b4i4getit

Absolutely correct. This is always what happens when a new model comes out with more performance than the last.

JoesC5

There are other factors that go into play. Used C5's were selling ABOVE MSRP in April-May of 1997. I looked at one that was priced at $43,995 and it had 3,000 miles on it. I checked the original MSRP, which was ~ $40,000. That was in May of 1997. New C5's were routinely going for $5,000 to $10,000 over MSRP.

By the end of June, while some dealers were still try to screw the buyer, most dealers were down to MSRP, and some were $1,000 under MSRP. I signed the contract on mine(1998 MY) in early August, 1997 for $1,000 under MSRP. Used C5's were selling very close to MSRP for quite a while, as there were not that many new C5's sitting on the dealer's lots.

I'm not predicting that for the C7 though.

I know of one C5 that went through three dealers before it was sold to the retail customer in early 1997. Each dealer made a profit on the car, and the car went to the retail customer on the original MSO.

vankenn

That was back then, this is now. The iPhone was selling like hotcakes back then too. People learn. A $40k car is easily affordable to most people while a $55-$70k car isn't. A little boost in price can mean a big difference and added insurance cost. Look at the ZR1, GT-R, Viper, etc.. how many of those do they sell?

I bet you as the hype dies down, used resell value of the car will also go down. I wish it can maintain a good value as I do not want a car I paid $75k to be worth $50k in one year.

Daekwan06

You are off by 11 seconds.

Trust me. I just got back from the future.

JoesC5

My 1998 C5 was 10.5 years old when I traded it in on the 2009 Z06. The C5's MSRP was $40,000 and I paid $39,000. The dealer gave me $17,500 in trade and it had zero influence on the Z06's price I paid, as I got the Z06 for true Employee pricing(as I used a real GM employee number), thus the price was established by GM, not the dealer, and that price had nothing to do with a trade-in. The dealer then sold the C5 for $21,625.

My 5 year old Z06 had a MSRP of $80,015, and I doubt if I can get over $45,000(if that much) in a trade in for any car, including a Volt.

123sugey

I agree on this.

Corvette ED

First off 2013's selling for 38K with owner loyalty etc isn't going to happen on the C7 The C7 will not have any rebates or programs for a few years. Get use to list or above.

You will not see that many 1LT cars ordered for stock by dealers.

1. Most 1LT cars were stocked by dealers who only stock a few Vettes.
2. Chevrolet has 3400 dealers and only 900 will be selling the C7
3. With the car being new model it isn't in the dealers best interest to stock a 1LT car. They make more money stocking a loaded car.
4. A current Corvette owner that has a 2-3LT car isn't going backwards in equipment.
5. As JoesC5 said back in 97-98 used C5's were selling at or above MSRP. The C7 will not sit in showrooms unless dealer markups are 5K over sticker.

Rob 99

Holy shiot batman thats one tough world you reference.

mattkilla2015

If 54% of c6 sold last year were lt1 I would think gm would make around that percentage for the c7 unless the percentages for non optioned cars for the first model year c5, c6 were vastly different. those 1lts will be sold somewhere in the 900 dealers.
While it is in the dealers best interest to sell options, gm will look at the percentages from idk how many years past to come up with a number of 1lts to make for the first model year c7.
I thought many of the standard equipment on the c7 1lt was similar to the c6 2lt?
But I agree that it will be list or above for the first year or two from the majority of dealers.

speedlink

You might even pick upa new one for that in 2 years. Base

Mew2

How hard will this affect C6 prices? I want to upgrade to a 2008 coupe with some sweet options XD

redzone

GM doesn't decide how many,or in which configuration to build Corvettes....dealers do. Every Corvette built is a sold order to a dealer,built to their specs.

GoldenRod

You know, the more I visit the C7 section, the more I feel like I'm reading Nostradamus.

jb_va2001

Dealers are going to load up the early C7s with all the options to maximize profit. I don't expect you'll see a new C7 sell anywhere near the base price for a while. So the starting point for C7 depreciation will be higher than you might expect.

Gadfly

If you pay MSRP for a Vette, you are a complete tool and you are just throwing your money away.

I have no idea why you guys don't think that one of these big dealers, that are selling 2013's for 10k+ off a grandsport, are not going to discount a 2014 to clear out there HUGE allocations.

Truth is, you likely could get money off MSRP now...

Bill17601

I am a complete tool. No question about it. I also write checks for new cars and do not take out loans. Now that makes me a TOTAL Tool. Or "TT"

JoesC5

Initially, first 6-9 months?????) GM is limiting the number of dealers selling C7 to 900(number of dealers that sold a minimum of 4 2013 C6's). Those 900 dealers pretty well cover the market as they sold 80% of the Corvettes sold last year. In fact the top 50 Corvette dealers sold 34% of the corvettes.

There will be no shortage of dealers selling the C7. It just might not be all seven of the Chevrolet dealers that are located within 35 miles of your home that will be selling them.

After the initial consumer rush had subsided, GM will let the remaining dealers(ones that are willing to pony up the dollars for training and service tools) sell C7's.

Matt26

The $38K C6 was in response to dealers listing used 2012s and 2013s for $45-48K which is not true and if they did list them, they didn't sell them since a new one is 5-10K cheaper. The C6 sales history is not going to have anything to do with the C7.

1-3. Dealers aren't going to stock C7s for the first several months, they will all be sold orders. It would be in the dealers best interest to stock a range of models to appeal to buyers of different income levels and desires.

4. A 2LT C6 is the equivalent of a 1LT C7, so they might go "backwards" in equipment.

5. C5 sales history has nothing to do with the C7 as well since we now have forum dealers and an easy ability to shop around. Sure there will be people who pay markup, but not in the quantity of past generations.

ArcticC7

Just wait until the 2016 model year. You will get a de bugged more refined car and a decent discount. Why pay $60K to be a beta tester for GM or buy someones 2014 used lemon.

sam90lx

With a new rear!