The previous buyer suddenly changed his mind.
This could potentially be a great deal for anyone wanting a 2015 Chevrolet Corvette Stingray Coupe. It's certainly not the most exotic high-performance sports car out there. Plenty of other used examples also exist, but this one has an interesting backstory. According to New York State's Democrat & Chronicle, this 2015 C7 is set to be auctioned off again on July 26. Again? What happened before?
The car was actually stolen a few years ago from an out-of-state dealership. Its then-owner attempted to register it with the NY Department of Motor Vehicles but the system flagged it. Turns out its vehicle identification number had been changed.
The report doesn't say if that owner was aware they were trying to register a stolen vehicle. State officials then contacted the dealer the Vette was stolen from but they weren't interested in taking it back because insurance already covered the value. This made it possible for the state to auction it off to the highest bidder.
And this brings us to last month. June's online auction received a top bid of $32,300, which is about right on the used market. It also only has 31,320 miles and appears to be in top condition. It's a solid bargain if you ask us.
But the winning bidder backed out at the last minute and the sale was not finalized. So Empire State officials hope to try again in a couple of weeks' time. Like all C7 Stingrays, this one comes powered by a naturally aspirated 6.2-liter LT1 V8 that's good for 455 horsepower and 460 lb-ft of torque. Because it's a second model year C7, it has the better eight-speed automatic transmission instead of the one model year-only six-speed slushbox. Of course, the standard six-speed manual is preferable.
Given this C7's low mileage and apparent maximum value of around $30,000 to $33,000, the lack of a manual is a very small price to pay.