C7s aren't selling...
01-05-2019, 07:02 PM
#41
Team Owner
Member Since: Jun 2005
Location: Northern, VA
Posts: 46,106
Received 2,481 Likes
on
1,944 Posts
St. Jude Donor '15
"In honor of jpee"
Is that what people mean when they say, too many Corvette being produced? And too many being ordered by dealers? And too many being bought by owners who want to pay $55K, or $90K? Is that it? Really?
The following 4 users liked this post by AORoads:
01-05-2019, 07:08 PM
#42
Well put! Some of the logic used on this forum, particularly in the C8 section borders on sheer lunacy. Be careful what you wish for.
Last edited by Foosh; 01-05-2019 at 07:10 PM.
01-05-2019, 07:36 PM
#43
To me, it's not an unattractive car to buy, as long as I can feel confident that I got the best deal in the Country on the new Corvette that I want/ed. Doesn't really matter to me what the cost factor is within it's current price parameters, I'm good. New Corvettes are still sought after, hence the demand IS there...…..esp. since almost every day someone reports they're looking for one here on CFC7Forum. Affording them, is another matter for many of them. For those, they're hot after a used (C7) one.
01-05-2019, 07:46 PM
#44
Safety Car
Member Since: Feb 2016
Location: Bainbridge Island WA
Posts: 4,980
Received 3,818 Likes
on
1,614 Posts
The following users liked this post:
kenownr (01-09-2019)
01-05-2019, 08:11 PM
#45
Race Director
Member Since: Oct 2011
Location: Holly Springs NC
Posts: 14,379
Received 1,609 Likes
on
1,037 Posts
St. Jude Donor '16-'17,'22,'24
Yes, but add to that there is almost no difference between the 2014 C7 and the 2019 Stingray. Introduction of new models like the GS and Z06 is nice, but upgrading the base car is essential to keep new buyers buying new C7s instead of late model used. There was no major change to push some buyers to trade their older C7 in for a new model and cause new buyers to pass on a used C7 and buy new.
01-05-2019, 09:17 PM
#46
Melting Slicks
I think we can infer from this that unless ME Corvette models are offered roughly in the same price ranges as the current C7, it will be in big trouble with the GM Board and a candidate for cancellation in a few years. A base C8 starting over $100K will probably reduce annual sales down to 911 levels at best. About 70% of C7 sales were below $80K, which includes GS, Z51, and base Stingray.
I don't think it's an engine location question per se, it's about performance, bang for the buck, and the fact that the market for 2-seat sports cars is relatively limited. They are primarily viewed as toys for people only with discretionary income to spend on an extra car.
I don't think it's an engine location question per se, it's about performance, bang for the buck, and the fact that the market for 2-seat sports cars is relatively limited. They are primarily viewed as toys for people only with discretionary income to spend on an extra car.
The following 2 users liked this post by nmerhaut:
dcbingaman (01-06-2019),
Foosh (01-05-2019)
01-05-2019, 09:21 PM
#47
Team Owner
Member Since: Aug 2007
Location: I live my life by 2 rules. 1) Never share everything you know. 2)
Posts: 136,148
Received 2,402 Likes
on
1,366 Posts
St. Jude Donor '11-'12-'13, '16-'17-'18
01-05-2019, 09:30 PM
#48
Melting Slicks
I don’t see current pricing as low as late Fall 2017. That was 20% or more off msrp. With Spring around the corner, the cars should sell at 15% off. Used still holding high value. We’ll see.
01-05-2019, 09:31 PM
#49
E-Ray, 3LZ, ZER, LIFT
Member Since: Sep 2007
Location: NE South Carolina
Posts: 29,503
Received 9,626 Likes
on
6,630 Posts
Yes, but add to that there is almost no difference between the 2014 C7 and the 2019 Stingray. Introduction of new models like the GS and Z06 is nice, but upgrading the base car is essential to keep new buyers buying new C7s instead of late model used. There was no major change to push some buyers to trade their older C7 in for a new model and cause new buyers to pass on a used C7 and buy new.
Yep, you can only push the "old model" so many years. GM is well aware and comes out with "new models" for that reason. It's costly and planned well before any sign of a volume reduction. Thy are not reacting to a reduction they plan a new model many years ahead!
The following 4 users liked this post by JerryU:
01-05-2019, 09:36 PM
#50
Team Owner
Member Since: Sep 2000
Location: Far NW 'burbs of Chicago
Posts: 23,940
Received 2,051 Likes
on
1,362 Posts
St. Jude Donor '13
In the past, when Corvettes are scarce relative to desire (like a new model) GM has allocated them to dealers based on previous years sales. I suspect that many dealers were expecting the C8 to be available this coming summer and ordered lots of C7's to get the C8 allocations. Now that the C8 may not be available until a little or a lot later, the dealers have a mixed bag- lots of C7's that informed enthusiasts don't want to buy, but sellable to those who don't know or don't care about the C8.
The real killer, though highly unlikely, would be that the C8 gets delayed enough that there is a 2020 C7 and C8 allocations are based only on MY 2020 sales.
Too much time on our hands, so we sit around and speculate.
The real killer, though highly unlikely, would be that the C8 gets delayed enough that there is a 2020 C7 and C8 allocations are based only on MY 2020 sales.
Too much time on our hands, so we sit around and speculate.
01-05-2019, 09:43 PM
#51
Race Director
So, let's see---the more it's desired and the less there is of it then what happens? Ahh, the price can and does go UP! Is this what all the viewers on here want? A Chevrolet-produced car named Corvette, in limited quantities that will then cost, not $55K-$90K, but just for supply-demand reasons, $125K-$165K? How many on this thread alone will "step up" and pay that price, for the same car in their garage named Corvette?
Is that what people mean when they say, too many Corvette being produced? And too many being ordered by dealers? And too many being bought by owners who want to pay $55K, or $90K? Is that it? Really?
Is that what people mean when they say, too many Corvette being produced? And too many being ordered by dealers? And too many being bought by owners who want to pay $55K, or $90K? Is that it? Really?
I doubt such a modest decrease in production would have much impact on new C7 MSRP, however I expect purchaser discount off new C7 MSRP would be reduced. Perhaps something like 2%>5% off MRSP as opposed to the typical 10%>14% off on a current model year C7.
Such a decrease in new C7 production, would have a positive impact on used C7 values. Wouldn't it be nice to get a figure even remotely close to what you paid when selling or trading your C7?
Just something to think about.
Last edited by Kevin A Jones; 01-05-2019 at 09:46 PM.
01-05-2019, 10:28 PM
#53
Drifting
GM just ran the best deal on a new 18 or 19 C7 Corvette Black Friday 0 % financing. I was planning on getting a Grand Sport but my numbers worked into my favor and got the car I really wanted. Gave up my C5 Z06 and got my 19 Z06. I don’t know how many they sold for the Black Friday event.
01-06-2019, 07:46 AM
#55
Burning Brakes
With every generation the same thing happens at approximately the same time in the model year cycle. And yet the "Chicken Littles " come out of the woodwork to tell us the Corvette isn't selling and Gm can't give them away. Though sales have slowed down valid reasons have been stated as to why. What really is funny is they act like they have breaking hot news when in reality they have no news at all. 
01-06-2019, 11:00 AM
#56
Melting Slicks
Into its 6th year of production with a completely new version on the horizon. Lightly used inventory for nearly half the cost of new is in abundance. Is it really a mystery to anyone why sales are slow??
01-06-2019, 11:28 AM
#57
Drifting
Ignore the carguy”11” - shaky presentation.
It’s a typical erosion. The fact is the C7 was their most successful model /vintage ever.
the peak C6 figure was 17,000 in 2013 and the C7 doubled it in 2014 at more than 34,000 units.
Next year 2015 was 33,000.
third year 2016 started to show erosion of 10% to 30,000.
fourth year 2017 was 25,000 or 17% erosion.
Fifth year 2018 was 18,000 or 28% erosion.
see the trend? What’s particularly impressive is doubling the peak sales units and stable 2nd and 3rd years. We’re ready for a new model...
when analysts do this analysis they look at the entire segment, vintage year, years into vintage....
It’s a typical erosion. The fact is the C7 was their most successful model /vintage ever.
the peak C6 figure was 17,000 in 2013 and the C7 doubled it in 2014 at more than 34,000 units.
Next year 2015 was 33,000.
third year 2016 started to show erosion of 10% to 30,000.
fourth year 2017 was 25,000 or 17% erosion.
Fifth year 2018 was 18,000 or 28% erosion.
see the trend? What’s particularly impressive is doubling the peak sales units and stable 2nd and 3rd years. We’re ready for a new model...
when analysts do this analysis they look at the entire segment, vintage year, years into vintage....
Last edited by Parcival; 01-06-2019 at 11:35 AM.
The following users liked this post:
edved (01-08-2019)
01-06-2019, 11:29 AM
#58
It’s a typical erosion. The fact is the C7 was their most successful model /vintage ever.
the peak C6 figure was 17,000 in 2013 and the C7 doubled it in 2014 at more than 34,000 units.
Next year 2015 was 33,000.
third year 2016 started to show erosion of 10% to 30,000.
fourth year 2017 was 25,000 or 17% erosion.
Fifth year 2018 was 18,000 or 28% erosion.
see the trend? What’s particularly impressive is doubling the peak sales units and stable 2nd and 3rd years. We’re ready for a new model...
when analysts do this analysis they look at the entire segment, vintage year, years into vintage....
the peak C6 figure was 17,000 in 2013 and the C7 doubled it in 2014 at more than 34,000 units.
Next year 2015 was 33,000.
third year 2016 started to show erosion of 10% to 30,000.
fourth year 2017 was 25,000 or 17% erosion.
Fifth year 2018 was 18,000 or 28% erosion.
see the trend? What’s particularly impressive is doubling the peak sales units and stable 2nd and 3rd years. We’re ready for a new model...
when analysts do this analysis they look at the entire segment, vintage year, years into vintage....
For both, the highest production year was the 3rd MY.
Corvette Production Numbers Since1953
Last edited by Foosh; 01-06-2019 at 12:16 PM.
The following 2 users liked this post by Foosh:
Rapid Fred (01-06-2019),
Telepierre (01-06-2019)
01-06-2019, 11:50 AM
#60
Race Director
Oh and I might soon be benefitting from this trend in C7 prices. I think I can get high teens for my ‘08 and I’m seeing ‘14 2LT Z51s with pretty low miles in the mid to high 30’s. Not a bad time to make the move with Caravan 2019 coming up...