The Economy and your racing plans
#1
Le Mans Master
Thread Starter
The Economy and your racing plans
So, with the economy the way it is right now, and things being uncertain in many job sectors, how many people are re-thinking their level of competition this year?
I bought the Z06 to Autocross this coming season, and things have slowed enough @ work where I've started to think about my abilities to travel as far, or as much as I had planned back in August when I planned everything out.
Put off buying the extra wheels, tires, trailer and hitch until I know more about where the company is heading and might have to run a smaller-scale schedule this year, doing more local events, and maybe skipping events I was wanting to do. Have to check with my co-driver for some events as well.
Just curious as to what you guys and gals are thinking...
I bought the Z06 to Autocross this coming season, and things have slowed enough @ work where I've started to think about my abilities to travel as far, or as much as I had planned back in August when I planned everything out.
Put off buying the extra wheels, tires, trailer and hitch until I know more about where the company is heading and might have to run a smaller-scale schedule this year, doing more local events, and maybe skipping events I was wanting to do. Have to check with my co-driver for some events as well.
Just curious as to what you guys and gals are thinking...
#2
Race Director
Member Since: May 1999
Location: Plymouth MI Formerly Milford, MA MI
Posts: 14,267
Likes: 0
Received 1 Like
on
1 Post
W. Detroit Events Coordinator
Cruise-In VI Veteran
Cruise-In VII Veteran
Cruise-In VII Autocross Champ
So, with the economy the way it is right now, and things being uncertain in many job sectors, how many people are re-thinking their level of competition this year?
I bought the Z06 to Autocross this coming season, and things have slowed enough @ work where I've started to think about my abilities to travel as far, or as much as I had planned back in August when I planned everything out.
Put off buying the extra wheels, tires, trailer and hitch until I know more about where the company is heading and might have to run a smaller-scale schedule this year, doing more local events, and maybe skipping events I was wanting to do. Have to check with my co-driver for some events as well.
Just curious as to what you guys and gals are thinking...
I bought the Z06 to Autocross this coming season, and things have slowed enough @ work where I've started to think about my abilities to travel as far, or as much as I had planned back in August when I planned everything out.
Put off buying the extra wheels, tires, trailer and hitch until I know more about where the company is heading and might have to run a smaller-scale schedule this year, doing more local events, and maybe skipping events I was wanting to do. Have to check with my co-driver for some events as well.
Just curious as to what you guys and gals are thinking...
As of right now though I still plan to attend as many events as I did last year if gas stays at 1.50ish a gallon it should cut the cost of racing by 30% or so.
#3
Racer
The only difference between now and 6 months or 1 yr ago, is we are spending $150/mo on fuel instead of $400-$500. And the 401k/Roth are obviously down, but I'm 32 so it's paper money anyway. Just buy up more of it now while everything is on sale.
Tracking away in '09, just nailed down my first date yesterday
Tracking away in '09, just nailed down my first date yesterday
#5
Vetteless
Member Since: Jul 2004
Location: Gallatin TN
Posts: 732
Likes: 0
Received 0 Likes
on
0 Posts
St. Jude Donor '09
Well, we met with our realtor yesterday since we're selling this house and moving to San Diego. Had a bit of a reality check about timing and pricing of selling this place!
The only comps he could find were both on the market more than 400 (!!!) days and sold at a price/SF that would mean we're selling at a loss. That is really disappointing and will definitely affect our plans for next year. I hate to do it, but I'm considering implemting a "no races until the house is sold" rule - might have to since we'll be renting a house in SD while we're trying to sell.
So, it might slow us down a bit, but we'll definitely make enough races to qualify for championships and keep licenses current. And, assuming we can close a sale in 2009, we'll be in great shape in 2010!
The only comps he could find were both on the market more than 400 (!!!) days and sold at a price/SF that would mean we're selling at a loss. That is really disappointing and will definitely affect our plans for next year. I hate to do it, but I'm considering implemting a "no races until the house is sold" rule - might have to since we'll be renting a house in SD while we're trying to sell.
So, it might slow us down a bit, but we'll definitely make enough races to qualify for championships and keep licenses current. And, assuming we can close a sale in 2009, we'll be in great shape in 2010!
#6
Burning Brakes
My wheel to wheel racing in 2009 will be driven by when and where I want to race more than the economy. Trips to Mid-Ohio (9 hrs) and Watkins Glen (11 hrs), and Road Atlanta (6.5 hrs) are the only places I really care to travel to. VIR and High Rock (if built) are effectively local for me. Roebling Road in GA (6 hrs) is a possibility. At this point I expect to race in more events than in 2008.
Will be racing in NASA ST2 and SCCA ITE. The determining factors will be participation level of Corvettes in my class to race against, racing with people I know or have met, and the dates. I will travel, but these factors will determine whether I travel or not.
I am retired and racing is a hobby for me. I am not racing in any specific series or for a championship. Just doing it for fun: when I want to, where I want to, and if I want to. This makes it the most flexible, absolutely the most fun, and opens up a lot of possibilities for dates, tracks, and competition.
Ed
Will be racing in NASA ST2 and SCCA ITE. The determining factors will be participation level of Corvettes in my class to race against, racing with people I know or have met, and the dates. I will travel, but these factors will determine whether I travel or not.
I am retired and racing is a hobby for me. I am not racing in any specific series or for a championship. Just doing it for fun: when I want to, where I want to, and if I want to. This makes it the most flexible, absolutely the most fun, and opens up a lot of possibilities for dates, tracks, and competition.
Ed
#8
Race Director
Minimizing my track days w the Ferrari 512TR
Waiting to see what my mechanic says that my 1970 IMSA Vette needs will cost
engine rebuild
repaint
new wheels tires brakes
new race seat stering wheel
if thats all too much I'll just park the race cars and just track my 07 Z06road car
ride my bike more, maybe take up sailing a catamaran or kiteboarding
Waiting to see what my mechanic says that my 1970 IMSA Vette needs will cost
engine rebuild
repaint
new wheels tires brakes
new race seat stering wheel
if thats all too much I'll just park the race cars and just track my 07 Z06road car
ride my bike more, maybe take up sailing a catamaran or kiteboarding
#9
Le Mans Master
Thread Starter
ok, so mostly the people here all seem to agree that their jobs aren't the things driving thier plans... it was fuel costs... since most sound like they're retired, or just decently well off, it's a non-issue.
for those of us that still work and have jobs that are a bit dicey when the economy turns crappy, it makes a differnce.
for those of us that still work and have jobs that are a bit dicey when the economy turns crappy, it makes a differnce.
#10
Melting Slicks
Member Since: Feb 2007
Location: Highland Village TX
Posts: 2,800
Likes: 0
Received 1 Like
on
1 Post
I have a dozen HPDEs and 20 autocrosses, including Nationals in Lincoln, Ne. on my schedule. Retired, and fuel costs was my nemisis in 2008. Also tow with RV to overnight weekends unless it's cheaper to get a motel. I use my Corvette for HPDEs, and Honda CRX Si for autocross...
#11
Race Director
Member Since: Nov 2001
Location: sebring florida
Posts: 18,005
Likes: 0
Received 0 Likes
on
0 Posts
I race a spec miata so the pinch isn't bad, lol. my issue is having a 1 year old with another bun in the oven due in may/june--racing takes a back burner to the babies.
anybody doing the pboc 6-hour night race here in january?
anybody doing the pboc 6-hour night race here in january?
#13
Team Owner
Member Since: Feb 2005
Location: FL
Posts: 40,970
Received 320 Likes
on
152 Posts
CI-7-8-9-10 Veteran
Cruise-In IX AutoX Winner
St. Jude Donor '05-'06-'07-'08-'09-'10-'11,'19,'22
St. Jude/CI Name Tag Designer
I plan on running more in '09 than I did in '08. Gonna try my best to give the C6Z a good showing at nationals.
#16
Le Mans Master
Thread Starter
I work for a steel fabricator, so we're quite slow right now, but was assured that it's a temporary thing..
Most likely use the x-mas bonus ( hear we're getting one still ), for the stuff I need for the car for the whole season... then it's just buying tires all year.
I still plan on doing the Tours @ Dixie and Peru, and Toledo Pro plus nationals. 6 local events or so... was hoping to hit a few various regions as well, but those will be the 1st cut from the schedule if I have to.
#18
Melting Slicks
Member Since: Dec 2003
Location: Charlotte NC
Posts: 3,141
Likes: 0
Received 0 Likes
on
0 Posts
Ill know more once the wells/wachovia merger is a done deal, but right now I plan to race more events this coming year. Fuel prices down is a nice benefit, but really did not cause a huge jump in costs since I live close to many tracks and I run a mix of 100/93 in the car anway...Now if Hoosier could make a tire that lasted 8 race weekends with no performance drop
Oh, and if Wally could stop modding his car, I would be better off.
Oh, and if Wally could stop modding his car, I would be better off.
#19
Race Director
I haven't worked in 2 years......out business closed long ago due to outsourcing (all of our customers went under....Textiles). So we made a decision for me to stay home with our kids, and are living on a tight budget.
I'll stick to a very tight budget, just instructing when I can do it for free....or get paid..... and fix my race car when my savings rebounds or we sell some real estate. I highly expect it to be 5-10 years before my personal finances are back in a position where I have any disposable income (I take my kids college very seriously....and my kids are 2 & 4)
I'll stick to a very tight budget, just instructing when I can do it for free....or get paid..... and fix my race car when my savings rebounds or we sell some real estate. I highly expect it to be 5-10 years before my personal finances are back in a position where I have any disposable income (I take my kids college very seriously....and my kids are 2 & 4)
#20
Race Director
No trip to Pebble Beach weekend this year, No Ferrari Club Annual meet
I'll just hit a few big events in the NE and in FL
like Cavallino, Palm Beach Supercar Weekend,
http://www.italiancarsatpocono.com/ and
http://www.pocono-csd.com/index2.htm
I'll just hit a few big events in the NE and in FL
like Cavallino, Palm Beach Supercar Weekend,
http://www.italiancarsatpocono.com/ and
http://www.pocono-csd.com/index2.htm