CONNECT WITH US
EV & Mobility

EV & Mobility

CarMax Valued This Corvette Z06 At Just $32K. The Owner Wasn't Having It

Motor1 logo

Published on

Add as a preferred source on Google
CarMax Valued This Corvette Z06 At Just $32K. The Owner Wasn't Having It

A Florida Corvette dealer got a lesson in how differently CarMax and the enthusiast market value the same car. Craig, who runs the YouTube channel Flying Wheels, brought a 2018 Chevrolet Corvette Z06 with 650 supercharged horsepower and 20,000 miles to a CarMax store after weeks of trying to sell it elsewhere.

The car had already struck out at a dealer auction, where the top bid came in at $55,500, roughly what Craig paid for it. He believed a cosmetic fix could change its fortunes before CarMax put a number on it.

Craig suspected the Z06's factory wheels, which he called ugly and out of place on an otherwise clean, low-mile car, were scaring off buyers at auction. He considered wheels from the C7 Z06 but its wider factory body uses different offsets, so the standard Corvette wheels sit too far inboard and leave awkward gaps.

He found a set of Z06-specific wheels and tires on Facebook Marketplace near Fort Lauderdale and negotiated the price down from $800 to $750 with a coin flip, settling the last fifty dollars on the spot.

Once installed, the new wheels filled in the gaps between tire and fender that the factory setup left exposed. Craig said the change was dramatic enough that a buyer "can't really pick it apart anymore," calling the car ready for sale once detailing and photos were done.

Before heading to CarMax, Craig pulled the car's VIN to check third-party pricing guides. He found a low-end auction value of $59,000 and a Manheim Market Report figure, a wholesale benchmark used across the dealer trade, of $64,900.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.