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Used Chevy Camaro Prices Extremely High This Summer

The price of a used Chevy Camaro continues to climb, with second-hand examples of the sports coupe selling for over $36,000 in June – up more than 40 percent year-over-year.

Back in May, we reported that the price of a used Chevy Camaro had increased by nearly 30 percent so far this year, with the vehicle fetching an average transaction price of $31,220 on the used market. Prices for the Chevy Camaro have continued to climb since then, with the vehicle now selling for an average of more than $36,163, according to market research firm iSeeCars. That’s $11,242 higher than the average transaction price for a Chevy Camaro in June of 2020 – an increase of 45.1 percent.

In May, iSeeCars executive analyst Karl Brauer surmised that consumers have been buying up sports cars like the Chevy Camaro as they seek new ways to have fun experiences amid the COVID-19 pandemic.

“These sports cars are aspirational cars for many consumers, and they surged in popularity during the pandemic as drivers sought fun cars to combat boredom,” Brauer said. “Sports cars aren’t practical purchases, so drivers are likely more willing to pay a premium for them, especially because they aren’t as common in the used car marketplace.”

But that’s not the only reason used Chevy Camaro prices are climbing. The GM Lansing Delta Township plant where the vehicle is built has experienced recurring shutdowns due to the semiconductor shortage, making the vehicle hard to come by at dealerships. This likely has more prospective Chevy Camaro buyers shopping second-hand, in turn driving up used prices for the two-door. The GM Lansing Grand River plant is expected to come back online on August 9th.

“The microchip shortage has brought historic used car price increases, so much so that some lightly used cars are more expensive than new models,” Brauer explained.

The 2022 Chevy Camaro will introduce minor changes to the nameplate, including a new Rapid Blue exterior paint color. The 2022MY of the sport coupe should begin arriving at dealers later this year.

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Sam loves to write and has a passion for auto racing, karting and performance driving of all types.

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Comments

  1. Great, just when I decide I need one.

    Reply
    1. Same here, so i’m going to have to wait now. 🙁

      Reply
  2. Chevys biggest problem selling the Camaro is price. I have a sister who likes them, and I like them as well. I’ve pointed out to most people that the base V6 Camaros get similar fuel mileage and if you ignore the size of the trunk door, similar cargo space to a V6 camry, but a much nicer vehicle. GM just doesnt produce many of them especially in their base trims and absolutely no incentives on them.

    Price sells cars period

    If they would increase production of these and sell them like they do Malibus, they would increase market share. They would increase revenue despite the discounts as well cause they would sell more.

    Which would you prefer? Base Camaro for 28K? Or Camry with similar options for same price?

    Reply
    1. Most buyers would prefer the Camry. Not many people want a two door car anymore, especially one with huge doors, a low roof, and poor outward visibility. Building more of them won’t help sales at all, there just isn’t that much demand for them. Price may sell cars, but the Camaro is priced about the same as the cars it competes with in the market, the Mustang and Challenger.

      Actually I’m not sure what you’re asking for, the base 1LS coupe, with an automatic starts at $27,700, the 2.0L in the upscale 1LT, with an automatic starts, at $28,200 and the V6 1LT starts at $28,300. That’s three different Camaro’s for $28,000. Admittedly, you’re not likely to find one on a dealer’s lot, because they’re not the Camaro’s that most buyers are interested in, but they can always be ordered. Also, the base Camaro’s have been popular with rental fleets in places like Florida, New Orleans and southern California, so they’re often available as slightly used, year old cars on rental company liquidation lots, and at dealers like Carmax.

      Reply
    2. Having a hard time understanding you compare a Camry and a camaro. Forget what they offer in terms of engine and mpg or price. If you want a car and that’s your main concern I understand. I bought my camaro with the thought that it will and would always be a secondary car. It’s a luxury that I can have it. But remember this key point,the creation of the camaro was meant to beat the mustang in performance. Nobody at GM is asking about truck space when developing it. Now moving forward when it becomes a EV sedan might change

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    3. Camry compared to Camaro?

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    4. can’t pay the price, then look for something else. As good as a Vette and a whole lot less. Look at what there getting for vettes, outrages , List for just over 60, BS. find one buy it. Dealers are screwing everyone. Don’t blame GM (greedy Mothers) blame the unscrupulous deals. When this all settles down, remember those dealers and never go there again.

      Reply
    5. Well, I’m in the market for a performance car and a couple models come to mind that actually match- or nearly match- the Camaro’s performance. BMW M340i, M3, Audi RS3, MB AMG C43, Mustang GT PP2.

      A 1SS- track rated and ready to go- significantly undercuts the price of all of them. The M3 is damn near twice as much!

      Reply
  3. That orange one though! Just wow!

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  4. Well in April I did order my new 2022 Rapid Blue Convertible as the world turns they may start building them Aug.15, I can only hope their holding back the Cadillac’s. and still doing Camaros. But I’ll wait to see when I get the call the paper work is on the line. No I’m not holding my breath…

    Reply
    1. Cadillac CT4 and 5 held back until Aug. 30. Your Camaro will most likely be built.

      Reply
  5. Traded my 2020 Camaro 1SS in June for $40K for a 2021 Camaro LT1 for MSRP.

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  6. It’s not price that’s the issue, Chevy doesn’t build enough of them. I owned a 2021 LT1 and did a custom build because there were so few available across the country throughout 2020. Unfortunately, I only had it for 4 months because of a driver not paying attention and totaling it.

    Reply
  7. I own a 2020 1SS Camaro red hot color, sun roof, 10 speed “T”, and it is immaculate as indicated at car shows. It pains me to consider selling it but I have been offered what I paid for it and then some. As a senior(76) I want a ZL1 for sorta my last life change experience….no promises on a timely purchase of the new Camaro….oh what to do?

    Reply
    1. John go for it! Take the used car price they’re offering and put it to a new ZL1. Go on the Chevrolet build a Camaro web site check inventory for ZL1 in transit near you then contact dealer and work a deal. You’ll be up against other buyers but once they run your credit they’ll usually hold the car for you. Did that on my new 2021 Camaro LT1.

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    2. John, at your age I can not imagine you needing a new ZL1. So if I were you, I would take advantage of the ridiculous used car market and cash in. Put that money aside and wait for the ZL1 you want and then wait for a normal price. You will come out smelling like a rose if you can wait. Only if you can get the Z at sticker, would I take the plunge sooner. Good luck and it is very freakin cool that you are still a hot rodder at heart. Best of luck with your new toy!

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    3. John – go for it. I bought my 2019 ZL1 A10 2.5 years ago. I’m 51. So much fun to have the power and handling capabilities faster than most and / or at least on par with sports cars costing 2-5 times as much. The only thing I’m considering for the future is the 2023 Z06 C8 Corvette w/ the 9K plane crank engine. Until then, love my ZL1.

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    4. John,
      I’m not to far behind you at 72. I ordered a 2022 2SS convertible June 7th. Still waiting. Not sure who will call first,
      the dealership or the undertaker. lol
      BTW, great name. 🙂

      Reply
  8. 2016 2ss camaro 70,000 easy miles what is current trade in price given? Southern Ca

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  9. I have a 1st generation 2010 Camaro SS, with 25,000mi, that I was curious, what this low mileage, “bumblebee transformer” would bring in this market? Pristine condition!!!!

    Reply
    1. Go ask a dealer or carmax or just list it and see what offers you get. Only worth what someone is willing to pay. Be sure to see what your insurance company will cover it for.

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    2. Glenn I think you meant 5th Generation. Check CarMax Vroom and Carvana.

      Reply
  10. Chevy’s possible ev sedan is a slight glimmer of hope for their automotive future.

    Reply
  11. WHY WOULD I BUY A SMALL 2 DOOR COUPE(Lt1,ss,zl1)WHEN I CAN GO BUY A 4 DOOR (hellcat,392) CHARGER for the same price n performance??? That’s the problem right there….camaro sales dwarf in comparison to Charger sales…

    Reply
    1. Sure…if all you want is a straight line boat to drive 3 other people around in.

      Reply
  12. I will never get rid of my 2014Rs2SS1LE. BOUGHT new and less than 50K. Elvira is.my black mistress of the night. I’m in mid 70s but will never grow up.

    Reply
    1. I have a 2015 2SS/RS 1LE with 17k and is 1 of 76 1LE’s in Crystal red Tint coat for that year that I will take to my grave. 😁

      Reply
  13. Gorgeous car. So much fun and great performance. We have a 2lT wild cherry and RS package since April. V6. Amazingly fun car for us and 2 border collies. Trunk is enough for our needs . Visibility is not the greatest in the blind spot area but easy to get used to. Sunroof is a great add on as is the suede steering wheel and shifter. Bose sound is great . We just love this vehicle. Sales down likely because they just can’t get enough of them at the dealerships. Look online for a new one and there is little to nothing to buy.

    Reply
  14. I had a 2014 2SS and traded it in for 2018 2SS with 4100 miles, at first I wasn’t sure if I made the correct move but now I absolutely LOVE it. The difference in the ride and sound is night and day. I only drive it to the gym ( nice weather days) and weekends.

    Reply
  15. I was considering buying 2014-2015 RS last year but I’m just going to wait until this demand/pricing falls in the market. What does a 50k-70k clean example sell for usually?

    Reply
  16. I bought a 2011 Camaro 2SS inferno orange with black racing stripes last year for $18k with 92k miles on it. Nearly a year later I can trade in the car for 26k!!! Because the Gen 5 and Gen 6 look alike, everyone thinks my car is new model and she runs 11’s at the drag. However the car seems jaded cause I’ve only put 4K miles on it and had to replace oil pump twice under warranty, been to the shop 3 times over balance and handling issues due to city roads beating up the car, in the shop now due to a pothole. Now the wife wants me to sell it cause it scares her despite she initial approved. The car sounds wicked with heads that make heads turn. I am torn as the car looks amazing, blows away Porsches daily, but fails to prowl on speed bump laden roads. I’m trying to convince myself now to get a second car to keep this toy. Am I blind gents?? Or am I saving a gem??? What’s a man to do!!!

    Reply
  17. Am I the ONLY one to notice that the article states the wrong production plant for the Camaro ? It is produced at the “GM Lansing Grand River Assembly” plant. Do your homework Sam.

    Reply

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