How many of the 7 being offered at Mecum Indy sold?
Mecum's top seller Z06 at $214,500
To this day, (even several months after its release), if you browse the for sale sections on certain sites, especially Facebook, you’ll still see high markups on new and used C8 Z06s. I’m there every day throughout the day and often get a chuckle at the comments from the tire-kicking price police, and unless it’s at MSRP with no frivolous dealer add-ons, you’ll also see a lot of laughing emojis.
It is what it is, and that’s where we are with this market, as the production and allocations simply have not caught up with demand (I wrote about the dynamic here). Another dynamic is the action GM took to try to curtail flippers, which we wrote about here. The time frame for the original owner to hold on to the Z06 was lowered to 6 months (from a year), so most of these 6-digit purchases will not have a warranty.
Here are the results from the May 2023 Mecum auction held in Indianapolis, in order of “cheapest” to most expensive.
Transferable Warranty: No (built early April, shows 1 owner on Autocheck history report)
Bid to: $214,500
What do these results say? Well, for starters based on a sales ratio of 57%, I think we can say the market is cooling off just a bit, but definitely not dead. And the average sales price over the 4 sold was $192,500, so pretty strong considering the MSRP of a base Coupe begins around $105,000. The next Mecum auction is set for June 9-10 in Tulsa, Oklahoma, and I certainly can’t wait to see what the Z06s do there.