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Why Did Corvette Win Best Resale Value? | GM ZR1 Retention Policy | CORVETTE TODAY #259
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May 9, 2025
To learn more about why did Corvette win best resale value and GM ZR1 retention policy, please feel free to visit our YouTube channel. This video covers why did Corvette win best resale value, along with the following topics: - What are the changes in the ZR1 owner retention policy? - Where is the Bloomington Gold 2025 show? - The National Corvette Museum is restoring a 1953 Corvette ********************** CORVETTE TODAY #259 - Corvette News & Headlines, Early April 2025 Thank goodness winter is in our rear view mirror! And our first big event of the season, the National Corvette Museum's Michelin Bash, takes place during the last week of April. Your CORVETTE TODAY host, Steve Garrett brings back Keith Cornett from CorvetteBlogger to go over the latest Corvette news & headlines from the past two weeks! Here are some of the topics that Steve and Keith cover... 1. Corvette wins Kelly Blue Book's best resale value award 2. GM changes the owner retention policy on the ZR1
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[Music] welcome to Corvette today the show that
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talks about everything Corvette with your host Steve Garrett lifetime member of the National Corvette Museum
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City for over 45 years here's Steve
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Garrett thanks for listening and watching Corvette today the show that talks about everything Corvette and the
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right everybody here we go it's time to bring you the latest Corvette news and headlines with my pal Keith cornette
3:52
from Corvette blogger.com Keith is with me every other week we keep you current and up toate on what's happening with
3:58
America Sports Car Keith spring is here welcome back to the show I'm excited buddy it is car show season again we got
4:05
a lot of good stuff happening of course we're headed right into April so lots of good stuff happening in April but I'm
4:10
actually going to be at Spring Mountain this week for the very first eay Corvette owner school and we're going to be joined with our good friends Mike
4:16
Ferman who actually sold me my car pretty excited about that we got some other friends coming out Jeremy wellborne we've got Tweety bird and a
4:22
few other guys that all bought eray from Mike Ferman we're doing the first owner school class out there fantastic you'll
4:28
have to give us a report on our next news and headline show and by the way buddy our next news and headline show
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coming up in April will be the beginning of year number six for Corvette today that's amazing Steve congratulations
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thank you buddy let's get into it let's get a Corvette production update from the Bowling Green assembly plant
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absolutely well of course you know the Corvette assembly plant has been closed for the last two weeks as they were making some improvements to the assembly
4:51
line we've said all along we believe these changes are being done to emphasize widebody production allow them
4:56
to do more wide bodies back to back to back as a opposed to having to separate them with stingrays I did go back and
5:02
get the vehicle counts to see where they' be starting off today we have a total of 17,36 Corvettes reported for the 2025
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model year and of course that breaks down to 10,557 Stingrays 5,9 z6s and
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1,795 e-rays they're going to be picking back up here again that next closure for the plant their final fourth week of
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closure will happen on May 19th so nothing next for the foreseeable future hopefully it'll be interesting to see if
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they do reach their goal in being able to produce additional widebody models here that's great also we have some big
5:36
news ZR1 orders were supposed to go in last week how did that go so it's a
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little different this time Steve so last week GM told their dealers that they would be contacted in regards to adding
5:47
carbon fiber High Wings in the arrow packages to the ZR1 orders of course these are the very first ZR1 orders that
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were placed back in February and if you remember the plant put them out there and then pulled them right back and then
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they said we're working on more highwings last week was supposed to be the time to do it but instead of doing the normal way where they put out the
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number to dealers and then they get a constraint report send it in their orders this way we think that this is
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being handled actually through Detroit of course it was Chevrolet marketing that said we're going to get more High
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WIS for our customers back in February and so we think what's happening is they surveyed the dealers to say okay if you
6:21
had this many orders how many high Wings do you need this time so we think they're doing it like that the story is
6:27
actually incomplete because the S cycle actually closes today Monday and then tomorrow those orders that were accepted
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will go up to 3,000 status that's usually how it happens we don't really have a count on exactly how many high
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wings were found but we just know that dealers are still waiting as of Friday to get those confirmations back from
6:45
General Motors on how many they would get still kind of up in the air there hopefully later this week we'll start hearing about some Target production
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weeks which will help us determine the ZR1 when it's going to start up and when we can expect to see it you know usually orders start being produced four to six
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weeks after they were accepted so again we're just kind of Wai and seeing here but looks like things are happening and so just stay tuned it's finally rolling
7:06
that's good and you mentioned a new carbon fi supplier coming to Corvette you know that's what we're hearing Steve
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and thank God right yeah because they were so suddenly reversed on that 100% constraints for the high wi for the ZR1
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and then all of a sudden say no no no we're going to get more High Wings we kind of wondered how that was going to happen but the rumor is a new carbon
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fiber supplier is out there and we really hope that's the case of course Z6 is consistently being on some sort of
7:31
constraints over its Arrow since production started in October 2022 we think these initial ZR1 ORD will be very
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high for the high Wings we think split window coups and the high Wings will be in much Demand on these first orders that go in we're hoping that this is the
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case and they actually get rid of this constraint once and for all okay do we have final pricing yet for the ZR1 well
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we were waiting if you remember you know when the configurator first came out it would say see your dealer for details
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right and that was because we did not have the gas guzzler tax yet that final piece finally came in last week and that
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gas guzzler tax is going to be $3,000 which actually is the same for the ZO6 so many of people are saying wow that's
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a bargain yeah I was expecting $ 44800 or so but it's $3,000 we had that
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confirmed from Chevrolet and now if you go to the zr1's build and buy configurator it's fully functional you
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will see your build price is summary at the top right hand corner and then in the line items you'll see gas go are tax
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$3,000 actually also cleaned up the configurator remember they had that stray piece of carbon fiber showing up
8:34
in the wheel wells those are all gone now you don't see the erray radiator cooler there on the front of the car
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that's gone so it looks like the configurator is up and running and fully functional now and of course gas guzzler is going to cost you $33,000 on the ZR1
8:47
how about that not bad also GM has changed the retention policy on the ZR1
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to one year haven't they yeah so again we had just a slate of information coming out on the ZR1 and we think it's
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just because it was that order cycle that really triggered all that right so yeah dealers finally got the form that
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shows the vehicle retention program for Corvettes still shows that the ZO6 and the eay are subject to buyers owning
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that car for six months but the new policy for the 2025 Corvette ZR1 is that owners now must hold that car for a year
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and if they don't and they sell it before then of course they will be blackballed by GM and not allowed to order any future high demand vehicles
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and the car that is sold will no longer be covered by a warranty not real big fans of this policy as doesn't do
9:29
anything to limit additional markups from dealers that add price to the car this is not something that we're fans of
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we did see some innocent people caught up in it with the Z6 we think there's a better way to do it we just not quite
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sure how to do that yet yeah that's the case it's a one-year ownership program for the ZR1 there will be consequences
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if that car is sold before that yep definitely all right also Keith I see that Corvette won the Kelly Blue Book
9:52
best resale value award that's some good news yeah this is always good news so first place again in the 23rd annual
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Kelly book 2025 best resale value Awards Corvette does very well in the sports car category in fact this was the sixth
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consecutive year for Corvette winning its category Chevy sports car also is a member of the top 10 cars for the best
10:12
resale value Awards coming in at number two on the list and it shows that Corvette's 5year resale value is at 61%
10:19
of its original sticker price the only one above that was at 64% Good Times there for Corvette and a good story to
10:25
hear that we're retaining our initial value it's always good to get those Awards especially from places is like Kelly Blue BL isn't it absolutely it's
10:31
based on these cars holding their values very well it's not subjective like oh I really like my car it's a market based
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resar right that's good also buddy we have two service related stories first of all GM has recalled some c7s from
10:44
2017 about a power steering issue what's going on with that yeah I guess this problem involves a bad printed circuit
10:51
boards that can cause intermittent open circuits and that triggers a charm and alerts the driver there's going to be a
10:56
sudden loss of power steering so and it's the power steering assist so it's not the full power steering it's just to
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help you out affected owners are actually going to get a letter probably in early May 2025 dealers have been
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notified there is a recall uh web page set up at Chevrolet that you can always check by sticking your VIN number in
11:13
there feel free to do that but letters are going to come in May this is actually an expanded recall this car was
11:18
under recall for the same issue before but they just said you know what we've got to expand it it also affects owners
11:24
of 2016 through 2018 Cadillac cts's the 2017 Cadillac ATS and the 2017 Chevrolet
11:31
Camaro pretty big news there for 2017 corvet owners the Second Story we had is a technical service bulletin for 2024
11:38
and 2025 Corvettes over a door water lot apparently there could be a bad front side door water deflector inside the
11:45
door and what that does is it doesn't drain the water correctly water is actually getting into the cabin if you
11:50
noticed water where your emergency door handle pools are on the sides if you see water down there feel water look mildewy
11:57
or smells you could have a water leak there they'll check it out for you if they think your car is affected they'll
12:02
fix it for you under warranty if it actually is leaking cool that sounds good all right buddy that's a lot of news isn't it I tell you what there just
12:10
no stoping we had the plant closed for two weeks and we had all this news coming out exactly yeah that's crazy
12:15
well let's take our first break when we come back Corvette racing and Corvette rumors are on Deck here on Corvette
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docomo Steve Garrett with me is my partner in crime Keith cornette every other week we talk about what's
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happening in the world of America sports car in the second segment we cover Corvette racing and Corvette rumors
16:29
Keith let's start with racing first tell me how Corvette racing did at Sebring the last race was at the 12 hours of
16:34
Sebring and unfortunately all four Corvettes in the race ran into some kind of trouble that kept him out of Victory Lane the number three Corvette Z06 gt3r
16:42
would finish in seventh place while the number four Corvette finished in ninth the number three car was in great position in fourth place with under two
16:48
hours to go but was forced a pit to fix a broken right rear suspension part the number four Corvette was probably the
16:55
stronger of the two cars for most of the race but it was forced to stop to repair and a mandated scrutineering logger that
17:00
caused us to go three laps down so little issues like that in the course of the race that caused us to lose laps and
17:06
put us down the standings there in GTD we had the dxdt Corvette finished eighth in class while aa's racing they came off
17:13
their win at Daytona they took a huge hit during a restart with less than three hours to go and that dropped them to 10th in class between March breaking
17:20
and getting whacked on restarts the Corvette just didn't do all that great at Sebring this year Corvette Racing's
17:26
next event is the IMA Weather Tech sports car championship at Long Beach Grand Prix that's a street circuit April
17:32
11th and 12th this race is only for the GTD class and not GTD pros and then also the top GTP prototype class will race
17:39
there just two classes racing at Long Beach that's cool speaking of that Long Beach race Tommy Milner's going to make
17:45
an appearance for us isn't he yeah he's back with dxdt racing he'll be joined by Robert wickens and the number 36
17:51
Corvette Z6 of course Robert we've talked before he's a paraplegic after an indie car crash in 2018 and so he's
17:57
using hand controls from Bosch on the car Tommy helped do the testing of that system back at the roar before the 24 we
18:04
actually found out there's a button on there that is used to activate the pedals of the car for when Tommy's in the car that same button then will
18:10
activate the acceleration and braking controls on the steering wheel for when Robert's driving this is actually Tommy's second go around with dxt racing
18:17
you know he was one of their drivers last year and they had that incredible stit at the GT World Challenge America
18:22
Series where they had eight consecutive wins in the Corvette with Alec udal good history there glad to see Tommy back and
18:29
of course Tommy's excited because he hasn't been able to run at Long Beach for a couple years because the way they split the classes up right he'll be part
18:35
of that field this year and he's looking forward to it also speaking of the GT World Challenge America series I know
18:41
Callaway Corvette is going to race their C7 gt3r there aren't they yeah and this is kind of fun I almost feel like it
18:47
we're seeing an old friend again this is the Callaway Corvette C7 gt3r it first started racing I believe in 2015 so this
18:54
is its 10th year of racing they got a veteran driver m schultes I believe is name Mishu Motors
19:01
guy's like 65 and just been racing forever he's real excited to be back in the car he raced Callaway before the
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first race actually happened over the weekend so we don't have the results yet but you can also see the GT World
19:12
Challenge America series will be racing at Long Beach in April as well as with the Indie Cars and then imsa so look for
19:18
him there that's cool all right in the rumors category Keith I saw transports leaving Bowling Green assembly plant did
19:24
they have zr1's on there yes they did now we don't know when these pictures were Tak because the plant has been
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closed down but yeah a guy on Facebook captured an auto transporter leaving the bowling green assembly plant with two
19:35
high-wing zr1's on it now we know there zr1's because they weren't wrapped in the white transport covers that we
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usually see but they did have window stickers attached so it seems like GM's not using the transport covers when
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they're shipping their captured test fleet cars that's what we think these These are okay the other point to make about these zr1's being transported is
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that with Jack Cooper out of the picture you know GM is using a variety of different shippers to transport cars we
19:58
know noted on this one that there were only nine cars on the load as opposed to like the 10 that we always saw with Jack
20:03
Cooper we actually thought it was due to size restrictions and the differences of the trailers versus the Jack Cooper
20:09
trailers but to use a little bit of my friend John's terminology a little birdie might says that it's more due to
20:15
the weight of the cars as opposed to the number of the cars oh something actually to watch there and of course if you get
20:21
a couple eays on that you know you've got even a little bit more of a heavier load so a little something interesting to watch there that's something that
20:27
we're used to with Corvettes about weight being an issue but we do know that the cars have bulked up a little bit during the C8 era as people like
20:34
both the power and performance of the car but they also like their luxurious rides and the benefits they get from
20:39
that the cars are a little heavier and of course batteries don't help that's true very true also we saw a ZR1 at Port
20:45
Wilmington and it's on the way to the Middle East yeah for a car not even a production yet we're seeing a lot of
20:51
these cars just popping up here popping up there this comes again from Facebook the C8 Corvette owners and Friends group
20:57
specifically a guy was was at the Port of Wilmington in Delaware where a 2025 Corvette ZR1 high-wing Coupe in hysteria
21:03
purple metallic was being shipped overseas now there was a build sheet there that showed it was the number 24
21:08
capture test Fleet ZR1 build it does show that it was headed for the Chevy Arabia market so either Dubai or Saudi
21:15
Arabia is where it will most likely end up because we think it's a show car we do know that there are some shows up in
21:20
Dubai that could most likely be its final destination there and it's in your color too oh it looks good looks good
21:26
that's awesome all right buddy final break is coming up next after the break we're going to get to the fun side of
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or just give them a call 833 63942 3 1 I'm your host Steve Garrett
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with me is my buddy Keith cornette from Corvette blogger just remember if you want a deeper dive into any of the
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stories we cover you can always go to Corvette blogger.com in this final section we always cover the fun side of
25:11
Corvette first of all Keith GM has donated a 2024 Z6 to the New Jersey
25:17
community colleges Auto Services Program wow that's nice that they donate a car but it's a 2024 yeah and I really like
25:24
that Chevrolet does this obviously they are training the next generation of the guys that are going be working on our cars you got to have the experience to
25:30
do that so they donated a 2024 Corvette Z6 it was valued at over $150,000 I
25:36
think it had maybe 400 miles on it so it was a CTF car that was being used at one point they donated it to the Brookdale
25:42
Community College in lmof New Jersey that of course will be used to train the technicians of their automotive services
25:48
educational program some of these guys will be hired by General Motors to work in dealerships at some point it's great
25:54
they're getting that experience now and can say yeah I actually worked on a Corvette Z6 back in the day that's pretty darn cool this next story buddy
26:01
first it's on then it's off I don't know what to believe so Chevrolet said that there were some Corvette stolen from the
26:07
Bowling Green assembly plant and then they said we had ZR1 stolen but then they said there weren't ZR1 stolen
26:13
what's the real deal okay so this was a crazy story it happened over the weekend maybe two weeks ago it was discovered
26:19
that eight Corvettes were stolen from the Corvette assembly plant through a hole that was cut in the fence and then the Corvettes were stashed at various
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apartment complexes around Bowling Green like or eight miles away you know down a couple exits on the highway even thanks
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to some quick work by the Warren County Sheriff's Department they discovered the first car put it into motion to get in
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touch with the Bowling Green police department and the assembly plant that's how they discovered that up to eight cars were stolen what was crazy though
26:44
was in a photo there was a photo going around a Bowling Green Facebook page that showed a red ZR1 at the scene where
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there was a cop and they were loading up cars initially it was believed that the ZR1 was one of those cars that was
26:56
stolen but it was actually driven to the scene of the recovery by a plant employee so that's why we thought there
27:02
might be Z1S there we did see that a whole bunch of z6s were taken though and that was one of the interesting things
27:08
that we caught is that obviously with the wings on the car they were grabbing those and when the police found them they still had like all the window
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stickers and everything on them we heard from a Chevrolet rep who confirmed that no Z1S were taken it's a crazy case
27:19
though because the break in the case came from a Tock driver who was contracted to haul at 2017 Corvette
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Michigan so when he gets the scene to where he's going to pick up this car there's this 21-year old black guy with
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three 2025 Corvettes with window stickers on him still the tow truck driver said you know this is really
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peculiar this is just something not Ry noticed a couple of the cars had damage to their front bottom faes of the car
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the driver called it in police arrived actually there's a quick foot chase through a parking lot but they did get their suspect and then of course the
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value of the cars estimated to be stolen was about $1.2 million wow I think a majority of them were the higher end
27:58
cars that were taken from the plant but they did catch them all the guy was quoted as saying if I would have made it
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back to Michigan I would have been paid big so unfortunately he didn't get back
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to Michigan and he's still going to pay big this time in the big house yeah there were some additional suspects there they do have them on video they
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were like dropping off these cars at different apartment complexes hopefully it just won't stop with this one suspect
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that was arrested that hopefully they'll get his companions as well yeah crazy story crazy story yeah and you know this
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is actually a trend that that we've seen you say to bank robbers why do you rob banks well that's where the money is but
28:31
we've seen assembly plants and dealerships over the last two or three years really targeted by sophisticated
28:38
thieves who can get in then get these cars out of there usually disable any tracking devices and then sell the cars
28:43
on the black market the fact that they did catch these guys so quickly is just a testament to some really quick police
28:48
work and then some really dumb criminals maybe yeah exactly we also saw executive chief
28:54
engineer Tony Roma on Jay Leno's Garage he was talking about not only Corvettes but Cadillacs too yeah it was mostly to
29:01
talk about the Cadillac cts-vs they were had Jay's car there I think he's got a 2008 CTSV he says he just really loved
29:08
the car back in the day and this is where Tony Roma was the guru of the V series he started as an engineer on the
29:14
V series but he ended up as the executive chief engineer of the vs series programs before he joined the
29:20
Corvettes Jay did actually sneak in a couple Corvette questions to him one of them he asked about the CTSV was like a
29:26
four-seater Corvette and took that as a compliment said you know they're really two different cars and they're designed
29:31
for two different kinds of drivers I was kind of hoping we'd get a little bit more transition into are we going to hear something about a four seat
29:38
Corvette or maybe a Corvette SUV that question didn't come but the second question Jay did ask is if the Corvette
29:44
May ever be a standalone brand and this is a little bit interesting Tony replies that yeah there's a lot of talk in the world about that and that's all I'm
29:50
going to say on the subject wow he really shut down that line of question quick if you remember Mark Roy GM
29:56
president was on Jay Leno's Maybe last year talking about ZR1 and Jay asked him the same question and Mark said we'll
30:02
never let Corvette outside of Chevrolet it's our halo that kind of thing it's interesting that though that these questions still come up and again
30:08
there's still rumors out there of a Corvette SUV and possibly a four- seat Corvette that still might be in the
30:13
works we're not real sure where that process is at this point but you never know you never know that's for sure also
30:18
buddy our final story this is really cool the National Corvette Museum is doing some preservation work on a 53
30:24
Corvette do you know what Vin it is I think it's number 26 okay of 300s but what more importantly
30:30
is this was the very first Corvette donated to the NCM it was donated back in 1992 by Ray quinland who was with the
30:38
ncrs it was the ncrs that was pushing to create a library in archives the
30:43
National Corvette Museum is what came of that effort originally it was just going to be a library in archives until Ray
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quinland donated this 53 Corvette in which they said well I guess we'll do a museum as well and look where we've come
30:54
since then yeah this car has had a huge role in creating the museum and so they're going back and just doing some
31:00
preservation work on it not really a full restoration but it looks like the car is going to get repainted they're cleaning up some stuff that was done
31:07
previously on it and making sure that this car is going to be around for additional generations to enjoy at the
31:12
National Corvette Museum pretty cool there they actually worked on these cars within the facility itself so visitors
31:17
as we're there for the bash hopefully will be able to see this car being some worked on of course they're also working on Zora's car as well that 74 Corvette
31:24
that was donated cool stuff there happening in 1953 Corvette we got to keep those around absolutely I'm looking
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forward to seeing that car that's really cool I love it well buddy thanks for being back on Corvette today coming up a
31:35
couple program notes next week we celebrate the career of Kirk benan just like we did with Haron Charles oh very
31:41
nice and then like I said our next Corvette news and headline show coming up in two weeks will be the beginning of
31:47
year number six for Corvette today wow that's amazing Steve congratulations again thank you buddy take care I'll see
31:53
you in two weeks all right I'm headed to Spring Mountain so if you see me out Spring Mountain keep waving [Music]
31:59
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