Corvette C8 prices continue to plummet. Convertibles from 2021 lost for example more than $40,000 since their market top. But their are signs that the worst depreciation rates are behind us.

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C8 stingray prices are approximately 27% below their market top, and yet again, fell off a cliff as we headed into the winter. This means that stingrays are 11.4% cheaper than one year ago. Z06s prices are 27.4% cheaper than nine months ago and are still falling rapidly.

We saw that the depreciation rate is still high compared to other cars, but that it no longer sits in the 25% of cars that lost the most. Last year’s depreciation was then also slightly lower that the preceding year. Moreover, we saw that cars are selling slightly quicker than last year and that unsold inventory is discounted less.

These are all signs the worst drop is likely to be behind us and that is likely that we will start to see marginal decreases in the depreciation rates.

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