Is the C3 Corvette ZR1 Really Undervalued?

It’s truly puzzling why this particular machine isn’t worth more than it is.

Bargain Collectible?

In the world of Corvettes, there are many rare, valuable, highly-sought after models, whether that be the iconic L88 or something a bit more common, like the one-year-only split-window. However, there is one particular type of Corvette that hasn’t exploded in value like some of these popular models – the C3 ZR1, which is a bit surprising.

Photos: Mecum Auctions

Super Rare

From 1970-1972, the C3 ZR1 was built in extremely limited quantities – just a total of 53, in fact, which makes it rarer than the L88 or even the 1963 Z06. That’s an incredibly low number by anyone’s standards, and the convertible versions are even rarer.

Photos: Mecum Auctions

Beefy Upgrades

The C3 ZR1 was also a special, performance-focused model like the L88, albeit not quite as hardcore. Upgrades present in this package include the J56 heavy-duty brake package, an aluminum radiator, upgraded shock absorbers, seven rear leaf springs, a 5/8-inch front sway bar, heavy-duty rear spindle struts, and a few other select goodies.

Photos: Mecum Auctions

Plentiful Power

Power comes from GM’s LT1 350 cubic-inch V8, which produces a factory-rated 370 horsepower – a pretty solid if not totally spectacular figure. It’s mated to the M22 four-speed manual transmission and sends power to the rear wheels via a 3.70-geared Positraction rear end.

Photos: Mecum Auctions

Undervalued?

Given all of this information, even casual Corvette fans might expect the C3 ZR1 to be worth hundreds of thousands of dollars, at the very least. However, that isn’t the case at all – in fact, data from Classic.com shows that this model sells for between $99,000 and $228,250, with an average sales price of $114,125.

Photos: Mecum Auctions

Making a Case

Those numbers seem ludicrously low, but then again, not many C3 ZR1s change hands very often, mostly thanks to its extreme rarity. It may not be the most powerful or hardcore or even legendary model in Corvette history, but the third-gen ZR1 certainly seems to be undervalued, particularly when other, more common models are trading for millions these days.

Photos: Mecum Auctions

For help with your maintenance and repair projects, please visit our How-to section in the forum.

Keyword: Is the C3 Corvette ZR1 Really Undervalued?

CAR'S NEWS RELATED

Corvette Will Become Its Own Brand, Add Sedan and SUV Models by 2025, Report Says

And Corvette purists won't like how GM plans to do it.

View more: Corvette Will Become Its Own Brand, Add Sedan and SUV Models by 2025, Report Says

5 Mistakes That Would RUIN a ‘Corvette’ Spin-off Brand Before It Even Gets Started

Adding an EV SUV and sedan to the Corvette brand could weaken the Corvette name if GM does not avoid these mistakes. 1. Fail to Elevate Chevy ‘Quality Control’ 2. Deliver Weak Design with Too Many Parts-Bin Leftovers 3. Lose Focus on Corvette’s Sportscar Heritage 4. Head Too Far ...

View more: 5 Mistakes That Would RUIN a ‘Corvette’ Spin-off Brand Before It Even Gets Started

5 Things GM Needs to Get Right if they Make ‘Corvette’ its Own Brand

Expanding the Corvette brand to include SUVs and sedans is risky and GM must get these things right to make it a success.  1. Any Future Corvette Must Compete with (and/or Best) Higher Priced Exotics 2. The Corvette Dealership & Warranty Experience Must Be Premium 3. Corvette Pricing Should ...

View more: 5 Things GM Needs to Get Right if they Make ‘Corvette’ its Own Brand

Corvette Z06 Z07: ‘The Best Sports Car I Have Ever Owned or Driven’

After breaking in his 2023 Corvette Z06 Z07, an owner describes GM’s supercar as “freakishly fast, responsive, planted, and head-turning.” The Spec Engine & Transmission Road Noise (Tires & Wind) Should You Opt for the Front Lift? Previous Driving Experience C8 Z06 Driving Impressions C8 Corvette Z06 Z07 Verdict After ...

View more: Corvette Z06 Z07: ‘The Best Sports Car I Have Ever Owned or Driven’

2023 Corvette Z06 70th Anniversary Edition Is Quite Stunning

This 2023 Corvette Z06 70th Anniversary Edition was acquired via museum delivery, which makes us rather jealous. Following a bit of a delay, the 70th Anniversary package is now available for the 2023 Corvette, adding a host of niceties to the C8 for $5,995. The package is also available ...

View more: 2023 Corvette Z06 70th Anniversary Edition Is Quite Stunning

Daughter Surprises Father With 1973 Corvette He Regrettably Sold

The father sold this 1973 Corvette in 1976 as he married into a family and adopted two more kids. We’ve all had cars that we once owned and sold, only to regret it years later. Oftentimes, we’re simply forced to part ways with those vehicles because of our current ...

View more: Daughter Surprises Father With 1973 Corvette He Regrettably Sold

Watch the Corvette Z06 Smoke a Porsche 911 GT3 in a Drag Race

The Z06 also makes quick work of an Audi R8, but gets beat to the quarter-mile by a 215-hp Ducati.

View more: Watch the Corvette Z06 Smoke a Porsche 911 GT3 in a Drag Race

Lamborghini Sterrato, Corvette Sub-Brand Rumor, And More: RAC #100

Plus, find out the vehicles going away in 2023.

View more: Lamborghini Sterrato, Corvette Sub-Brand Rumor, And More: RAC #100

Corvette EV, VinFast, Mercedes And EV Batteries: EV News Dec 2, 2022

Corvette Z06, Porsche 911 GT3, Audi R8 V10, And Ducati V4 SP2 Drag Race

VIDEO: Can the C8 Corvette Z06 Slay the Mighty Porsche 911 GT3 in a Race???

Corvette of the Year 2022: Vote for Your Favorite C7 NOW (& Congrats C6 Winners!)

1963 Corvette Z06 Big Tank Was Once Test Driven by A.J. Foyt

GM to Spin off Corvette Brand and Add Sedan, SUV to Lineup (NOT April Fools)

We Regret to Inform You Chevrolet Is Making a Corvette SUV

Corvette EV Standalone Brand Could Debut Electric Four-Door And SUV In 2025

Corvette to become a separate brand in 2025

General Motors reportedly creating electric-powered Corvette sub-brand

Corvette sub-brand reportedly starts with electric four-door and SUV in 2025

Corvette To Become Its Own Brand In 2025 With Multiple Models: Report

OTHER CAR NEWS

;
Breaking thailand news, thai news, thailand news Verified News Story Network