Hoping C7 will cause C6 prices to drop! (Merged)
01-10-2013, 09:32 AM
#23
Instructor
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Of course the C6 prices will drop... There are a lot of really informed and smart car guys that hang out here on the forum... there are 10 retirement cruisers, status symbols, and keeping up with Jones' Vettes out there for every one of the guys and girls who really appreciate and DRIVE their cars. That reason alone will cause decline. On top of that, while the C6 is an outstanding performance platform and a good looking car, it is FAR from perfect (see: Interior, Seats, general quality control). The C7 should and probably will be a much better built car (fit and finish of other GM products has improved greatly) with an interior on par with where it should have been for years. Add to this the new, more powerful base engine on a lighter platform (less than current Z06 weight) and you have performance potential that will exceed the high marks set by the C6. It is certainly true that a lot of people will wait to purchase until after the first MY and that there will be a crowd who wait on the Z... But Z's represent a fraction of Vette owners. There will be PLENTY of C7 Vettes rolling off the lot and, after all, we should be hoping that this is the case... that GM got this new car right and that the great heritage of the car will continue for another generation to grow up with.
FOOTNOTE: Owned a C5Z... looking to get into a C6 in the near future so please don't take this as C6 bashing because I think it's a great car. Just trying to make a point.
FOOTNOTE: Owned a C5Z... looking to get into a C6 in the near future so please don't take this as C6 bashing because I think it's a great car. Just trying to make a point.
01-10-2013, 09:34 AM
#24
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C6 of Year Finalist (appearance mods) 2019
We will have to wait and see.
My feeling is there will be the normal early buyers who have to have the latest and greatest. Then the rest of us will take about a year for the C7 to grow on us.
So I do not see a price drop till the second production year of the C7, if at all.
I owned a C5 when the C6 was introduced and did not fall in love at first sight. I did fall in love with my first test drive though and have been DD them since.
I hope the C7 knocks my socks off and that my C6 holds its value. I want it all!!!
My feeling is there will be the normal early buyers who have to have the latest and greatest. Then the rest of us will take about a year for the C7 to grow on us.
So I do not see a price drop till the second production year of the C7, if at all.
I owned a C5 when the C6 was introduced and did not fall in love at first sight. I did fall in love with my first test drive though and have been DD them since.
I hope the C7 knocks my socks off and that my C6 holds its value. I want it all!!!
01-10-2013, 09:54 AM
#26
Team Owner
The best thing that can happen for C6 prices to stay up is if the C7 is a big hit. The longer C7's go out the door at or near list, the better used Corvette prices will hold up. Used prices are directly proportional to what a new one sells for, regardless of whether it is a new generation or not.
01-10-2013, 10:04 AM
#27
Safety Car
Based on what I’ve seen of the C7 thus far, I got to believe the value of my ’13 will increase.
Only time will tell.
Only time will tell.
01-10-2013, 10:09 AM
#29
Safety Car
01-10-2013, 01:14 PM
#32
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Not sure I see the logic here. The C7 will be lighter, faster, and more refined than the C6. This conversation happens every time a new generation is launched... and every time, the new car "grows" on everybody and before you know it, the discussion ends itself. Of course, until they leave the factory, everything is conjecture but stating that a nearly 10 year old platform is going to increase in value in the shadow of a new generation of Vette doesn't seem like a good bet to me. ALso consider the number of cars that will be traded toward the C7 in the first couple years of production... So not only do you have a decrease in demand due to a new model, but you have an increase in supply because of trades or private sales. Do some math. It may take a few months but prices WILL drop. You can already find low miles LS3 cars for around 30 grand as it is!
01-10-2013, 04:13 PM
#33
Racer
01-10-2013, 06:18 PM
#34
Safety Car
Not sure I see the logic here. The C7 will be lighter, faster, and more refined than the C6. This conversation happens every time a new generation is launched... and every time, the new car "grows" on everybody and before you know it, the discussion ends itself. Of course, until they leave the factory, everything is conjecture but stating that a nearly 10 year old platform is going to increase in value in the shadow of a new generation of Vette doesn't seem like a good bet to me. ALso consider the number of cars that will be traded toward the C7 in the first couple years of production... So not only do you have a decrease in demand due to a new model, but you have an increase in supply because of trades or private sales. Do some math. It may take a few months but prices WILL drop. You can already find low miles LS3 cars for around 30 grand as it is!
01-10-2013, 07:23 PM
#35
Le Mans Master
I too noticed Kerbecks discounts on new Vettes are substantially lower than they were prior to Jan 2. Glad I bought when I did in October!.
I don't believe we will see substantial discounts on the C6 when the C7 is introduced. Keep in mind the C7 will have a price increase and few if any will be discounted for the first year.
I don't believe we will see substantial discounts on the C6 when the C7 is introduced. Keep in mind the C7 will have a price increase and few if any will be discounted for the first year.
Last edited by Supersonic 427; 01-10-2013 at 07:26 PM.
01-10-2013, 07:23 PM
#36
Race Director
Of course the C6 is NOT going to increase in value….but then again a new ’13 C6 that I purchased back in October would cost me $3,500 more if I purchased it today. Some say it would cost $5,500 more if you factor in the loss of the 1.59 financing. Right now I’m enjoying my C6 and I don’t have any intention of acquiring a base C7 so resale value for me is not much of an issue.
How do you come up with your pricing numbers?
01-10-2013, 07:55 PM
#39
Racer
In December Kerbeck had a base coupe for 41692 with the loyalty rebate it was 38692. You could get 1.59% financing if you qualified (credit wise). The current price with the loyalty discount is 42337 (diff of 3645). If you take advantage of the 1.59% financing add another 2000 to the 42337 number. So the least price increase is 3645 if you choose the low financing the increase is 5645.
01-10-2013, 10:54 PM
#40
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A great thread. Every contributor has given the subject considerable thought, and every last one has made valid points. This restores my faith in the average Corvette owner, who at times on this Forum has frankly not appeared too swift.
Corvette sales got hammered in the last four years because it is a toy, and apparently many who bought them were using their highly inflated home equity for financing leverage, which suddenly disappeared. The C6 Corvette especially the LS3, however was the high water mark in styling, value, and performance. Faults?, yes, but nothing that couldn't be corrected with aftermarket mods and/or knowledge imparted on the Corvette Forum, a phenomenal resource for enthusiasts. The C7? Well we are all now all speculating. However, I suspect it will fail for the same reason many other rather good cars have failed to sell well. At introduction the marketing types decide the company should introduce the new model with the smallest engine that will be available, and then "extend" the product life cycle of the car by introducing "improved", higher performance models with more horsepower. Problem is, if the initial model falls flat on it's face, as I suspect the C7 will, mostly due to a really stupid attempt to provide a uniform thread of styling throughout the product line, in this case everything from the Cadillac down through Buick, and into Chevrolet models, the same idea which gave birth to the GM chicklet on every GM car, even their European models, nobody will give a damn if later models have more horsepower. Problem is, GM styling is still very iffy, as it has been for the last fifty-five years, some good, some really bad. For instance, the Chevrolet Camaro is widely considered by many to be a rather ugly cartoon car. And now it seems they may "carry over" the hideous Camaro *** end to the the Vette, for the sake of "corporate uniformity", for for the sake of attracting younger buyers, whose idea of styling is a ricer with a big hood scoop and fart car exhausts. By the time they fix that double-ugly rear end on the Vette, and increase the horsepower to former levels, now enjoyed by the lowly Camaro, the Corvette may well have died due to GM marketing stupidity.
Corvette sales got hammered in the last four years because it is a toy, and apparently many who bought them were using their highly inflated home equity for financing leverage, which suddenly disappeared. The C6 Corvette especially the LS3, however was the high water mark in styling, value, and performance. Faults?, yes, but nothing that couldn't be corrected with aftermarket mods and/or knowledge imparted on the Corvette Forum, a phenomenal resource for enthusiasts. The C7? Well we are all now all speculating. However, I suspect it will fail for the same reason many other rather good cars have failed to sell well. At introduction the marketing types decide the company should introduce the new model with the smallest engine that will be available, and then "extend" the product life cycle of the car by introducing "improved", higher performance models with more horsepower. Problem is, if the initial model falls flat on it's face, as I suspect the C7 will, mostly due to a really stupid attempt to provide a uniform thread of styling throughout the product line, in this case everything from the Cadillac down through Buick, and into Chevrolet models, the same idea which gave birth to the GM chicklet on every GM car, even their European models, nobody will give a damn if later models have more horsepower. Problem is, GM styling is still very iffy, as it has been for the last fifty-five years, some good, some really bad. For instance, the Chevrolet Camaro is widely considered by many to be a rather ugly cartoon car. And now it seems they may "carry over" the hideous Camaro *** end to the the Vette, for the sake of "corporate uniformity", for for the sake of attracting younger buyers, whose idea of styling is a ricer with a big hood scoop and fart car exhausts. By the time they fix that double-ugly rear end on the Vette, and increase the horsepower to former levels, now enjoyed by the lowly Camaro, the Corvette may well have died due to GM marketing stupidity.
Last edited by laconiajack; 01-10-2013 at 11:07 PM.