C7 - post C8 status?
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St. Jude Donor '12
C7 - post C8 status?
I am just wondering how the C7 (especially C7 MT) will be viewed and/or valued after the C8 arrives and the front engine becomes a part of Corvette history. I am driving mine less (but enjoying every minute when I do.... 2019 GS MT) in order to keep the mileage down (I have another car too)….. and am just waiting to see how this car is viewed in a year or so. I am not a fan AT ALL of the C8 direction, losing the rear storage is a show stopper for me...…. increased performance does not offset the loss in "functionality" IMHO......
Safety Car
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From: Northern VA, USA
Unless something hugely unlikely happens - like the C8 is totally a bust and not usable on a track or, the price is a significant increase making it out of reach for many , the value of the C7 will likely decline when the C8 is available to purchase. Dealers will need to discount the remaining C7s sitting next to C8s (as long as they are somewhat similarly priced) which will impact the value of the used C7s.
Sure, there will be a handful of people who will say they don't want a C8 because they want a clutch pedal, or a front engine car. But not enough (that don't already own a C7) to drive the market up. Betting on the value of a mass produced, now pretty well discounted car to go up when it is a generation old is generally a losing proposition.
I have low miles on a few of my cars as well, but I can tell you the little extra value on a low mileage Corvette (because so many are low miles) may not be worth not being able to enjoy it....
Sure, there will be a handful of people who will say they don't want a C8 because they want a clutch pedal, or a front engine car. But not enough (that don't already own a C7) to drive the market up. Betting on the value of a mass produced, now pretty well discounted car to go up when it is a generation old is generally a losing proposition.
I have low miles on a few of my cars as well, but I can tell you the little extra value on a low mileage Corvette (because so many are low miles) may not be worth not being able to enjoy it....
Last edited by z28lt1; May 8, 2019 at 10:51 AM.
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I think the C8 is testing a market that has literally never been tested before. The closest form factor competitors are Ferraris and Lambos (or maybe the R8) that are generally so far away in price and production numbers that you can hardly compare the markets at all.
Is the "average" vette buyer that is responsible for the expected 30k+units/year in the first three years going to be willing to give up the significant rear storage? I think that is the single biggest question yet to be answered.
And of course there are going to be a subset of people that can't give up the manual. I'm in that camp as well for now.
There are a gazillion manual C7's though; while their values might hold up slightly better than normal long term with no manual C8, I wouldn't count on certainly in the short term and you'll have to get years down the line to where all of them are used cars before you'll get to see any pattern emerging.
Is the "average" vette buyer that is responsible for the expected 30k+units/year in the first three years going to be willing to give up the significant rear storage? I think that is the single biggest question yet to be answered.
And of course there are going to be a subset of people that can't give up the manual. I'm in that camp as well for now.
There are a gazillion manual C7's though; while their values might hold up slightly better than normal long term with no manual C8, I wouldn't count on certainly in the short term and you'll have to get years down the line to where all of them are used cars before you'll get to see any pattern emerging.
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St. Jude Donor '12
I fully intend to drive and enjoy the C7, I'm just not going to drive them for a year or so, 12-15k miles and then get a new one like I have done for many years. I remember having this same feeling when I had my 1967 427 and they "changed everything" after that. I wonder if these c7's will be looked at as "lovingly" someday as that '67 is now? I don't really care at all about the dollar value of the car, now or in the future, just curious of how it will be viewed "down the road"! I AM going to try to be open minded about the C8 and after it settles in for a year or two I'll see how I feel. Since I now have a second vehicle (2019 BMW X3 - SUV), the rear storage in the vette isn't as big of an issue but I suspect it WILL be for a segment of the Corvette market.
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I am just wondering how the C7 (especially C7 MT) will be viewed and/or valued after the C8 arrives and the front engine becomes a part of Corvette history. I am driving mine less (but enjoying every minute when I do.... 2019 GS MT) in order to keep the mileage down (I have another car too)….. and am just waiting to see how this car is viewed in a year or so. I am not a fan AT ALL of the C8 direction, losing the rear storage is a show stopper for me...…. increased performance does not offset the loss in "functionality" IMHO......
Last edited by V Vette; May 8, 2019 at 11:16 AM.
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I will say that if you look at "last manuals", those are always valued.
If both were made, no one, years down the line, is saying "I got to get my hands on one of those automatics brah!". It doesn't happen.
In every case so far from Porsche, Aston, Ferrari, etc, the manuals, and especially the last manuals, are valued once they've transitioned the same models to auto-only.
I wouldn't expect mass produced Chevys to have nearly as much of that factor going, but it wouldn't surprise me at all if there is some of it by the end of the C8 run.
If both were made, no one, years down the line, is saying "I got to get my hands on one of those automatics brah!". It doesn't happen.
In every case so far from Porsche, Aston, Ferrari, etc, the manuals, and especially the last manuals, are valued once they've transitioned the same models to auto-only.
I wouldn't expect mass produced Chevys to have nearly as much of that factor going, but it wouldn't surprise me at all if there is some of it by the end of the C8 run.
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Drifting
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Hold on to it for 50 years and when gas powered cars are illegal it may pull some coin. Assuming no one else did. On a serious note, my guess is prices won’t move much in the used market.
Last edited by rb185afm; May 8, 2019 at 11:26 AM.
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St. Jude Donor '12
a better design for what purpose? No doubt it will be a better performer but will it have enough "functionality" (storage, comfort, transmission options etc) to meet current sales levels? Or maybe, they have a "DIFFERENT" sales level in mind? I can't wait to experience all of this as it unfolds and then form a more "educated" opinion...…...
Safety Car
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From: Northern VA, USA
I don't know why we are stuck on "rear" storage. They'll likely be some small storage in the rear, but the primary storage will be in the front. We'll have to see how the whole thing is packaged, but as a total guess, I would think we'll see storage similar to the current convertibles, which is a far cry from what you can currently fit in the hatch, but is pretty usable if your goal is a road trip with a couple of bags....we'll see.
Racer
Joined: Apr 2017
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personally i think that the value is really gunna be in what someone is worth paying. i see cars go thru auctions all the time, sometimes you get a surprise where someone bid way to much and vice versa.. i just got my M7 and even thou i drive it i still don't put many miles on it. not because i dont want to but rather my trips are short. but i will say this, I DO ENJOY IT and that is what is important!
cheers!
Mike
cheers!
Mike
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From: Commerce Texas
I have, in addition, to my C7 (sixth Corvette in 30 years)... a 328 GTB Ferrari. Yes, the trunk is small compared to my C7.
And while I typically carry a couple of cases of wine in the C7, along with a Yeti cooler and my soft-sided leather bag and have room for other stuff...
...the F-car will only allot me one case of wine - I can put two - but I have to redo the bag thing... so, it's a case of wine, my bag, boots, shoes, and some other miscellaneous stuff....
...the Yeti? I put that in passenger seat.
I've been "rowing gears" for more than 60 years...: 3 on the tree, 4 on the tree, 3, 4, 5, 6, and, now, 7 on the floor... ...but I'm not wedded to a MN transmission....
I'll likely buy a C8 when they become available at MSRP or slightly below - you know, after the initial frenzy. Only problem with that is that I may be buying it for my 80th birthday - I'm just four months away from being 78.
Love both my cars.... and, yes, I do drive the Ferrari, about 10K miles a year.... C7, about 20K....
And while I typically carry a couple of cases of wine in the C7, along with a Yeti cooler and my soft-sided leather bag and have room for other stuff...
...the F-car will only allot me one case of wine - I can put two - but I have to redo the bag thing... so, it's a case of wine, my bag, boots, shoes, and some other miscellaneous stuff....
...the Yeti? I put that in passenger seat.
I've been "rowing gears" for more than 60 years...: 3 on the tree, 4 on the tree, 3, 4, 5, 6, and, now, 7 on the floor... ...but I'm not wedded to a MN transmission....
I'll likely buy a C8 when they become available at MSRP or slightly below - you know, after the initial frenzy. Only problem with that is that I may be buying it for my 80th birthday - I'm just four months away from being 78.
Love both my cars.... and, yes, I do drive the Ferrari, about 10K miles a year.... C7, about 20K....
Burning Brakes
Joined: Jul 2014
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I think the c7 or it may be called something else but a front engine corvette will remain along side a mid engine. GM has hired 400 additional works for a 2nd shift at the bowling green plant....the c8 will not need two shifts and 400 more works. I do believe caddilac will be getting a car from bowling green but that does not need 400 worker either.
this is what I think anyway. I also think the front engine vette will have 2 engines v8 and turbo v6
this is what I think anyway. I also think the front engine vette will have 2 engines v8 and turbo v6
Drifting
Joined: Nov 2005
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many worry about the lil'est things.
Will the GM "software" be ok? Will hydraulic leaks in the convertible top hardware which sits in the new ME engine compartment be a source of this problem? "Bad" o-rings, didn't that bring down a space shuttle?
2016-18 Fort GT fire recall
did find a good primer on the care and feeding of a ME car:
why a supercar can become a superfire
Personally I'm not gonna buy into the Smokey Bear "Only YOU can prevent mid-engine car fires" lifestyle.
"Vehicle Sympathy" What a concept.
Will the GM "software" be ok? Will hydraulic leaks in the convertible top hardware which sits in the new ME engine compartment be a source of this problem? "Bad" o-rings, didn't that bring down a space shuttle?
2016-18 Fort GT fire recall
did find a good primer on the care and feeding of a ME car:
why a supercar can become a superfire
Personally I'm not gonna buy into the Smokey Bear "Only YOU can prevent mid-engine car fires" lifestyle.
"Vehicle Sympathy" What a concept.
Last edited by SilverGhost; May 8, 2019 at 02:32 PM.
Drifting
Joined: Aug 2005
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From: Melbourne FL
I don't know why we are stuck on "rear" storage. They'll likely be some small storage in the rear, but the primary storage will be in the front. We'll have to see how the whole thing is packaged, but as a total guess, I would think we'll see storage similar to the current convertibles, which is a far cry from what you can currently fit in the hatch, but is pretty usable if your goal is a road trip with a couple of bags....we'll see.