Validation of ZORA cost value
09-30-2018, 10:00 AM
#1
Melting Slicks
Thread Starter
Validation of ZORA cost value
This was just posted on another Mid Engine forum that all of you can check out. If this is correct, the ZORA is the very expensive car that we've been talking about.
Originally posted by dcbingaman View Post
Went to a Cars and Coffee today and saw the Big Dog ZR1 with the full aero. pkg., and talked to the owner. He just took delivery at NCM.
A couple interesting things he told me. He said it was the LAST manual ZR1 EVER. When he got it, it was the wrong color - a light gray vs. the darker Watkins Glen Gray. He was not happy, but was told if he wanted a manual he had to take it. GM told him that the ZR1 was limited to 2000 total - :all MY2019, and ALL the manuals have already been sold. To make him happy, they offered him $5000 off a C8 and full value for his trade (the ZR1). They also knocked $5000 off his ZR1.
He confirmed that 2019 is the last year for the C7, and the C8 will start production in late summer 2019 as a MY2020 ME.
Don,
This information implies that the ME is more expensive than a ZR1 when it will be used as a trade in for the ZORA. Do you remember if the car interior was optioned up? Knowing that the ZR1 bandwidth is 120K - 151K, and the fact that they will give full value of the ZR1 plus 5K off for trade in. Don, maybe you could clarify whether this trade in info was given by GM or your dealer. All of your statement implies a very expensive Zora will be coming our way.
Originally posted by dcbingaman View Post
Went to a Cars and Coffee today and saw the Big Dog ZR1 with the full aero. pkg., and talked to the owner. He just took delivery at NCM.
A couple interesting things he told me. He said it was the LAST manual ZR1 EVER. When he got it, it was the wrong color - a light gray vs. the darker Watkins Glen Gray. He was not happy, but was told if he wanted a manual he had to take it. GM told him that the ZR1 was limited to 2000 total - :all MY2019, and ALL the manuals have already been sold. To make him happy, they offered him $5000 off a C8 and full value for his trade (the ZR1). They also knocked $5000 off his ZR1.
He confirmed that 2019 is the last year for the C7, and the C8 will start production in late summer 2019 as a MY2020 ME.
Don,
This information implies that the ME is more expensive than a ZR1 when it will be used as a trade in for the ZORA. Do you remember if the car interior was optioned up? Knowing that the ZR1 bandwidth is 120K - 151K, and the fact that they will give full value of the ZR1 plus 5K off for trade in. Don, maybe you could clarify whether this trade in info was given by GM or your dealer. All of your statement implies a very expensive Zora will be coming our way.
Last edited by skank; 09-30-2018 at 10:08 AM.
09-30-2018, 10:07 AM
#2
Pro
Skank! Your sleuthing ability has paid dividends here. Trading a brand new ZR1 in on an ME is not a "straight across" endeavor for any dealer! Even a basic ZR1 with the aero package is in the neighborhood of $125,000. Do the math people!! He has been effectively told that trading in on a new ME is going to cost him more then that!! Thanks Binger and Skank for the first semblance of reality on the true cost of an ME.
This may also imply that GM will produce a C8 front engine (FE) to keep a finger in the entry level pie.
This may also imply that GM will produce a C8 front engine (FE) to keep a finger in the entry level pie.
Last edited by ltomn; 09-30-2018 at 10:12 AM.
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bebezote (09-30-2018)
09-30-2018, 10:21 AM
#3
You might interpret it that way but what they said was "full value for his trade" that doesn't mean the M8 couldn't cost less, they could simply give him a check back for the difference. There is no way the base model M8 will be $100K plus since the M8 ME is replacing the C7 FE.
Not to mention the dealer who made this promise has no idea what the cost of the M8 will be.
Not to mention the dealer who made this promise has no idea what the cost of the M8 will be.
Last edited by Redc8z06; 09-30-2018 at 10:23 AM.
09-30-2018, 10:26 AM
#4
Pro
That is absurd!! GM is not in the business of selling an expensive car and then buying it back! They don't buy cars! They sell cars!! You can double down this statement for a "dealer!" They definitely do not write a check for a trade in.
Last edited by ltomn; 09-30-2018 at 10:32 AM.
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bebezote (09-30-2018)
09-30-2018, 10:30 AM
#5
Melting Slicks
65-70 000$ all day long...
Nothing changed,The 2020 C8 is not the top dog ZR1 model.
Every one is paying big bucks for ZR1’s,
both C6 and C7’s.
Low production numbers,and they are going to be very stubborn against depreciation throughout the years.
Nothing changed,The 2020 C8 is not the top dog ZR1 model.
Every one is paying big bucks for ZR1’s,
both C6 and C7’s.
Low production numbers,and they are going to be very stubborn against depreciation throughout the years.
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Spades11 (09-30-2018)
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bebezote (09-30-2018)
09-30-2018, 10:33 AM
#7
Le Mans Master
Skank! Your sleuthing ability has paid dividends here. Trading a brand new ZR1 in on an ME is not a "straight across" endeavor for any dealer! Even a basic ZR1 with the aero package is in the neighborhood of $125,000. Do the math people!! He has been effectively told that trading in on a new ME is going to cost him more then that!! Thanks Binger and Skank for the first semblance of reality on the true cost of an ME.
This may also imply that GM will produce a C8 front engine (FE) to keep a finger in the entry level pie.
This may also imply that GM will produce a C8 front engine (FE) to keep a finger in the entry level pie.
As for the price of an ME, your calculus doesn’t include the fact that a new car loses nearly 40% of its price when u roll it over the curb. Trades are worked in the car business based on wholesale not retail or MSRP. A dealer is an independent business. GM can’t re-negotiate a deal that was a contract between the buyer of the ZR1 and the dealer. Talk is cheap. I’d love to see the sales agreement for that C8 if it ever got done.
The idea that GM would think there is a multi year market of 25k+ units/annum for a 125k+ ME is absurd. There is no Board of Directors that would have bought that business plan.
09-30-2018, 10:34 AM
#8
Pro
I draw your attention to the original post! As well as the "List" thread. The C8 is the new flagship!
09-30-2018, 10:40 AM
#9
Pro
You are correct in this statement! It is more support for the obvious concept that dealers do not write checks for trade in's!! This would pressure them to sell the ZR1 quickly, which would reduce the price further. They would not make this deal if the C8 were less money then the ZR1.
09-30-2018, 10:45 AM
#10
I have no idea the cost of the ME car ,but dealerships will definitely write you a check back on your trade in if it’s worth more than the car you purchase. They are still going to make money on both of them ( retail on the sale ,pay you wholesale on the trade and sell at retail) .. I have done it
09-30-2018, 10:54 AM
#11
Race Director
09-30-2018, 11:02 AM
#12
Melting Slicks
Anyone who thinks that Corvette is going to leave a monopoly to Porsche for the summer of 2019 is in a state of denial....
Boxsters,Caymans and brand new entry 992’s(smoking hot by the way)...all priced below the Corvette????
I’m sure both yourself and dcbingman,agree this can’t happen.
Boxsters,Caymans and brand new entry 992’s(smoking hot by the way)...all priced below the Corvette????
I’m sure both yourself and dcbingman,agree this can’t happen.
09-30-2018, 11:05 AM
#13
Le Mans Master
You are correct in this statement! It is more support for the obvious concept that dealers do not write checks for trade in's!! This would pressure them to sell the ZR1 quickly, which would reduce the price further. They would not make this deal if the C8 were less money then the ZR1.
Aside from all that, you are still suggesting that GM has made a business case for investing nearly $500M in an assembly facility alone + vehicle development $$ on a business plan that assumes 25k unit sales for X years of a $125k specialty vehicle. Seriously, would u want to make that case to a BoD?
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Spades11 (09-30-2018)
09-30-2018, 11:14 AM
#15
Pro
I have no idea the cost of the ME car ,but dealerships will definitely write you a check back on your trade in if it’s worth more than the car you purchase. They are still going to make money on both of them ( retail on the sale ,pay you wholesale on the trade and sell at retail) .. I have done it
09-30-2018, 11:19 AM
#16
Pro
Aside from all that, you are still suggesting that GM has made a business case for investing nearly $500M in an assembly facility alone + vehicle development $$ on a business plan that assumes 25k unit sales for X years of a $125k specialty vehicle. Seriously, would u want to make that case to a BoD?
09-30-2018, 11:20 AM
#17
Really, gee I guess I was mistaken when a Chevy dealer wrote me a check back on my Camaro I traded in......
09-30-2018, 11:23 AM
#18
09-30-2018, 11:24 AM
#19
Melting Slicks
First GM sells to dealers and that ZR1 was purchased by a dealer from GM and sold to this individual. The agreement with the customer would be from the dealer not GM who has not even admitted they are producing a ME yet, not to the press or even the public. The car we keep seeing testing is not a Halo ME with standard steel rotors that is being pushed hard at the ring in Germany. If a more expensive car GM was be tested they would not run it that way as carbon or slotted bigger rotors would help lower track times. I traded a very expensive car into a dealer that the car I was purchasing was 38k less than my trade, Dealer just wrote me a check. I sold an R8 to an Audi dealer and I never purchased anything from them and they wrote me a check for the car, it happens all the time. We are getting closer to revel and in 4 months we all will no the truth.
Last edited by fasttoys; 09-30-2018 at 12:15 PM.
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mre1974 (09-30-2018)
09-30-2018, 11:24 AM
#20
Pro
Find holes where you can RedC7Z06, the reality is just around the corner.
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conceptmachine (10-02-2018)