2020 Corvette Appears On Hagerty Hot List Of Future Collector Cars
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Each year, the collector car experts over at Hagerty put together a list of vehicles from the past year that have the most potential to become a future classic. The list, which is aptly named the Hagerty Hot List, is perfect for anyone looking to purchase a sports car or performance car, but doesn’t want to have to wince when they go to resell and realize its worth only a small fraction of what they originally paid for it.
2020 Corvette owners will be happy to hear that the mid-engine sports car was included on this year’s edition of the Hagerty Hot List. The 2020 Corvette is the first model year for the first production mid-engine Corvette, a fact that would be enough to qualify it as a future classic all by itself. Adding to the vehicle’s collectability, though, is the fact that General Motors was forced to cut the 2020 model year production numbers short due to the 2019 UAW strike and COVID-19 pandemic. So not only is this the first mid-engine Corvette, it will also be much less common than 2021 or 2022 model-year examples, too.
Based on information Chevrolet released earlier this summer, the least-common 2020 Corvette exterior colors are Zeus Bronze and Accelerate Yellow, both of which accounted for just 3% of orders. Standard models accounted for 83% of 2020 Corvette models ordered, as well, while just 17% of orders were for the convertible. A 2020 Corvette in Zeus Bronze seems as though it would be a decent investment, then – so long as Hagerty is right and those vehicles on the 2020 Hot List do indeed end up becoming collector’s items. We’re pretty confident they’re right about this one, though, as even non-noteworthy Corvettes can hold their value pretty well.
Other vehicles featured on Hagerty’s list include the Cadillac CT6-V, Jeep Gladiator Rubicon, Polestar 1 and Mustang GT500.
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The 2020 Chevrolet C8 Corvette is a back-to-the future moment as the new car has to rank very similar to the original C1 Corvette; but it’s doubtful that current C8 Corvette buyers are thinking they’re buying history as much as they know the 2020 Chevrolet C8 Corvette offers the most bang-for-the buck in overall performance.. as you’re not going to get better.
are first year C-5 collector cars today ?? that should answer your question.
one has nothing to do with the other.
i owned 11 new corvettes starting in 1959 till 2008 and the C-5 was a big upgrade over the previous models.
Same problem: apples and oranges.
Opinions are great. They are wonderful. While Omegatalon provides a rationale for his opinion, “motorman,” compares apples to oranges, in a sense. Yes, the C-5 is a Corvette. Essentially it is there that the similarity ends. The Mid-Engine Corvette is a first in 8 generations sports car. A very-well cared for example, that has all original parts will be a lot more scarce in the market 25 years from now (true classics) than they are right now. Sooner or later, owners will alter their car and will move or downsize where they can no longer save the original parts. In a sense, the mid-engine Corvette is more like a brand new car, with what it presents and with the potential that it offers for future models. This model is also a little more focused as it relates to performance and a little less focused as a Grand Touring car. As a result, it reaches out to teenagers and young people in their 20’s. Interestingly, once the age group market of 30 is reached (“…never trust anyone over 30…”), the Stingray continues to reach out to that market as well. The wonderful ride of the car and some trunk space front and rear and a viable cup holder, and the features of cell phones ease of use and multiple options from the car also appeal to the practicality side of those in the 40-60 age group. Finally the 60-80 age group has a great deal of appeal (other than getting in and out) for its simplified modes and very comfortable ride that are available with this car. And some of these markets will have no need to modify the car. Just let the dealer keep it up for them and it will last a lifetime and always be something special. Corvette lost some of its audience but that was a business gamble. Corvette gained a pinch here and a pinch there from the market. The motorized convertible will appeal to older people who want open air experience but don’t want to do more than press a button. And the bonus is, long trunked drivers who are over 6 feet 3″ will be able to drive a Corvette convertible with the top up or down and still fit well within the car. Not many sports cars can claim that. Finally, other than a stick shift, performance oriented fans can simply wait for the Z06 and other models from GM to have their cake and eat it too. They will mostly find that the Dual Clutch Transmission (DCT) is enough for them as they obliterate the other cars in the C8 class for far less money, but with the same quality of operation and fit and finish. AF – C8 owner
Is a C5 a mid-engine? No !
are the L-88 mid engine but are very collectable. what makes corvettes collectable is the number of people that want a certain model 40 years from now.
Right, Hank. This is exactly what i’ve been saying to him. There is a sort of fear of a feeling of being threatened somehow by owners of Corvettes prior to C8. It comes through directly, or indirectly like it is conscious or even sub-conscious at times. There’s a linear connection of all Corvettes. One of the facts raised by prior owners/fans of the C1-7 series is that the C8 is not front engine and/or doesn’t have a stick shift. Some continue to say that there was a lot more development left in the C7. I actually won’t argue against any of those claims as they have quite a bit of validity in them. Apparently the GM/Chevy/Corvette management and teams decided to go with the mid-engine architecture as their first effort to go in a direction that would make it easier for the Corvette to compete more at the Super Sports Car level, rather than just at a sports car level and American GT car. True the top of the Line cars always competed well regardless and they perhaps appealed with people who wanted to go to the golf club with a buddy, or with a husband and wife who wanted to tour the country and either camp or go to relatives or hotels while traveling in high flying comfort that could adapt to different speed laws all over the country. Plus club members who wanted to get together, talk cars, go for a run and have a local concours. All said and done, the brain trust considered all of that and left C1-8 behind for the mid-engine architecture coupled with a dual clutch transmission. Of course, this is just the beginning. But it is what changed me, a guy with a last name of Ford, to become a C8 owner and back an American company with the courage to go mid-engine and subsequently to compete with the best cars in the world. As for me personally, I still have a Mustang Bullitt and a 2012 Porsche Carrera 991/911 in Racing Yellow. All the current clubs of Corvette will still be out there and the cars that are and were special still will be. At this juncture C1-7 owners shouldn’t abandon the new Corvette family and just become a bunch of, “haters,” for no real reason other than their own personal insecurity (as some on the Forum have clearly displayed). No one is making any Corvette owner by an automatic and/or a mid-engine C8. At one time, there was a club of 1953 Chevrolet Bel-Aire owners who decided that Chevrolet had died because of modifications made in 1954, 1955 and thereafter. Their belief was that if it wasn’t a ’53, it wasn’t a Chevrolet. I guess it was a great club. But how did that work out for them? There’s not much of that club left around. At this point, certain cries, complaints and comparisons make no sense. The pre-C8, “guard,” will have to come to grips with the fact that after the 1952 Chevrolet, there was the 1957 icon Bel-Aire; and each movement of time, into the future, carries with it one of the constants on Planet Earth, throughout its history: Change! AF
Popularity determines value, often more than rarity – park any Corvette in the garage for 50 years and it’ll bring a premium over even the rare Taurus SHO or Toyota Whatever, I’d think. Although, the C8 should earn some bonus points for being the Last Corvette with a Engine….