- June 10th, 2014
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The big splash in the auto world in late 2004 was the introduction of the all new C6 Corvette. New styling and an improved engine over the admittedly outdated C5 brought a resurgence to the market of GM’s hottest sports car. With the addition of modern features like GPS navigation, push button starting, and push button doors, the beloved Vette immediate retook its place as the prime sport car in America.
As the years have gone by and the C7 has come along (10 years later in 2014) the C6 models have maintained their value in almost an unprecedented fashion. What has been the driving force behind the staying value of the previous generation and specifically the 2005 Corvette on the used market? We’ll take a look at several reasons.
First, the 2005 year model introduced the modern features and appearance that even 10 years later still have that eye catching appeal that owners love. The C5 models with their rounded corners and admittedly lackluster interior have begun to show their age and lose that shock and awe effect. The fact that C5′s can be found with cassette players should say enough! You can find a great 2005 Corvette for sale at a reasonable price while still gaining all the benefits over the 2004 models. Since it was the first year of the new body style and engine, this allows used shoppers to get the best pricing when compared to other years. You can find a very well kept 2005 C5 for under $30,000, which makes it a diamond in the eyes of first time owners.
Second, when GM introduced the next generation, they put plenty out in the open market making them readily available. When searching online for used Corvettes, it does not take long to notice that there are an abundance of ’05s available. This isn’t because it is a car people was to dump, but rather a reflection of the fact that so many were made to meet the high demand. As with the release of the 2014 Corvette, demand for the 05 year models exceeded demand and even resulted in a slight price increase. In this case with the world of used Corvettes, the supply is there to meet the demand, and as a result they cars remain hot with used Corvette dealers.
Finally, as with most any Corvette enthusiast, the owners of most all 2005s took great care in preserving their automobiles and keeping them in tip-top condition. As with any new release, many were purchased “just to have one” and were rarely driven, unlike their counterpart C6s from the latter years. This makes a low-mileage and top grade 2005 Corvette easier to find on the used car landscape than the others. All buyers are looking for the best possible condition when buying a pre-owned car (especially an expensive one) and the advantage of have many hobbyist and collector owners makes the first C5 year model a hot item.
With the benefits and intrigue of owning the first year model of an American icon muscle car easily accessible, it leave no question why finding a 2005 Chevrolet Corvette for sale remains a hot item in the used market.