I found this odd also. They only thing I can think of is scarcity. Most lt1 cars out there today are beat to **** or have major problems. Lots fewer nice ones left than ls1s, so maybe those will command a higher price.

 

Location, gas prices, tense economy, ignorance, typical commute, comparable vehicles, upcoming Camaro, new Corvettes, depreciation, .....


How many reasons are you looking for?

 

its funny this has been the buzz around tech. I started a tread "losing value" in the bird section just last week after i kbb'd my t/a and was shocked. Seems there are a few more of them and we are all on the same page...great minds i guess...

 

the most ive paid for a ls1 car is for my 02 ss off the lot
the least ive paid is for a blown motor, blown trans 98 formula 800$
i repaired and sold it, now i regret it, it was a nice car body and paint was intact, normal wer on the interior and paint.
another low priced car bought was a silver m6 80k mile 99 z28 for 3k$ nothing wrong with it all was stock
the owner was a non enthusiast and he thought it used up too much gas.
he didnt care for mods, when i replaced the plugs i think they were the original acdelcos and stock plug wires
so the value of the cars is subjective, depends on condition seller and damage if any, i guess.

 

Some guy around here is selling a 99 WS6 for $33,000. It has less than 5000 miles, but still. Its not a firehawk, or a 2002, or anything else special...

 

I agree... LT1 cars in my area are selling for insane amounts.

But LS1 cars are taking a hurting.... autotrader in my area has had the same few f-bodies on there and none are selling. Minus the WS6s, for some reason in my area they are pulling INSANE dough... a dealsership I visit a lot just sold a 2001 WS6 with 96,000 miles for $18,500 cash. Asking prices on them are through the roof.

 

He needs to be bitched slaped, maybe even twice

 

at the local big car dealer there is a CETA m6 for 15900 with 46k i would be all over it but i really dont want to start all over again. plus i would rather have the 35th anniv. SS

 

Location is HUGE! Out here in western NY Fbodys are still expensive. Stealerships will still ask 20K for a low mileage 01 or 02 model. I rarely see them advertised for less then 14K if they have under 100K miles.

But I guess it's supply and demand. Not too many for sale out here so they figure they can jack up the price.

 

Every 6 months prices drop from KBB. It's July and the new book is out. Once a car reaches 7 years old its value is cut in half. You can buy a 02 C5Z for $25k in good shape too.

 

Paid $1500 Cash for mine... Of course it needed a bit of work and paint

 

He's going to have a L-O-N-G wait.

 

Yes he is! I know if I had 33K in cash I would rather put it on a Vette with low miles then a 99 WS6. Common sense must elude that guy.

He either needs a sucker with more money then brains to come along or maybe a collector that just wants a very low mileage car to sit in his private showroom. Either way he's probably in for a long wait.

 

KBB doesnt mean much for performance and collector cars...
lol our prez must be living in that same cave

 

with gas prices soaring i can understand a little dip but there should always be car nuts that want these. i cant picture myself ever driving a rustang. as long as its in good condition i wont sell my vert EVER for under 10k. right now 60k milage. (not for sale) I LOVE IT!

 

Its to be expected. most cars that are to be considered "collectables" will depreciate for 15-20 years before climbing back up in value.

Case and point the Syclones. I paid $7k for a clean Sy with 70k miles in 03 I could sell it now for double pretty easily.

There are a lot of LS1 cars being wrecked (good news for f body owners and us swap guys )

keep the miles down and the car maintained and you will be fine in the long run.

LS1 parts are getting cheap compared to 3-5 years ago!!

 

I searched and searched last year for a clean low mileage 2002 around the MO/KS area and finally found one in Jan for 16.5 and I don't think it got a bad deal, hell the BB is still 15.8

 

I paid $9,000 for my '01 Z28 with 55,000 miles. The car was bone stock and was owned my an older couple that traded it in for a new Dodge Ram. We gave them $8,500 for it and I turned around and bought it. (I sold them the truck too).

 

yuppers I am in Buffalo and there are VERY few 4th gen fbodies for sale

actually out of the last 4 ls1 cars I have had 3 of them were from out of state..................

 

i just saw a NHRA formula on a dealers lot for 11k...damn economy