Thanks for joining us and welcome to our 41st installment of CorvSport’s exclusive wholesale market series, where we go to the hottest, largest cities around the country to bring you fresh data and market analyses. Below, you will see actual dealer-to-dealer wholesale auction transactions, which resonate with me as a retired used car dealer with 17 years of experience.
I wish I could say I was more fond of the auction experience, but it was no fun duking it out with a handful of other dealers, each one bumping the wholesale price $200 to $500 every time they raised their hand. As with all our exclusive market features, this wholesale market report is FREE and not behind a paywall. When any pop-ups appear, please click to dismiss them and continue enjoying the article.
We are currently on our Florida redemption tour, primarily due to a dismal sales ratio in Florida during the first 16 installments. After the Florida dealers sold only 30% of their Corvettes to new dealers, we moved to Texas to heat things up. And after gathering data from 19 auction days spread over 35 weeks, Texas managed to sell 69% of the ‘Vettes we featured. We have every installment archived below, including the redemption tour that began in early July.
Things to look for today:
- Will Florida move more than the 51% of the Corvettes they have sold since the redemption tour began?
- How will Corvette superseller, BD Auto Liquidators, perform today? They have six of our seven ‘Vettes.
- How many of our four C8 Stingrays will sell?
- Better yet, will the recall and stop sale affect the sale of the 2025 Z06 we are featuring today?
A Quick Review Of The Process:
In preparation for each installment, I start a list of Corvettes from that week’s runlist that catch my eye. As a retired owner/operator of a used car dealership, I’ll use my 17 years of experience (and industry access) to give you insights into the market. My search is focused on the nation’s largest dealer-only wholesale auction, and all the Corvettes featured to date are from the Texas or Florida market. Corvettes end up at a dealer-only wholesale auction for many reasons, but most are trade-ins that the dealer decided not to retail on their lot. Some may also be repossessions or coming off leases. It’s also common for dealers to dump problem (or slow-selling) units at an auction.
