Chevrolet Corvette C5
The C5 Corvette introduced the legendary LS V8 and a sophisticated new chassis, offering performance that still impresses today. It's widely considered one of the best performance bargains on the modern classic market.
Find one with Spotter →Chevrolet Corvette C5 sold for a median of $19,050 over the last 12 months, based on 215 auction sales; the middle 50% sold between $14,300 and $23,375. 6,692 currently for sale.
Listings
Introduced for 1997, the C5 Corvette was a clean-sheet redesign that brought the model into the modern era. Its hydroformed steel frame was significantly stiffer than the C4's, and the rear-mounted transaxle created a near-perfect 50/50 weight distribution. Under the hood, the new all-aluminum 5.7L LS1 V8 provided 345 hp and proved to be a durable and tunable powerhouse, establishing a new foundation for GM performance that continues today.
The most collectible C5 is the Z06, launched in 2001. Initially offering 385 hp from its LS6 engine, it was boosted to 405 hp for 2002. It also featured a fixed-roof-coupe body style for maximum rigidity, upgraded suspension, and a titanium exhaust. Other notable models include the 2003 50th Anniversary Edition and the 2004 Commemorative Edition, which celebrated success at Le Mans.
The C5 market is a sweet spot for enthusiast buyers. With an average price around $22,000, it offers huge performance for the money. Base coupes and convertibles are plentiful and affordable, making them excellent entry points. Pristine, low-mileage Z06s command a significant premium, especially the 405 hp versions, but they still represent a great value compared to contemporary European sports cars.
Buying Tips
- The EBCM (Electronic Brake Control Module) is a common failure point and can be very expensive to replace. Check for any ABS or traction control warning lights.
- Look for harmonic balancer wobble on the front of the LS1 or LS6 engine. It's a known issue that requires a time-consuming repair.
- Check the pop-up headlights. The plastic gears in the motors wear out, causing them to stick or operate slowly. It's a common and relatively easy DIY fix.
- The steering column lock can fail, preventing the car from starting. Verify if the factory recall has been performed or if an aftermarket bypass has been installed.
- Battery acid leaks are a major concern, as the PCM is located directly below the battery tray. Inspect the tray and the area below it for any signs of corrosion.
Prices range from under $10,000 for high-mileage drivers to $161,000 for pristine, low-mileage Z06s.
15,479 Chevrolet Corvette C5 vehicles have been tracked across auctions and listings on Hypercars, with 6692 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Chevrolet Corvette C5 cost?
Over the last 12 months, Chevrolet Corvette C5 sold for a median of $19,050 across 215 auction sales tracked on Hypercars; the middle 50% sold between $14,300 and $23,375. There are 6,692 currently for sale.
How many Chevrolet Corvette C5 listings are for sale right now?
There are 6,692 Chevrolet Corvette C5 listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.