With interest rates rising the housing market and car market is starting to cool off and used car prices are starting to come down. In this video you will see Jump Squad Auto take his brand new 2023 70th Anniversary Edition C8 Corvette to Carmax to see what they would offer.
His C8 Corvette is fully loaded and has just over 200 miles on it. So far C8 Corvettes have dropped about 10% and the high end supercar and exotic car market is falling as well to compensate for the rise in interest rates.
Jump Squad Auto’s C8 Corvette has a MSRP sticker price at $98,800 but he paid over sticker for the car as he hints in the video. He does mention about $10k over is fair game.
In the end you will see CarMax offers him $102,000 so about $3k over sticker on this 70th Anniversary Carbon Flash Edition C8 Corvette Convertible.
Chevrolet Corvette C8 prices continued to decrease this year and what better way to test the market then to take my 2023 C8 Corvette to CarMax. What did CarMax offer for the 70th Anniversary Edition. Consumer spending and confidence is falling and so are car prices. Almost 10% dip in corvette pricing at auction and wholesale since the start of the calendar year.