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Depreciation is an inescapable reality among new and used cars. It could be a blessing for bargain hunters or value lost for new car buyers. Still, when it comes to American sports cars, one model depreciates more than any other: the Chevrolet Corvette. Whether you consider the C8 Corvette a sports car or a bona fide supercar, the ‘Vette has some of the worst depreciation of any star-spangled performance nameplate. 

A gray C7 Chevrolet Corvette, one of the cars with the worst depreciation, shows off its side profile.
A C7 Corvette | General Motors

The Chevrolet Corvette, America’s original sports car, has some of the worst average depreciation of any domestic performance nameplate. Specifically, a Corvette depreciates an average of 27.5% over five years, per the latest data in an iSeeCars value study. As a result, a Corvette could be worth as much as $22,713 less than MSRP in half a decade.

Of course, the five-year data includes a shift from the nameplate’s seventh-generation (C7) model to its current eighth-gen lineup. As such, the C7 and C8 models depreciate differently. 

For instance, the 2019 Chevrolet Corvette, the last of the front-engine Corvettes, has a much lower average value than the 2020 C8 model. The 2020 Chevrolet Corvette Stingray has an average used value of around $62,861, whereas the 2019 Stingray is closer to $44,618. That’s a difference of nearly $18,000 for a single model year. 

The Chevrolet Corvette depreciates more than the Ford Mustang and the Chevrolet Camaro

Admittedly, the Chevrolet Corvette isn’t much of a competitor for what constitutes an American sports car in 2024. See, the Ford Mustang and Chevrolet Camaro are two-door, front-engine, 2+2 platforms. On the other hand, the Corvette is a lighter, mid-engine, two-seater application. 

Still, the Ford Mustang and Chevrolet Camaro depreciated 24.4% and 24.2%, respectively. While that’s not far off from the Corvette’s 27.5%, the Corvette’s average difference from its MSRP is around $12,000 more than the Mustang and Camaro.

ModelAverage 5-Year DepreciationAverage difference from MSRP
Chevrolet Corvette27.5%$22,713
Chevrolet Camaro24.2%$10,161
Ford Mustang24.5%$10,035

Of course, the Corvette starts at a higher price point than the Mustang and the Camaro. On average, a 2024 Chevrolet Corvette costs more than twice as much as the entry-level versions of the two pony cars.


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