C3's undervalued? - NCRS Discussion Boards

C3's undervalued?

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  • mike cobine

    #16
    Re: C3's undervalued?

    That is why the rest of Illinois never claimed Chicago as part of the state. Cars were alive and well down south. Hall Street in St. Louis was proof of that. High school had plenty of good cars, GTX, Road Runners, Chevelles, and so on. Corvettes were just too pricy.

    Granted, around '71-'73, there were plenty of '60-'64 Corvettes to be found on lots for $1500 or less, but that was the Corvette reputation. Most had been run as hard as possible, and sold before breaking.

    New Corvettes in '73 - '75 sat in showrooms unsold. I remember a dark blue '74 coupe with silver interior being passed from dealer to dealer and not selling.

    The only slowdown in cars I remember were in new ones and Corvettes around '71-'73. In '74, used Corvettes were not increasing much, if at all, but they were selling. St. L. Post Dispatch was filled in the classifieds. By '74, Placke had a decent selection of about a dozen used Vettes that changed on a regular basis.

    A lot of pot was around. The Alton Telegraph listed Roxana as having something like 75% of the students had used pot in '71. Somehow, I was part of that 25%, but I was aware of it everywhere around me. I could have sworn it was more than 75%.

    In the first few years of the '70s ('71-'74), the used Corvette ownership was dealt the double-whammy. Insurance hit them hard. Prices were a bit steep compared to the faster Road Runners, Chevelles, and Novas.

    There weren't many new muscle or sporty/sports cars around. But plenty of old ones. And they did tend to trade hands a lot. And fill Steak N Shake in Florissant, Blocks in Alton, the Beacon in Wood River, and so on. There were a few V-dubs, but there were more of the 302 Chevelles, 302 Vettes, 396 Novas, and so on.

    In '74, lots of big block Chevelles became available cheap. $400-$600 for '68 - $71 Chevelle SS was common. That $.50 a gallon gas was a killer.

    We were all dreading our lottery numbers, but as much as anything, we didn't want to end up like the green '69 Chevelle in Roxana that sat there for years waiting for its driver to come home. But we didn't quit driving, just kept praying. I don't know anyone that went off to protest. Seemed pretty stupid to go unarmed into a crowd of armed guys who wanted nothing better than to crack your head open. There were a lot of guys signing up for the Navy and Air Force.

    Comment

    • William C.
      NCRS Past President
      • May 31, 1975
      • 6037

      #17
      Re: C3's undervalued?

      Don't forget the impact of the Oil Embargo in '74, I had a new '74 on order in Sept of '73 and the projected delivery date was April of '74, the arab oil embargo hit, orders disappeared like light in fog, and my car was delivered in mid December of '73. Sales didn't just slow down, they stopped! Then '75 brought us Cat converters, and a metal floorpan on the Corvette, which I remember was not to fondly recieved by the Corvette "purists".
      Bill Clupper #618

      Comment

      • Chris L.
        Very Frequent User
        • November 1, 1998
        • 273

        #18
        Re: C3's undervalued?

        They are not under valued if you compare the current prices with the condition of the car being offered. I have been looking for a BB 69 Condition 1, numbers, docs car for over a year and have yet to find a real one. Lot of remade, NOM, wannabes out there, but not many real C-3's. Price is only relevant to what the car is.

        Comment

        • Warren F.
          Expired
          • December 1, 1987
          • 1516

          #19
          Re: C3's undervalued?

          I look at the C3's, as three separate generations. 1968-1972, 1973-1977,& 1978-1982.

          My opinion is that only the first of these generations will continue to climb in value rapidly. These cars contain all the elements which most car enthusiasts look for, unique styling features and visual appeal, such as removeable roof panels, removeable windows, fiberoptics, engine data display plaques, hidden wiper doors, curvacious styling. Performance features and power enhancements, such as triple carbed induction set-ups, aluminum intakes and heads, dual disc heavy duty clutches and rock crusher transmissions.

          There was a lot of competition, for the Corvette to keep itself in the front of the musclecar competition. 1969 Boss and Mach 1 Mustangs were a great improvement in style and looks over previous offerings, 1970 Dodge Challenger R/T and Plymouth Hemicudas became an overnite success in styling features. 1970 AMX's and Javelin SST's finally blossomed into great looking and performing cars.

          And competition breeds a competitive desire to out do oponents, when the musclecar era came to a halt after '71 (with Pontiacs sole SD developments as an exception), the Corvette just sort of languished in the coming years. There may well be some collectiblity for the second and third C3 generations, but the reasons that make the first generation so sought after have long disappeared and I doubt very much that the '73 thru '82 models will ever find as strong a following.

          Comment

          • Mark #28455

            #20
            undervalued vs overvalued

            When a base motor 1969 is selling for $30,000 plus that's not too shabby. When a base motor 1967 is selling for $70,000 you have to admit that's just NUTS! Lets be honest here, certain niches in the collector car market have gone NUTS. There is a cycle in the car market that goes about opposite of the stock market and the stock market is picking up steam again. Remember what happened to prices of 1967's in the late 1980's and early 1990's?

            Mark

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