Breaking NEWS - 2019 Orders start early!
10-12-2017, 08:52 AM
#81
Platinum Supporting Dealership
When I dissect this cryptic statement made by Rick a number of things come to mind
"With the announcement today of 2018 Corvettes order done 11/20/17 and 2019’s Start up on 11/30 ( production very end of January)"
First this is an incredibly cryptic statement and as such is open to interpretation as many have already called out. Second and so far, it is totally unsubstantiated by any other dealership so as far as I am concerned this still falls into the category of RUMINT as we used to say in the biz (I had a career in military intelligence). Rick, if you were provided a press release, why not spend a few extra minutes writing for clarity?
This appears to be a grenade thrown into the forum for affect and I can only guess at what the motive is to write something so cryptic and open to interpretation.
What I suspect that this may be all about, is the ZR1 introduction and marketing it vis-a-vis the existing 2018 ZO6. It just makes no sense to create such discord within the customer base who have been patiently enduring the 3 month shutdown to get their 2018 order fulfilled. And what substantial changes would they have realistically been able to implement in such a short period of time on the existing Stingray, GS and ZO6 models to justify a new model year designation?
It just doesn't pass the smell test and I remain highly skeptical. I won't waste my time or my ordering dealer's time looking into whether I should cancel my 2018 order as some are already suggesting.
"With the announcement today of 2018 Corvettes order done 11/20/17 and 2019’s Start up on 11/30 ( production very end of January)"
First this is an incredibly cryptic statement and as such is open to interpretation as many have already called out. Second and so far, it is totally unsubstantiated by any other dealership so as far as I am concerned this still falls into the category of RUMINT as we used to say in the biz (I had a career in military intelligence). Rick, if you were provided a press release, why not spend a few extra minutes writing for clarity?
This appears to be a grenade thrown into the forum for affect and I can only guess at what the motive is to write something so cryptic and open to interpretation.
What I suspect that this may be all about, is the ZR1 introduction and marketing it vis-a-vis the existing 2018 ZO6. It just makes no sense to create such discord within the customer base who have been patiently enduring the 3 month shutdown to get their 2018 order fulfilled. And what substantial changes would they have realistically been able to implement in such a short period of time on the existing Stingray, GS and ZO6 models to justify a new model year designation?
It just doesn't pass the smell test and I remain highly skeptical. I won't waste my time or my ordering dealer's time looking into whether I should cancel my 2018 order as some are already suggesting.
http://www.corvetteactioncenter.com/...s-in-november/
10-12-2017, 08:54 AM
#82
Melting Slicks
I would be a lot more upset with the short production run of 2018 if I hadn't received my 2018 GS in the middle of June and had the entire summer to enjoy it.
I expect we will se really big discounts on the remaining 2017's and big discounts on the 2018's.
I also expect the 2019's will have significant upgrades: electronic displays, interior trim, wheels, and the ZR-1; and a result, while MSRP will only go up a little, GM will again cut dealer margins, so discounts will be way down. GM is going to trade sales volume for a higher per car profit in anticipation of the C8.
Or maybe not if the GM action center release is to be believed?
I expect we will se really big discounts on the remaining 2017's and big discounts on the 2018's.
I also expect the 2019's will have significant upgrades: electronic displays, interior trim, wheels, and the ZR-1; and a result, while MSRP will only go up a little, GM will again cut dealer margins, so discounts will be way down. GM is going to trade sales volume for a higher per car profit in anticipation of the C8.
Or maybe not if the GM action center release is to be believed?
Last edited by LIStingray; 10-12-2017 at 08:56 AM. Reason: addition
10-12-2017, 09:00 AM
#83
This thread seems like a whole lot of angst about nothing. Mileage and condition are the major drivers of resale value. For example, I don't see much, if any difference on the asking prices of pre-owned 14s vs. 15s today.
10-12-2017, 09:03 AM
#84
Burning Brakes
Can someone interpret this statement so that it is understandable to those not familiar with acronyms such as DOSP and what consensus and cycle means in the context given:
"The 19MY order guide will be published 11/20, and the first DOSP will be 11/30 (Nov cycle 2).
Final consensus for 18MY will be Nov cycle 1 and final DOSP will be 11/16."
"The 19MY order guide will be published 11/20, and the first DOSP will be 11/30 (Nov cycle 2).
Final consensus for 18MY will be Nov cycle 1 and final DOSP will be 11/16."
Last edited by Frosty; 10-12-2017 at 09:05 AM.
10-12-2017, 09:08 AM
#85
Le Mans Master
I don't think the resale value difference will be enough though. Think about this for a second, the person ordering the 2018 would lose their deposit (probably $2000) and then any discount they got on the 2018 (let's say $4000) would also go away (dealers would probably not discount the 2019s at all if they are a hot commodity) Then on top of that the price of the 2019 could be $2000 more. So for arguments sake, let's say that cancelling the 2018 order and going into a 2019 now costs the buyer an extra $8000. Do you really think the used value of a 2018 is going to be worth $8000 less than the 2019 in the future. I don't.
If someone has the money, and the 2019 has big changes, then that's fine. But to say they'll save money in the long run by cancelling the order and going with the 2019, that's not going to happen.
If someone has the money, and the 2019 has big changes, then that's fine. But to say they'll save money in the long run by cancelling the order and going with the 2019, that's not going to happen.
10-12-2017, 09:28 AM
#86
Race Director
I was speaking in general terms; and your numbers are over inflated to make a point. Some dealers will accept as low as $500 down for an order (I know from personal experience), and a few on this thread stated that they paid $1000. Also, the price increase could be $45, and who knows what any discounts will be... I’m not telling anyone to cancel their order, but I would. Speculated figures notwithstanding.
As Foosh said though, there isn't much difference between the value of a 2014 and a 2015, so one model year difference in the long run isn't enough to justify cancelling a 2018 order and starting the entire process all over again. The financial benefit to that just isn't there, IMO.
For me, I plan on keeping my 2018 for 10-15 years, maybe longer! So it won't matter to me how much depreciation a 2018 might see vs a 2019 over the next year or two. Am I bummed that the 2019 is coming out so soon and making my brand new car almost instantly 1 year old, sure I am slightly bummed. But as I mentioned earlier, only Corvette enthusiasts will know that my 2018 is not the latest model year. I would have been more bummed if I had found out the 2019 was getting the A10 trans, thankfully (for my peace of mind) it's not.
10-12-2017, 09:36 AM
#87
Burning Brakes
Member Since: Jan 2017
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On the other side of the coin, does that mean that consumers will receive extended run of the 2019 model year of +12 months? Or are we shifting the model cycle entirely for the Corvette line?
10-12-2017, 09:51 AM
#88
Team Owner
No wonder the price will be so high for the mid engine Corvette. The GM engineers haven't figured out to get the most for their money.
Last edited by JoesC5; 10-12-2017 at 09:54 AM.
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lostsoul (10-12-2017)
10-12-2017, 09:54 AM
#90
Banned Scam/Spammer
"We have been able to confirm that there will be no major changes to the 2019MY Corvette"
But there will be a change.. maybe A10 for 2019 and ME 2020.. IF doing auto I would hold off for a few months just for that. But knowing whats around the corner.. ahhhhh
But there will be a change.. maybe A10 for 2019 and ME 2020.. IF doing auto I would hold off for a few months just for that. But knowing whats around the corner.. ahhhhh
10-12-2017, 10:01 AM
#91
Race Director
Smarter move for the GM engineers would have been to have gone to Burger King down the street and gotten two sausage, egg and cheese crossan'wich sandwiches with one small Hash Browns and one small coffee for that same $4(with a coupon). Or have gone to Hardee's and got two sausage and egg biscuits for $2.50
No wonder the price will be so high for the mid engine Corvette. The GM engineers haven't figured out to get the most for their money.
No wonder the price will be so high for the mid engine Corvette. The GM engineers haven't figured out to get the most for their money.
10-12-2017, 10:10 AM
#94
I've always believed that the resale asking prices on 14's are high is because so many folks paid MSRP and higher and not so quick to unload and take a big loss, therefore kind of setting a bottom. 15's started to see 7-10% discounts and 16's and up much larger, so sellers can ask less for later models years in comparison to 14's.
10-12-2017, 10:13 AM
#95
Team Owner
Beside, anyone who thinks McDonalds has tasty food is a fool.
Last edited by JoesC5; 10-12-2017 at 10:15 AM.
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Skid Row Joe (10-13-2017)
10-12-2017, 10:25 AM
#96
Melting Slicks
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10-12-2017, 10:31 AM
#97
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10-12-2017, 10:33 AM
#98
Team Owner
This situation is quite irritating.......I have a 2018 Z06 C65 edt. on order and just received a TPW of 12/11.
Now what am I supposed to think about all this.
Clearly there is some sort of change in store for MY '19 and my guess is it will be across the board on all models, certainly Grand sport and above.....Or at least that's how I interpret this news.
Having just moved to event code 3000 last week, it's to late to make an adjustment without there being consequences for someone on this deal.
-Do I keep my order and take delivery of it in January when it will essentially be a model year old already (2019 will likely be rolling down the line by the time I see my car) with possibly outdated appearance/tech?
- Do I forfeit my deposit and cancel? Losing $1000 in the grand scheme of things is not a huge deal I guess, but worse than that.....
-If I cancelled my order my dealer is still on the hook for that car and I'm dropping my problem off in his lap. I risk ruining that relationship and my integrity as a man of my word.
Damn you GM......This is not how I visioned my 1st Corvette buying experience to go.
I wish there was more information because I have to make a decision, AND SOON!
Now what am I supposed to think about all this.
Clearly there is some sort of change in store for MY '19 and my guess is it will be across the board on all models, certainly Grand sport and above.....Or at least that's how I interpret this news.
Having just moved to event code 3000 last week, it's to late to make an adjustment without there being consequences for someone on this deal.
-Do I keep my order and take delivery of it in January when it will essentially be a model year old already (2019 will likely be rolling down the line by the time I see my car) with possibly outdated appearance/tech?
- Do I forfeit my deposit and cancel? Losing $1000 in the grand scheme of things is not a huge deal I guess, but worse than that.....
-If I cancelled my order my dealer is still on the hook for that car and I'm dropping my problem off in his lap. I risk ruining that relationship and my integrity as a man of my word.
Damn you GM......This is not how I visioned my 1st Corvette buying experience to go.
I wish there was more information because I have to make a decision, AND SOON!
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Skid Row Joe (10-13-2017)
10-12-2017, 10:39 AM
#100
Melting Slicks
My guess is the C8 will come out as a 2020 model. Going with the New Decade...New Design theme rather than a carry over of the C7 into the new decade. (just a guess not based on any rumor or fact).
Last edited by direct007; 10-12-2017 at 12:56 PM.