General LSX Automobile Discussion - Will the 2010 Camaro become a usual Camaro?
samson_420
10-22-2009, 10:58 AM
What I mean by that, is will it become another f-Body?
Our cars were 30k new, not they are worth about 1/4 to 1/3 of that.
Will the 2010 be the same way? Or will it be a specialty car, like a NSX or Viper? < Those things are still worth a arm and a leg and are extremely hard to come by + They still turn heads.
People see a NSX and are still like WTF is that? A Ferrari. . . . LOL
boostcreep
10-22-2009, 11:00 AM
Yes, compared to it's competition it's nowhere near as "omgwtf!!" as the NSX and Viper are/were. A camaro will always be just that, a camaro.
qwk93ta
10-22-2009, 11:30 AM
I think they will hold their value for a few years, but in the end they will go down the same path as the 4th gens.
Adam86
10-22-2009, 11:30 AM
It will never be a 'vette/Viper/NSX etc... Which is fine by me because I'll actually be able to find one on the cheap one day!
Chadlee2KZ
10-22-2009, 11:31 AM
I say it will be normal in a few years. There is nothing "special" about the 2010 camaro other than being new. The power isnt anything special and with Camaro's that really what they boil down to is power and performance. When something newer and more powerful comes along it will be the new head turner. IMO
WSsick
10-22-2009, 11:40 AM
i think it will hold its value a little longer, but in the end it wont be anything special. idk how you consider it competition for the viper? 35k or 90k...hmmm
samson_420
10-22-2009, 11:51 AM
Well, even Vettes value falls like there is no tomorrow compared to it's sticker price. . . . .
It would be nice to get a 2010 for under 10k some day :)
30K < Screw That!
For 30k, my 98 would run 10's . . . LOL
spoonraker
10-22-2009, 12:31 PM
Well, even Vettes value falls like there is no tomorrow compared to it's sticker price. . . . .
It would be nice to get a 2010 for under 10k some day :)
30K < Screw That!
For 30k, my 98 would run 10's . . . LOL
I sure hope you can run 10s for a lot less than 30k. You could probably build two 10 seconds fbodys for $30k including the price of both cars if you didn't buy pristine show cars for top tier fbody money.
boostcreep
10-22-2009, 12:52 PM
I sure hope you can run 10s for a lot less than 30k. You could probably build two 10 seconds fbodys for $30k including the price of both cars if you didn't buy pristine show cars for top tier fbody money.
lol yeah, for 30K I'll get an Elantra to run 10s
SlowFRC
10-22-2009, 01:05 PM
What I mean by that, is will it become another f-Body?
Our cars were 30k new, not they are worth about 1/4 to 1/3 of that.
Will the 2010 be the same way? Or will it be a specialty car, like a NSX or Viper? < Those things are still worth a arm and a leg and are extremely hard to come by + They still turn heads.
People see a NSX and are still like WTF is that? A Ferrari. . . . LOL
I hope this isn't a serious question. Vipers and NSXs are expensive and special because they were like that when new. Camaros aren't expensive and rare when new so why would they ever be as used cars (talking about cars less than 30 years old). Camaros don't defy the laws of depreciating used car values and to think otherwise isn't smart.
I could see the Camaro becoming a special car if GM suddenly had to stop making them within the next few years; everyone knows they're not in the greatest shape right now financially and I'm still amazed that they actually went through with making it. Otherwise, if it follows a normal production life cycle it'll fade along with everything else...
evilZO6
10-22-2009, 04:57 PM
NSX's and vipers are in the same category as the Camaro. You can find a 91-96 NSX for around 20K. New they are 95K-110K. Seems like 20% of its original cost to me. There are 2 Viper SRT-10's on craigslist right now for under $40K. Considering that ones a 2003, and ones a 2005, i wouldnt say they are holding their value much better either. Thats about half. And if you find really nice 2002 Firehawks, or even WS6's that are still in perfect, untampered, low mileage condition, a lot of those go for 15K-20K STILL. So they're also at about half the value. My point is that i don't think Vipers and NSX's are out of the same category as the FBODY as far as exclusivity goes. They are a little more wild but still common and every day cars. Nothing with wheels holds its value unless there are only a handful of them. It boils down to wether or not you can get one. A more rare car will hold its value better simply because there's less competition. You can't ask $40k for a car, even if its worth it, when there are 10 of the same car down the street for $35k. Even Ferrari's lose their value. You can get an F355 for under $50k now, those were what? $200k new? So your still at your %25 value statistic.
The Camaro was old before it even came out, so yea, you can bet your ass that in a few years they will have lost their luster, and their awe factor becuase what excites people is what they never see. An NSX screams by and people freak out becuase its something they don't see, or haven't seen in a while. Thats what the Camaros got going for it at the moment but it wont be long before they just blend back into the crowd. When the 4th gen came out, people made just as big of a deal about the wild futuristic styling and now look, no value. If you want a car that will never decrease in value, buy a Dusenburg (is that how you spell that lol)
Same thing goes for celebrities. People freak out over celebrities because they seem them on tv etc but not in person. Im friends with an actor and when i started bringing him around my other friends, they would all freak out and get excited. A few months later hes just someone else that hangs out with us. Once people are used to something, they move past it.
TAtoad
10-22-2009, 05:23 PM
NSX's and vipers are in the same category as the Camaro.
they may depreciate at the same rate, but them being in the same category??? really?? no.
NHRAMAN
10-22-2009, 05:50 PM
Yes, compared to it's competition it's nowhere near as "omgwtf!!" as the NSX and Viper are/were. A camaro will always be just that, a camaro.
YUP....:drive:
Pepsiboy700
10-22-2009, 06:02 PM
It's a big deal till everybody has one. Seeing a 2010 Camaro has been the norm for me now. It was the same with the Challenger. "OMG A CHALLENGER!!!!!" Now every time a friend or I see one, our responses are, "oh boy, big shot in the shitty challenger. Lol
blk/slvr02ss
10-22-2009, 06:07 PM
The 2010 Camaro is a E-Body now and it may like others have said become rare if GM stops making them but yes they will go down in price.My 2002 Camaro SS cost more in 02 than my 2010 Camaro SS but it did have a bunch of SLP options.
01ssreda4
10-22-2009, 06:10 PM
I could see the Camaro becoming a special car if GM suddenly had to stop making them within the next few years; everyone knows they're not in the greatest shape right now financially and I'm still amazed that they actually went through with making it. Otherwise, if it follows a normal production life cycle it'll fade along with everything else...
I agree :D
evilZO6
10-22-2009, 06:18 PM
they may depreciate at the same rate, but them being in the same category??? really?? no.
Yes, i was referring to depreciation rates. But the cars really are similar anyway.
A camaro has a better drivetrain than an NSX. A Viper has a better drivetrain than a Camaro
A Camaro has a better interior (by FAR!) than a Viper. An NSX has a better interior (by FAR!! LOL) than a Camaro.
A Viper is more stylish than a Camaro. The NSX is more stylish than a Viper.
The Camaro and Viper handle about the same. NSX handles far better than both.
They all have strong and weak points. NSX is really in its own category. Viper IMO, and i've owned 2, is in pretty much the same category as the Vette. Just a little ahead of a Camaro. Its biggest fall back is the interior and lack of handling.
shtnfrds
10-22-2009, 06:28 PM
in 5 years i bet you can get one for around 15K, by then if the camaro is still around its going to be an animal, even more so with the Z28 out.
1fstgtp
10-22-2009, 07:07 PM
The 2010 camaro will not be like the 4th gens. In this economy right now there are only a select few who are buying them, im talking about both SS and RS. Compare the amount of ls1 4th gen camaros sold in 1998 and the amount of 5th gens that will be sold this year and they wont be close. i can almost guarantee that the same will be able to be said about the whole run from 1998-2002, and the run of 5th gens from 2010 til whenever.
that said, I think they will hold there value 10 years from now much more than a 4th gen does now because of what i stated above.
Detoxx03
10-22-2009, 09:23 PM
I think it will hold its value a little longer especially the Z28
Gordon0652
10-22-2009, 10:03 PM
All in good time...
jrob56
10-22-2009, 10:23 PM
The 2010 Camaro is a E-Body now and it may like others have said become rare if GM stops making them but yes they will go down in price.My 2002 Camaro SS cost more in 02 than my 2010 Camaro SS but it did have a bunch of SLP options.
I was under the impreesion it still had an F in the Vin number
RPM WS6
10-23-2009, 12:53 PM
NSX's and vipers are in the same category as the Camaro. You can find a 91-96 NSX for around 20K. New they are 95K-110K. Seems like 20% of its original cost to me. There are 2 Viper SRT-10's on craigslist right now for under $40K. Considering that ones a 2003, and ones a 2005, i wouldnt say they are holding their value much better either. Thats about half. And if you find really nice 2002 Firehawks, or even WS6's that are still in perfect, untampered, low mileage condition, a lot of those go for 15K-20K STILL. So they're also at about half the value. My point is that i don't think Vipers and NSX's are out of the same category as the FBODY as far as exclusivity goes. They are a little more wild but still common and every day cars. Nothing with wheels holds its value unless there are only a handful of them. It boils down to wether or not you can get one. A more rare car will hold its value better simply because there's less competition. You can't ask $40k for a car, even if its worth it, when there are 10 of the same car down the street for $35k. Even Ferrari's lose their value. You can get an F355 for under $50k now, those were what? $200k new? So your still at your %25 value statistic.
The Camaro was old before it even came out, so yea, you can bet your ass that in a few years they will have lost their luster, and their awe factor becuase what excites people is what they never see. An NSX screams by and people freak out becuase its something they don't see, or haven't seen in a while. Thats what the Camaros got going for it at the moment but it wont be long before they just blend back into the crowd. When the 4th gen came out, people made just as big of a deal about the wild futuristic styling and now look, no value. If you want a car that will never decrease in value, buy a Dusenburg (is that how you spell that lol)
Same thing goes for celebrities. People freak out over celebrities because they seem them on tv etc but not in person. Im friends with an actor and when i started bringing him around my other friends, they would all freak out and get excited. A few months later hes just someone else that hangs out with us. Once people are used to something, they move past it.
In general, I agree with all of this. One thing I'd like to add though, in recent years (last 1-2 decades), the only 'performance marketed' car that GM has built that's held its value better than average is the '94-'96 Impala SS. From what I recall in 1996, a brand new Impala SS was just under $25k. Today, a mint, show quality, super low mileage example can still command high teens to $20k. So it seems the Impala has done slightly better, in terms of an average depreciation percentage, than NSX, viper, or Camaro.
Funny thing about the Impala is, it wasn't even a 'fast' car in it's day. 260hp in a massive B-body. 15 second cars at best, when stock. '96 Corvettes would kill them. LT1 Camaros and Firebirds would destroy them. Hell, any Northstar Cadillac would hang with or beat them even. But still, the Impala has held great value. On the other hand, the modern Impala SS (5.3L DoD) will never command the high percentage of its original value, though it's actually a better performer.
My thought is, if GM stops production of the 5th gen Camaro (or at least the V8 model) in the next year or two, and if production volumes of the V8 stay low, then we'll see better value retention than the 4th gen. But only time will tell.
RPM WS6
10-23-2009, 12:55 PM
I was under the impreesion it still had an F in the Vin number
It does have an "F" for the body code (4th VIN digit), however it shares nothing with previous F-bodies in terms of chassis design.
samson_420
10-23-2009, 01:16 PM
Damn, I sure want a 2010. . . . . But, just like my 98' I am not willing to pay 30k just because GM said it's worth 30k.
RPM WS6
10-23-2009, 01:51 PM
Damn, I sure want a 2010. . . . . But, just like my 98' I am not willing to pay 30k just because GM said it's worth 30k.
GM only sets the original sticker price for new cars. Used car value is really determined by what we consumers are willing to pay.
Actually, even new car value is somewhat determined on what consumers are willing to pay. GM sets the MSRP, and if dealers can't move the cars for that amount, they bargin down. Usually there is always wiggle room for the bargining process that most car buyers expect the dealer to engage in.
One thing is true for both new and used cars though; just because YOU aren't willing to pay a certain amount doesn't mean that the next person won't. It's all about supply and demand. If the V8 5th gens end up being a short run with low production figures, then supply will be low and prices will stay high, because there will be plenty of people willing to pay more than you for a car that's hard to find. On the flip side, if there are TONS of these cars built, and every lot has used ones for sale, then excessive supply will drive prices down because there will be more cars than people willing to pay more than you....then you'll be more likely to find a dealer willing to bargin down to your price.
jrob56
10-23-2009, 02:21 PM
GM only sets the original sticker price for new cars. Used car value is really determined by what we consumers are willing to pay.
Actually, even new car value is somewhat determined on what consumers are willing to pay. GM sets the MSRP, and if dealers can't move the cars for that amount, they bargin down. Usually there is always wiggle room for the bargining process that most car buyers expect the dealer to engage in.
One thing is true for both new and used cars though; just because YOU aren't willing to pay a certain amount doesn't mean that the next person won't. It's all about supply and demand. If the V8 5th gens end up being a short run with low production figures, then supply will be low and prices will stay high, because there will be plenty of people willing to pay more than you for a car that's hard to find. On the flip side, if there are TONS of these cars built, and every lot has used ones for sale, then excessive supply will drive prices down because there will be more cars than people willing to pay more than you....then you'll be more likely to find a dealer willing to bargin down to your price.
ya basic supply and demand and i hope they build a TON of them! so i can get one cheap in a few years
shaun
10-23-2009, 03:27 PM
i would say that the hype is still new for the camaro so that can drive up used prices.
there was a silver 6sp ss camaro used at a local dealer but it was sort of striped down no rs pacage so no halo headlights and so on and it stickered for 34k and the dealer wanted 35 lol it had like 1800 miles
00Xtreme262
10-24-2009, 01:20 PM
The 2010 camaro will not be like the 4th gens. In this economy right now there are only a select few who are buying them, im talking about both SS and RS. Compare the amount of ls1 4th gen camaros sold in 1998 and the amount of 5th gens that will be sold this year and they wont be close. i can almost guarantee that the same will be able to be said about the whole run from 1998-2002, and the run of 5th gens from 2010 til whenever.
that said, I think they will hold there value 10 years from now much more than a 4th gen does now because of what i stated above.
Just because you state something, it doesn't mean it's going to hold true.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 7 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
Edit: As of March 16, 2009, changed 9 months to 7 months.
samson_420
10-24-2009, 01:31 PM
J
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 9 months now?
Good info to know. . . . . 5 more years and the 2010 is all mine :)
RPM WS6
10-24-2009, 01:41 PM
Just because you state something, it doesn't mean it's going to hold true.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 9 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
Any idea what the V8 vs V6 breakdown is for the 2010 production figures to date? I'm just curious to see how popular the V8 option has been. Seems like I've seen a 50/50 spilt of V6 vs V8 on the roads around here lately, but I doubt that 50% produced have actually been V8s. I remeber at the start of the run, every dealer around me had 1-2 V6 models but V8s were almost impossibile to find.
00Xtreme262
10-24-2009, 05:56 PM
Any idea what the V8 vs V6 breakdown is for the 2010 production figures to date? I'm just curious to see how popular the V8 option has been. Seems like I've seen a 50/50 spilt of V6 vs V8 on the roads around here lately, but I doubt that 50% produced have actually been V8s. I remeber at the start of the run, every dealer around me had 1-2 V6 models but V8s were almost impossibile to find.
Unfortunately I don't know. I have a few people I can ask & they may be able to find out.
http://camaro5.com/forums/showthread.php?t=8968&highlight=sales
This can give you an idea of how many of the first ones are V8's. I wouldn't doubt it if the number of V8's was more than the number of V6's. The next year or so, It'll probably get closer to 50/50. Then when(if) they release the Z/28, the number(of V8's) will likely skyrocket. :devil:
Sharpe
10-24-2009, 06:08 PM
What I mean by that, is will it become another f-Body?Yes and no. It will depreciate a ton, but not quite as bad as a Fourth Gen. Our cars are pretty cheap no matter what their price was new. The new Camaro is a damn good car. It will hold value much better. But, it's still a Camaro and there are a shit ton of them being made. So, it's value will drop like a rock after a few years. Just not quite as bad as the 4th Gen.
00Xtreme262
10-24-2009, 06:22 PM
It will hold value much better. But, it's still a Camaro and there are a shit ton of them being made. So, it's value will drop like a rock after a few years. Just not quite as bad as the 4th Gen.
Definitely. Once the Camaro hits the 1 year mark (March 16, 2010). There will be close to 100,000 of them made. That's going to be good & bad. Parts will likely be cheaper, but everybody is going to have one.
1fstgtp
10-24-2009, 06:35 PM
Just because you state something, it doesn't mean it's going to hold true.
48,490 Camaros were produced in 1998.
50,000+ Camaros have been produced so far for the 2010(this was within the past 2 months I believe). That number is about to hit 60,000. That's not even for an entire year of production. That's at 7 months now? Something like that.
Please don't post random crap, that's how rumors get started.
Yes, I joined just to post that. No, I'm not a noob, I've been at these forums for a while.
Edit: As of March 16, 2009, changed 9 months to 7 months.
I didnt look it up, so i guess i was pretty wrong about those figures if your correct.
but what i said in my original post was my OPINION, and tried to make that clear, so i would expect people to take it with a grain of salt.
StoleIt
10-24-2009, 06:40 PM
Have you priced a used Viper recently?
I could have gotten a similar year Viper for the same price as I bought my Z06.
And an NSX? Please...sure if you want a V6 that barely run's 13s in the 1/4 mile go for it!
its going to be just like the 05 mustang when it came out. there is a v6 2010 in my neighbors driveway right now, so i see it all the time. nothing really eye catching about them anymore to me. at least a stock v6 one
samson_420
10-24-2009, 08:47 PM
I just like the numbers the 2010 v8 puts out.
RPM WS6
10-25-2009, 01:05 PM
I just like the numbers the 2010 v8 puts out.
If it's just about HP numbers, you can make your LS1 car a reliable, daily driveable, 5th gen killer for about 1/6 the cost of a new 5th gen. The only reason to move on to a 5th gen is if you really like the car itself more.