Front engine future
Melting Slicks
Joined: Nov 2013
Posts: 2,703
Likes: 984
From: Annandale VA
The ME Corvette at ~$70 base will sell 10K units annually after the first year. Unfortunately for BGA to be profitable, it needs to make 75K units annually so Corvette needs a FE in the $50-70K segment that will sell 30K units annually. That is still only half of the units BGA needs so additional products are essential -- maybe a Caddy or SUV. In any event, 10K ME units will not cut it.
Drifting
Joined: May 2013
Posts: 1,972
Likes: 1,098
From: Texas Hill Country Texas
The ME Corvette at ~$70 base will sell 10K units annually after the first year. Unfortunately for BGA to be profitable, it needs to make 75K units annually so Corvette needs a FE in the $50-70K segment that will sell 30K units annually. That is still only half of the units BGA needs so additional products are essential -- maybe a Caddy or SUV. In any event, 10K ME units will not cut it.
We can all agree that the C8 is coming and the FE is ending. What happens after 7/18/19 will play out in the years to come. Your crystal ball prognostications are simply based on your deep seated anger in the ME...why continue saying the same thing, not like GM will change course at this point, even if you post the same thing 1000 times.
Melting Slicks
Joined: Nov 2013
Posts: 2,703
Likes: 984
From: Annandale VA
Of course if you have some other metrics to share, please provide them. You don't of course.
Drifting
Joined: May 2013
Posts: 1,972
Likes: 1,098
From: Texas Hill Country Texas
In 2017 there were 33K Corvettes produced of which 30% were Grand Sports that sold for ~$70 base. So typically Corvette can sell 10K units/yr of a ~$70 car. Of course many of those GS were manual trans cars which the ME won't offer. If the ME has a ~$70 base, it will typically sell 10K units/yr. which is far below what BGA needs to be profitable.
Of course if you have some other metrics to share, please provide them. You don't of course.
Of course if you have some other metrics to share, please provide them. You don't of course.
Seems when you add up and establish an average 62k base C8 will be in the heart of the data..a mere 7k above the current base.
Have you considered buying stock in GM and attending a general shareholder meeting to voice your concerns?
The Consigliere
Joined: May 2006
Posts: 22,993
Likes: 6,042
From: 2023 Z06 & 2010 ZR1
Melting Slicks
Joined: Nov 2013
Posts: 2,703
Likes: 984
From: Annandale VA
Man you must be into numerology and cherry picking numbers to satisfy your arguments. I see you have the google fu to find the Corvette Action Center. What you fail to include is 6% GS verts, 19% Z06s, and 3% Z06 verts...if you add all above GS its almost 60% of production. So your napkin math doesn’t quite work here. 2019 will see almost 3000 Zrs between $120 - 150k. Regardless, you are conflating what is happening at the end of a C7 run and applying it to a new very exciting model...there is no data connection between the two, since no numbers have been generated by the C8.
Seems when you add up and establish an average 62k base C8 will be in the heart of the data..a mere 7k above the current base.
Have you considered buying stock in GM and attending a general shareholder meeting to voice your concerns?
Seems when you add up and establish an average 62k base C8 will be in the heart of the data..a mere 7k above the current base.
Have you considered buying stock in GM and attending a general shareholder meeting to voice your concerns?
Drifting
Joined: May 2013
Posts: 1,972
Likes: 1,098
From: Texas Hill Country Texas
So what is your estimate of C8 production after the first year? Unless it is 40K+/yr, BGA will be in the same boat as Lordstown. That 40K/yr would also require that the C8 performs at least as well as the C7, which of course is not at all likely given that everything is completely new.
When the C8Z comes out I’ll give it a look. Been driving new Zs for 15 years and would love the new one to be a home run. When the time comes will always look at all options new/used that will satisfy my desires. Currently looking hard at 997.2 GT3 RS so new isn’t always the right choice for me.
You seem to be a Corvette enthusiast, perhaps more positivity is deserved to a hard working engineering team.
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Team Owner
Joined: Sep 2010
Posts: 32,042
Likes: 4,610
Actually, the average new Corvette buyer's age went from 54 to 61 from 2004 to 2013, the years of the C6. When the C7 came out, that number has fluctuated but the last age reading that I could find now brings it down slightly to 59. The C7 did a great job of arresting the trend of the C6 years and slightly reversing it. If that trend had continued, the average age today would be something like 67.
The car in this case, doesn't move the age numbers.
Last edited by Skid Row Joe; Jun 11, 2019 at 07:38 PM.
The Consigliere
Joined: May 2006
Posts: 22,993
Likes: 6,042
From: 2023 Z06 & 2010 ZR1
Team Owner
Joined: Sep 1999
Posts: 41,732
Likes: 1,718
From: Springfield MO
Man you must be into numerology and cherry picking numbers to satisfy your arguments. I see you have the google fu to find the Corvette Action Center. What you fail to include is 6% GS verts, 19% Z06s, and 3% Z06 verts...if you add all above GS its almost 60% of production. So your napkin math doesn’t quite work here. 2019 will see almost 3000 Zrs between $120 - 150k. Regardless, you are conflating what is happening at the end of a C7 run and applying it to a new very exciting model...there is no data connection between the two, since no numbers have been generated by the C8.
Seems when you add up and establish an average 62k base C8 will be in the heart of the data..a mere 7k above the current base.
Have you considered buying stock in GM and attending a general shareholder meeting to voice your concerns?
Seems when you add up and establish an average 62k base C8 will be in the heart of the data..a mere 7k above the current base.
Have you considered buying stock in GM and attending a general shareholder meeting to voice your concerns?
So....where are you getting your "facts" regarding the 2019 model year production numbers and percentages?
GM has not released them as the 2019 model year Corvette is still being produced and GM can't release the final/total production numbers until the 2019 has stopped production.
Melting Slicks
Joined: Nov 2013
Posts: 2,703
Likes: 984
From: Annandale VA
Well, lets see. Both are UAW plants located in the same midwest area. Both have been operating for many years under Chevy management. And most importantly, both were very under utilized in 2018. OTOH, one got the axe and the other didn't.
Racer
Joined: Sep 2011
Posts: 435
Likes: 25
The Consigliere
Joined: May 2006
Posts: 22,993
Likes: 6,042
From: 2023 Z06 & 2010 ZR1
OK - we started with this gem:
To which I asked:
To which you replied:
To which I asked:
To which you replied:
So that's your source for asserting BGA must produce 75k units annually to be profitable?
To which you replied:
To which you replied:
So that's your source for asserting BGA must produce 75k units annually to be profitable?
Race Director
Joined: Apr 1999
Posts: 15,136
Likes: 477
From: NM
One produces a profitable car, the other didn’t.
Drifting
Joined: May 2013
Posts: 1,972
Likes: 1,098
From: Texas Hill Country Texas
So....where are you getting your "facts" regarding the 2019 model year production numbers and percentages?
GM has not released them as the 2019 model year Corvette is still being produced and GM can't release the final/total production numbers until the 2019 has stopped production.
GM has not released them as the 2019 model year Corvette is still being produced and GM can't release the final/total production numbers until the 2019 has stopped production.
Now get off my lawn...lol. Too many angry old men on this forum.
Melting Slicks
Joined: Nov 2018
Posts: 2,096
Likes: 1,024
From: AA/Metro Detroit
The ME Corvette at ~$70 base will sell 10K units annually after the first year. Unfortunately for BGA to be profitable, it needs to make 75K units annually so Corvette needs a FE in the $50-70K segment that will sell 30K units annually. That is still only half of the units BGA needs so additional products are essential -- maybe a Caddy or SUV. In any event, 10K ME units will not cut it.
Know what else never sold a single Corvette? Being 600+hp. Until, of course, they actually made one. The ME will do fine.
Last edited by jefnvk; Jun 11, 2019 at 08:38 PM.
Team Owner
Joined: Sep 2010
Posts: 32,042
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The ME C8, will sell like crazy. Curiosity seekers will be intrigued by the ME platform, and the Ferrariesque, look-alike aspects.
The FE C-Series releases were not a must see for the ME fanboys. Everyone will want to see about the ME C8.
The FE C-Series releases were not a must see for the ME fanboys. Everyone will want to see about the ME C8.