Another ME Rumor
12-03-2017, 08:26 AM
#21
Why? Competing cars w/ the performance of a base Stingray, GS, or Z06are all 2X more expensive.
Why does everyone think just because it's an ME platform that the Corvette price will go into the stratosphere? There's nothing all that more inherently expensive about ME platforms and $200K just does not fit the Corvette business model.
Why does everyone think just because it's an ME platform that the Corvette price will go into the stratosphere? There's nothing all that more inherently expensive about ME platforms and $200K just does not fit the Corvette business model.
GM are fools if they raise the base price of the mid-engine C8 just ONE DOLLAR over the current base MSRP of $55k..
People seem to forget the Pontiac Fiero and the Toyota MR2........
Last edited by SSsedanM6; 12-03-2017 at 08:40 AM.
12-03-2017, 12:52 PM
#22
Team Owner
What is far more expensive about ME platforms is their inability to sell in any real volume, which makes design, engineering, tooling, testing, marketing, and just about anything else you can think of (design & build overhead) far more expensive on a per car basis. GM's model for the C5-C7 Corvette is to base design and build overhead cost per car over a 6 model year and 150,000 total unit production cycle (C5's sold 245,000+, C's sold 190,00+, C7 so far is at 170,000+) - above that profit goes up, below that and they lose money.
So far, no ME performance car, including the Boxter/Cayman has sold even 100,000 units in a 6 year model cycle - so costs must go up. If GM goes with 10,000 units per year, compared with 25,000 in the C5-C7 plan, design & build overhead per car must go up by 2.5x.
So far, no ME performance car, including the Boxter/Cayman has sold even 100,000 units in a 6 year model cycle - so costs must go up. If GM goes with 10,000 units per year, compared with 25,000 in the C5-C7 plan, design & build overhead per car must go up by 2.5x.
Due to the huge popularity of the C5, they averaged approximately 35,000 annually and produced it for seven years. It was also much cheaper to build than the old C4.
12-07-2017, 09:21 PM
#23
I think it's all going to depend on whether the ME will eventually be the only version or there will be both a FMR and a ME platform.
I'm in the camp that believes the ME car will be a new model in addition to the front engine Corvette.
Basically the ME will be an addition to the Corvette "brand" to expand the product line. It will be like Porsche having the Cayman and the 911 platforms.
The Corvette FMR will continue to start at roughly $60k range in the next gen (in the Cayman price range), while the ME will start at around Porsche 911 range of around $90k +/-.
With the overwhelming success of the C7, it just makes sense for GM to expand the Corvette umbrella and sell more cars. The factory is doubled in size for a reason. The front engine Corvette will continue to out perform the Cayman and the ME Vette will out perform the 911. Exciting times ahead.
Last edited by GOC; 12-07-2017 at 09:23 PM.
12-08-2017, 09:33 AM
#24
Race Director
Don't base your thoughts on the Fiero and MR2. The Fiero was half baked when released and by time GM got it right (the LAST year), it was too late. The MR2 was just UGLY!
12-08-2017, 02:11 PM
#25
$90,000 BASE THEN 1 2 3 LT or whatever they call it. It seems everyday the ME gets farther away from me
12-09-2017, 10:46 AM
#26
12-09-2017, 10:51 AM
#27
Le Mans Master
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St. Jude Donor '15-'16,'18
What if it's a Cadillac? Would that justify a $100k starting price?
12-09-2017, 11:14 AM
#28
If the mid engine is targeting the 911 then a base of 80k to 85k still undercuts the base price of a 911.
All 911's with the PDK sticker for well over 90k before you add the options which add up quickly.
GM has already taken that page out of 911 play book on offering a Z06/ ZR1 and then it's easy to add another 25k or more in options.
My 2016 Z06/ Z07 MSRP of 110k plus another 20k for the Callaway SC 757 package with upgraded Ron Davis Radiator and shipping from. Bowling Green to Callaway and the Callaway to Tampa Fl.
So if the mid engine starts at 80k with a manual transmission then add 5k for DCT Trans it's still priced less than the car GM has set as its target of performance and ownership group.
Those that want a base price of 70k might get there with no DCT and a 1le level of options. BTW no one order or buy the LT1 now as it is. The dealer may have 1 in stock as a way to get buyers into showroom but look at production number sense 2015 intro of Z06.
2 LT AND 3 LT TRIM LEVELS make up over 90% of all Corvette. With the 3lt being the most expensive and most common ordered configuration.
Let face it if a guy is buying a 80k Z06 he is going to spend the extra 10 to 15k and get the car with the most popular option. No one wants simulated leather in the 80k plus car.
All 911's with the PDK sticker for well over 90k before you add the options which add up quickly.
GM has already taken that page out of 911 play book on offering a Z06/ ZR1 and then it's easy to add another 25k or more in options.
My 2016 Z06/ Z07 MSRP of 110k plus another 20k for the Callaway SC 757 package with upgraded Ron Davis Radiator and shipping from. Bowling Green to Callaway and the Callaway to Tampa Fl.
So if the mid engine starts at 80k with a manual transmission then add 5k for DCT Trans it's still priced less than the car GM has set as its target of performance and ownership group.
Those that want a base price of 70k might get there with no DCT and a 1le level of options. BTW no one order or buy the LT1 now as it is. The dealer may have 1 in stock as a way to get buyers into showroom but look at production number sense 2015 intro of Z06.
2 LT AND 3 LT TRIM LEVELS make up over 90% of all Corvette. With the 3lt being the most expensive and most common ordered configuration.
Let face it if a guy is buying a 80k Z06 he is going to spend the extra 10 to 15k and get the car with the most popular option. No one wants simulated leather in the 80k plus car.
12-09-2017, 11:34 AM
#29
12-09-2017, 03:06 PM
#30
Safety Car
Yes, the NA Engine Forecast is now showing zero units for the “Cadillac Sports Car.”
12-09-2017, 03:44 PM
#31
Le Mans Master
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St. Jude Donor '15-'16,'18
I'm disappointed. Was looking forward to what GM could do in terms of marketing a "Luxury/Performance Mid Engine Sports Car".
12-12-2017, 02:20 PM
#32
Agree with you, Foosh. This has gotten me wondering about how the new C8 will affect the C7 Values.
Something tells me it'll hit hard, as I can't imagine the new C8 being that much more (rumored it'll have 3 engine types?) $$
Something tells me it'll hit hard, as I can't imagine the new C8 being that much more (rumored it'll have 3 engine types?) $$
Why? Competing cars w/ the performance of a base Stingray, GS, or Z06are all 2X more expensive.
Why does everyone think just because it's an ME platform that the Corvette price will go into the stratosphere? There's nothing all that more inherently expensive about ME platforms and $200K just does not fit the Corvette business model.
Why does everyone think just because it's an ME platform that the Corvette price will go into the stratosphere? There's nothing all that more inherently expensive about ME platforms and $200K just does not fit the Corvette business model.
12-12-2017, 03:19 PM
#33
Melting Slicks
12-12-2017, 03:22 PM
#34
Instructor
12-12-2017, 04:25 PM
#35
Just in the past 6 months everyone who owns a C7 know has lost 10k plus in value due to the incredible offer from GM on the sale of new C7.
Hang on its going to be ugly for those of us with a C7.
12-12-2017, 06:40 PM
#36
It's a well documented fact that the move to a mid-engine for Corvette represents a minimal cost increase.
These baseless assumptions of a price increase are ridiculous.
The C7 is already overpriced, and a C8 price increase will be suicide for GM.
I don't really care anymore. My next car will have an engine behind the cabin, whether I buy from GM, or the Euros.
Give the C8 and exotic price, then many of us will just buy an exotic instead.
12-12-2017, 08:29 PM
#37
Safety Car
Give the ME a typical Corvette SR/GS entry price, make it drop dead gorgeous (and I have no doubts about both of those things), and bring on our 2020 model year, ME reality, and “they will come.”
And they will buy and buy and buy.
I am excited, for we will see the mid engine revealed in longer than 396 more days, maybe even this summer just before LeMans.
And for those who wish to buy a C7, at least for 2020 and 2021, you will be able to do just that. Fun times ahead for us all.
And they will buy and buy and buy.
I am excited, for we will see the mid engine revealed in longer than 396 more days, maybe even this summer just before LeMans.
And for those who wish to buy a C7, at least for 2020 and 2021, you will be able to do just that. Fun times ahead for us all.
Last edited by elegant; 12-12-2017 at 08:29 PM.
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12-13-2017, 06:49 AM
#38
Le Mans Master
I hope to be able to purchase a new C8. It's either that or the Cayman, but I like more power than the Cayman offers.
My max budget is about $85k so I guess we'll see here in a couple years.
My max budget is about $85k so I guess we'll see here in a couple years.