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Old Oct 17, 2020 | 01:57 PM
  #21  
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Originally Posted by lt4obsesses
Well, at least it's new. Take a look in the for sale section, there are folks trying to sell their used Corvettes for $25K more than they paid for them.
In many cases, they are not "trying" to sell at $25K over, they ARE selling at $25K over.

Last edited by jimmyb; Oct 17, 2020 at 01:58 PM.
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Old Oct 17, 2020 | 01:58 PM
  #22  
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Originally Posted by Dmitchgm
I love the corvettes but at that point I'm just moving up to a used 600 mclaren.
Make sure you have a warranty!!!

McLaren's are very cool, very fast cars. And they are problematic, and that's being VERY generous.

Last edited by jimmyb; Oct 17, 2020 at 02:00 PM.
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Old Oct 17, 2020 | 02:02 PM
  #23  
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The only good news about a dealership asking astronomical prices for a C8 is that customers have a vehicle to look at. We are currently selling Corvette orders at MSRP and we can't keep one on the showroom. It's unfortunate when potential Corvette buyers and fans come by to look at the new design and we have nothing to show them.
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Old Oct 17, 2020 | 02:23 PM
  #24  
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Originally Posted by JALLEN4
If Chevrolet never builds another Corvette it will not effect GM's bottom line. The car is less than 1% of their sales and hardly a major profit contributor. Anybody who thinks it is a volume car has no concept of reality of the business.
Do you just make this **** up?

The Corvette is one of a few very profitable lines at GM. It helped pull GM from bankruptcy which is why it wasn't cancelled during "the great recession". Would love to know where you got your "info"...

Last edited by CitznFish; Oct 17, 2020 at 02:23 PM.
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Old Oct 17, 2020 | 02:31 PM
  #25  
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There isn't a car on the planet worth buying into artificial scarcity / markup games with. Whether it's GM, Ford, or Ferrari.

If folks want to be lured into such nonsense, it's their money to waste I suppose.
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Old Oct 17, 2020 | 02:32 PM
  #26  
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Originally Posted by New car dude
Nope, it hurts their bottom line. That bottom line is volume and a large customer base. The richest family in America didnt get there by jacking up prices on cheap Chinese goods. They made sure it was cheap and plentiful. GM might relish the idea until there is competition for a cheaper price. Tesla just announced cheaper prices because Lucid said they will undercut the model 3 price range. The C8 is a high quality VOLUME CAR.
Model S was the car in question, new starting price 69,420. Yes, this was a business move likely directed at Lucid Motors, but also rather funny.
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Old Oct 17, 2020 | 02:32 PM
  #27  
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Originally Posted by jimmyb
In many cases, they are not "trying" to sell at $25K over, they ARE selling at $25K over.
This is not really true. It might have been at one time, but little evidence now. I have posted this on other threads. I have been watching C8 Corvette sales on one popular internet site for 8 weeks now. When I started there were 149 C8s for sale in the US. That number has grown steadily every week. This week there are 210 C8s for sale, both dealer and private parties, all used with some miles, so, not new dealer inventory (not that that exists anyway).

For anyone who has watched the info I've posted elsewhere, this week (week 8) there are:
210 C8s for sale
140 have been listed for over 30 days (30 days is the max this site measures)
In the last 24 hours, 30 of the 210 have had price drops)
Of the 7 least expensive ones I've tracked for 8 weeks now, all 7 are still for sale (including the one (private party) with only 4 miles)
Of the 5 most ridiculously priced ones for sale that I've tracked, 2 of these have had price drops within the last 24 hours, and all 5 still for sale.

Of the 7 least expensive cars I've tracked for 8 weeks, several have had price drops of their own. The 7 were the least over priced, more a modest $10K to $15K over MSRP. These vehicles are not moving either.

Every once in a while, you hear of one selling, typically at some big event like a meccum auction, and I imagine those who buy these cars are in it as much for the spectacle as the car, and these types are the one in ten thousand with more money and more ego than the rest of us.

Last edited by Alea_Iacta_Est; Oct 17, 2020 at 02:38 PM.
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Old Oct 17, 2020 | 02:36 PM
  #28  
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Originally Posted by CitznFish
...Would love to know where you got your "info"...



And I'm sure the (around) 12,000 'vettes GM was selling per year, with big rebates, were really bringing in the dough.
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Old Oct 17, 2020 | 03:28 PM
  #29  
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So? This is hardly news... with the C8, or any other "in demand" new car.

One should talk with my friend about his Ford GT order back in the day. It was Ford totally screwing with his post-order pricing that caused his wife to pull the plug. That proved to be the same day she talked him into buying his first new Lambo. He's been through a bunch of the latter, while retaining three. He's never looked back or considered any other Fords.

It's well established that neither GM nor many of it's dealers give a squat about their customers, or potential ones. And, I'm sure a $25K mark-up is hardly the max.
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Old Oct 17, 2020 | 03:42 PM
  #30  
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Originally Posted by Vetteman Jack
Dealers can ask what they want, but I sure will not be paying anything over MSRP for a car. I just do not need one that bad.
I can say that about any product made. Its a percentage game.
There are a small percentage of the pop. that are very smart, there
are a percentage that are smart, there are a percentage that are ok average,
there are a percentage that are dumb and there are a percentage of the pop.
that are stupid. The dumb andf stupid would pay more for a product than
they have to.
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Old Oct 17, 2020 | 03:45 PM
  #31  
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Ouch. Dealers here in the Chicago area are asking about $20k over for lightly used C8’s. Nuts.
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Old Oct 17, 2020 | 03:50 PM
  #32  
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Originally Posted by CitznFish
Do you just make this **** up?

The Corvette is one of a few very profitable lines at GM. It helped pull GM from bankruptcy which is why it wasn't cancelled during "the great recession". Would love to know where you got your "info"...
GM sold 7.7 million units in 2019. Less than 20,000 of those were Corvettes. In 2010, the first year GM returned to profitability after the bankruptcy, they sold 8.4 million units. Corvettes accounted for 12,194 of those. If they were built free, including parts and labor and sold for MSRP to the dealers, they would not be close to one of the most profitable lines.

Any other absurd comments you would like to make?
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Old Oct 17, 2020 | 04:30 PM
  #33  
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Originally Posted by Steve Garrett
First, Auto Nation is not a Chevrolet dealership, so they can mark up their cars as much as they want without GM or Chevrolet coming down on them. Second, I love the C8, but not for $25,000 over MSRP. I would have walked away too. It's simply not worth that kind of markup.
You don't mean that Auto Nation does not have any authorized Chevrolet franchise dealerships, do you? You may be thinking of CarMax. (altho they own one new car dealer and used to own another one in GA)

Last edited by AORoads; Oct 17, 2020 at 04:34 PM.
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Old Oct 17, 2020 | 04:36 PM
  #34  
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Originally Posted by New car dude
Nope, it hurts their bottom line. That bottom line is volume and a large customer base. The richest family in America didnt get there by jacking up prices on cheap Chinese goods. They made sure it was cheap and plentiful. GM might relish the idea until there is competition for a cheaper price. Tesla just announced cheaper prices because Lucid said they will undercut the model 3 price range. The C8 is a high quality VOLUME CAR.
GM would love to be pumping out more vette's. A string of bad luck has prevented that. You are aware GM does not profit by ADM right? GM profits when they sell more cars.
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Old Oct 17, 2020 | 10:53 PM
  #35  
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Well, you guys may think that I have more money than brains and that may be true. I am 73 years old and I paid over MSRP to actually get possession of a car. I don't know if I'll be around in 2+ years that it's going to take if I order a car today. I have an LBR 2020 and I am enjoying every minute of having it. I had some angst about paying over MSRP, but I have a car to enjoy and those that are bitching about it don't, and won't for a long time.

The amount I overpaid isn't going to change my lifestyle but driving the Vette certainly makes my current lifestyle more fun.

Sometimes you gotta pay if ya wanna play. Just sayin'.
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Old Oct 17, 2020 | 11:19 PM
  #36  
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Originally Posted by ValenciaOrange
I drove to Auto Nation today with my Corvette to look at a C8. They had one on the floor which was roped off. The closest you could get to it was 8 feet away. I asked the salesperson who knew nothing about the car if I could look at it closer. He said he would get the keys.

Several minutes later he came out of the managers office and said before I could look at it closer, there would be a $25,000.00 markup if I was to order a car. I walked out.
I would just laughed at him and said you're a perfect example of why everyone hates car salesmen.
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Old Oct 17, 2020 | 11:27 PM
  #37  
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It amazes me these threads come up all the time. If the dealer can get someone to pay them X amount over MSRP good for them!!! If you don't like it say no thanks and visit a dealer that will sell for MSRP which there are plenty. The car is hot right now it's called supply and demand. Hey, some moron paid 100k for the new BMW with a Toyota badge on it but who am I to call him a moron if he has 100k he can blow so good for him and the dealership that sold it!!
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Old Oct 18, 2020 | 01:01 AM
  #38  
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Chevy started this with the mind blowing price reveal. Be honest, with the hype up to the new mid engine, how many of us were expecting a price around $95k, and up? The dealers are compensating for what Chevy decided to discount. In a weird, and atypical way, all the blow-ups along the production way have made the C8 even more desirable to the market niche. It is a niche, but right now, it's a very lucrative niche. I also applaud the dealers, and private sellers for getting every buck they can from the market.

For me, if I owned one, and wanted to sell there is no way I wouldn't go well over MSRP right now. I suspect none of the C8s for sale are a 'must have' car for commuting, or daily use. I could put my C8 on sale for $150 fees in several markets, way over MSRP and just sit back and see if someone just gotta-have-it. Also, it's relatively easy to bargain down, than bargain up. Price it at $94k, and take $89k, on a car that I have maybe $67k invested.

All this butt-hurt about 'over-priced' seems to be a lot envy based whining. Maybe others here are into philanthropy, and want to deal down. Maybe no one likes to haggle anymore. Heck, I don't know, but I do know if I had a C8 and wanted to sell, people would need to bring buckets of bucks.
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Old Oct 18, 2020 | 01:30 AM
  #39  
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How does one go about getting "keys" to a C8?
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Old Oct 18, 2020 | 07:52 AM
  #40  
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Originally Posted by JALLEN4
GM sold 7.7 million units in 2019. Less than 20,000 of those were Corvettes. In 2010, the first year GM returned to profitability after the bankruptcy, they sold 8.4 million units. Corvettes accounted for 12,194 of those. If they were built free, including parts and labor and sold for MSRP to the dealers, they would not be close to one of the most profitable lines.

Any other absurd comments you would like to make?
I dont think you understand what a volume car is. This is a SPORTSCAR that is produced in sufficient numbers that satisfy the entire North American market, and then some. This isnt a utilitarian vehicle for entire families. In its realm, its a VOLUME CAR, and accessible to anyone WANTING A SPORTSCAR. If production plans were for 20,000 a year then GM calculated ONLY 20,000 PEOPLE MORE OR LESS are interested in buying a SPORTSCAR. If there is more demand GM WOULD PRODUCE AS MANY THAT WOULD SATISFY THE MARKET. GM allocated 300 C8s with RHD for the Japanese market for the first model year that sold out in hours. I will GUARANTEE that number goes up for the next round of sales. The C7 ZR1 IS NOT A VOLUME CAR, AND WAS MEANT TO BE PRODUCED TO SATISFY THE COLLECTOR CLASS MARKET. A Porsche RS is meant for the ACTUAL track enthusiast class WORLDWIDE,as was the Z06. These are flagships that bring in more money in advertising the companies product than anything else. Ferrari is COPYING this strategy TO SELL SUVs. McLaren will follow, if it wants to survive.
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