C8 will sell like HOTCAKES at $60k base price
03-19-2019, 09:43 PM
#102
Think brand, not market... It is most certainly Chevrolet’s halo car, and many people on this forum use that term pretty freely. Compared to the other Chevrolet products it is most certainly produced in lesser if not limited quantities and involves much more R&D and technology than any other Chevrolet products. Geez, name even a current “GM” halo car other than the Corvette?
Nope, its just the top of the line. Not much different then then the Camaro in content. Its unique to Chevy in that its a two seater but other car lines also have two seat cars that are not halo cars.
C8 will move well at $60K
Last edited by BEAR-AvHistory; 03-19-2019 at 09:45 PM.
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jefnvk (03-19-2019)
03-19-2019, 09:44 PM
#103
GM doesn't have a halo car. Not every manufacturer does. A mass produced sports car is not anywhere near a halo car. There is no way you could call corvette limited production and it in no way pushes the engineering envelope like your definition suggests. Other real halo cars are the McLaren P1, LaFerrari, Valkyrie, etc. They push the engineering envelope and showcase the manufacturers top efforts. The corvette is built with a budget in mind to sell to middle class people, tell me, how does that represent a true halo car? If you believe the corvette is a halo car then so is the Mustang and Miata. If you think the corvette is a halo car then you need to change your definition to just the best performer the brand has to offer in order to get people into your showroom.
03-19-2019, 09:54 PM
#104
Melting Slicks
As to how many DD their Corvettes and 911’s it’s an eye opening percentage. I would have thought the same as you until I have seen recent polls on this forum and Rennlist. Weekend drivers were the minority. Amazing how many people own one of these cars with only one other car.....and their spouse is driving that one to work.
As to leasing.....can’t speak to that since I have never leased a car in my 59 years of life.
As to leasing.....can’t speak to that since I have never leased a car in my 59 years of life.
As far as leasing, neither have I, but they account for about 1/3 of new car transactions and are on the upswing.
Only options I've ever cared to pay for on new cars are upgraded seats and go-fast parts. Other than that, I prefer mine pretty basic.
Last edited by jefnvk; 03-19-2019 at 09:56 PM.
03-20-2019, 09:21 AM
#105
How well it sells will have more to do with the economy than the price of the car. When jobs start disappearing (right now we are at the peak of employment which means the only place to go is down) Customers stop buying two seat cars that are not much more than a toy. Some brands don't make it through the down swing. Luckily, Corvette has been popular enough through X many recessions over the decades that it has been one of the two or three brands that survive. We are definitely heading toward a down turn, car sales are falling off due to lower demand. Home sales have started falling off even in some of the hot markets while in others they never caught on. There is a lot of negative pressure on the economy and it won't take much to send it on its way down. Things always look great and like they will continue forever just before the crash.
Bill
Bill
I have a friend who runs a food wholesaling business... a tough business by any measure... he never drives his Porsche Turbo to work... not because he can't, but because he doesn't want his employees to think he's making too much money, so he drives a used Ford Taurus beater.
I recently moved, and sold two Porsches... not because I can't afford them, but because I only have parking for 3 cars. I just don't need the hassle. I could afford a Ferrari if I wanted it. I just don't want a Ferrari.
Basically, the demand for Corvettes, Porsches, Jaguars, Ferraris, and even Miatas is about 100-200K units in a 17M unit market.
If this tiny slice of the market WANT the car, they will buy it at any price. If they don't want it, they won't buy it at any price.
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Dr. ice (03-20-2019)
03-20-2019, 09:56 AM
#106
Drifting
^^^^Huh, well I guess during the last downturn folks were just tired of Porsche and it had nothing to do with the economy. Look at the 997.2 (2009-12) 911s and they are a small demographic when comparing to pre/post downturn models. Other cars, like ZR1 are similar.
While some lucky few can power through anything, there is a much larger subset that pulls their money off the table
While some lucky few can power through anything, there is a much larger subset that pulls their money off the table
03-20-2019, 05:07 PM
#107
Drifting
As to your points about the trucks and SUVs, yes, some cost the same, but with one gigantic difference: those are vehicles people are buying mainly for daily usage. While I don't doubt some Corvette owners daily their car, they are in the minority. There is a large difference between spending that money on a practical daily use vehicle, and a two seat toy. Also, I would question how many of those $60k trucks/SUVs are bought outright, versus leased and sold later in the low 40s. I would bet the number of Corvettes purchased outright is significantly higher.
Report: 40 Percent of Corvette Buyers Pay with Cash
https://www.corvetteblogger.com/2016...yers-pay-cash/
https://www.corvetteblogger.com/2016...yers-pay-cash/
03-20-2019, 11:39 PM
#108
Melting Slicks
That is meaningless. I could pay cash for anything I own and more, but I don’t since my invested money is making me more than paying off a loan would save me. I am sure cash buyers are cash buyers. It’s a philosophy they have more than an ability not shared by many other buyers. This is a feel good bragging topic that has been hashed about far too often and has nothing to do with an individuals earning power or net worth.
03-21-2019, 07:39 PM
#109
Banned Scam/Spammer
That is meaningless. I could pay cash for anything I own and more, but I don’t since my invested money is making me more than paying off a loan would save me. I am sure cash buyers are cash buyers. It’s a philosophy they have more than an ability not shared by many other buyers. This is a feel good bragging topic that has been hashed about far too often and has nothing to do with an individuals earning power or net worth.
Would that include your used 911 that you can not seem to quit blowing your hole about?
03-21-2019, 07:45 PM
#111
Melting Slicks
03-21-2019, 07:59 PM
#112
Banned Scam/Spammer
03-21-2019, 08:07 PM
#113
Melting Slicks
Nope it’s only directed at you. As a past Corvette owner and possible new Corvette owner I am well aware you are an exception to the Corvette owners I know. I guess that’s why they call you Punky😏
03-22-2019, 09:38 AM
#115
Launching when the punch bowl is being taken away...
I agree with a prior post, at the rate they are launching this car, they will likely be at the tail end of this tremendous 10 year cycle in business and fighting economic headwinds! Not great timing! If it is true they were going for a midengine car when the financial crisis of 2008 hit, they squandered ten years to get this car to market during the longest bull market in our country’s history.
I hope they get this this car out soon. I have one on order...
I hope they get this this car out soon. I have one on order...
03-24-2019, 09:28 PM
#116
Laffer curve
Not sure I would use the Laffer Curve in this analysis. It proved to be in fact Voodoo Economics. More importantly, there would be no benefit in selling the Corvette below costs so there is a floor. Obviously the snake oil salesmen still selling the Laffer Curve don't believe in a floor and still argue lower taxes will increase revenue.
So, you believe higher taxes increase revenue?
Last edited by jimmyray; 03-24-2019 at 09:36 PM.
03-24-2019, 09:43 PM
#117
Initially maybe, but GM has the capacity to build as many as necessary to bring the price down. Dealers did the same thing with the C4 ZR1 30ish years ago, they were selling for $20k over sticker but after 6 months or so they were down to selling at sticker.
03-24-2019, 09:51 PM
#118
+1
It seems that a lot of folks fall prey to comparison pricing of ME cars with very limited production or with exotic materials usage, assuming all ME cars must automatically be expensive to produce... this is simply not true at all.
With a healthy production run, and using similar build and/or interior materials to that of the C7, there is nothing more than perhaps the transaxle that should add any sort of "default" additional cost to produce the base model version.
It seems that a lot of folks fall prey to comparison pricing of ME cars with very limited production or with exotic materials usage, assuming all ME cars must automatically be expensive to produce... this is simply not true at all.
With a healthy production run, and using similar build and/or interior materials to that of the C7, there is nothing more than perhaps the transaxle that should add any sort of "default" additional cost to produce the base model version.
03-25-2019, 12:23 AM
#120
Race Director
