A camaro marked with an "X" describing it's cancellation.

GM’s Decision to Cancel the Next-Gen Camaro

General Motors officially halted development of the seventh-generation Chevrolet Camaro in early 2025, despite earlier rumors of a revival. The sixth-generation model, discontinued in 2024 after declining sales and shifting market priorities, leaves a void in the muscle car segment.

GM Authority reported that the project lacked a strong business case, with insiders noting the proposal was “blown apart” during review. While GM hints the Camaro’s story isn’t over, the future remains uncertain, leaving enthusiasts and owners questioning its legacy and value.

Immediate Impact on Resale Value

  1. Scarcity-Driven Short-Term Gains:
    Discontinued models often see a temporary spike in value due to perceived rarity. For example, fourth-gen Camaros (1993–2002) rose in value during the pandemic, and similar trends could emerge for the final sixth-gen models (2024).
  2. Long-Term Depreciation Risks:
    Without new models, Camaros may face steeper depreciation as buyer interest shifts to EVs or competing muscle cars like the Dodge Challenger. Historically, Camaros depreciate 5–15% annually, but discontinuation could accelerate this for non-specialty trims.
  3. Parts Scarcity & Repair Costs:
    Limited OEM parts production post-discontinuation could inflate repair costs, worsening diminished value claims. A 2024 Camaro with accident history lost $12,160 in value despite repairs, per DVGA data.
  4. EV Market Pressure:
    Georgia’s EV adoption (e.g., Hyundai’s Metaplant) and Tesla’s dominance may reduce demand for gas-powered Camaros, further depressing resale values.

Case Study: A 2024 Camaro’s Diminished Value

A Savannah, GA, owner of a 2024 Camaro SS recovered $12,160 in diminished value after an accident. Key steps included:

  • USPAP-Compliant Appraisal: Documented pre-accident ($60,800) vs. post-accident ($48,640) values.
  • Negotiating with Insurers: Leveraged Georgia’s 17C formula (capping payouts at 10% of pre-accident value) to secure fair compensation.

Long-Term Outlook for Camaro Owners

  1. Classic vs. Modern Models:
  • Classic Camaros: First-gen (1967–1969) and rare editions (e.g., Z/28) appreciate due to collector demand.
  • Modern Camaros: Post-2010 models risk faster depreciation without GM’s support, especially base trims.
  1. Repair Stigma:
    Accidents slash resale value by 15–30% in Georgia, as buyers avoid vehicles with Carfax-reported damage.
  2. Market Trends:
    The shift to EVs and political reversals on emissions targets may revive interest in V8 models, but uncertainty lingers.

Action Steps for Camaro Owners

  1. Secure Appraisals: Use USPAP-certified reports (like DVGA’s) to counter insurer lowball offers.
  2. Prioritize OEM Repairs: Maintain factory parts to minimize repair-related depreciation.
  3. Monitor Market Shifts: Track EV adoption and legislative changes affecting gas-powered car demand.

“The Camaro’s discontinuation isn’t just the end of a model—it’s a wake-up call for owners to protect their investment in a shifting market.”

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Raphael Schossler
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