C8 will sell like HOTCAKES at $60k base price
03-14-2019, 06:50 PM
#41
Burning Brakes
03-14-2019, 07:22 PM
#42
Team Owner
Absolutely....
Do not confuse the concepts of "Cost", "Price" and "Demand"... there is absolutely NO statistical relationship between these. Period.
Research the Maine lobster industry, and DeBeers.
From 1960 through today, the annual demand for Corvettes is between 20-50K. The demand for Porsches is roughly about 10K and Ferraris about 1K-3K.
This has nothing to do with price... hundreds of thousands of people spend $60K for a pick-up.... Its about market segments, and this is pretty-much the market space for 2 seat sports cars regardless of price.
Its called "disposable" income. People who will rip your face off over 50 cents a pound on a shipment of bologna, will blow $15K in Vegas or buy a $100K speedboat.
Basically, if you can afford $65K on a useless toy, you can afford $80K on the same useless toy.
Do not confuse the concepts of "Cost", "Price" and "Demand"... there is absolutely NO statistical relationship between these. Period.
Research the Maine lobster industry, and DeBeers.
From 1960 through today, the annual demand for Corvettes is between 20-50K. The demand for Porsches is roughly about 10K and Ferraris about 1K-3K.
This has nothing to do with price... hundreds of thousands of people spend $60K for a pick-up.... Its about market segments, and this is pretty-much the market space for 2 seat sports cars regardless of price.
Its called "disposable" income. People who will rip your face off over 50 cents a pound on a shipment of bologna, will blow $15K in Vegas or buy a $100K speedboat.
Basically, if you can afford $65K on a useless toy, you can afford $80K on the same useless toy.
03-14-2019, 07:34 PM
#43
IIRC, you're a used Corvette buyer. If that's true, you've got a long time to save the $50.00 a month mschyuler recommends you save for one.
My folks ran their own business - my Father and Mother built a couple of apartment buildings, and Mom was the stay at home manager, so our folks didn't have to do the daycare deal. That kind of $$$ for a child's care is scary.
I just can't argue for anyone not getting a C8 if one (really) wants/ed one.
My folks ran their own business - my Father and Mother built a couple of apartment buildings, and Mom was the stay at home manager, so our folks didn't have to do the daycare deal. That kind of $$$ for a child's care is scary.
I just can't argue for anyone not getting a C8 if one (really) wants/ed one.
Last edited by Skid Row Joe; 03-14-2019 at 07:41 PM.
03-14-2019, 07:34 PM
#44
03-14-2019, 07:48 PM
#46
Safety Car
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03-14-2019, 07:48 PM
#48
Le Mans Master
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Last time I checked, about 30 years ago, it cost about 70 thousand dollars to raise a kid. Probably more like 140 thousand today. 140K will buy a lot of car.
Can't quite understand why some people are so obsessed with having a kid or too, much less 5-10.
Can't quite understand why some people are so obsessed with having a kid or too, much less 5-10.
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Mikec7z (03-14-2019)
03-14-2019, 08:01 PM
#49
The most recent available information says that the average cost of raising a child from birth to age 17 is $233,610 in a married two-parent middle income family with two children. This information comes from a U.S. Department of Agriculture (USDA) report from 2017
03-14-2019, 08:55 PM
#50
Burning Brakes
$60k is no supercar. Itll sell ok but don't expect to see many on the roads. I see maybe 1 or 2 C7s in a week and I'm sure itll be the same with the new car. It's probably the last ICE Corvette so get ready for fully electric models soon.
Which means the end of an icon is coming soon.
Which means the end of an icon is coming soon.
03-14-2019, 09:34 PM
#51
Race Director
Awesome. I guess the frame will be costly option then?
I mean thanks for low base price but is it going to last? Or feel like a a new age Fiero in 5 yrs?
GM please don't screw this up....
I mean thanks for low base price but is it going to last? Or feel like a a new age Fiero in 5 yrs?
GM please don't screw this up....
03-14-2019, 10:34 PM
#52
Le Mans Master
03-15-2019, 01:21 AM
#53
Melting Slicks
Finally, you get the fact that GM makes waaay to many Corvettes. They could learn a lot by following the lead of Porsche and other lower volume cars. As a past C7 owner, I can tell you they are not easy to sell unless you give them away. Simple case of supply and demand.....or Econ 101 if you ever took the class.
03-15-2019, 09:20 AM
#55
Well she already has a C7 to match mine 
Side note, I have an original mid 80's Barbie Corvette that I found brand new in the box. I meticulously put it together last year and didn't damage any of the 30+ year old decals. It's in our game room on a shelf. At Carlisle last year we found another one, well used, for $2 so that's the one she plays with inside the house. She'll be 3 this year and can start go-karts locally at 5. I asked her if she wanted to build a Barbie race car and she's all about it, but of course things change... we shall see!
/Hijack.
I can't speak for having 5-10 of them, but having a kid has been the best thing in my life to date. Won't blob up this thread with anything more on it, but you just can't understand until you have one.
Side note, I have an original mid 80's Barbie Corvette that I found brand new in the box. I meticulously put it together last year and didn't damage any of the 30+ year old decals. It's in our game room on a shelf. At Carlisle last year we found another one, well used, for $2 so that's the one she plays with inside the house. She'll be 3 this year and can start go-karts locally at 5. I asked her if she wanted to build a Barbie race car and she's all about it, but of course things change... we shall see!/Hijack.
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Mikec7z (03-22-2019)
03-15-2019, 09:42 AM
#56
Advanced
You know, wrapped up in your question is the assumption that Race Cars > Relationships ( or Car > Children more specifically). Not sure that my Corvette cuddles as well as my daughter or feeds my soul joy and pride watching my son play basketball. Family is everything, cars pale in comparison.
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RapidC84B (03-15-2019)
03-15-2019, 09:44 AM
#57
Price is not an issue in this market.
03-15-2019, 10:41 AM
#59
Team Owner
Finally, you get the fact that GM makes waaay to many Corvettes. They could learn a lot by following the lead of Porsche and other lower volume cars. As a past C7 owner, I can tell you they are not easy to sell unless you give them away. Simple case of supply and demand.....or Econ 101 if you ever took the class.
I sure don't recall my local Porsche dealer giving $20,000 off MSRP to move the 911's/Boxster's/Cayman's from his inventory.
As to your lecture on "supply and demand"...…..Sales of the C7 does not meet the sales of the C5 and the C6. The production numbers of previous generations says that GM does not build too many Corvettes.
The "demand" was for your so-called "lower volume" Porsche and Porsche "suppled" the cars to meet that "demand". The problem with GM was that there are not that many people that specifically want a C7. The C5 sold very well until it's last day, and the C6 sold even better, up to it's huge sales drop because of the absolute collapse of the car market in 2008(from 17 million down to 10.5 million in the US) and GM's BK in 2009.
Apparently Porsche continues to "supply" sports cars that people "demand" and GM doesn't.
03-15-2019, 10:46 AM
#60
Globally, yes. US sales more like 2K/mo, but don't miss the forrest for the trees... there are 10M millionaires in the US (defined as liquid cash assets of $1-5M), and total demand for 2 seat sports cars is about 100K/yr, or about 1% of the folks who could pull their checkbook out and write a 6-figure check without breaking a sweat.
Price is not an issue in this market.
Price is not an issue in this market.
Porsche sold 57,202 units in the U. S. during 2018, including 9,647 of their various 911 models, an increase of nearly 8% in 911 sales. I would guess the average price of those 911s was $150K or so. Chevrolet built only 9,686 Corvettes during the shortened model year from June 2017 to January 2018, and just under 23,000 in 2017 and nearly 41,000 in 2016.
Chevrolet is not building too many Corvettes and Porsche is not exactly a limited production car. There’s definitely room for both to grow world wide, and especially in the U.S. There might be more used Corvettes out there, at lower prices than sellers would like to see but... these are not collector cars and they are subject to significant depreciation, especially if you buy new at or near MSRP.
ME or not, Corvette will most likely never sell at anywhere near Porsche prices, and base model prices for the Corvette will probably remain about 80-90% less than the comparable 911. And, the base Corvette will cost less than most of the full size GM soccer mom SUVs I see everyday in my area. Have you priced a Tahoe, Yukon, or Escalade lately?
