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How much will the ZR1 value drop when the C8 comes out

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How much will the ZR1 value drop when the C8 comes out

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Old 01-06-2018, 02:57 AM
  #21  
themonk
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Originally Posted by sunsalem View Post
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?
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.

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.
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Old 01-06-2018, 07:02 AM
  #22  
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Originally Posted by themonk View Post
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".
I was not comparing the C8 to the 911, or implying that their pricing were, or will be, similar. What I was trying to convey is that Chevy may keep the front engine line when the C8 comes out, mirroring the way that Porsche has the Cayman and the 911, having 2 distinct sports car lines and markets them separately. Remains to be seen just how the C8 will be priced, and yes if it gets into 911 territory it raises which would you rather have. But to properly answer that question we will have to wait until the C8 comes out and just see what performance it offers and the price.

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Old 01-06-2018, 12:40 PM
  #23  
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Originally Posted by themonk View Post
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.
Agreed.
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.
No argument here.
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.)
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Old 01-06-2018, 12:49 PM
  #24  
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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.
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Old 01-06-2018, 01:46 PM
  #25  
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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..
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Old 01-08-2018, 12:57 AM
  #26  
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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.
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Old 01-08-2018, 01:11 AM
  #27  
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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.
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Old 01-08-2018, 11:01 AM
  #28  
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Will the factory be shut down for the production of the C8 Mid Engine or will it be made somewhere else like the Ford GT? Someone out there must know?
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Old 01-09-2018, 02:04 PM
  #29  
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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.
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Old 01-09-2018, 05:25 PM
  #30  
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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.
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Old 01-09-2018, 05:27 PM
  #31  
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Originally Posted by direct007 View Post
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.
That seems to me that remains to be seen! Hopefully they will sell well!
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Old 01-10-2018, 02:02 PM
  #32  
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Originally Posted by CORVETTEZL1001 View Post
Just wait for C9 that way you don’t lose money on the ZR1 or the C8.
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

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Old 01-10-2018, 04:16 PM
  #33  
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Originally Posted by TheVettePirate View Post
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
No No you really need to wait for the C11 because it will have 25HP more and only be $40,000 for the 1200HP Quad turbo.. Man I can't wait!!
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Old 01-10-2018, 08:49 PM
  #34  
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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)
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Old 01-11-2018, 04:08 PM
  #35  
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I'm sure it's residual value will be very close to the previous generation ZR1s.
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Old 01-12-2018, 04:46 AM
  #36  
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Originally Posted by JerriVette View Post
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)
How is the C6 ZR1 holding its value well? MSRP was over 100k when new and you can get them in the 50s now.
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Old 01-12-2018, 11:51 AM
  #37  
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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..
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Old 01-12-2018, 12:05 PM
  #38  
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Originally Posted by TheVettePirate View Post
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
When this baby hits 88MPH...
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Old 01-12-2018, 09:52 PM
  #39  
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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.
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Old 01-13-2018, 07:25 AM
  #40  
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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.
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