2022 Chevrolet Corvette to Sell for More Than Retail Price

A brand new 2022 Chevrolet Stingray C8 3LT Corvette will be going under the hammer completely unreserved this Saturday the 25th of June with bids already almost exceeding $75,000 over the original retail price.

These vehicles are in extremely high demand with wait times exceeding 2 years, which has seen the value dramatically increase.

“These vehicles usually retail for around $160,000 and the current bid online for this Corvette is $235,00 due to the long wait times on the vehicle,” said Mr. Lee Hames, Chief Operations Officer for Lloyds Auctions.

“Like many classics over the past couple years, we have seen increased demand and prices skyrocketing due to the rareness and significance of the cars,” said Mr. Hames.

“This is a very unique vehicle, we haven’t seen anything of this late model in our normal classic car auctions but we’re excited by the amount of enquiry that has been pouring in from people looking to get their hands on this vehicle from all over the country,” continued Mr. Hames.

The 2022 Corvette comes with a bonus 3-year factory GM special vehicles warranty plus an additional 3 years.

It can accelerate from 0 to 100kph in just 3.1 seconds reaching a top speed of 312kph and it is indicating only 14 kilometres on the clock. 

It isn’t the first time that Lloyds has seen vehicles sell for more than the original retail price. Earlier in March this year Lloyds auctioned second-hand Tesla’s for higher prices than their original price where a 2022 Tesla Model 3 sold for $73,000 when it normally retailed for $68,000.

It’s also not limited to just vehicles but extends to other luxury investments including high end watch brands such as Rolex where in February a stainless Rolex Daytona sold for over $50,000 with the original retail price being just over $13,000 at Lloyds.

There are over 420 classic cars going under the hammer on Saturday 25th June from 10:00am as part of Lloyds Auctions Grand Carmada Event alongside the Chevrolet Corvette.

This includes a 1985 Holden HDT VK SS Group A Blue Meanie that has had just one owner from new and Peter Brock’s personal Blue Meanie which is up for tender.

You can view the 2022 Chevrolet Stingray C8 3LT Corvette here or watch a video of the Chevrolet Stingray here.

You can view Peter Brock’s Blue Meanie here and the other genuine Blue Meanie here.

You can view the entire classic car catalogue here or visit www.lloydsauctions.com.au for more information.

Scott Webber

Head Of Valuations

Accredited Senior Appraiser

Licensed Auctioneer

Qualifications & Affiliations

American Society of Appraisers (ASA)

Profile

Scott Webber is one of the founding partners at Lloyds and has worked for the company from its inception in 2004. In that time Scott has been a Licensed Auctioneer and Qualified ASA Valuer. Prior to Lloyds, Scott was a Farm Manager at Cubbie Station in Queensland, he has an earthmoving and agricultural background.

Scott is heavily involved in daily valuations. He acts for a wide range of clients and vendors including Insurance companies, Financiers, Insolvency Practitioners, Government branches, Joint Ventures and Alliances, large companies, and private individuals. Scott personally co-signs and oversees every valuation report completed by Lloyds. On average the Lloyds valuations department conducts over 500 appraisals per financial year.

Scott has managed many auctions and private sales, previously completing an approximate average of 400-800 traditional auction lots per week. Given that the Lloyds system is now online, traditional auctions are very minimal and are completed in a simulcast method, to comply with contracts we have with major government departments. Although Scott’s focus is currently Valuations, he still oversees and runs auctions weekly on a wide variety of assets from motor vehicles to very specialised process lines.

Scott offers a wealth of experience as an Auctioneer and Valuer in all aspects of Valuations and Asset Disposals.

Having headed disposal programs for Major Infrastructure Alliances, Joint Venture partnerships and Government projects throughout Australia, Scott has a wide range of experience in the Civil Construction, Earthmoving, Manufacturing and Agricultural sectors offering a “turn key” service from start to finish.

Mobile: 0439 765 669