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What if..

 
Old 05-15-2019, 12:11 PM
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tcweidner
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Default What if..

what if GM knocks it out of the park and gives us a beautiful c8 at a great price....and we start seeing them everywhere. What if they become a common sight? sure it may still be a great track car underneath, but unless you are at a track that doesnt matter at all. 10 to 12 year payment loans exist for cars such as these, so every tom, dick, and harry could "afford it" if they really wanted to. I just thought it a curious topic for discussion.

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Old 05-15-2019, 12:18 PM
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NY09C6
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It would be great to have GM sell massive numbers of these cars.

Last edited by Steven Bell; 05-15-2019 at 11:12 PM.
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Old 05-15-2019, 12:25 PM
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Heyitsryan20
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They have 10 to 12 year loans available for cars? WTF?
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Old 05-15-2019, 12:29 PM
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There is a limited market for a two seat hot rod. A car like this does not fit the needs of a young family. It is basically a toy. But, it can serve as a daily driver for some. No mater how good it is I cannot see a market of more than 40,000 a year after the initial run.

Last edited by Tom73; 05-15-2019 at 12:33 PM.
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Old 05-15-2019, 12:30 PM
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You still have the two-seat sports car marketplace to deal with. I'm sure we'll see a surge in sales, but it won't suddenly be 100K per year, and that means we won't be seeing them everywhere. If GM could do 50K a year I think they would be quite pleased, but even that s a stretch, IMO.

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Old 05-15-2019, 12:35 PM
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Correct, in the very best years, GM has never sold more than 40K Corvettes in a single year. Even in a down year (2018), Corvette sold 18K, which was 2X more than any other sports car manufacturer in the US.
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Old 05-15-2019, 12:48 PM
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Are you implying a 10 to 12 year loan is needed for a $65K to $70K car? Because that's what the base C8 will likely cost.

Originally Posted by tcweidner View Post
...10 to 12 year payment loans exist for cars such as these, so every tom, dick, and harry could "afford it" if they really wanted to.
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Old 05-15-2019, 01:07 PM
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Originally Posted by Foosh View Post
Correct, in the very best years, GM has never sold more than 40K Corvettes in a single year. Even in a down year (2018), Corvette sold 18K, which was 2X more than any other sports car manufacturer in the US.
In 1976, 1977, and 1978 Corvette production was over 40,000. In 1979 it topped out at 53,807 units.
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Old 05-15-2019, 01:08 PM
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Originally Posted by Foosh View Post
Correct, in the very best years, GM has never sold more than 40K Corvettes in a single year. Even in a down year (2018), Corvette sold 18K, which was 2X more than any other sports car manufacturer in the US.
Well... 1976-1979 production numbers were well over 40,000. A ten-second Google search didn't produce actual sales figures, but they won't be off by much.

Still, today's market isn't going to suddenly snap up so many Corvettes as to make them as common as Camrys. Or even Mustangs.
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Old 05-15-2019, 01:13 PM
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You're right. I didn't go back 40 years when there was far less competition.

Moreover, prices were much lower then including inflation. In the best sales year (1979), GM sold almost 54K Corvettes, which started at $10K MSRP. That's $37K in 2019 dollars. I suspect they'd still be selling 50K or more units a year if the C7 price started at $37K.

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Old 05-15-2019, 01:15 PM
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Simple answer, when I see what I’m driving everywhere. It’s time to find a new toy.
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Old 05-15-2019, 01:22 PM
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Corvette production volume by year 1953 to 2017: https://www.corvsport.com/corvette-sales-volume-year/

Last edited by mschuyler; 05-15-2019 at 01:23 PM.
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Old 05-15-2019, 01:32 PM
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Originally Posted by tcweidner View Post
what if GM knocks it out of the park and gives us a beautiful c8 at a great price....and we start seeing them everywhere. What if they become a common sight? sure it may still be a great track car underneath, but unless you are at a track that doesnt matter at all. 10 to 12 year payment loans exist for cars such as these, so every tom, dick, and harry could "afford it" if they really wanted to. I just thought it a curious topic for discussion.
C7ís are very common out here, to the point of being boring. Iím sure if the C8 is reasonable priced itís even going to be more common.
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Old 05-15-2019, 02:04 PM
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I live in opposite world. Wilsonville Oregon (where I work) is the location of the nations oldest Ferrari dealer - Ron Tonkin Gran Turismo. I literally see brand new Ferraris every day.

On the other hand, I hardly ever see C7 Corvettes around here and get a ton of compliments on my 2019 GS.

That being said, even though Ferrari's are way more common around here, I would still take a 458 Italia over my Grand Sport.
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Old 05-15-2019, 02:12 PM
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Imwouldnt worry about too many being sold each year...production is pretty much capped at around 30k units a year with the new slower longer to bake paint shop...

even if the bowling green plant hits 40k units with overtime...

it will mever be common place and if it is.,,cool.

more people to enjoy what corvettes offer

Last edited by JerriVette; 05-15-2019 at 03:35 PM.
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Old 05-15-2019, 02:30 PM
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Wont see them everywhere because most will be sitting in peoples garages most of the time.
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Old 05-15-2019, 02:46 PM
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I'd have a tired arm from waving to everyone driving an awesome C8 with me.... who cares? I'm buying the car for how it makes me feel and how it performs... not to have the one and only.
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Old 05-15-2019, 03:00 PM
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I'm pretty sure the max term on a new car loan is 7 years, 6 in Canada

Last edited by jamesampm; 05-15-2019 at 03:00 PM.
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Old 05-15-2019, 03:02 PM
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Originally Posted by Foosh View Post
You're right. I didn't go back 40 years when there was far less competition.

Moreover, prices were much lower then including inflation. In the best sales year (1979), GM sold almost 54K Corvettes, which started at $10K MSRP. That's $37K in 2019 dollars. I suspect they'd still be selling 50K or more units a year if the C7 price started at $37K.
...and any physically able moron could drop out of high school and go make widgets in a factory, earning a middle-class income while being a sole wage earner for their family. Itís no wonder few young people buy these cars now.
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Old 05-15-2019, 03:03 PM
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Originally Posted by jamesampm View Post
I'm pretty sure the max term on a new car loan is 7 years, 6 in Canada
They'll do 96 months in some cases... that's the longest I've heard of.
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