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Literature shows Porsche while more expensive up front holds value better but that is just numbers, drive and buy what you like. I like my C7 always brings a smile to my face. Right now Im on the side lines for the 8. Lots engineering to work out, electdical and heat are my major concerns.
Happy New Year!
When the 2006 Z06 was announced and GM said it had a 4" stroke and a 7,000 RPM redline, I too, was concerned about the 'engineering". History had shown that non racing engines running 7,000 RPM with a 4 " stroke didn't fare well. I loved the idea(and the looks) of the C6 Z06 but decided to hold back and see what was going to happen with the LS7. No adverse effects appeared during 2006 about LS7's blowing up due to it's long stroke and high RPM operation.
So I decided that I would buy a 2007 Z06, but then reports surfaced about needle bearings being found in the oil pan. WTF, rocker arms have been used for decades with no problems with spitting out bearings. So I decided to wait to seen how it worked out, and get a 2008 Z06.
Was about to purchase a new 2008 from a local dealer who had the exact car I wanted, in stock, and could get a$7,500 discount off MSRP, and news started surfacing about owners losing their engines because of exhaust valves breaking off. WTF, engines have been using exhaust valves for decades with no problems with the heads snapping off. So I decided to wait. GM said it was a short duration mistake by it's supplier who machined a few heads incorrectly, and no more problems. We know how that worked out.
I then decided to purchase a 2009 Z06 and I did with a $11,476.67 discount off MSRP.
But then, the news kept appearing about the valve problems with the LS7(including 2009's) and it was more than "a few". 2 days after my 5 year drivetrain warranty expired, I had new aftermarket heads installed, being proactive.
It can take awhile to get all that engineering worked out, even with a company that has been designing and building engines for many a decade..
You are forgetting that Porsche is a “brand,” as is Chevrolet, and the 911 is Porsche’s most comparable “model” to the Corvette, with different performance variations models. In adding the ME C8, both Porsche and Chevrolet will have a number of different chassi/engine combinations. The C7 will no longer be relevant.
Did you notice that the Panamera was by far the best selling car they make and they have plans for a rumored 2 door coupe version, I think there is definitely a argument for a new FE, obviously the C7 can't go on forever, but a new model. Not saying they will just that it might make sense if they want to expand the Corvette line. The Panamera and 911 also share almost the same price range. That said as a track guy, I'm excited for the ME but I do want a NA 6.2 which could be turned into a Katech 7.0 down the road. As a national PCA instructor I've been able to hot lap about everything including my own modded 911tt with about 530 RWHP front diff removed and a 997 cup car LSD but my favorite is still my ST1 car with a forged LS2 434ci it just puts the power down so well. I agree with those that say the increase in price must stay inline with pass increases.
Literature shows Porsche while more expensive up front holds value better but that is just numbers, drive and buy what you like. I like my C7 always brings a smile to my face. Right now Im on the side lines for the 8. Lots engineering to work out, electdical and heat are my major concerns.
Happy New Year!
Since we are speculating on pricing strategies, I've heard alot about depreciation... which is actually THE major cost of owning a car. typically, high-end luxury sedans take a major hit... you can spend $100K+++ on an Audi A8, 7 Series BMW, or S-Class Benz, and lose $50-$60K in 3 years. But most of these buyers are leasing, and writing them off on their business for taxes, so they don't care.
Even Porsches (and I've owned many), depreciate, depending on model. For example, I could easily spend $130K on a loaded Carrara S Cab, and its worth $70K in 3 years. Cabs are "luxury" cars and do not hold value in "Porsche-World"... however in almost any other model, convertibles out-perform hard-tops in depreciation... culture!
For Sportscars, low options with all the performance goodies do better than highly optioned base models, and low production performance models actually can appreciate... so do some homework.
When I bought my Z51, I put historical depreciation tables together on various models, and here was the take-away... lose about 20% the first year, 10% the second, and then gradual flattening from then on, depending on mileage and condition.
I paid $64K for my car new, and it still books between $35K (trade) or $40K retail. Pretty much the same curve you'd get on a Carrara Porsche (but much cheaper in absolute dollars). OTOH, Z06 have taken a bath... especially high-option examples....
Generally, Corvettes hod there value well, if you buy smart. IMHO, a year-old GS would be a home-run in terms of value preservation... C8 aside, these cars are a "sweet-spot" and will be a great investment long-term.
I think this discussion has been interesting if for no other reason than entertainment value. However, there have been some credible nuggets here, and if you're a careful reader you can sort out the wheat from the chaff.
For example, if you've spoken to someone who has seen the car, and that person reports that GM divulged to that person that the target price is approximately 10% or so more than base C7 for the base ME, that is credible information if one knows the reputation of the holder of that info. Thats entirely different than someone saying, " I know it's going to cost $XXK." Too many are making categorical statements without foundation.
A lot of the credible reports that have appeared in these pages cast the information in terms of "this is what GM wants to do, but no decisions have been made." That's entirely different than what GM will ultimately do. Nothing is really cast in stone at this point, but it's interesting to hear about where GM is trying to go with the car.
If you couple credible leaked inside info with GM's traditional Corvette pricing model, then you have a theory that is more plausible than many of the crazy ones being advanced here.
I have read a lot on this thread and some stuff is true. I do know information about the car, but I'm not allowed to say anything per GM and I'm fine with that. What gets me upset is when customers call me about all the BS they read here on the forum and I have to keep telling them it isn't true. You don't know how many of my customers told me they won't buy a C8 because it is too expensive. It's all false. I guess that's why I'm so pissed off about this thread considering it says "$169,900 final price confirmed". It would be different if it said "do you think the C8 will be $169,000"?
I have read a lot on this thread and some stuff is true. I do know information about the car, but I'm not allowed to say anything per GM and I'm fine with that. What gets me upset is when customers call me about all the BS they read here on the forum and I have to keep telling them it isn't true. You don't know how many of my customers told me they won't buy a C8 because it is too expensive. It's all false. I guess that's why I'm so pissed off about this thread considering it says "$169,900 final price confirmed". It would be different if it said "do you think the C8 will be $169,000"?
You're wasting your time man... A lot of know it all's in here and just plain dumb asses..
I have read a lot on this thread and some stuff is true. I do know information about the car, but I'm not allowed to say anything per GM and I'm fine with that. What gets me upset is when customers call me about all the BS they read here on the forum and I have to keep telling them it isn't true. You don't know how many of my customers told me they won't buy a C8 because it is too expensive. It's all false. I guess that's why I'm so pissed off about this thread considering it says "$169,900 final price confirmed". It would be different if it said "do you think the C8 will be $169,000"?
Tim, all valid points, and I feel your pain. That kinda stuff is nonsense, and I'm it sure it does make your life miserable.
if you have potential "customers" calling you, then thats a good thing, no matter why, they are calling you. Just gives you an opportunity to talk, pitch, assure them that a price is not been announced but as soon as it is, You let them know. Christ man, The more YOU become the authority the more likely you will to get the sale and not someone else. There are lots of places to buy corvettes.
Did you notice that the Panamera was by far the best selling car they make and they have plans for a rumored 2 door coupe version, I think there is definitely a argument for a new FE, obviously the C7 can't go on forever, but a new model. Not saying they will just that it might make sense if they want to expand the Corvette line. The Panamera and 911 also share almost the same price range. That said as a track guy, I'm excited for the ME but I do want a NA 6.2 which could be turned into a Katech 7.0 down the road. As a national PCA instructor I've been able to hot lap about everything including my own modded 911tt with about 530 RWHP front diff removed and a 997 cup car LSD but my favorite is still my ST1 car with a forged LS2 434ci it just puts the power down so well. I agree with those that say the increase in price must stay inline with pass increases.
I guess it's how you define "car".
2017 worldwide Porsche sales numbers(not just USA and Canada).
Sports "car" totals 57,311(911 = 32,197 and the Boxster/Cayman = 25,114)
SUV "car" totals 161,115(Cayenne = 63,913 and Macan = 97,202)
The Panamera 4 door sedan "car" totals 37,605.
As a Porsche "model" it ranks 3rd from the top and 3rd from the bottom in sales.
2017 worldwide Porsche sales numbers(not just USA and Canada).
Sports "car" totals 57,311(911 = 32,197 and the Boxster/Cayman = 25,114)
SUV "car" totals 161,115(Cayenne = 63,913 and Macan = 97,202)
The Panamera 4 door sedan "car" totals 37,605.
As a Porsche "model" it ranks 3rd from the top and 3rd from the bottom in sales.
Yes I was not including the SUVs and considered Boxster's and Caymans separate, so best selling car body style maybe My point was that there is a market for FE GT cars and if there is not a FE Corvette Porsche might fill the need with a 929 coupe starting around 85k.
Yes I was not including the SUVs and considered Boxster's and Caymans separate, so best selling car body style maybe My point was that there is a market for FE GT cars and if there is not a FE Corvette Porsche might fill the need with a 929 coupe starting around 85k.
Have you spent any time in a Panamera? It is much more like an Audi A8 and BMW 6 or 7 series (i.e. - high performance sedan) than a true FE GT like the Jaguar F-Type, Mercedes AMG-GT or Ferrari Portofino. The market for a FE GT, which is where the C7 or a new FE Cx is just as dead as sports cars.
Yep, and done by folks who get off on creating needless controversy.
Originally Posted by BIG Dave
Perhaps not “high performance” in terms of HP, but certainly mid-engine, I believe the Lotis Elise sells in the U.K. for the equivalent of about $50K.
And Boxster/Cayman can be had for well under $100K, which includes the massive Porsche mark-up. Unlike the 911, they are absolutely ME cars.
Speaking of Elise, the biggest regret of my sports car owning life was selling my 05 Elise. I don't even understand what I was thinking at the time, except that I had too many cars and not enough time to drive them all. That was the most fun and very best handling car I've ever owned. It was also flawless.
Perhaps not “high performance” in terms of HP, but certainly mid-engine, I believe the Lotis Elise sells in the U.K. for the equivalent of about $50K.
Do they even make the Elise anymore? I think the only new Lotus you can get now is the Evora & it starts at nearly $100k with a V6 Toyota engine putting out 400 hp.
Do they even make the Elise anymore? I think the only new Lotus you can get now is the Evora & it starts at nearly $100k with a V6 Toyota engine putting out 400 hp.
Do they even make the Elise anymore? I think the only new Lotus you can get now is the Evora & it starts at nearly $100k with a V6 Toyota engine putting out 400 hp.
They make the Elise, Exiege, and Evora. They have a few limited edition versions of each model every year, and each new variant is lighter and more powerful than the last. The U.S. only gets the Evora because the Elise and Exiege don’t meet our safety standards. However, U.S. customers can order ANY Lotus for track use here.
They might use Toyota engines, but they’re so light and well balanced that you don’t care.
12-28-2018, 12:35 PM
My point was that there is a market for FE GT cars and if there is not a FE Corvette Porsche might fill the need with a 929 coupe starting around 85k.
