silverja

As a current C4 owner, I decided to look into purchasing a new 2019. The deals appear amazing. 17% discounts on 2019 Stingray models! What's intriguing is that a new 2019 Stingray can be purchased for around $45K. This is only $5K more than what my 1996 LT1 cost new. Seems like there is a major bargain happening now.

One has to wonder how this will impact current C7 and even C6 owners. Why buy a used C7 or C6 without a warranty for not much more or even less than a new one? As an avid Corvette owner for more than 40 years, I have never witnessed such amazing deals on new Corvettes. After tomorrow's C8 reveal, it may be very difficult to move the many remaining C7's still available for new buyers. Even lower prices may happen. Prices for C6 and C7's may not look good for those trading in on the new C8 models. Chevy may have to offer additional incentives that will result in lower the current C7 prices. GM and dealer financing is also very appealing. Now looks to be the best time ever to buy a new Corvette.

This current pricing has caused me to change direction and no longer be interested in buying any used C6 or C7 Corvettes. The price difference is simply unattractive for buying used models. This seems crazy for new Corvette prices.

Your thoughts and observations are appreciated.

vader86

I got 16% off in December for my GS. Still a whole lot more than 45K. But if you just want to get into a Stingray, its time to buy.

Tom400CFI

The C7 doesn't have the content and tech that the C4 did (relative to their respective era's), so it's not surprising to me that it's so attainable. Relatively speaking, it's a cheaper car.

silverja

Interesting observation. Never heard it put that way. Less will cost one more over time. But the gain in performance is amazing with the C7.

silverja

Congratulations on your new GS. Love those ones. Saw a blue and red GS convertible in Florida. May have been my personal all time favorite. Enjoy.

FAUEE

Did people pay full MSRP in 96? The base MSRP for the C7 is like 57k, the 45k numbers are with hefty discounts (and usually stacking several incentives that most dont qualify for).

The C7 is really no faster than the C6. It's a little bit, but isnt as big as the jump from c5 to c6. Plus you have the unreliable 8 speed auto, the carbon build up issues,

The C7 has also been this cheap for a while, since the 16s came out at least. People just are talking about it more because "the C8 is coming".

I may be biased, but if I was spending 40 to 50k, I would get a used C6 over a new low spec C7.

Also worth nothing, the 96 C4 started at 37k MSRP. So you're saying your fully loaded car vs a stripped out discount stacking new car.

RollaMo-LT4

You can't compare sticker price of one model to the discounted price of another one.
Sticker vs Sticker and the difference is quite a bit more than $5,000

Tom400CFI

Why can't you compare them? If the '96 was sellable at rack rate....and the C7 simply isn't? Why can't you compare actual numbers? Aren't actual numbers what really matters?

I agree with FAUEE that there is a discrepancy comparing a loaded '96 to a stripper '19. Still interesting to see the numbers though.

ShagVette

17% discount now, soon it will be 20+% Some say 25% off MSRP might be available once the C8's start showing up at dealers.

Other than getting a certain color/trim and options, why would you buy used when you can get new for about the same price?

silverja

Probably not. But they were not discounted as much. Just curious. Not putting down any generation. Just talking dollars.

silverja

Just dollars to dollars comparison. Nothing else. Prices look very attractive today.

silverja

The 2019 Stingray has some nice features that were optional in the past. For someone as me who likes to take cruises on nice days, the 2019 Stingray meets my desires. And a solid vale.

silverja

My thoughts too. I do not recall the 1962, 1967, 1982, 1996, 2004, or the 2013’s having similar discounts as the ending 2019 model.

84 4+3

There are quite a few sitting on the lots that they probably want to move. C6 wasn't a huge seller the last year and thus there weren't as many sitting on the lots. My buddy has 4 at his dealer only 1 Z06. They've been there a while.

FAUEE

13s did. But we also dont KNOW that 19s are the ending model. GM also is in a much worse position overall than it was in 1996. Much stiffer competition, and less people who are diehard buyers.

vader86

2013s had some big discounts, similar to what we are seeing now. Pretty sure 2004s had some discounts but no memory of how deep they were.

Tom400CFI

I remember they couldn't get rid of the end of the C6 inventory...and the final year sales figures were terrible; ~10,000 car IIRC?

jmeyer58

Time is a tough mistress so I pulled out my sales paperwork. I bought my '96 new in the spring of '97. The dealer had stocked up on vettes because the C5 allotment was based upon sales of the '96's. The dealer was down to 8 left to sell and I got it for $30k and change with a sticker of 39,173. Works out to about 22% off if my math is right. C7's are a great deal and If I hadn't just bought my wife a car I might consider a new vette.

car addict

Asking prices are not that low in my area. Cheapest I've seen is $49,900 with all the discounts. Most asking prices in greater St Louis area are still 60-75 K.

pacoW

I've been lucky enough to drive both '96 auto & '19 auto, hard.....like I stole 'em hard. Cheaper car? LOL, what a joke.