Vette prices
Thread Starter
Race Director
Joined: Jun 2000
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From: Hurst, TX USA
Vette prices
My Corvette Day to Day calander says that the 1966 base price was $4084 and I know my loaded 1970 vert cost me just over $6000.
So I ran the numbers through an inflation calculator and in 2003 $$$ that becomes $22,773 and $28,771. Looks like new Corvette prices have about doubled in today's $$$ since the C2/C3 era.
My bit of Vette trivia for the day...
So I ran the numbers through an inflation calculator and in 2003 $$$ that becomes $22,773 and $28,771. Looks like new Corvette prices have about doubled in today's $$$ since the C2/C3 era.
My bit of Vette trivia for the day...
Racer
Joined: Nov 2003
Posts: 458
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From: Wickliffe OH
The cost of governement mandated EPA regulations and safety equipment is a large part of the increase. However, there is also a lot of benefit from the use of computers that are used to operate the vehicle. Consider also the improvements in suspension, tires, wheels, HVAC, sound system and interior trim. Cars are far better than they were 30-40 years ago.
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Safety, evironmental and labor costs have added much to that rise in price.
Pro
Joined: May 2004
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From: springfield va
Lets not forget the cost of the UAW and the benifit packages. There is very little relationship between the cost of producing a car and the cost at point of purchase these days. It is often determined on "what the market will bear". Just my .2 worth 
Instructor
Joined: Aug 2004
Posts: 186
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From: Columbus Ohio
I read somewhere, Autoweek I think, that GM pays somewhere north of $1500 per car sold just to fund the pensions of current retirees. That figure is expected to go to $2400/car in the not so distant future. That figure wasn't a factor in the '60s. Makes you wonder where this is headed.
Safety Car
Joined: May 2004
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From: Naples Florida
Originally Posted by drmgoat
I read somewhere, Autoweek I think, that GM pays somewhere north of $1500 per car sold just to fund the pensions of current retirees. That figure is expected to go to $2400/car in the not so distant future. That figure wasn't a factor in the '60s. Makes you wonder where this is headed.
Le Mans Master
Joined: Jan 2001
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From: Maryville TN
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Originally Posted by BobH
Lets not forget the cost of the UAW and the benifit packages. There is very little relationship between the cost of producing a car and the cost at point of purchase these days. It is often determined on "what the market will bear". Just my .2 worth
It's simply what the market will pay.
Tom
Pro
Joined: Jul 2004
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From: Fullerton California
Originally Posted by BigJoe
My Corvette Day to Day calander says that the 1966 base price was $4084 and I know my loaded 1970 vert cost me just over $6000.
So I ran the numbers through an inflation calculator and in 2003 $$$ that becomes $22,773 and $28,771. Looks like new Corvette prices have about doubled in today's $$$ since the C2/C3 era.
My bit of Vette trivia for the day...
So I ran the numbers through an inflation calculator and in 2003 $$$ that becomes $22,773 and $28,771. Looks like new Corvette prices have about doubled in today's $$$ since the C2/C3 era.
My bit of Vette trivia for the day...
nice study!
what i'm really concerned by reading your thread is the fact that the minium wage rate has NOT been increasing (not even close) as with the "actual" inflation rate. The inflatioin rate in numbers have always been off from the actual "feel" economy. The "feel" economy has been tough for all of us. All the luxuary I can have including my new Corvette wouldn't have been possible without the workers at all level...and probably everything else i have.
Thank you everyone!
Last edited by Antonio BananaS; Sep 17, 2004 at 09:07 PM.
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Joined: Dec 2003
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From: Texas
Originally Posted by drmgoat
I read somewhere, Autoweek I think, that GM pays somewhere north of $1500 per car sold just to fund the pensions of current retirees. That figure is expected to go to $2400/car in the not so distant future. That figure wasn't a factor in the '60s. Makes you wonder where this is headed.