2010 Camaro Depreciation - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

ChrisB · 11-01-2008, 05:05 PM

Quote:

Originally Posted by The_Beast_

The maro will rake a lower hit from depreciation thanks to GM. And do you want to know why??????

ITS A 2010 MODEL!!!!!!!!!!! So 8 mo. after its out it'll still be 2009. Thats why GM made it a 2010 model. Where have you been?

This doesnt change anything cause in Sept 09 they will start production on the 2011 models so 8 months later like you said you will be able to get a 2011 at your dealership

headpunter · 11-01-2008, 05:11 PM

Quote:

Originally Posted by ChrisB

This doesnt change anything cause in Sept 09 they will start production on the 2011 models so 8 months later like you said you will be able to get a 2011 at your dealership

incorrect they will be starting in june of 2010....

Evotion · 11-01-2008, 05:12 PM

Quote:

Originally Posted by ChrisB

This doesnt change anything cause in Sept 09 they will start production on the 2011 models so 8 months later like you said you will be able to get a 2011 at your dealership

They have already said this will be a long production run. I wouldn't expect to see the 2011 til at least late summer of 2010.

Evilangel · 11-01-2008, 05:15 PM

Quote:

Originally Posted by Evotion

My best guess as of this minute is... that this first year the car will hold it's value well. That could change at any second. If the demand we have seen for the SS cars subsides over the next 8 months or so, it might go down.

I wish I could give you a better answer than that, but I can give you an example. There are a couple dozen Evo's running around the streets here, add in the fact that it was the last year of that body style, that adds up to less depreciation privately for me. I have seen two Evo's in the last three months, sold for basically mileage under what they were new.

High demand = High prices

Ugh, I wish there were less Evos out here. Due to AMS and other reputable tuners in my area, there are tons of Evos out here so when I go to sell it the demand won't be so great:(

Evotion · 11-01-2008, 06:07 PM

Quote:

Originally Posted by Evilangel

Ugh, I wish there were less Evos out here. Due to AMS and other reputable tuners in my area, there are tons of Evos out here so when I go to sell it the demand won't be so great:(

Bummer...

Also helps that in a city of 1 million people there are no Mitsu dealers within 100 miles. The last one in town closed it's doors 3 months ago.

Hope nothing breaks before my new ride arrives.

Evilangel · 11-01-2008, 06:53 PM

I wonder if anybody knows how much the LS2 GTO depreciated after its first year?

OUR72GTO · 11-01-2008, 07:29 PM

Quote:

Originally Posted by Evilangel

I wonder if anybody knows how much the LS2 GTO depreciated after its first year?

Way too much....GM ignored the original pre production input of GTO purists and then relented in next year with hood scoops, dual pipes, Etc. Those cars without the Signature Details were seen not as desirable .

Evilangel · 11-01-2008, 08:24 PM

Quote:

Originally Posted by OUR72GTO

Way too much....GM ignored the original pre production input of GTO purists and then relented in next year with hood scoops, dual pipes, Etc. Those cars without the Signature Details were seen not as desirable .

I see. I guess the Camaro will not depreciate AS much, however it will have to eventually.

Sterling · 11-01-2008, 08:41 PM

They may depreciate due to the fact that they are not available with the HUD before mid-year.

Dom · 11-01-2008, 09:10 PM

It's a GM car and a sports car. Depreciation will be just like any other car in that category.

It's really easy to find out the expected value. Look at the leases they will be offering. You will be paying for the depreciation of the car during the lease. They will estimate the residual value and you will pay the difference (msrp - residual).

Here are residual values of cars.
http://www.cars.com/go/alg/index.jsp

Camaro will loose around 25% of its value the first year.

Compare it to the G8, it should be pretty close.
http://www.cars.com/go/alg/index.jsp...e=G8&year=2008

1_2Many · 11-01-2008, 11:12 PM

I can tell you my 2008 Smart ForTwo is worth more than what I paid for it 6 months ago...but not sure if that's relavent.

Evilangel · 11-02-2008, 12:48 AM

Quote:

Originally Posted by Dom

It's a GM car and a sports car. Depreciation will be just like any other car in that category.

It's really easy to find out the expected value. Look at the leases they will be offering. You will be paying for the depreciation of the car during the lease. They will estimate the residual value and you will pay the difference (msrp - residual).

Here are residual values of cars.
http://www.cars.com/go/alg/index.jsp

Camaro will loose around 25% of its value the first year.

Compare it to the G8, it should be pretty close.
http://www.cars.com/go/alg/index.jsp...e=G8&year=2008

Ok thanks for the info!!

I might just wait for a used 1SS.

Primus · 11-02-2008, 08:50 AM

The biggest variable that will go into depreciation after the first year (assuming quality is fine) is supply and demand.

The fact is, if after a year of being out on the market if you still can't get them off the dealers lots then resell will be very high.

If the dealers seemingly have a ton of them in stock, resale will be relatively low, because people would just by a new one and dealers would probably be doing just that. Dealing.

I got my Solstice in late August of '05 there were none on the market, so when I sold it in October of '05, after 3000 miles, I was able to get the same price that I paid for it because there weren't any on dealers lots, and even if you ordered one then, the soonest you would get one is 8 months.

383ss · 11-02-2008, 09:25 AM

Quote:

Originally Posted by Dom

It's a GM car and a sports car. Depreciation will be just like any other car in that category.

It's really easy to find out the expected value. Look at the leases they will be offering. You will be paying for the depreciation of the car during the lease. They will estimate the residual value and you will pay the difference (msrp - residual).

Here are residual values of cars.
http://www.cars.com/go/alg/index.jsp

Camaro will loose around 25% of its value the first year.

Compare it to the G8, it should be pretty close.
http://www.cars.com/go/alg/index.jsp...e=G8&year=2008

sounds about right to me!

I'd expect a $35k 2SS to be work about 20-25k when the 2011's come out. depending on mileage/condition etc...

anyone who thinks they will appreciate needs their heads examined.

11-01-2008, 09:10 PM	#24
Dom Drives: 2000 Z28 Join Date: Oct 2008 Location: Rockford Posts: 119	It's a GM car and a sports car. Depreciation will be just like any other car in that category. It's really easy to find out the expected value. Look at the leases they will be offering. You will be paying for the depreciation of the car during the lease. They will estimate the residual value and you will pay the difference (msrp - residual). Here are residual values of cars. http://www.cars.com/go/alg/index.jsp Camaro will loose around 25% of its value the first year. Compare it to the G8, it should be pretty close. http://www.cars.com/go/alg/index.jsp...e=G8&year=2008 __________________ 2000 Z28 - current daily 1996 Camaro 3.8 - previous daily

11-02-2008, 08:50 AM	#27
Primus 2G1FF1EV0A9113319 Drives: 2010 1LT/RS 6MT Join Date: Oct 2008 Location: St. Louis, MO Posts: 1,139 View My Garage	The biggest variable that will go into depreciation after the first year (assuming quality is fine) is supply and demand. The fact is, if after a year of being out on the market if you still can't get them off the dealers lots then resell will be very high. If the dealers seemingly have a ton of them in stock, resale will be relatively low, because people would just by a new one and dealers would probably be doing just that. Dealing. I got my Solstice in late August of '05 there were none on the market, so when I sold it in October of '05, after 3000 miles, I was able to get the same price that I paid for it because there weren't any on dealers lots, and even if you ordered one then, the soonest you would get one is 8 months. __________________ 2010 Camaro 1LT/RS M6 Black 1100: 10/13/2008 2000: 4/02/2009 3000: 4/08/2009 3300: 5/14/2009 3400: 5/21/2009 3800: 5/28/2009 VIN: 2G1FF1EV0A9113319 4000: 5/28/2009 4150: 5/28/2009 4B00: 5/28/2009 Delivered: 6/10/2009

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11-01-2008, 06:53 PM	#20
Evilangel Drives: 2003 Evo(450hp) , 95 CamaroZ28 Join Date: Oct 2008 Location: Illinois Posts: 72	I wonder if anybody knows how much the LS2 GTO depreciated after its first year?

11-01-2008, 08:41 PM	#23
Sterling Drives: 2010 Camaro 1LT/RS M6 Join Date: Nov 2007 Location: Fairhaven, MA Posts: 5,885 View My Garage	They may depreciate due to the fact that they are not available with the HUD before mid-year.

11-01-2008, 11:12 PM	#25
1_2Many Drives: 2008 Suzuki SX4 Join Date: Oct 2008 Location: SoCal Posts: 785 View My Garage	I can tell you my 2008 Smart ForTwo is worth more than what I paid for it 6 months ago...but not sure if that's relavent.