It’s amazing how fast time flies as we enter CorvSport’s 24th exclusive wholesale market report. If you want to be dialed in on the wholesale Corvette market, you are in the right place! As always, thank you for being a part of our community. You may remember that as the series progressed, we moved from the Florida market to Texas. After eight months in Florida and a 30% sales ratio, I switched things up to see if the Texas market would yield better results. To date, Texas has not disappointed–you can view the full archives below. [Author’s Note: This article is FREE and not behind a paywall. If/when any popups occur, please click to make them disappear and continue enjoying the article.]
The top two most remarkable Texas auctions occurred in December. First, our special Z06 special edition yielded a 50% sales ratio. Then, there was that historic showing of classic Corvettes that showed up at the Dallas auction–historic because rarely does a Corvette collection of this caliber show up at a dealer-only auction. But even more remarkable was the 100% sales ratio–yes, every antique Corvette we featured sold! Here are those two features for easy access.
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 are from the 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.
