY higher than the sellers have fully grasped.
The problem is this marriage of a buyers market that wants Corvettes with a few cosmetic/non-original issues to save a few grand and a sellers market that keeps their car locked in a garage polished every weekend and wanting to sell a car with sub 10k miles. There's extremely little crossover where you can find the cars that buyers like me want, and that sellers actually have.
I don't want to push this into Boomers/GenXers (as sellers) vs Millenials/Zoomers (as buyers), but I think the difficulty of the market is primarily a culture clash between the 2 age groups. It's to the point where C5s are becoming the nostalgia fuel for people my age (20s to early 30s or so), but most of the people who are selling it.... the ones who want them already have them, so they're selling them to people outside of their age range and don't fully gather the mentality of how other generations negotiate, or at the very least, don't understand that a fair amount of car people of this age who want this type of car don't care fully about 30k miles vs 60k miles. The younger generation of car people don't understand the kind of attachment and what the older generation has into the car, and what they expect out of getting rid of the car. The price bump for the final few steps of the car condition ladder just isn't worth it to younger generations of car people who are interested in the lower end of sports cars.
Brenan Conroy to long didnt read
@@Silver-hg8mc k
@@Silver-hg8mc how old are you, like 12? You can't even read for two minutes? Lazy
3644Darrell don’t care didn’t read
@@Silver-hg8mc k
Just wanted to thank you, for reinforcing our decision to stay away from the sales side of the Corvette world... We have a shop in the Seattle area, that specializes in Vettes and every few yrs we toy with the thought of getting into sales. As masochistic as it can be just doing what we already do, I can't fathom what new form of torture we'd endure taking on all that extra fun!
LOL! Fiberglass fumes! It's probably just their mid life crisis talking.
So Corvettes are the anti-car flippers/middlemen sports car? GOOD.
I'm not a Vette fan but I agree.
Independence City Motoring 100% agree if they don’t like it find something else to flip fuck em
Agreed, The Corvette owner wanting to sell their ride, knows these particular buyers are gonna try to dick them on the price....sorry, we know their game & we don't want to play.
S J Then don’t speak.
Yeah, a good bit of schadenfreude here.
sketchy Corvette seller mistakenly assumed it would be Easy Money to unload a junker onto a fella who not long ago was outwitted by a U-Haul trail hitch :)
Touche. Burn well placed, LOL
Lol! I thought ice was cold 😫. Good burn!!
Corvette seller: my plastic interior and exterior parts are not that warped.
What are all these dealerships and salesmen gonna do with all the C7 2019 Vettes that simply cannot be moved because of the release of the 2020 C8. If you ever wanted to get a smokin’ deal on a brand new Vette’, nows the time!
I'll let them sit for another year pick up a cheap z06 hopefully
@@karlg1535 Not happening. Production is backed up for at least another year. Good luck.
@@gerald4535 I'm only 28. I have plenty of time friend. That sweet zo6 or zr1 will be mine one day!
The DougCember we actually wanted
Man this guy would hate selling normal cars lol
I thought the same! Nothing against him but rich boy thought he can just easily flip one and make his 5-10k or whatever. But seems corvette people try to get the most out of it (probably a reason they drive a vette in the first place lol) as every other normal person would.
You guys do realize that Doug is a professional car dealer, and buys and sells cars for a living, right?
I do, actually. That's why I chose the business I'm in - wanted to deal with cars that I have a passion for, not commodities where people will buy from a competing dealer with questionable ethics two hours away to save $100.
@@switchcars dude, same exact reason I quit working for non luxury dealers. Been with a luxury dealer for almost 2 years now and MAN do people buy nearly everything I recommend (I'm a technician.) I also love actually having return clients and NORMAL CONVERSATIONS... jeez... Anyways I feel you lol
Daniel Koontz not sure if you can compare a guy who runs a business to someone who lives on commissions
Corvette owners are sophisticated third gen Camaro owners. "Glove box full of lottery tickets..." 😂
"if I ever sell mine, I will probably be that idiot" LOL
Get Mr. Regular
Get mr. Regular, yes
Yeah, he's been a "car guy" for weeks now.
A car that's rough enough for Ed? Yikes. Cars like that must be incredibly difficult to save
I bought a C6 a few years back, got a great deal from a nice gent (maybe rare) -- LOVE the car, will never sell it. Manual analog V8 power, nothing quite like it.
this happens a lot in the used land rover market too.
my favorite tank ever, despite so many gremlins to check for,
but sellers know, most buyers are unaware, just want the rover badge.
if you ask seller about the common issues, they ignore you & move on to a buyer who doesn't know better.
I’ve had 2 Range Rovers and both experiences have been great! Great road car.
I really enjoyed looking at pictures of Porches while hearing about Corvettes.
"A little too clean for Ed" lol love it. The great thing is that Ed gets that shit car for dirt cheap, puts it back to pristine, and then somehow doubles his money after putting miles on it for a year or two. Must be fun you guys.... must be fun.
I love how he projects himself whitin his history, "lottery tickets in the glove box", "trip whit the secretary", "bingo night"...
🤣 I noticed too
Understanding one's own pathology is the first step to recovery.
I never knew Corvettes can be found for cheap
Like literally dirt cheap
Yeah they're a really hard to beat value. The C5s and C6s are a ton of car for the money
Fiberglass mass-produced cars aren’t very expensive to manufacture....you pay big money for one ONLY when new.
It’s a strange market - as mentioned most Vette owners only want to buy new ones so they can order that 1-of-1 combo they think will be worth more down the road. What they forget is it’s a massed produced GM vehicle, thus there are thousands of them out there. Mine is a limited edition (1 of 500) but on the used market it carries no extra value despite its new price being much higher then models with similar options. Thus I bought it for a great price and enjoy tracking it because I know in a few years it will just be another used C7.
I got my used. As mentioned most Vettes are garage queens, so the market is full of low mileage cream puffs. My 2014 had only 18K in miles and was 45% of its MSRP. A “normal” Vette has 1/2 the mileage of a similar car as it’s a weekend only car. However I daily drive mine which is not typical. I’m also younger then your average Vette owner and not worried about its future value - sure its 1 of 500 but in 30 years there will 300 of them still around in perfect condition. It’s not like the old days when production was limited and nobody knew the collector market would grow. So nobody “saved” C1 or C2 cars, which is what makes them super rare today. As stated in the video people are sitting on C5s waiting to cash in. Well if everyone is doing that then it’s no longer “rare” despite having some one-off color options or color combo.
Better value than the new Supra.
Corvette owners are just killing time between rounds of golf at the public coarse.
They could afford a nice private course if they didn't trade their car in every time a new trim level or feature came out lol
*course*
I'm 18 and have a z06. Most boomers are annoying and are snobs.
Tood Anderson you just need some chrome tail light Louvres (especially the flame ones) and they will accept you. Maybe even some new balances or Nike Air Monarchs
@@RyanBooth3 as they would say. Leave it stock, that's the way the engineers made it to be.
I live in San Antonio and Corvettes are a dime a dozen here all of my neighbors have there’s parked in the garage. I never see them drive them. Must be a Corvette thing. Wait for the new mid engine Corvette to come out then you will hear oh but they quit making the front engine Corvette so now it’s worth more 😂
umm...the rear engine is the only thing that gives me interest in the new car. No one is gonna care about the last generation now.
@@jonbarry4580 I'll take a cheap zr1 or zo6 c7 all day lol
"Couple minor damage reports, still too clean for Ed." 😂
He's a Corvette boi 😂😂 he just doesn't know it yet.
Boomers always want a "deal"
That's literally it
They see the guy who finds a 1 of 1 cuda hemi in a barn for a few grand, flipping it for six figures and figure "I can do the same thing with an off-the-lot vette from Bob's Chevrolet"
Nick B or boomers got a 120 month finance at 18% apr deal for their vette and are booty clenched to sell em for less than 10k lol
I blame Barrett Jackson for this. C1 and C2 went for crazy money so now everyone assumes their ‘Vette is the same.
And millennials are cheap, entitled, and have no respect for the wisdom boomers have. Google can't give you wisdom. Knowledge is not the same thing.
Michael JM sounds like your vette isn’t selling
Michael JM Sounds like you’re the entitled one. But you’re right, wisdom and knowledge AREN’T the same. I’d rather have knowledge that’s correct, than “wisdom” that’s incorrect. Problem is a lot of stubborn, entitled older people have had this stupid “wisdom” for so long that they think there’s no possible way they could be wrong about anything.
Corvette owners feel special because they know their car is a special, unique car. So special, in fact, it has never had a serious competitor from Ford or Chrysler in the American market even after 70 years.
So true
When you hear the sort of car buyer you are referred to as a "bottom feeder" and get all indignant at a video lol.
Knowing that there is a whole group of people out there that have "said no to car flippers" actually makes me think good for them.
"There's always a bottom feeder ... but since Ed Bolian is not my target demographic ..."
Laughed pretty hard at the RCR reference "muh corvette is best corvette"
So Vultures can't make money off the Corvette?
Sounds like a bonus feature to me
Sure they can, a lot get repo'd from losers who never had any real ability to pay for them.
@@truantray but that's any sports car.
I highly doubt it. Corvette buyers are looking for great value for less money. Plus its thr states, 4 neighborhoods have vetts, it's no unicorn
@Chris p I can go buy a Corvette down the road for $5'000, and some others lower or a little higher. I don't usually see used Corvette's in North Florida go for more than $12'000.
“Fiberglass fumes” 😂
Erik Rounds I love huffing that! Just ordered 5 c8s
The perfect story to start my vinwiki binge watch catch-up!
Dealers make money not on the cars but instead from selling Corvette socks, Corvette underwear, Corvette sunglasses, Corvette keychains, Corvette stickers...
Doug's RCR impression is ACE
My corvette is best corvette because best in show... last year
Also no low ballers, i know what i have!
Big fan of both @regularcars and @vinwiki
My corvette is the best corvette because its a 1/16 scale model so its easy to throw in the trash
@@dyent 😂😂😂
Hey champ it's uncle pull tab my Corvette is best Corvette because I have a toy car.
"I KNOW WHAT I HAVE" Truly sums up the thinking of these types of people perfectly....
Brown
So the moral of the story is if the peasants can buy it the rich won't buy it.
There's nothing worse than seeing a poor person with the same products as you.
My uncle designed Corvettes for GM. One day he gave me a gift. It was rectangular white box. In it was a perfectly detailed plastic model of a convertible red Corvette Stingray. It was amazing. I took care of it for a number of years but I believe it has been lost to time.
I love this channel. These stories are like Mr.
Ballen for car dudes.
As someone who's been flipping cars for a long time - I've been waiting for this video for a long time lol
This guy's RCR impression is damn near perfect!
My Corvette is the best Corvette because it had a Hooters waitress in it...
The CB mount....I died
Were we the only two that caught that? LOL