We previously detailed the rise of C4 Corvette values, especially the ZR-1, but the C5 Corvette’s time to shine is quickly approaching. Hagerty reports some C5 Corvette variants have begun to appreciate in value and it could be the time to buy.
Specifically, the collector car insurance company says prices will likely bottom out next year after all C5 Corvettes experienced a 2 percent decline in value over the past 12 months, save for a few variants. The Z06, Indy 500 Pace Car, and 50th Anniversary models already show appreciation.
In more detail, C5 Corvettes with a manual transmission are worth 10 percent more than automatic cars, and convertibles retain a higher value than coupes, believe it or not. Two other obscure C5 Corvettes register on Hagerty’s radar as well: the 2004 Z06 Commemorative Edition and Fixed-Roof Coupe Corvette.
The Fixed-Roof Coupe was built in 1999 and 2000, sports a manual transmission and a lighter, stiffer structure. The Commemorative Edition marked Corvette Racing’s Le Mans win and all 2,025 cars received a carbon-fiber hood.
Of course, appreciation takes time, but Hagerty knows best when it comes to collector car values. But for those looking to take advantage of low C5 Corvette prices, the time might be now.