$20k increase for 2021?
Thread Starter
2nd Gear
Joined: Nov 2019
Posts: 2
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$20k increase for 2021?
Popular Reply
Nov 30, 2019, 10:12 AM
Instructor
Joined: Jun 2019
Posts: 154
Likes: 232
From: Las Vegas
I got $20k that says there will not be a $20k price increase.
Le Mans Master
Joined: Dec 1999
Posts: 6,516
Likes: 4,840
From: One Hour From Boston!
Nowhere in the article did it say there will be a $20K increase. What it said was, “And if it doesn’t go up by $20,000, the company will continue losing money on the lower trim levels, according to what a senior GM official told the publication.”
I’m not totally buying the “GM loses money on lower trim models”. I think it’s more likely that piece of disinformation was put out there by GM execs to:
1. Convince anyone that hasn’t committed yet to commit and put a deposit down on a 2020
2. For anyone holding out for the 2021 model, putting this out there now will create less of a shock if (when) an increase is announced
Maybe it’s the OP (Don Clayton). After all, he only has one post and joined the Forum this month.
I’m not totally buying the “GM loses money on lower trim models”. I think it’s more likely that piece of disinformation was put out there by GM execs to:
1. Convince anyone that hasn’t committed yet to commit and put a deposit down on a 2020
2. For anyone holding out for the 2021 model, putting this out there now will create less of a shock if (when) an increase is announced
Maybe it’s the OP (Don Clayton). After all, he only has one post and joined the Forum this month.
Last edited by Steve Garrett; Nov 30, 2019 at 10:20 PM. Reason: Merged Posts
Burning Brakes
Joined: Jan 2013
Posts: 1,147
Likes: 609
From: Houston TX
Journalism is truly dead... 
This type of sensationalism used to be relegated to a few rags that we all knew were mostly fake for the hilarious enjoyment of satire... not so much anymore...
This type of sensationalism used to be relegated to a few rags that we all knew were mostly fake for the hilarious enjoyment of satire... not so much anymore...
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Michael S. Palmer
Tech Contributor
Joined: Oct 1999
Posts: 41,063
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From: Charlotte, NC (formerly Endicott, NY)
I doubt there will be more than the normal inflation caused price increase. Same as in all the other years. They can make money on the base models. They didn't design the car so they could lose money on the base models. Anybody in a company that does that is going to have a security guard escorting them to the door.
Bill
Bill
Race Director
Joined: Aug 1999
Posts: 13,300
Likes: 2,510
From: Bluffton SC via Canton Oh
The base model prices will rise slightly. The options are already fairly expensive compared to previous generations and there are more of them.
The fact that few order a base and with the new models coming....Z06, zr1, hybrid, electric, suv or whatever, don’t worry about gm.
As long as the economy holds they will be fine.
The fact that few order a base and with the new models coming....Z06, zr1, hybrid, electric, suv or whatever, don’t worry about gm.
As long as the economy holds they will be fine.
Banned Scam/Spammer
Joined: Oct 2013
Posts: 1,734
Likes: 646
Yep... Prices are going up 69,500 which is still a deal considering it's faster than a c7 145k zr1. The 2020 transmission alone is $9000, to the GM plant.
suppliers be raising their prices considering the loss of revenue which occurred due to the strike.
suppliers be raising their prices considering the loss of revenue which occurred due to the strike.
Last edited by CSEVEN; Nov 30, 2019 at 11:51 AM.
Burning Brakes
Joined: Sep 2018
Posts: 844
Likes: 729
From: Desert
The very definition of FAKE NEWS. GM, a multi billion dollar corporation with hundreds if not thousands of accountants, advisors, analysts, and attorneys can’t figure out how to price a car they developed for almost a decade. OK.
Safety Car
Joined: Oct 2012
Posts: 4,788
Likes: 683
From: Austin Texas
St. Jude Donor '15
I would guess that the price of the base car will go up about 1,000 and the options will get a 1 1/2 % increase for the 2021 year model.
. People will believe just about anything they read on the web.
. People will believe just about anything they read on the web.
Safety Car
Joined: Nov 2007
Posts: 4,436
Likes: 875
From: Bay Area CA
Base price for the 1LT will increase, but include some 2LT options as they have done in the past. I see at best $1 to $2k increase for the 1LT base 2021 model with the included additional options. This will close the gap between 1LT and 2LT trim levels and encourage 1LT buyers to upgrade, thus making the C8 more profitable. It's the smarter way of doing business vs turning potential buyers away from sticker shock.
Last edited by Mike's LS3; Nov 30, 2019 at 12:16 PM.
Banned Scam/Spammer
Joined: Sep 2016
Posts: 4,004
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From: Philadelphia PA (Birthplace of the USA, UNESCO World Heritage City)
A good case study would be the latest Nissan GT-R, which had significant price increases over the years (started out at a modest price) despite it being virtually the same car with no significant changes. I wonder how that affected Nissan's units sold and profits.
Last edited by ArmchairArchitect; Nov 30, 2019 at 12:15 PM.
