02 zl1's

[GRB]

I think most of the appreciation will come for the 427 cars. Like all muscle cars they won't truly increase in value for 10-20 years when cars like that are no longer available. It takes time. Remember the original 69 ZL1s wouldn't even sell new. So, appreciation, if any, will come somewhere down the road.

The reason I bought one is (in my humble opinion ) I think the last generation of Z28/SS Camaros is vastly unappreciated. And I love the car.

[JChlupsa]

#2 02 ZL1 is on Ebay right now

[GRB]

How much?

[gemleeus]

its at 50k right now, west chevrolet shows to have a silver one for 125k

[02whiteragtop]

West chevrolet actually has a white phase 3 ZL1 on the showroom floor, for approximately $ 110k. This was supposed to be Steve West's personal car but I assume that if he can make about $28k over sticker, he will part with it. As for the silver car, it was picked up from his dealership at the same time the above stated white ZL1 was delivered. It was my understanding, that the silver ZL1 was sold and being transported back to GMMG for phase 3.

Back to the original question, I was wondering the same thing. My car is a 380hp and I have thought about upgrading to the phase 2 package but, I am reluctant to spend the extra money, if somewhere down the road it would not payoff in the value of the car how.

[mc25t190]

I love mine, the most fun car to drive in the world. i feel they will increase more initially than any other car in its class, ie viper, vette. the long term benefits of the car will be enormous. the 69 zl1's were $7200 new, now $300,000. The phase III ZL1, repainted, @ $92,000 will appreciate over 33 years at the same adjusted rate of 41% would put it at $3,833,640.. Will it go to that ? will it appreciate, MOST DEFINITELY!!!!!!

[PATRICKJOINER]

i love mine too.... the upside is tremendous!! the few that have sold, outside buying the car direct from the dealer (sometimes) at sticker, they have sold for 20K over sticker & more... especially the phase III cars... just a neat car..

[matt murphy]

The West Chevrolet White ZL1 #53 was sold and built as a Phase 3 car and before it was finished, the customer couldn't come up with the money, and backed out. It was finished as a Phase 3 for Steve Wests own collection. He then sent his Silver #54 ZL1 here to get a Phase 3 done to it after driving the white one. He now has two in his collection, but told me that he would sell either one and keep the other one.

As for the future or immediate investment for these cars, it is hard to say. If collectors and performance minded people are out there looking for a 4th gen Camaro to put away, I think our cars among others are going to be in demand. It seems that the Phase 2 cars were in big demand to either buy from the dealers new, or second hand from the customers (we have built about 80 Phase 2 cars to date (6 in the past month) and 535 Camaros and Firebirds overall since 2000). Recently it seems that the Phase 3 option has been the big request and so far in the last year we have built 50 Phase 3 cars. 42 ZL1's and 8 more either HotRod cars, Berger SS cars, or 35th Anniversary Performance Edition cars. As most of you know, we only work on cars we have built for the dealers, and not street cars . . . sorry. So if you own a GMMG car ( www.gmmginc.net ), you can send it back to get a Phase 2 or Phase 3 upgrade.

I don't like comparing our cars to the Bergers, Yenkos, Nickeys, Motion, etc, cars of the 60's, but I think you can compare the way people are ordering the GMMG cars of today to the way they collect those cars, in that people want more options and or whatever is available on them. Phase 3 with the roll cage, etc. seems to be the latest interests. It is hard to build cars today that will sell at retail at the dealership level and then sell even higher after the owner purchases it and then decides to sell it. Knowing a bit about the 60's and 70's high performance Chevys and what makes them collectible is the formula we have used here. Ad the Chevy involvement, and the Dealer involvement and the Engine upgrade packages and the fact that the Camaro and Firebird are gone (for a while I hope), all these have aided in the collectibility of our cars. I also think you can look at the packages we put out and see that the GMMG cars try to hit on every aspect, not just performance or appearance, but both and then some. It helps when you have GM supporting you, and helping out, and the dealerships supporting these cars and helping out. A lot of the success of these cars has to do with timing, but I also believed that people would buy a modern day dealer muscle car if it was done to the formula of the 60's, and so far we are all having fun.

Everyone has asked us where do we go from here . . . well, we aren't going to Disney World just yet . . . We have a few projects that we will be doing this year that will have most gearheads and collectors rearranging their finances . . . Stay alert as we will be releasing some news soon . . .

[gemleeus]

WOW, i know who you are. you own gmmg, i spoke with you on the phone after finding out about these cars on the net. you were so nice in spending a good deal of time with me explaining your cars, you turned me on to the west chevy site concerning the two cars they had for sell. thanks again for being so personable and approachable. i live behind your place off canton rd. thanks for being a part of this forum, makes it nice to know someone as yourself is a part of the supercar forum here, (not meaning to sound giddy). i think your efforts have brought other producers of high performance cars into the ring. shelby and his efforts with the eleanor, gt350r, and cobra. some company out west produced a plymouth gtxr- don't think its for sale though, but i'm sure its coming, and now ford is about to unveil its gt car, and its a mammoth. by the way, i visited the west site a couple of days ago and the silver zl1 showed to still be for sale? thanks again for your great efforts in producing the 02 zl1.

[sYc]

[ QUOTE ]
. . . We have a few projects that we will be doing this year that will have most gearheads and collectors rearranging their finances . . .

[/ QUOTE ]

Is this why #3 sold recently, #2 is on Ebay, #1 has been been offered up for sale, and a couple of other phase 3 cars can be bought for right around cost?