A familiar crowd welcomes a wildcard For the first in Premier Financial Services history, a Chevy Corvette has become one of our top-10 leased cars. Technically, it tied for that honor with the #9 Ferrari SF90 and #8 Mercedes-Benz G63 AMG. It’s not a surprise, as we are talking about the eighth-generation Corvette (“C8”), the […]
Mercedes-Benz, through its Mercedes-AMG performance division, has launched a new AMG GT coupe, after discontinuing the successful original 2015-2023 model. The king of the hill in that original run was the AMG GT Black Series, a track machine with few peers. For those who put down a deposit for the hyper-limited $2.7 million AMG Project One hypercar, Mercedes also offered the opportunity to buy an AMG GT Black Series Project One Edition for nearly $400,000. Just 25 were believed sold in the U.S., and RM Sotheby’s Miami sale in March is offering one, with a pre-sale estimate of $550K-$700K.
The Corvette is going electric! This fall, customers start taking delivery of the quickest Corvette ever, the E-Ray hybrid. Combining combustion and electric power, the E-Ray is designed to deliver the ultimate street Corvette experience. Just as the 2020 mid-engine Sting Ray realized a Corvette layout first promised more than 50 years ago, the E-Ray’s all-wheel drive delivers on legendary Corvette engineer Zora Arkus-Duntov’s vision and experiments with all-wheel grip for the Vette even before that. The E-Ray is available in coupe and convertible models, starting around $105,000. A full electro-Vette is in the pipeline, too.
What does $400 million buy today? It was enough to take home about 1,200 of the world’s finest collector cars offered at the 2023 Monterey auctions held from August 17-19. That was down from $475M in 2022, and the sell-through rate was lower, too. Just the same, some stellar automobiles traded hands in Monterey at auctions held by Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s. The top sale was a 1967 Ferrari 412P racecar for $30.2M at Bonhams, while a 1957 Jaguar XKSS, one of just 16 made, was #2 at just over $13M.
Revered by Corvette enthusiasts, the 1963 Sting Ray, especially when equipped with the fuel-injected 327 engine, remains a legend among the car’s 70 years of production so far. The radical new design covered a new, more advanced chassis than the first-generation Corvette had, and both performance and refinement edged closer to the European GTs. Sales soared, and the “fuel-injected Sting Ray” ended up in pop songs. Gooding & Company’s Pebble Beach Concours d’ Elegance® auction is offering a multiple-award winner with a pre-sale estimate of $250K-$300K.
Can a track-focused sports car be too track-focused? That’s what one major auto magazine suggested after testing the BMW M4 CSL, a special lighter, more powerful version of its M4. While the “lesser” BMW M4 Competition xDrive model (which is not a competition car, btw) is quicker in some acceleration tests, the 40-hp more powerful, 240-pound lighter, $58,000 more expensive M4 CSL is the faster car around the kind of private membership tracks whose clients this car is intended. You’ll pay for that capability with reduced comfort in everyday driving, but would you care?
Pioneering Corvette chief engineer Zora Arkus-Duntov would have been thrilled to see the new-generation mid-engine Vette comparing favorably with far more expensive sports cars. And he would have been floored to see the new-for-2023 Z06 version called “an American Ferrari” by a leading automotive magazine. Lapping a racetrack faster than all but a handful of exotics and priced from $110,000 to nearly $180,000 with all options, the Corvette Z06 has indeed “arrived” in a new echelon of the performance car world.
Of the 38,762 1969 Corvettes made, just two were built for sale with the legendary ZL-1 427 cu.-in. race engine. One of those was a convertible. The original owner campaigned it for three years before storing it until 1989. Then, after 15 years of shows and some competition, it went to a second owner, who had it restored by the world’s top Corvette restoration shop. RM Sotheby’s estimates the next owner will pay up to $3M to take the car home from its Scottsdale auction.
The first mid-engine Corvette is finally going into production in February. The $59,995 base price seems almost unbelievable until you remember that Chevrolet will make it up in volume.
