Why isn’t the Chevy Corvette ZR-1 worth more?

[Demps]

Originally Posted by Vette73

Nice collection....Wouldn't by chance have a set of A molds hanging around?

Chrome ones.

Ted

[Bob Eyres]

Paul- Thanks for the pix of the active suspension car. Nice engineering exercise, but the only thing I covet about that car is that great hood. It should have been standard equipment on every C4 Zr-1. Like a sign that "there's something BIGGER than a normal small block in this car".

Thumbs up on the article. It was much better written, and packed with interesting facts than most on the C4 ZR-1.

BTW, another minor mistake, I believe that's an 89' pictured above the article, (wheels).

[ghlkal]

Originally Posted by Hog

Here is a Chevrolet Corvette ZR-1 "Active Suspension" Prototype.

I, too, haven't seen this before. That's quite a ZR-1. I'm surprised no one has tried to duplicate that hood.

Great info in this thread.

[Z51JEFF]

Originally Posted by Paul Workman

Yep. That COP architecture is prudy oogly. Go to a car show now-a-days and it's a contest to see who has the prettier plastic engine cover! Pathetic...

That's one thing I'm hoping for in a mid engine car,get the engine out there and let it SHINE!

[Hib Halverson]

Originally Posted by XfireZ51

All,

With the C7 ZR1 on the horizon, and potentially a Mid-engine C8 ZR, IMO the
C4 ZR-1 will receive greater attention if it is demonstrated as to how the
C4 edition was the genesis of the "world beater" Corvette. With greater attention comes higher value. From a collector POV, a stable of ZRs would be inclusive of the C4, then the C6 and further the C7&C8 versions of the KOTH Corvette.

XfireZ51 gets the hump day "Beacon of Reality Award".

[KILLSHOTS]

Originally Posted by Polo-1

"and the highest price at auction at this time remains $48,600, achieved by Mecum for a 1995 ZR-1 on January 24, 2015 at Kissimmee"

They must have missed my sale of the 180 mile for $55,000.

http://www.rkmotorscharlotte.com/sal...0ZR%201/132339

HA! Yeah, right!!! $55K! LOL!!! Funny how many people seem to equate asking prices and sale prices.

[edram454]

Well, I sold my ZR-1 today. The prices are all over the place and to find any logic to these market trends is extremely difficult. I sold a beautiful well sorted car well below were a exotic car of this pedigree would have sold for if it had another name,,(porsche/ferrari/bmw/even transAms and other junk. I will not post what I sold it for. I did not need to sell because of money. It was lack of space. There are people selling good running ZR-1s for 14k buy it now prices.. and at the same time there are people asking 30k for practically the same car. What made me sell it was the total lack of mechanical expertise available that wasn't 22 hours away. I was also screwed by an ex-expert who is now no longer in business and never really repaired the damage he caused while upgrading my car. My car never had mechanical issues. Everything worked..100% of the car always worked. I am out of it and will never own another because of the repairmen proximity issues. I enjoyed owning the KOTH and will have fond memories of the car and of this forum. It sold at a private auction. Caveat emptor as regards where you take your car for repairs or upgrades. Only go to the best or if so talented do it yourself. anything else will be a disappointment. I am on my 8th Corvette and probably my last. I can write a book on each car. Good luck with your ZR-1's and always remember they are special cars. I will always continue to admire them.

ed ramos #3028....SOLD

[Vette Guy]

Ed,

So sorry to hear that your ZR-1 is gone. I agree with your comments, which is why this group and our reputable mechanics are so important to us.

Regarding value, take a look at the below link:

http://www.showyourcorvette.com/Corvette_Market.pdf
Specifically, read the comment made by Dana Mecum regarding the most collectible C4. Between the ZR-1 and '96 GS, I believe he selected the GS due to the social aspect of owning one, and being part of the Corvette (GS) community. I think that he was unaware of the ZR-1 Net Registry when making that statement.

Each year, we meet folks who are like Danny Devito in the "Nespresso" commercial, who say "I want in." They purchase a ZR-1 not just because it is one heck of a car, but maybe more so because of the social following the ZR-1 has. Essentially, it becomes the price of admission to join a greater group of people who have a great time keeping the ZR-1 legend alive.

As a member of Registry for the past 12 years, I'd say we're a pretty neat family, and I believe the largest organization in world centered on a single edition of a Corvette. We have our own event at the NCM (with the GS Registry) and believe with the exception of one year, have been the largest group at Corvettes at Carlisle, besting NCRS with multiple generations of Corvettes. I also believe that we are the only group that has a following of designers and engineers who continue to support our community for 21 years now, since the last ZR-1 rolled off the assembly line - I'm not aware of any other Corvette group getting that same attention - How cool is that?

So what should our ZR-1s be worth? I do understand that there were 2 low mile ZR-1s sold privately last year for $50K ea., and a '95 that went for $60K this year (touted as the last publically sold ZR-1). Another NCRS Top-Flight '94 with 60K mi went for $29. Value is a hard question, considering C6 ZR1s have dropped like a rock. You could purchase a low mile 2010 ZR1 today for mid $60s, and it's base sticker was north of $109K just a few years ago.

If in the market, I'd take about half that and jump on one of the killer deals in the ZR-1 Net Registry's listing of ZR-1s for sale. There are a few in there that I can't believe haven't been snatched up. I'd buy the '95 LPE 385 or the Haibeck 415 and never look back... They have so much invested in them and are solid cars built by solid engine builders - I think they are a steal.

KBB and Hagerty still value our cars high - https://www.hagerty.com/apps/valuati...-Corvette-ZR~1. So why do owners let them go at such a low price? Maybe we all are driving the price down by waiting for the bargains.... I don't know the answer, but I do believe that the greater attention our ZR-1s have, the higher the value.

[edram454]

Thank You VetteGuy. the zr-1's are extremely undervalued and yes we must support those few reputable mechanics who specialize in these super cars. give them all your business. Use the PM feature to really communicate with members truthfully, those who dont want to out a mechanic to the entire forum. that happens alot. SGC blindly lied to me many times and took my money. He let me drive 8 hours to my home with loose fuel lines and other nuts and bolts. Only one bolt,half coming off, was holding my fuel system together at the rear of the engine. the other came off. I could have had a horrific fire and possibly died. I know of others who sold components and scavenged from the sold units without telling the innocent buyer. I heard of tuners stealing custom tunes and erasing the customers tune by doing so. The seller of my car was a doctor and he lied about the car many times over. he was in a fight with the consigner and the car I received had bald tires, rusted aftermarket amolds, bird **** everywhere, a dead battery and an empty gas tank. NEVER BUY SIGHT UNSEEN. I can continue with many, many other atrocities and fill this post but I will stop. A friend of mine who is a forum member left shops with loose and unconnected shocks in the rear and loose c beam plates.etc... We are paying hard earned cash to maintain and upgrade these cars and we must get our monies worth. The same friend bought a car from a forum member and contributor and when he received the car it was scavenged of many parts probably because the seller was upset at the low price he had to sell. Lets be truthful in our evaluation of these great cars to each other. I know most of us are but some??..... always go see and drive the beast, if you can't don't buy it. I will never again be held hostage by a mechanic simply because he is the only game in town. You know what, I would rather sell the pos period. Please understand what I am saying to all members. Always proceed with caution and take it to the most knowledgeable and reputable guys around regardless of cost. the grand majority of our members are truthful but always check around with other friends on the forum. We need you guys to continue to put this great car in its proper position as one of the greatest cars sold by GM. You are the caretakers and I am sure will continue to do a great job.

ed ramos #3028....sold.

[BigJohn]

Originally Posted by edram454

Thank You VetteGuy. the zr-1's are extremely undervalued and yes we must support those few reputable mechanics who specialize in these super cars. give them all your business. Use the PM feature to really communicate with members truthfully, those who dont want to out a mechanic to the entire forum. that happens alot. SGC blindly lied to me many times and took my money. He let me drive 8 hours to my home with loose fuel lines and other nuts and bolts. Only one bolt,half coming off, was holding my fuel system together at the rear of the engine. the other came off. I could have had a horrific fire and possibly died. I know of others who sold components and scavenged from the sold units without telling the innocent buyer. I heard of tuners stealing custom tunes and erasing the customers tune by doing so. The seller of my car was a doctor and he lied about the car many times over. he was in a fight with the consigner and the car I received had bald tires, rusted aftermarket amolds, bird **** everywhere, a dead battery and an empty gas tank. NEVER BUY SIGHT UNSEEN. I can continue with many, many other atrocities and fill this post but I will stop. A friend of mine who is a forum member left shops with loose and unconnected shocks in the rear and loose c beam plates.etc... We are paying hard earned cash to maintain and upgrade these cars and we must get our monies worth. The same friend bought a car from a forum member and contributor and when he received the car it was scavenged of many parts probably because the seller was upset at the low price he had to sell. Lets be truthful in our evaluation of these great cars to each other. I know most of us are but some??..... always go see and drive the beast, if you can't don't buy it. I will never again be held hostage by a mechanic simply because he is the only game in town. You know what, I would rather sell the pos period. Please understand what I am saying to all members. Always proceed with caution and take it to the most knowledgeable and reputable guys around regardless of cost. the grand majority of our members are truthful but always check around with other friends on the forum. We need you guys to continue to put this great car in its proper position as one of the greatest cars sold by GM. You are the caretakers and I am sure will continue to do a great job.

ed ramos #3028....sold.

Good morning ED,
What is the next car you are replacing the ZR-1 with?