Trade-in Value is what consumers can expect to receive from a dealer for a trade-in vehicle assuming an accurate appraisal of condition.

The first generation of Corvette was introduced late in the 1953 model year. Originally designed as a show car for the 1953 Motorama display at the New York Auto Show, it generated enough interest to induce GM to make a production version to sell to the public. First production was on June 30, 1953.

A Corvette comes with a factory invoice of about $47,300 for a Base model and an MSRP of about $50,600. The Grand Sport trim level adds about $7,000 to the vehicle's MSRP while the Z06 adds another $20,000. The top-of-the-line ZR1 has an MSRP of about $36,000 more than the Z06.