How much will the ZR1 value drop when the C8 comes out
#21
Team Owner
IF the C8 is an ME, it will be the former.
No way will GM allow the price of a Corvette to jump that much in one generation.
We will just have to agree to disagree on that one.
Tadge didn't seem to think so:
http://www.corvetteblogger.com/2015/...vette-program/
Which Porsche are you comparing to what Vette?
No way will GM allow the price of a Corvette to jump that much in one generation.
We will just have to agree to disagree on that one.
Tadge didn't seem to think so:
http://www.corvetteblogger.com/2015/...vette-program/
Which Porsche are you comparing to what Vette?
If you base your comparison on, let's make it simple, the best performer that both manufacturers have to provide, the yet to be proven ZR1 vs the yet to be proven aside from the Nurburgring GT2 RS who comes out on top....Porsche of course.
Last edited by themonk; 01-06-2018 at 03:00 AM.
#22
you raise the price of a Corvette then you put it square against a 911, all things being equal at that point why wouldn't you buy a Porsche with a higher resale value, better quality, more panache? Keep the price of the Corvette low then you have the excuse "it's no Porsche but it cost thousands less for 9/10ths the performance".
Last edited by mjf6175; 01-06-2018 at 09:11 AM.
#23
Well that depends, do you want to compare a Stingray to a base 911 C2 as a starting point? There are so many Porsches vs 4 flavors of Corvette. Putting money aside there are Porsches that can compete with every level of Corvette, it all depends on where you draw the line.
Just too many versions of the 911 available right now to make an easy comparison.
If you base your comparison on, let's make it simple, the best performer that both manufacturers have to provide, the yet to be proven ZR1 vs the yet to be proven aside from the Nurburgring GT2 RS who comes out on top....Porsche of course.
The ZR1 hasn't set an official time yet; sure will be interesting to see what it can do (assuming there will ACTUALLY be an official time for Corvette's Top Dog this time.)
#24
Team Owner
Member Since: Oct 2013
Location: Kansas City, Missouri
Posts: 25,347
Received 7,752 Likes
on
4,181 Posts
CORVETTE TODAY Host
St. Jude Donor'15
The ZR1 and the ME are two completely different cars. I don't see the value of the ZR1 dropping any more than normal when the mid-engine arrives.
#25
Melting Slicks
Whenever the ME does finally come out it will probably be like the C7 was. They will bring the base model (Stingray) out for a year or 2 the the mid level (Z06) for a year or 2 then the big daddy (ZR1) out. They way I see it is I'm putting my order in on Monday for a ZR1 and I'm being told I could have it in late March. I will drive it until the ME big daddy what ever it will be called comes out then trade for it. Or I will get bored with the ZR1 and grab the mid level ME when it comes out and drive it until the big daddy whatever comes it and trade.. I think you guys get the picture. If you're worried about losing money then buy a used Honda.. You will more than likely never make money when you buy a new car..
#26
Melting Slicks
From what I understand there is more demand than supply for the ZR1. This alone will keep the price high regardless on how the C8 affects the market down the road.
#27
That's not how "demand" works.
Demand is a fickle beast...it fluctuates over time.
A perfect example is the 2004-6 Ford GT.
Towards the end of its production, they could be had very easily from dealers at MSRP (even lower maybe?).
My local dealer was begging me to buy one...stupidly I didn't realize there would be a huge demand for them later.
Demand is a fickle beast...it fluctuates over time.
A perfect example is the 2004-6 Ford GT.
Towards the end of its production, they could be had very easily from dealers at MSRP (even lower maybe?).
My local dealer was begging me to buy one...stupidly I didn't realize there would be a huge demand for them later.
#29
Melting Slicks
Did you see the sky falling on the C6 ZR1 values when the C7 Z06 came out with even more HP? NO!
The ZR1 and the ME are two completely different cars. I don't see the value of the ZR1 dropping any more than normal when the mid-engine arrives.
#30
Team Owner
Depends on if the new King! If it is the ZR1 or the ME.
The ZR1 as king might be short lived if GM comes with an ME with a Turbo with 850 hp plus lighter weight. The value drops on all of them. Anyway you slice it! They just keep making more.
The Z06 is retaining value the most right now. Options don't count for much.
The ZR1 as king might be short lived if GM comes with an ME with a Turbo with 850 hp plus lighter weight. The value drops on all of them. Anyway you slice it! They just keep making more.
The Z06 is retaining value the most right now. Options don't count for much.
#31
Team Owner
#32
Race Director
I'm waiting on the C10, I was talking to a guy at pet smart and he said he heard from a guy he knows that works at Ford that the C10 corvette was going to have a Flux Capacitor
Last edited by Monkey D. Luffy; 01-10-2018 at 02:03 PM.
The following users liked this post:
sunsalem (01-10-2018)
#34
Race Director
I believe the c6 zr1 is holding its value well and will be representative of what we should see percentage wise with the c7 zr1 as the c8 releases...
The excellence of the zr1 will be no less just because the c8 releases...even as it most probably will expand the performance envelope as the c8 zr1 comes out..(or whatever they call it)
The excellence of the zr1 will be no less just because the c8 releases...even as it most probably will expand the performance envelope as the c8 zr1 comes out..(or whatever they call it)
#36
Banned Scam/Spammer
I believe the c6 zr1 is holding its value well and will be representative of what we should see percentage wise with the c7 zr1 as the c8 releases...
The excellence of the zr1 will be no less just because the c8 releases...even as it most probably will expand the performance envelope as the c8 zr1 comes out..(or whatever they call it)
The excellence of the zr1 will be no less just because the c8 releases...even as it most probably will expand the performance envelope as the c8 zr1 comes out..(or whatever they call it)
#37
Race Director
3 to 5 years normal depreciation off of the actual transaction price (not msrp) is 50 percent.
To expect anything more is unrealistic.
This is how all vehicles depreciate...
I expect the c7 depreciation model to follow previous and normal depreciation trends..
To expect anything more is unrealistic.
This is how all vehicles depreciate...
I expect the c7 depreciation model to follow previous and normal depreciation trends..
#39
Scraping the splitter.
IMO, if there is a ME C8 it will be in high demand. I think the huge departure from tradition is going to attract a LOT of people. This will be taking Corvette in an entire new direction. And I think it will suppress values of C7 cars.
Of course, that's a big "if". Maybe the ME we've been seeing for all this time is actually a Cadillac.
S.
Of course, that's a big "if". Maybe the ME we've been seeing for all this time is actually a Cadillac.
S.
#40
A 5.5 L DOHC with a DCT, esp if turbocharged, would make the C8 much more desirable to some than the ZR1.
If GM puts the LT5 in the Camaro Z28, it won't be so exclusive either.
http://gmauthority.com/blog/2018/01/...carbon-brakes/
http://www.roadandtrack.com/new-cars...en-spy-photos/
If I couldn't get a ZR1, I could make do with an LT5 powered Z28.
If GM puts the LT5 in the Camaro Z28, it won't be so exclusive either.
http://gmauthority.com/blog/2018/01/...carbon-brakes/
http://www.roadandtrack.com/new-cars...en-spy-photos/
If I couldn't get a ZR1, I could make do with an LT5 powered Z28.