C-8,cheaper than our cars new..

[fred]

Originally Posted by rush91

Something tells me they are going to build more than 6939 C8s over a 6 years span, and that the C8 won't hold any endurance records 26 years after it's release.

The C4 and the C8 can be compared, just base car to base car.....Both were radical departures for their time. Both created a huge amount of buzz and sales for GM. The C4 had new amounts of tech and it was a world beater at the time. Just like the new C8 will be. And when GM got around to giving the C4 a hotter model, we all know how that turned out I see a lot of similar things about the launch of the base C4 and C8.

One of the best analysis I've heard!

[spork2367]

Originally Posted by Z51JEFF

I don’t know about most of them but I do see values for C7 going in the toilet.

C5s, C6s, and C7s for sure. C4s are about at rock bottom again now, so they might not drop that much.

[DRM500RUBYZR-1]

Initially, I anticipated a dramatic drop in C-7 prices.
It actually began to happen back in March and April.
Lately however, C-7 wholesale prices have begun to stabilize.
Some have theorized that with the C-8 production spoken for, many buyers will not want to wait almost a year to get a new or nearly new Corvette.
Chevrolet dealers continue to discount their remaining 17, 18, and 19 NEW cars that they still have in inventory.
But some who go to auctions for used C-7's are noting the firmer prices.
Sounds plausible, but could be other factors as well.
Word has it that some Chevrolet dealers are buying used C-7's just have some Corvette representation if their C-8's are pre sold.
I have fielded many calls from C-7 owners looking to sell 14-18's, but they are taken aback when they see the prices of ones that are actually selling.
Interesting times for sure.
Marty

[Paul Workman]

Originally Posted by DRM500RUBYZR-1

Initially, I anticipated a dramatic drop in C-7 prices.
It actually began to happen back in March and April.
Lately however, C-7 wholesale prices have begun to stabilize.
Some have theorized that with the C-8 production spoken for, many buyers will not want to wait almost a year to get a new or nearly new Corvette.
Chevrolet dealers continue to discount their remaining 17, 18, and 19 NEW cars that they still have in inventory.
But some who go to auctions for used C-7's are noting the firmer prices.
Sounds plausible, but could be other factors as well.
Word has it that some Chevrolet dealers are buying used C-7's just have some Corvette representation if their C-8's are pre sold.
I have fielded many calls from C-7 owners looking to sell 14-18's, but they are taken aback when they see the prices of ones that are actually selling.
Interesting times for sure.
Marty

Great post! Thanks, Marty.

[spork2367]

Originally Posted by DRM500RUBYZR-1

Some have theorized that with the C-8 production spoken for, many buyers will not want to wait almost a year to get a new or nearly new Corvette.

I can see that happening in the short term for sure.

[lfalzarano]

Pricing of the Ho-Hum standard rocket sled...
https://www.corvetteonline.com/news/...now-available/


Sent from my iPhone using ZR-1 Net Registry

[WARP TEN]

Originally Posted by DRM500RUBYZR-1

Initially, I anticipated a dramatic drop in C-7 prices.
It actually began to happen back in March and April.
Lately however, C-7 wholesale prices have begun to stabilize.
Some have theorized that with the C-8 production spoken for, many buyers will not want to wait almost a year to get a new or nearly new Corvette.
Chevrolet dealers continue to discount their remaining 17, 18, and 19 NEW cars that they still have in inventory.
But some who go to auctions for used C-7's are noting the firmer prices.
Sounds plausible, but could be other factors as well.
Word has it that some Chevrolet dealers are buying used C-7's just have some Corvette representation if their C-8's are pre sold.
I have fielded many calls from C-7 owners looking to sell 14-18's, but they are taken aback when they see the prices of ones that are actually selling.
Interesting times for sure.
Marty

A good analysis. Many would be sellers don't realize that when new cars are heavily discounted, that lowers the trade in and retail prices of similar used cars. Conversely, if there is a very limited supply of new cars, the prices of used cars will stabilize rather than continue to drop. --Bob

[ZR1North]

Now that the option prices are available, I built the C8 Stingray as I would order it, and it prices out at $83,215. The Z51 suspension was the most costly option at $5,000, with the highest-cost interior (3LT), "front lift" option (to protect the splitter) and performance exhaust being the other most significant options cost wise ($1,895, $1,495 and $1,195 respectively). It's a lot of car for $83K.

The ZO6 is rumored to be coming in no more than two years. It is supposed to be powered by a twin turbo version of the LT2 in the Stingray. It is reported to produce approximately 730HP.

The Zora (or ZR1) is rumored to be coming about two years after the ZO6 with about 1,000HP using the same twin turbo as in the ZO6 complemented by electric motors up front.

These products will make for an incredibly strong Corvette line up designed, in part, to attract the next generation and those of us that have an interest in adapting. Even if the ZO6 and Zora are in the $100K and $150K ranges respectively, these are still high-value priced cars relative to the sports car market.

I did the Black Hills Corvette Classic in July, and I was surprised (pleasantly) by the significant number of young people (30s and 40s) that were there and participating in the events (autocross, drag racing, 0-60, road tours, etc). If GM's intent was to attract younger buyers with the C7, that sure seems to be working. That said, I was also pleased to see the demographic at the Gathering in BG this year as well, with more and more younger people in C4s. In general, anything good for Corvette is good for the 4th generation and our ZR-1s as well.

All that said, I am looking forward to taking the ZR-1 for a spirited run this evening - IT NEVER GETS TIRED.

It's a great time to be a car person!