AllFlash

From our friend Owais at Gateway in Brampton...

Please don't shoot the messenger but prices went up as of Feb 4th. I just saw the bulletin. All orders submitted by end of day Feb 3rd got price protection.

2dr Coupe $57,315 increase to $59,495 price protection of $1,886
Convertible $62,695 increase to $65,245 price protection of $2,206
2dr Coupe - Z51 $62,695 increase to $65,245 price protection of $2,206
Convertible - Z51 $68,070 increase to $70,995 price protection of $2,530
2dr Coupe - Z06 $85,095 increase to $86,995 price protection of $1,644
Convertible - Z06 $90,595 increase to $92,745 price protection of $1,860

Bob Holinski

Wonder if this will increase Canadian allocation?

AllFlash

It doesnt look like it. I have asked my contacts at GM and they continue to say that there are no such plans. Who knows though right?

squalo3

This information is accurate, U.S. base pricing up $1,000 and Canada base pricing up $2,180, and both websites have also been updated.
I hope anyone without price protection cancels their order to send GM a strong message, "don't tick off your customers, and make fools of them"

I'm getting sick and tired of these antics by GM since the introduction of the C7. They present the best Corvette ever made, according to them, at an amazing price, then implement consistent price increases mid-model year. Now the price has climbed back up to where the base C6's started at.

Just my rant:
I can't believe GM is acting this way, and I hope they start losing customers, especially the loyal ones, for this type of business tactics. They seem to have forgotten the turmoil that this company was in a short time ago, with the government bailouts, etc.; how soon they forget that they're lucky to still be around.

Patman

I don't think it matters since it's virtually impossible to order a 2015 in Canada right now anyhow.

0Rob@ChampionMotors

Glad my car is getting built next week

0Rob@ChampionMotors

My dealer still has two left for allocations.

ontcanuck

Considering my 2010 was listed in Canada for $ 104,000 back in 2009 so the new C7 is a bargain, at that time I bought mine GS in the USA brand new for $ 61,500. Back then $ 95,000 is the best deal I could get in Canada. A C7 Z06 convert. is still cheaper then my GS

1500cc

I suppose we should have known the C7's $52k 'introductory' price was too good to last, especially now that the loonie has tanked. But almost $7k in increases over 18 months does seem a tad ridiculous.

AllFlash

He was correct. One cannot order a Z06 in Canada right now, short of paying exorbitant premiums, rates of exchange and US and Canadian taxes inclusive. What is the pricing and specs on these two Z06s?

Patman

Looking at it that way makes it seem bad, but don't forget that the base price on the C5 and the C6 was higher than $60,000, so the C7 is still a great deal when you consider that. And don't forget how much higher a new Porsche or Viper costs.

squalo3

I agree with both of you, but it's the way GM is doing things that is wrong. I think it's more the principle than the price, although the increases in price is a factor too, and unjustified.

Once again, GM continues to exhibit the fact that the customer is not important, and they do things to keep THEIR pockets full.

Jon04CTSV

You are going to see manufacturers adjust pricing because of the exchange rate. Our dollar is worth less, no way around it. GM has taken a much smaller increase on the truck side relative to Ford.

Do the math with the exchange, it is still cheaper up here than getting it from the U.S. Availability is a different story. Trust me, there is no one in GM Canada saying "hey let's sell less Vettes."

1500cc

Well, there's probably no right answer. While the C6's base price was higher, it was also being discounted by up to $10k. So the drop in MSRP looked to be GM 'right sizing' their pricing so as not to have to toss so much cash on the hood and destroy residual values. I guess I give GM too much credit.

That said, GM will still sell every C7 in Canada at those prices that they bring up here. Restricting supply will do that. If they didn't raise prices here they'd likely be inclined to reduce supply even more to keep them in the US where they'll sell at comparatively higher prices.

It'll be interesting to see what happens in a couple of years when demand for the C7 levels off all over.

1500cc

They need to do something to get their Canadian sales in gear ... GM being in third place well behind Chrysler and Ford. I don't know if pricing is to blame since I haven't shopped a new vehicle in a while, but something's wrong. I know the death of Pontiac really hurt GM Canada since Pontiacs would often outsell their Chevy counterparts, but still, they've had 6 six years to adjust.

AllFlash

Considering the price increase we are seeing, I will bet there will be yet another come March/April. Right now, GM is losing $9500 US by selling a base Coupe Z06 in Canada vice the US. If you were GM, what do you the answer for this is? Limiting inflow was definitely the best thing they have done from a business sense yet...as much as we hate it. GM could have also went higher pricing yet.

0Rob@ChampionMotors

Sorry two allotments are stingrays and not Z06s.

Jon04CTSV

GM has been gaining share. It has to be done the right way, which means being sustainable. Chrysler will finance anyone and bury them in negative equity. They will also send brand new Rams to auction just to report them as sales. Market share is important but it cannot come at the expense of long term sustainability.

squalo3

Jon,

Thanks for your insights on the business side of this subject.
It's nice to hear you back on the forum, and hope all is well out west, we miss having you around the GTA.

b4i4getit

I don't think there will be any more price increases in Canada for a 2015. The way I see it those that want a car have already ordered it or are going to import one from the US. With the 2016 model coming out in July that would be the right time to raise the price if at all. Like the C6 Z06 get ready for some used C7 Z06 models to be imported by dealers just as the 2016 is released. I remember a few years ago when most Z06 models on dealer lots were US spec vehicles that the dealer imported.