Corvette pricing
Thread Starter
Instructor
Joined: Feb 2007
Posts: 116
Likes: 0
From: Fort Myers FL
Corvette pricing
Has anyone noticed that the price of a loaded car has gone up substantially. I had a 2001 C5 loaded convertible with F55, Auto and the sticker on it was $53,000. Now the loaded convertibles sticker for almost $70,000. Almost a $17000 dollar increase in 7 years. Was the C5 that much more of a bargain, or is it inflation, or is GM raising the price to offset the almost $10,000 in incentives they offer now? What do you think?
Last edited by carnut2912; Dec 31, 2007 at 11:25 PM.
Race Director
Joined: Dec 2007
Posts: 19,574
Likes: 167
From: Frederick, MD
Inflation since you are talking 7 years which is a long time for the automotive industry. Also a lot of Corvettes these days are not selling near sticker which closes the gap a little. Add in more technologies and 7 years of government regulations, union battles and everything else and the price seems about right. Besides the new 4LT feature is a $4k option alone.
Team Owner
Joined: May 2004
Posts: 82,175
Likes: 1,319
From: McKinney TX
St. Jude Donor '21-'22-'23-'24
As has already been pointed out, it's been 7 years since your 2001 corvette came out, not 6. If inflation averaged only 2.5% a year, that's 17.5% in 7 years. GM has also added a few new features that run up the price, such as XM radio, OnStar, 4LT option, Dual-tone seats, bigger engine & stronger drivetrain.
Thread Starter
Instructor
Joined: Feb 2007
Posts: 116
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From: Fort Myers FL
Good Points
Guess I should point out that I paid $47,000 for that car new, from a sticker of $53,000. The incentives were about the same as they are now. I agree the C6 has alot more options and is a better car, but it seems to me the prices are rising pretty fast.
Instructor
Joined: May 2005
Posts: 110
Likes: 1
From: Waleska Ga.
Cost
My first was a 99' Targa, Mag Red, listed for $55,000, paid $44,000 drive out, still have the car, love it and will not part with it. Have 07 AO vert, 4lt, 6sp. Listed for about $75,000, paid $63,000. I love both these cars, but you cannot compare them. 2 totally different vette's. Son has 07 Lemans Blue, 3lt, even a difference here. The upgrades in technology is a huge disparity between the 99 and 07. I am pleased with what the bang for the buck bought.
Safety Car
Joined: Dec 2004
Posts: 4,276
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From: Tucson AZ
St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15
comparatively speaking, there are some C6 bargains to be had these days - I think the sticker prices have gone up slightly - BUT more importantly, for those that are able to wait for the "good deals", I believe a new C6 can be had for less as an example then I paid for my 1st year production vert model. If you are in the market for a C6 - IMO, your timing couldn't be better.
Burning Brakes
Joined: Apr 2001
Posts: 773
Likes: 107
From: NC
My loaded 08 cost more than my loaded 04. One of the reasons I uprgraded was that the 04 didn't even offer things like side airbags, heated seats, power convertible top, 430 HP, 6 speed auto transmission, HID headlamps, steerinig wheel controls, etc.....
Race Director
Joined: Jun 2000
Posts: 13,733
Likes: 66
From: Hurst, TX USA
My 2005 listed at $54K, the same car (equivalent equipment) in 2008 lists at $57K plus. Yeah, the prices keep going up. Of course some things have been upgraded in 3 years (LS2 vs LS3) but $3K worth?
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Team Owner
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From: Big Bend Country, TX
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
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Mooooooooo
Dang, have you got any idea of what it cost to raise cattle ? All that leather ain't cheap! 
Team Owner
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From: Northern, VA
St. Jude Donor '15
"In honor of jpee"
My first was a 99' Targa, Mag Red, listed for $55,000, paid $44,000 drive out, still have the car, love it and will not part with it. Have 07 AO vert, 4lt, 6sp. Listed for about $75,000, paid $63,000. I love both these cars, but you cannot compare them. 2 totally different vette's. Son has 07 Lemans Blue, 3lt, even a difference here. The upgrades in technology is a huge disparity between the 99 and 07. I am pleased with what the bang for the buck bought.
Instructor
Joined: Sep 2005
Posts: 139
Likes: 0
From: North Myrtle Beach South Carolina
As has already been pointed out, it's been 7 years since your 2001 corvette came out, not 6. If inflation averaged only 2.5% a year, that's 17.5% in 7 years. GM has also added a few new features that run up the price, such as XM radio, OnStar, 4LT option, Dual-tone seats, bigger engine & stronger drivetrain.
Le Mans Master
Joined: Dec 2005
Posts: 7,753
Likes: 210
From: North Western Connecticut
Has anyone noticed that the price of a loaded car has gone up substantially. I had a 2001 C5 loaded convertible with F55, Auto and the sticker on it was $53,000. Now the loaded convertibles sticker for almost $70,000. Almost a $17000 dollar increase in 7 years. Was the C5 that much more of a bargain, or is it inflation, or is GM raising the price to offset the almost $10,000 in incentives they offer now? What do you think?
Team Owner
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From: Big Bend Country, TX
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
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Team Owner
Joined: Nov 1999
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I paid sticker for my 2000 Coupe, out the door with an extended warranty, I believe that it was $51,xxx.
When I got my C6 Coupe last May, I got $5,000 off sticker, and paid $53,xxx. I didn't buy the extended warranty, but I did get 45 more HP, NAV, Heated Seats, and the other C6 upgrades. I thought it was pretty reasonable.
When I got my C6 Coupe last May, I got $5,000 off sticker, and paid $53,xxx. I didn't buy the extended warranty, but I did get 45 more HP, NAV, Heated Seats, and the other C6 upgrades. I thought it was pretty reasonable.
Safety Car
Joined: Aug 2004
Posts: 4,194
Likes: 7
From: Euless Texas
I gave up waiting on the '09 after this last price increase. The '08 vs a comparably equipped '07 is about $2,000 more. I want to get one now, before they jack it again in '09 for marginal improvements.
Thread Starter
Instructor
Joined: Feb 2007
Posts: 116
Likes: 0
From: Fort Myers FL
Coupe vs Convertible
I paid sticker for my 2000 Coupe, out the door with an extended warranty, I believe that it was $51,xxx.
When I got my C6 Coupe last May, I got $5,000 off sticker, and paid $53,xxx. I didn't buy the extended warranty, but I did get 45 more HP, NAV, Heated Seats, and the other C6 upgrades. I thought it was pretty reasonable.
When I got my C6 Coupe last May, I got $5,000 off sticker, and paid $53,xxx. I didn't buy the extended warranty, but I did get 45 more HP, NAV, Heated Seats, and the other C6 upgrades. I thought it was pretty reasonable.
