Chevrolet Corvette in Mumbai

Chevrolet Corvette for sale in Mumbai (India)

Are you currently in the market to buy (or sell) a Chevrolet Corvette in Mumbai? Vehiclus studied the used car market of all cities in India to determine a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Corvette (or to make sure to not be overcharged when buying a Chevrolet Corvette) it is useful to know all value-determining variables.

Supply and Demand of Chevrolet Corvette on the local auto market

Mumbai is a metropolitan area with 12691836 inhabitants. Nevertheless, there are usually not many Chevrolet Corvette on the market. Therefore, the supply is low and the demand depends on a multitude of factors for example season, brand popularity, and brand competetivness.

Price Devaluation Curve of the Corvette in Mumbai

As seen below, cars of the manufacturer Chevrolet and especially of the model Corvette devaluate in a very average manner. The average asking price of the Corvette will be lowered by 14% ($40,177) after just one year. After 3 years, the car usually costs only 61% of its original asking price ($28,554) while it will only be worth 32% of the MSRP after 7 years ($13,121). The Corvette's value after 12 years is only 11% of its initial price depending on its condition of course.


Depreciation according to vehicle mileage

Another way to describe vehicle depreciation is to examine the loss of value vs mileage. The Chevrolet Corvette depreciation curve below illustrates this phenomenon for Mumbai. The Corvette looses most of its resell price (approximately 47%) within the first 30k km driven. The mean price for a Corvette at that usage level is ca $26,027. After that the devaluation slows down: at 90k km the Chevrolet Corvette is priced for $14,860 in Mumbai and for $7,643 at 180k kilometers .

Chevrolet Corvette price depending on condition (fair, good, excellent)

The last factor that significantly influences the price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Chevrolet Corvette according to its year and its condition.

Vehicle Year Chevrolet Corvette Condition
fair good excellent
2017$31,416$38,350$45,284
2016$27,627$33,725$39,823
2015$24,107$29,428$34,749
2014$20,856$25,459$30,062
2013$17,873$21,818$25,763
2012$15,159$18,505$21,851
2011$12,714$15,520$18,326
2010$10,537$12,863$15,189
2009$8,630$10,534$12,439
2008$6,991$8,533$10,076
2007$5,620$6,861$8,101
2006$4,518$5,516$6,513
2005$3,685$4,499$5,313
2004$3,121$3,810$4,499
2003$2,826$3,449$4,073
2002$2,799$3,417$4,035

Enter vehicle make, model and city of interest:


Lancia
Flavia
starting at
$7,117
in Thiruvananthapuram (IN)
Hyundai
IX20
starting at
$4,835
in Aligarh (IN)
Suzuki
Wagon
starting at
$8,462
in Mubi (NG)
Chevrolet Corvette variations:
CORVETTE COUPE C6 V8 6.0L
CORVETTE
CORVETTE CABRIO C6 V8 6.0L
CORVETTE V8 5.7L BVA
CORVETTE COUPE C6 V8 6.0L BVA 6
CORVETTE CABRIOLET V8 5.7L BVA
CORVETTE COUPE C6 V8 6.0L BVA
CORVETTE CABRIOLET V8 5.7L
CORVETTE CABRIO C6 V8 6.0L BVA 6
CORVETTE COUPE C6 V8 7.0L
CORVETTE V8 5.7L