Keith@VetteFinders

It looks like the Corvette ZR1 market has officially cooled. GM is now offering $3000 cash or 0% financing for the 2010 Corvette ZR1s and $5000 on any existing 2009 Corvette ZR1s. The rebates are currently scheduled to run until September 7th.

You can see on this chart how the number of available Corvette ZR1s has steadily climbed in 2010.

http://www.corvetteblogger.com/2010/...-corvette-zr1/

rutiger

if only my income graph matched with a steady incline i could afford one

vette6799

I think the bigger question is what will happen when the 2011's start showing up in volume and there are hundreds of '10's sitting on dealer lots. The rate at which 2010 inventory is dropping is very slow and might portend the end of the ZR1 after 2011.

Bwright and JVP might want to weigh in and give their opinions on whether 2011 will be the last for the ZR1.

Z06ufgrad2002

This is quite interesting as I was just into my local dealership today and was told the 0% did not apply to the corvette and they had a $5000 premium market adjust on the sticker for the ZR1 they had on the showroom. Guess I should print this post out and bring it in to them!!!!!

3LZZ06

GM incentives website has not updated the ZR1 0%/60 info yet so it's not surprising the dealership is also slow on the uptake...

Blow N By

They are usually the last to learn....

RFZ

i posted when pricing for the 09 was announced that this zr1 would do the same as the c4 zr-1... it not only has followed but it did it much quicker....

guess i am one of the few on here old enough to remember

the zr-1 was over priced.....the zr1 is over priced...in my opinion corvette have always been middle class america's sport car...the prices for the zr's is more upper class.....and well the upper class doesn't buy chevy's.....

vette6799

I think you mean that the market for the ZR1 may not support its price point, rather than the car is over priced, as many of the features on the car are very expensive. I do agree with your point about the upper class (generally) not buying Chevys is valid.

I also think you forgot to mention that the worst recession/depression since the '30's happened to coincide with product introduction.

4-Sho

They probably should have ended ZR1 production with the 2010s (just like the Viper). ZR1 depreciation is about to be epic unless the rebate and 0% financing sparks a sizeable increase in sales.

I'm not going to lie, lately I've been thinking about just selling my ZR1 now then pull the trigger on a F430 or Scuderia once they depreciate into a range that I can afford. It's not that I thought the ZR1 would really hold value, but I'd probably rather be losing money while driving a Ferrari instead.

csun213

With the 458 coming out now and seem to be the best Ferrari produced yet, the 430 price will be dropping fast.

4-Sho

Exactly.

jvp

Remember that GM doesn't push cars to dealers. Dealers pull them from GM. So if 2011s start showing up in volume, it's because dealers have ordered them. I call that poor planning on the dealers' parts, not GM's.

There are a lot of dealers in this country that haven't even SEEN a ZR1 because they haven't made the right adjustments to their dealership to sell one. You can bet that as soon as they meet the apropos requirements to sell one, they'll order it. Even if there are 500 others sitting on lots elsewhere.

It won't. The ZR1 (and Z06) will be with Corvette until C7. The ZR1 may require a refreshening along the way, kinda like the Z06 is getting for 2011. And by that I don't mean more power. But, they'll continue along with the line, even if it means selling fewer and fewer.

Bear in mind that GM has basically broke even on the C6, as per Brian's post some time back. Everything they sell (or don't sell) is gravy for them. It behooves dealerships to feel out their local clientele and order the right number of the right kinds of Corvettes. Things such as local economies, affluence of the area, etc must come into play in that decision.

jas

RFZ

i do mean its over priced.... the c4 zr had state of the art engineering with the lt5 and its adjustable suspension ...it just didn't stand out from the regulat corvettes [ except for performance] to sell at sticker...

same is true for the present zr...great performance but it does not stand out from the rest of the line...gs,z06,zr1 all look pretty much the same...have all three in a showroom and most people will look at the cost difference and say i dont really need nor can i use the extra performance and opt for a gs...so while the zr's had/have some impressive technology the entire package is overpriced ...imo

as far a the break even comment by another poster....i would be very disappointed with break even...the reason to be in business is to make money not break even...and with sales numbers what they were last year i would be worried...now i don't claim to know if the corvette line is profitable or not....but they sure aren't selling the numbers of a few years ago....no doubt the recession is taking its toll...but i don't see any turn around happening any time soon...the next couple of years could be very difficult for the corvette line...

Silver05GTO

I thought GM did a fantastic job of pricing the C5 and C5Z.....the higher performing C5Z was only like 5-10k more then a C5 coupe! Imagine if we had that pricing today.....C6 coupe 45k, GS, 50k, Z06 55k, ZR1 60-65K......sales would've been epic imo.

jamie furman

With some dealers offering a new $120,000 2010 ZR1 with a 14k discount and 0% financing it really does bring the price of the ZR1 into bargain territory. You can literally buy that car for the same price as an $83,000 car with conventional financing if you chose to finance the full amount or pay the same down payment. For me thats a bargain!

knkali

What dealer is marking the ZR down $14K AND giving 0% financing? Did not think that existed.

Racer

Don't expect miracles, the Italia is not mass produced, it is going to take quite a while until they are out there in any type of numbers. Also, the Ferrari F430 has a couple of other things helping it not drop substantially from where it is..the 360, the 355 and the 348. Each of those will support the drop price of the one above it. Unlike the Corvette which basically is all the same model (body style) and is mass produced. Will the F430 come down in price..of course, will it come down like you seem to think it will..no.

Mr. Gizmo

Exactly. I bought a 1991 c4 zr-1 in March of 1996 with 300 miles on it for 30k. Guy i bought it from was a collector of various cars, had
3 zr-1s, several ferarri and porsches, a couple of street rods etc etc. Going through nasty divorce and i benefited from a fire sale. Drove that car until august 2009 and sold it for close to what i paid for it.

my 2009 c6 z06 is first new corvette i have owned. i am definantly not an early adapter on these things. Bought my Z06 new with 17 miles for 20k off sticker. - you will be finding some nice 2009 and 2010 c6 zr1s in 60k range in the near future. And oh yeah my z06 will be 30 to 40k in the near future. but i am keeping this Z06 and enjoying it for a long time.

mirage2991

on this very forum.