RichieRich

I've been thinking of buying a lower end ME exotic, especially one with a manual trans, in the next few years. But the ME Vette really has me thinking - What impact does a ME Vette in the $80-$100K range have on a used car in that range like the Audi R8, Ferrari F430, Ferrari 360, Lambo Gallardo, etc?

Those cars are great buys as they are likely at the bottom at their depreciation curves at the moment. So cost of ownership is almost entirely in the maintenance rather than in the depreciation as with a new car. But will a new ME car with superior performance lower the bottom of that depreciation curve?

Curious what you all think.

fasttoys

I think the impact will be unknown till we find out more on the ME performance and pricing. The Acura NSX is not selling, I been given discounts around 32k for new cars on dealers lots. The NSX which has a Lower entry price than most ME has not impacted sales on the cars you mentioned. I just sold my R8 and they are great cars just make sure you get the Fidelity warranty through Audi. Pre-owned Exotic cars are not cheep to fix, mag ride shock replacement on an R8 is over 8k installed by a dealer. My cost for shocks is 5,200 then I have to install them. Unfortunately all will leak over time mine did at 18k miles. I am waiting for the ME as I been on a wait list for two years, if the performance, looks and pricing don’t meet my expectations I am buying another exotic either Lambo or McLaren.

dmaxx3500

Ferrari/lambos,are such rare cars,the ME vette,wont make a dent in anything

JerriVette

I believe the mid engine corvette will have an effect on other mid engine vehicles that are rather exotic.....

I think this will put a slight downward pressure on used Italian and German mid engine sports cars.

But it won't last ...
PRices will rebound.

Kappa

Absolutely none.

senah

it will definitely have an effect on the price of used exotics. engines and transmissions cost tens of thousands of dollars for audis, ferraris, lambourghinis, etc. and basic services start at $500+. on a 6.2 you can do your own oil change for less than 30 dollars, with no expensive valve adjustments or cam chain tensioners or belt replacements to deal with. plus you get a new car with full warranty, all for less money than most used exotics.

if the economy stays reasonable, i hope gm is willing to run 24 hour shifts, cause they will sell a lot of these cars unless they are butt ugly, which is highly unlikely.

NY09C6

It will have no impact. People aren't buying exotics because they need more performance than the current Corvette offers. They are buying them for status, which is something the Corvette will not provide.

Quinten33

It’ll have no effect, but I’m just curious about how cheap these things will be used. We could see a used Mid engine Corvette listed for $50k in 5-6 years.

sunsalem

This.


Equating a Corvette to an Exotic ain't gonna work...2 different markets.

Jackie Chiles

Not entirely. I dreamed of owning a used exotic until Corvettes started dumping all over them performance-wise. Now I'd feel foolish buying an under-preforming, expensive exotic.

JerriVette

I believe you will see new 500 hp naturally aspirated LT1 v8 rear mid engine corvettes starting at 60 grand so I doubt you ll have to wait five years for preowned versions to hit 50 or 60 grand...

Get a GM credit card to knock a few grand off as well.

The new cards don't have a limit as to how much discount accumulation you can apply I believe...

I haven't followed it lately but it might assist you as well.

Mjolitor 68

There are different segments but your point is valid for the Posers & people who know or care nothing about race history.

Corvette has nothing to be ashamed of re race history which is pedigree.

Mjolitor 68

When posers get their first bill for the major service they’ll start looking at the Corvette.

OnPoint

The Italians snickered at the first gen NSX. At first. Until it forced them to up their game on engineering, and exposed the ridiculous fragility of their rigs.

I don't know what it did to the re-sale of the exotics at the time. But the NSX forced everybody to get better.

An ME Corvette done well would be welcome by enthusiasts.

JerriVette

Are you guys kidding? Buying a corvette for 60 to 140 grand depending on option packages and models chosen within corvette will be awesome.

It's going to decimate the eurosnob crowd like corvettes always do...

It's part of corvette heritiage to crush European sports cars...front or mid engine...or rear engine for that matter...

It's one of the reasons we Americans love corvettes...

Values of used exotics? There is always a sucker to over pay for what they get ....and my favorite laugh is when the service and maintaince bills come in for the exotics that the owners are afraid to drive them...every day for fear of breakage or depreciation...

Screw that crap!

Corvettes are meant to be driven and enjoyed...

LIStingray

People that buy 5-15 year old Ferrari's, Lambo's & Ford GT's do so because of the status and awe factor the general public gives them - they aren't buying them for on track performance. Even if a new ME Corvette was the same price as an F360, they would not attract the same buyer.
ME Corvette might cut the value of a used NSX or R8, but that is just because there is no real wow & awe factor in the minds of the average person in owning one - you own an Audi or Acura - who the hell cares.

Yarbie

Anyone thinking the new C8 will be around 60 grand in high.

Minimum starting price will be $80,000 plus. Minimum.

sunsalem

The point I was trying to make.
Some guys believe track performance is the distinguishing factor in choosing a Sportscar.
That so few track their cars tells you it isn't right off the bat.

VETTE-NV

Nope. Probably about the same price as a 1LT GS. And I AM high. So what????

NY09C6

GM can't have the starting price of the Corvette be 80k. It doesn't fit the budget of a Corvette driver. If you believe the front engine car remains as the base model and the mid engine car fills the z06/zr1 slot then 80k or even 90k is easily possible.