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Chevrolet

Chevrolet - Corvette (2004)

Introducing the Chevrolet Corvette—the legendary American sports‑car that first roared onto the scene in 1953 and has since captivated enthusiasts around the globe. Whether you’re riding the pulse of a brand‑new machine or dreaming of a more affordable 2004 version, the Corvette remains an iconic name in performance and design. In this segment we’ll walk you through the “Chevrolet Corvette price” landscape, explore the specific door‑to‑door experience of the 2004 model, and give you a realistic framework for understanding “Chevrolet Corvette depreciation” across time.

For owners and buyers alike, the value of a used Chevrolet Corvette depends on a blend of engine power, condition, mileage, and supply versus demand. Questions such as “what is a 2004 Chevrolet Corvette worth?” or “used Chevrolet Corvette price” can be answered by examining comparable listings and current market trends, all while keeping an eye on how fast the vehicle’s value tends to erode.

  • Engine: 5.7‑liter LT1 V8 (2004) or 6.2‑liter LS1 V8 (Later 2004)
  • Power output: 400 hp (2004), 420 hp (Rev‑amped versions)
  • Transmission: 6‑speed manual or 4‑speed automatic, depending on trim
  • Drivetrain: Rear‑wheel drive, all‑wheel drive variants in the wire‑frame generation
  • Fuel type: Regular or premium gasoline (95 octane recommended)
  • Dimensions: Length 188.3 in, Width 74.7 in, Height 49.2 in, Wheelbase 124.2 in
  • Weight: Approximately 3,600 lb (2,720 kg)
  • Cabin: 2‑seat coupe, coupe with a narrow “curved roofline” that accentuates aerodynamic efficiency
  • Suspension: Independent sport suspension, variable‑rate shocks; optional upgraded struts for racing or high‑performance use
  • Brakes: Dual‑disc front with ventilated rotors, single‑disc rear; high‑performance braking systems available in more recent models
  • Exterior colour options: Classic “Cobalt Blue”, “Green Field”, “Ceramic Red” and many more bespoke paint choices

Servicing documentation and a clean title significantly affect the used Chevrolet Corvette price. However the most fundamental metric remains depreciation. Understanding how a 2004 Corvette stands on the resale ladder is key to making a wise purchase or investment.

Depreciation Insight

In the first year after purchase, a new Corvette typically loses between 15 % and 20 % of its original MSRP—mainly due to the immediate drop in novelty and the inclusion of a large dealership discount. After that, depreciation slows but still remains meaningful:

  • Years 1–3: Approx. 30 %–35 % total loss relative to original price
  • Years 4–7: Loss tapers to roughly 40 % of the initial value, with annual drops around 8 %–10 %
  • Years 8–12: Value stabilizes; annual depreciation falls to 5 %–7 %
  • Beyond 12 years: The vehicle may retain about 25 %–30 % of its 2004 price, depending on condition, mileage, and rarity of the specific model

For example, a 2004 Corvette in excellent shape with low mileage might command roughly 60 %–70 % of its original listing price today. This is consistent with the data that “Chevrolet Corvette depreciation” is steeper during the first few years but then levels out, making older models viable for collectors who value historic significance.

Comparison Context

When you compare the Chevrolet Corvette’s value to similar sports cars, you’ll find: