Used Car Dealer Wants $375k for a Lightly Used Corvette Z06

Chris Teague
by Chris Teague
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used car dealer wants 375k for a lightly used corvette z06

The Corvette Z06 is often hailed as “America’s supercar” or the “supercar killer,” and much of the praise comes as a result of its relatively decent starting price. The 2023 Z06 has a starting MSRP of just $105,300, less than half the price of the cheapest Ferrari. With options and upgrades, it’s possible to push the price of a Z06 convertible past $160,000, but that’s only a fraction of one Illinois dealer’s asking price. Volo Auto Sales has a 2023 Corvette Z06 3LZ on sale for $375,000, more than 2.5 times the car’s $148,495 sticker price.

It's usually franchise dealers that get flak for markups, but this is a used car dealer that feels a $225,000 markup is justifiable for someone that needs the car right now. The red-on-red car shows 25 miles on the clock, so the buyer will be at least the second person to take a joyride. The car is lacking the Z07 performance package, so you’ll have to get in line if you wanted a fully-loaded Z06.

The dealer says that only 300 Z06s have been built, which has not been confirmed by Chevrolet. Shutdowns and delays could mean the number is short of that estimate, but the reality is that wait times for the new car are severe. Chevy built just under 40,000 C7 Z06s between 2014 and 2019, so it apparently has a long way to go before reaching that level of production with the C8.

[Image: Volo Auto Sales]

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Chris Teague
Chris Teague

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4 of 14 comments
  • Tassos Tassos on Dec 23, 2022

    ECONS 101 Question:

    Suppose you are lost in the damn desert and you are dying of thirst. I can be there with an ample water supply to satisfy you. Your net worth is about $15 million (wait, no, after god-awful 2022, it is down to a measly $12 million worthless US dollars.). OK. How much am I allowed to charge this fellow for my water, which I bought for ZERO dollars? How much if, if he does NOT have the water, he will EFFING DIE?????????? $10 million? Why not $11 million? Let the haggling begin!

  • MaintenanceCosts MaintenanceCosts on Dec 23, 2022

    I can also write a letter to Joe Biden asking him to send me a pony with the Presidential seal branded on it, with similar results.

  • Peter Cullipher Peter Cullipher on Jan 16, 2023

    This is 100% supply and demand. If no one is willing to pay, he’ll lower the price. It could be simply a marketing plan to get traffic into the store. I worked for a LARGE used car dealership that did this. Bought exotics for the owners (3 brothers), just to help draw interest to the store, although those cars WERE for sale. The owner MAY have bought it for himself, but has it listed to please the less wise wife.

  • Zipper69 Zipper69 on Jan 29, 2023

    Watching the latest Barret-Jackson, there was a surprising surge in prices for restomods, which last year were being pointedly ignored by collectors for not being "original" - now, a creation with a new chassis, modern suspension and brakes and powered by a twin turbo V8, but sporting a 60's classic body [albeit, with imperfections removed] has them fighting to push it over $300k.