Will the 2010 Camaro become a usual Camaro?
10-23-2009, 11:53 AM
#24
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NSX's and vipers are in the same category as the Camaro. You can find a 91-96 NSX for around 20K. New they are 95K-110K. Seems like 20% of its original cost to me. There are 2 Viper SRT-10's on craigslist right now for under $40K. Considering that ones a 2003, and ones a 2005, i wouldnt say they are holding their value much better either. Thats about half. And if you find really nice 2002 Firehawks, or even WS6's that are still in perfect, untampered, low mileage condition, a lot of those go for 15K-20K STILL. So they're also at about half the value. My point is that i don't think Vipers and NSX's are out of the same category as the FBODY as far as exclusivity goes. They are a little more wild but still common and every day cars. Nothing with wheels holds its value unless there are only a handful of them. It boils down to wether or not you can get one. A more rare car will hold its value better simply because there's less competition. You can't ask $40k for a car, even if its worth it, when there are 10 of the same car down the street for $35k. Even Ferrari's lose their value. You can get an F355 for under $50k now, those were what? $200k new? So your still at your %25 value statistic.
The Camaro was old before it even came out, so yea, you can bet your *** that in a few years they will have lost their luster, and their awe factor becuase what excites people is what they never see. An NSX screams by and people freak out becuase its something they don't see, or haven't seen in a while. Thats what the Camaros got going for it at the moment but it wont be long before they just blend back into the crowd. When the 4th gen came out, people made just as big of a deal about the wild futuristic styling and now look, no value. If you want a car that will never decrease in value, buy a Dusenburg (is that how you spell that lol)
Same thing goes for celebrities. People freak out over celebrities because they seem them on tv etc but not in person. Im friends with an actor and when i started bringing him around my other friends, they would all freak out and get excited. A few months later hes just someone else that hangs out with us. Once people are used to something, they move past it.
The Camaro was old before it even came out, so yea, you can bet your *** that in a few years they will have lost their luster, and their awe factor becuase what excites people is what they never see. An NSX screams by and people freak out becuase its something they don't see, or haven't seen in a while. Thats what the Camaros got going for it at the moment but it wont be long before they just blend back into the crowd. When the 4th gen came out, people made just as big of a deal about the wild futuristic styling and now look, no value. If you want a car that will never decrease in value, buy a Dusenburg (is that how you spell that lol)
Same thing goes for celebrities. People freak out over celebrities because they seem them on tv etc but not in person. Im friends with an actor and when i started bringing him around my other friends, they would all freak out and get excited. A few months later hes just someone else that hangs out with us. Once people are used to something, they move past it.
Funny thing about the Impala is, it wasn't even a 'fast' car in it's day. 260hp in a massive B-body. 15 second cars at best, when stock. '96 Corvettes would kill them. LT1 Camaros and Firebirds would destroy them. Hell, any Northstar Cadillac would hang with or beat them even. But still, the Impala has held great value. On the other hand, the modern Impala SS (5.3L DoD) will never command the high percentage of its original value, though it's actually a better performer.
My thought is, if GM stops production of the 5th gen Camaro (or at least the V8 model) in the next year or two, and if production volumes of the V8 stay low, then we'll see better value retention than the 4th gen. But only time will tell.
10-23-2009, 11:55 AM
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10-23-2009, 12:51 PM
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Actually, even new car value is somewhat determined on what consumers are willing to pay. GM sets the MSRP, and if dealers can't move the cars for that amount, they bargin down. Usually there is always wiggle room for the bargining process that most car buyers expect the dealer to engage in.
One thing is true for both new and used cars though; just because YOU aren't willing to pay a certain amount doesn't mean that the next person won't. It's all about supply and demand. If the V8 5th gens end up being a short run with low production figures, then supply will be low and prices will stay high, because there will be plenty of people willing to pay more than you for a car that's hard to find. On the flip side, if there are TONS of these cars built, and every lot has used ones for sale, then excessive supply will drive prices down because there will be more cars than people willing to pay more than you....then you'll be more likely to find a dealer willing to bargin down to your price.
10-23-2009, 01:21 PM
#28
GM only sets the original sticker price for new cars. Used car value is really determined by what we consumers are willing to pay.
Actually, even new car value is somewhat determined on what consumers are willing to pay. GM sets the MSRP, and if dealers can't move the cars for that amount, they bargin down. Usually there is always wiggle room for the bargining process that most car buyers expect the dealer to engage in.
One thing is true for both new and used cars though; just because YOU aren't willing to pay a certain amount doesn't mean that the next person won't. It's all about supply and demand. If the V8 5th gens end up being a short run with low production figures, then supply will be low and prices will stay high, because there will be plenty of people willing to pay more than you for a car that's hard to find. On the flip side, if there are TONS of these cars built, and every lot has used ones for sale, then excessive supply will drive prices down because there will be more cars than people willing to pay more than you....then you'll be more likely to find a dealer willing to bargin down to your price.
Actually, even new car value is somewhat determined on what consumers are willing to pay. GM sets the MSRP, and if dealers can't move the cars for that amount, they bargin down. Usually there is always wiggle room for the bargining process that most car buyers expect the dealer to engage in.
One thing is true for both new and used cars though; just because YOU aren't willing to pay a certain amount doesn't mean that the next person won't. It's all about supply and demand. If the V8 5th gens end up being a short run with low production figures, then supply will be low and prices will stay high, because there will be plenty of people willing to pay more than you for a car that's hard to find. On the flip side, if there are TONS of these cars built, and every lot has used ones for sale, then excessive supply will drive prices down because there will be more cars than people willing to pay more than you....then you'll be more likely to find a dealer willing to bargin down to your price.
10-23-2009, 02:27 PM
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i would say that the hype is still new for the camaro so that can drive up used prices.
there was a silver 6sp ss camaro used at a local dealer but it was sort of striped down no rs pacage so no halo headlights and so on and it stickered for 34k and the dealer wanted 35 lol it had like 1800 miles
there was a silver 6sp ss camaro used at a local dealer but it was sort of striped down no rs pacage so no halo headlights and so on and it stickered for 34k and the dealer wanted 35 lol it had like 1800 miles
10-24-2009, 12:20 PM
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The 2010 camaro will not be like the 4th gens. In this economy right now there are only a select few who are buying them, im talking about both SS and RS. Compare the amount of ls1 4th gen camaros sold in 1998 and the amount of 5th gens that will be sold this year and they wont be close. i can almost guarantee that the same will be able to be said about the whole run from 1998-2002, and the run of 5th gens from 2010 til whenever.
that said, I think they will hold there value 10 years from now much more than a 4th gen does now because of what i stated above.
that said, I think they will hold there value 10 years from now much more than a 4th gen does now because of what i stated above.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 7 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
Edit: As of March 16, 2009, changed 9 months to 7 months.
Last edited by 00Xtreme262; 10-24-2009 at 04:44 PM.
10-24-2009, 12:41 PM
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Just because you state something, it doesn't mean it's going to hold true.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 9 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 9 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
10-24-2009, 04:56 PM
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Any idea what the V8 vs V6 breakdown is for the 2010 production figures to date? I'm just curious to see how popular the V8 option has been. Seems like I've seen a 50/50 spilt of V6 vs V8 on the roads around here lately, but I doubt that 50% produced have actually been V8s. I remeber at the start of the run, every dealer around me had 1-2 V6 models but V8s were almost impossibile to find.
http://camaro5.com/forums/showthread...ighlight=sales
This can give you an idea of how many of the first ones are V8's. I wouldn't doubt it if the number of V8's was more than the number of V6's. The next year or so, It'll probably get closer to 50/50. Then when(if) they release the Z/28, the number(of V8's) will likely skyrocket.
10-24-2009, 05:08 PM
#34
Yes and no. It will depreciate a ton, but not quite as bad as a Fourth Gen. Our cars are pretty cheap no matter what their price was new. The new Camaro is a damn good car. It will hold value much better. But, it's still a Camaro and there are a **** ton of them being made. So, it's value will drop like a rock after a few years. Just not quite as bad as the 4th Gen.
10-24-2009, 05:22 PM
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Definitely. Once the Camaro hits the 1 year mark (March 16, 2010). There will be close to 100,000 of them made. That's going to be good & bad. Parts will likely be cheaper, but everybody is going to have one.
10-24-2009, 05:35 PM
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Just because you state something, it doesn't mean it's going to hold true.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 7 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
Edit: As of March 16, 2009, changed 9 months to 7 months.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 7 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
Edit: As of March 16, 2009, changed 9 months to 7 months.
but what i said in my original post was my OPINION, and tried to make that clear, so i would expect people to take it with a grain of salt.
10-24-2009, 05:40 PM
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Have you priced a used Viper recently?
I could have gotten a similar year Viper for the same price as I bought my Z06.
And an NSX? Please...sure if you want a V6 that barely run's 13s in the 1/4 mile go for it!
I could have gotten a similar year Viper for the same price as I bought my Z06.
And an NSX? Please...sure if you want a V6 that barely run's 13s in the 1/4 mile go for it!
10-24-2009, 05:46 PM
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its going to be just like the 05 mustang when it came out. there is a v6 2010 in my neighbors driveway right now, so i see it all the time. nothing really eye catching about them anymore to me. at least a stock v6 one
10-25-2009, 12:05 PM
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If it's just about HP numbers, you can make your LS1 car a reliable, daily driveable, 5th gen killer for about 1/6 the cost of a new 5th gen. The only reason to move on to a 5th gen is if you really like the car itself more.
