It would be ignorant of GM to price the base car at $60k because they will lose buyers. We'll see who is right when the price is announced.

 

I knew someone would respond with something like this. It has nothing at all to do with rethinking one's budget.

In the $50 - $60k price range many buyers are sensitive to a $5k or 10% price fluctuation. That is a fact that is not debatable.

My point was based on basic economic principle - Higher price = lower damand.

The effect of price v demand on a $300k Ferrari is severly diminished, as the same $5k represents only 1.5% of the price.

 

Not if they would lose their shirts to do so. You are clearly assuming they won't pick up other buyer because they offer more VALUE for what you are really getting.

GM has to balance it all of course. But it certainly doesn't make sense to me to add all of this to a base car and not raise the price a bit. How much that is, we just don't know yet.

 

If you can afford to pay $50K (and keep in mind that this is the base which most don't buy a base car) but you can't afford $60K then you probably couldn't to pay the $50K to begin with.

Plus I think that even if GM loses some of those customers they would gain them back from those willing to pay higher for such an improved car.

 

A big block 1967 cost $4700 give or take back in the day. That equates to about $32,000 in today's dollars! Just saying!!

 

It surprises me how many forum members are scoffing at a $60K base price for this car. Have you looked at the Porsche Cayman S? (Not even talking about a 911). It is truly a sexy, fast, well-handling machine... One of those beauties can stack up to well over $70K reasonably equipped. But it's no Corvette. Paying mid to upper $60's for a C7 is not at all surprising. Will GM lower the price or come out with incentives next January? Don't they always?

Doug

 

Even thinking about that mixture in my stomach ...........

 

Nope, never even looked at one, never looked at anything over $50k, out of the price range I could afford. Anything over $45k would not have be comfortable.

 

Cayman AND Boxter sell around 100 per month in the US. Corvette is not in the same ballpark and has to sell ten to thirty times that to survive.
Pricing certainly can kill Corvette.

 

Yet another estimate. I take Tadge's comments to mean the base price will be not much higher than today's C6, e.g. $50K. My guess is $53K.

 

And with the current C6 starting at $49,600, you define $10,000 or more as 'a bit'? Damn, you are a high roller Babe.

 

I guess $53-55K wouldn't be that bad for a car with those capabilities but I'll probably wait for a low mile used one to hit the market.

 

[QUOTE=Turbooo2u;1582956119]Someone asked what a base C6 costs, GM says around 55k for Stingray. http://forums.corvetteforum.com/c7-g...d-town-fl.html

 

$60-$70k puts you into a new territory of cars. When you talk about a $60k base, you are really talking about $65-$67k OTD price. and that price is just the base with NO UPGRADES.

Most people will just wait and buy the used performance version at that price or even cheaper down the years. GM will lose in this case.

Most cars are in the $17-$25k price range, a Corvette at $40k-$50k for the base is good for the entry level. Anything higher and I think they are just limiting their sales.

Honestly, who in this board will pay $67k OTD price for a base vette with absolutely no upgrades. Who??

 

No one is talking about a 60k base

 

no matter how you slice it - the higher the base price turns out to be, the higher chance a buyer will look elsewhere at what else they can get for that same amount of money.

Base price of $55k means with taxes and fees you are looking at a minimum out the door price of 58K (6.25% tax here in TX)

$60,000 can buy a LOT of car no matter where you go, think of how much car you can get in the used market for 60K. Sure, there is the fun fresh feeling of owning a brand new C7, but are you going to feel the same 12 months later when you find out the car is now only worth 45?

With some of the decisions GM has made in the past -- sadly I can see them screwing up the price as well. Personally I don't have a horse in this race as the C7 does not interest me at all (C6Z06 will do just fine)

to be 100% honest - ive bought 3 brand new cars in my life (05 RX8, 08 Z06, and a 12 Rio) and while I do love that new car smell... totaling up the amount of depreciation I've paid is a bit sickening. I'm more than happy to let someone else take the hit on depreciation these days.

 

Read the OP's post #1. And if you want to split hairs over $59K vs $60K, please don't.

 

In February of this year the Bow Tie Express releases the new 420 hp, rwd SS sedan. Per Leftlane news : About a week before the Daytona 500, Chevrolet will take the wraps off of its new high-performance V8-powered SS sedan at the famed race track in Central Florida. http://www.leftlanenews.com/chevrolet-ss.html# I could live with that. My s/o would be ecstatic. No more climbing in or out of the Corvette on long trips. If G M really gets stupid with the pricing on the C7, as much as I want one, There will be plenty to choose from lightly used in a few years.

 

good write. the more i read about this pricing on the new c7, the more i wanted to wait for a used one.

 

55K is more than acceptable for the specs and content. The C7 is superior to the C6 in every way and it offers a level on content, quality, design, and sophistication that warrants that price. Porsche charges twice as much for less and they don't have a problem selling.

People also need to realize that the Corvette has been priced lower for a couple reason.

1) The Corvette has always been such a bargain proposition that it couldn't warrant the price points that it deserved. Now, the C7 offers a level of content not rivaled by anything short of 100K.

2) The Camaro is back and wasn't in the past what it is today. The ZL1 put up the same Ring time as the C6 Z06 when it first debuted, which is very impressive. In other words, Chevy now has another world class performance machine that also needs pricing room to operate. The C7 is better than the ZL1 as well, so it make compete sense that it would at least start at the same price point and go higher.

The Corvette is Chevy's and GM's flagship. It deserves more than Camaro or bargain pricing and people are willing to pay more for a quality and world class product, which the C7 is.

I've said it more than once...Corvettes are still attainable, but they haven't been affordable for a while.

The C7 is on a completely different path than the C6. It is receiving global praise from around the world across all types of demographics, which is exactly what it deserves. You can't expect rock bottom prices for a machine of this caliber.

I'll bet my last dollar that the C7 will easily outsell the C6 because it appeals to a larger audience. Corvettes are moving into a different phase - they are not cheap, they are world class in every way, and they must grow in order to compete.

Just because the Corvette is an American car, it doesn't mean that Chevy should only be concerned with American tastes. There are plenty of people around the world, and in the US, that expect more and will pay more for a better car.

Corvettes are not for everyone to own. If you don't like it, go buy something else. Actually, there isn't anything you can buy for the dollar that even comes close to the value that the C7 brings. You'll easily be over 100K if you want to top the C7.