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Chevrolet - Corvette (1988)
Looking for the fastest, most iconic muscle car on the roads of America? The Chevrolet Corvette is the answer. Whether you’re wondering about the Chevrolet Corvette price for the latest model or reminiscing over the roaring 1988 era, this guide brings you the essential facts you need to make an informed decision. In the world of performance cars, cheapest or most expensive tags don’t always reflect the value engineered by Chevrolet’s engineering team. Here’s a comprehensive rundown that covers specs, depreciation, and market positioning, all structured for easy reading.
- Model Year: 1988 (or any year currently available in the used market)
- Engine: 5.7‑liter V8 or later 6.2‑liter V8 (depending on model)
- Horsepower: 250 hp (1988) up to 650 hp (2023 high‑performance packages)
- Torque: 265 lb‑ft (1988) to 710 lb‑ft (2023)
- Transmission: 4‑speed manual (1988) or optional 9‑speed automatic (current models)
- Fuel Type: Premium gasoline (87–93 octane)
- Weight: 3,500–3,800 lb
- Dimensions: 187.9 in (L) × 75.9 in (W) × 50.0 in (H)
- Drivetrain: Rear‑wheel drive or all‑wheel drive (AWD) in recent iterations
- Brakes: Ventilated disc front; drilled disc rear (all‑round performance)
- Suspension: Hydropneumatic shock absorbers with adjustable ride height
- Top Speed: 190–200 mph depending on trim
- Acceleration 0‑60 mph: As fast as 3.0 seconds for the 2023 Z51 package
Those key spec points above help you see why the chevrolet corvette price can vary considerably. A pristine 1988 Corvette that has been professionally restored will command a premium in the used market, whereas a drivetrain that has seen extended use might come at a more economical price. The marketplace balances a car’s irreplaceable brand heritage with its maintenance history, and that’s reflected in how you’ll locate the “chevrolet corvette price” and “used Chevrolet Corvette price.”
Depreciation: How the Corvette Retains Value
Cars are living assets—they lose value, sometimes unexpectedly fast. As a general rule, high‑performance vehicles lose 15‑20% of their market value in the first year alone. The Chevrolet Corvette depreciation topic has always fascinated collectors, and recent data shows that classic models (like those built from 1979‑1989) often hold their value better than newer ones simply because of age, rarity, and historical significance.
| Year | Estimated Depreciation in First Year (%) | Estimated Depreciation in 5 Years (%) | |||
| 1988 | ≈18% | ≈50–60% | |||
| 2018 (New) | ≈17% | ≈55–65% | |||
| 2023 (Latest) | <
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