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I'm not exactly sure of the history of the C7 pricing. It debuted at about $51,000 (wow) and now sits at $55,000 for a base coupe. I think I remember the 2015 models debuting with no increase for the base coupe but something like $1000 for the Z51 coupe.
-What are your opinions on the possibility of a price increase for the 2016 base model?
-If it does increase, by how much do you think it will?
-When is pricing usually revealed for the new model year?
While I have no concrete information to make a projection, I would say "yes" there is a good chance that GM will increase the pricing of the C7.
My thoughts are based on the popularity of the vehicle, feedback on the appearence, and the liklihood that GM has a continued winner with this model.
The US economy continues to grow, albeit a slow pace, and the C7 has been highly recognized by auto industry enthusiasts for many aspects of the C7.
The one aspect of increased sales for GM on this model, has to be a correction or overhaul of the allocation, constraints and order system from dealers.
It appears that many potential purchasers have been frustrated over the problem of allocation and constraints. I being one as I ended up buying from an existing dealership inventory but had to make a few sacrfices of what I really wanted in the C7 if I would have ordered it from Bowling Green.
GM needs to provide a product that the individual can configure and get what they want. While I don't know what the percentage of sales come from custom orders vs C7 sales off a dealership lot, it would make sense for GM to customize there order flow to so that the potential purchaser can order the car that they want without making sacrifices of adding options and colors.
I am not sure how they can work out the order flow and logistics to meet all combinations, buy that would be an aspect of the order flow that I would concentrate on, which certainly would result in higher sales.
There can be no doubt that GM delivers a great value for what the consumer gets with this vehicle.
It will be interesting to see what happens in the next few days to week when the NCM bash takes place.
Added: I don't think a $1000 price increase on the Stingray model will dampen sales. The current demographics of the new C7 Corvette owner would suggest they are baby boomer generation, or slightly older, retired or close to retirement, and have the bucks $$$ to spend to buy this sports car.
Last edited by nmvettec7; 04-18-2015 at 12:18 AM.
Reason: added text:
While I have no concrete information to make a projection, I would say "yes" there is a good chance that GM will increase the pricing of the C7.
My thoughts are based on the popularity of the vehicle, feedback on the appearence, and the liklihood that GM has a continued winner with this model.
The US economy continues to grow, albeit a slow pace, and the C7 has been highly recognized by auto industry enthusiasts for many aspects of the C7.
The one aspect of increased sales for GM on this model, has to be a correction or overhaul of the allocation, constraints and order system from dealers.
It appears that many potential purchasers have been frustrated over the problem of allocation and constraints. I being one as I ended up buying from an existing dealership inventory but had to make a few sacrfices of what I really wanted in the C7 if I would have ordered it from Bowling Green.
GM needs to provide a product that the individual can configure and get what they want. While I don't know what the percentage of sales come from custom orders vs C7 sales off a dealership lot, it would make sense for GM to customize there order flow to so that the potential purchaser can order the car that they want without making sacrifices of adding options and colors.
I am not sure how they can work out the order flow and logistics to meet all combinations, buy that would be an aspect of the order flow that I would concentrate on, which certainly would result in higher sales.
There can be no doubt that GM delivers a great value for what the consumer gets with this vehicle.
It will be interesting to see what happens in the next few days to week when the NCM bash takes place.
I've been waiting for the Bash for months to finally hear about changes for 2016. But I don't think pricing is revealed at that time, is that correct? When can we expect that to be revealed?
Also I edited my original post to ask how much do you think it will increase if it does?
GM raised the price of the Corvette about 3-5% a year after 2008 although people's wages didn't go up near that fast. Back then you could find a loaded "base" C6 for mid $50k range. Now it is more around $70k. It doesn't seem that long ago that one would have a hard time finding a GM car with a 6 figure price tag. Now it might be more common.
My dealer's management seems to think so, in fact saying "yes, there will definetly be a price increase"...
I seem to think so. How much is anybody's guess however we won't find out the new pricing until probably late June even though we find out the changes next week or so.
meaning if you can afford a 2015 corvette, you can afford a 2016.
Well one post I read a few hours ago suggested it might be 5K, that could put the car out of budget for certain people. Though I highly doubt GM would raise it that much.
Originally Posted by C2367
For the early ordered 15's was no price increase so I would think the same if you get your 16 order in early.
This is exactly what I'm hoping for and why I sent in my deposit last week to secure my place in line early for a 2016. My dealer told me I 'm one of their first orders so I hope your prediction pans out.
Initially I think the major price increases will be tied to option repackaging. In 2015 the Z51 option went up but that was due to making NPP standard. For some that increased the base price because they didn't include any options but since 95% of the Z51's were ordered with NPP it was a net zero increase. Of course there was a significant base price mid year increase in the 2014's and a smaller mid year on the 2015's.
There will probably be some base increase a couple months after introduction, aka a mid year price increase and I think the Z06 will see a significant increase right before they make it eligible for the employee and supplier programs.
Internet forums always have the correct answers and the people who determine such things always give out their strategies!
Wasn't looking for facts, just opinions. People on this forum have history on their side for reference.
Since I'm going to be in the very first 2016 allocations, I should have worded my post slightly differently as follows: will there be a price increase for the 2016 C7 as soon as it is available?
I never pay too much attention to price increases GM dreams up on the corvette, as they try to increase prices without slowing down sales. Just good business as they continuously assess the market. What I care about when I get ready to buy, is what are they selling for at the top forum dealers ( IE: what discounts are in place). Sometimes when the new model year comes out, discounts are not available on hot selling models, like the 2016 Z06, which is right around the corner. My guess is the 2016 stingray will continue with good discounts even at the start of the model year.
As others have said, even though the Z06 may get a price increase at the beginning or shortly after the 2016 model introduction, as demand slows around next winter, I would expect the usual supplier/ GM employee discounts to become available. If a buyer can hold off buying till then, my guess is the price will be still somewhat less than the MSRP most have been paying presently and the Z06 and especially the A8 version, will have been out for a year at that time, allowing for a full year of production to resolve the usual first year issues.
04-17-2015, 11:14 PM
Will there be a price increase for the 2016 C7?
