C8 inflated Value
Thread Starter
Racer
Joined: Apr 2022
Posts: 481
Likes: 525
C8 inflated Value
Hey all. Wondering what the market is like for c8’s in the US. numbers are crazy here in Canada thanks to zero availability in new. On average, used 2020 cars are selling more than $50k over new sticker price. If I wanted a ‘22 I’d be on a waiting list for up to 2-4 years.
I couldn’t wait that long so I pulled the trigger on a new ‘21 that was in a dodge dealers showroom. (There’s been a lot of that going on; dealer’s buying from dealers over list then marking them up even more for profit) The deal was the best I could find but I grossly overpaid. The only saving grace is that they gave me an absurd trade value for my gt350 trade. (25k more than I paid 2 years ago) I wouldn’t have done it otherwise.
I guess the question is; when is the bubble going to break? When’s production going to meet or outweigh demand.. weeks, months, years?
I couldn’t wait that long so I pulled the trigger on a new ‘21 that was in a dodge dealers showroom. (There’s been a lot of that going on; dealer’s buying from dealers over list then marking them up even more for profit) The deal was the best I could find but I grossly overpaid. The only saving grace is that they gave me an absurd trade value for my gt350 trade. (25k more than I paid 2 years ago) I wouldn’t have done it otherwise.
I guess the question is; when is the bubble going to break? When’s production going to meet or outweigh demand.. weeks, months, years?
Drifting
Joined: Apr 2021
Posts: 1,911
Likes: 2,568
From: Chicago-ish
Lists are only getting longer, demand is still rising and production is capped at 180 and change cars a day at best. People trading in stingrays for Z06’s might do something, but it also might not given every Z06 made is one less stingray. It’s anyone’s guess. Sorry you had to overpay, but despite that hopefully you enjoy the car.
Thread Starter
Racer
Joined: Apr 2022
Posts: 481
Likes: 525
Your comments echo what I’ve been hearing.
Zero regrets with the purchase. Life is short and I’m not willing to wait multiple years to get one… and who can guarantee that by the time they’re actually available the prices won’t be up.
GM offered the c8 with a low price point only to watch the car trade used at 150% sticker (in our market anyways)
Im thinking 2023 pricing is going to jump significantly.
Zero regrets with the purchase. Life is short and I’m not willing to wait multiple years to get one… and who can guarantee that by the time they’re actually available the prices won’t be up.
GM offered the c8 with a low price point only to watch the car trade used at 150% sticker (in our market anyways)
Im thinking 2023 pricing is going to jump significantly.
Melting Slicks
Joined: Aug 2004
Posts: 2,165
Likes: 950
From: Keizer Oregon
I just did the same thing. I got tired of forecasting my wait time and just bit the bullet and overpaid. In the end I feel great about the decision because:
1) I got huge equity out of my 2019 Grand Sport - that offset the price hike since under normal circumstances I wouldn't have gotten that much back out of the C7
2) I got the car I wanted (21 HTC Z51 2LT MSRC Lift 700 miles) right away and have it to drive now instead of waiting until next year sometime.
1) I got huge equity out of my 2019 Grand Sport - that offset the price hike since under normal circumstances I wouldn't have gotten that much back out of the C7
2) I got the car I wanted (21 HTC Z51 2LT MSRC Lift 700 miles) right away and have it to drive now instead of waiting until next year sometime.
Racer
Joined: Jan 2022
Posts: 351
Likes: 221
From: DFW, TX
Supply and demand?... That guy who posted a thread recently with the opportunity to get an early allocation for just 5k over should take it and celebrate! 
I paid for an early allocation and got my car in exactly 3 months from deposit... best decision I've made in a long time!
No concerns about depreciation, I'm going to drive the wheels off it!
I paid for an early allocation and got my car in exactly 3 months from deposit... best decision I've made in a long time!
No concerns about depreciation, I'm going to drive the wheels off it!
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Thread Starter
Racer
Joined: Apr 2022
Posts: 481
Likes: 525
I paid for an early allocation and got my car in exactly 3 months from deposit... best decision I've made in a long time!
No concerns about depreciation, I'm going to drive the wheels off it![/QUOTE]
man I wish that was the case here.. every dealer has a waiting list a mile long. You can put a deposit down and add your name to the list. Most dealers have enough deposits for 4 years of allocations. You could get
one sooner as cancellations will happen but as long as the demand is this high not
many will pass.
I looked into importing from the US, by the time you go through the import process, exchange, shipping costs etc, you wouldn’t save as much as you think.
No concerns about depreciation, I'm going to drive the wheels off it![/QUOTE]
man I wish that was the case here.. every dealer has a waiting list a mile long. You can put a deposit down and add your name to the list. Most dealers have enough deposits for 4 years of allocations. You could get
one sooner as cancellations will happen but as long as the demand is this high not
many will pass.
I looked into importing from the US, by the time you go through the import process, exchange, shipping costs etc, you wouldn’t save as much as you think.
Instructor
Joined: Mar 2022
Posts: 214
Likes: 143
I just did the same thing. I got tired of forecasting my wait time and just bit the bullet and overpaid. In the end I feel great about the decision because:
1) I got huge equity out of my 2019 Grand Sport - that offset the price hike since under normal circumstances I wouldn't have gotten that much back out of the C7
2) I got the car I wanted (21 HTC Z51 2LT MSRC Lift 700 miles) right away and have it to drive now instead of waiting until next year sometime.
1) I got huge equity out of my 2019 Grand Sport - that offset the price hike since under normal circumstances I wouldn't have gotten that much back out of the C7
2) I got the car I wanted (21 HTC Z51 2LT MSRC Lift 700 miles) right away and have it to drive now instead of waiting until next year sometime.
Thread Starter
Racer
Joined: Apr 2022
Posts: 481
Likes: 525
it’s funny you all keep complaining about inflated prices yet are more than happy to pay over sticker for a C8. The inflated prices will stop when people stop paying over sticker for one… a lot of the demand is artificial… just people looking to flip.. like the latest PS5
The market dictates value based on demand and supply. Don’t want to pay current market value?, don’t buy one… fortunately for me, this same market made me $25k on my Shelby. Sold high, bought high… if I was smart and patient I’d have sold the gt350 now, and banked the money until the c8 came down in price. But I don’t want to sit on the sidelines for the next 2-4 years. Hell I don’t want to miss a week!. Not that patient (or smart lol)
And the demand is real when people are willing to put money down to reserve their spot in a
line that stretches years down the road.
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From: Pittsburgh
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Bowling Green is cranking out 900 C8's per week, the bubble has gotta burst some time
Instructor
Joined: Mar 2022
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Likes: 143
who’s complaining??
The market dictates value based on demand and supply. Don’t want to pay current market value?, don’t buy one… fortunately for me, this same market made me $25k on my Shelby. Sold high, bought high… if I was smart and patient I’d have sold the gt350 now, and banked the money until the c8 came down in price. But I don’t want to sit on the sidelines for the next 2-4 years. Hell I don’t want to miss a week!. Not that patient (or smart lol)
And the demand is real when people are willing to put money down to reserve their spot in a
line that stretches years down the road.
The market dictates value based on demand and supply. Don’t want to pay current market value?, don’t buy one… fortunately for me, this same market made me $25k on my Shelby. Sold high, bought high… if I was smart and patient I’d have sold the gt350 now, and banked the money until the c8 came down in price. But I don’t want to sit on the sidelines for the next 2-4 years. Hell I don’t want to miss a week!. Not that patient (or smart lol)
And the demand is real when people are willing to put money down to reserve their spot in a
line that stretches years down the road.
Melting Slicks
Joined: Aug 2004
Posts: 2,165
Likes: 950
From: Keizer Oregon
it’s funny you all keep complaining about inflated prices yet are more than happy to pay over sticker for a C8. The inflated prices will stop when people stop paying over sticker for one… a lot of the demand is artificial… just people looking to flip.. like the latest PS5
Also, for those of us who have (or had) high value trade ins, this market is like the tide - when the value of the C8 comes down, the value of our trades goes down in unison. I may have paid $15k over sticker, but I also got $15k more out of my trade than I would have otherwise, so for me there is nothing to complain about. It's a wash.
Last edited by oregonsharkman; Apr 5, 2022 at 02:03 PM.
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The market in the US is still crazy - long wait lists, ADMs in the thousands. Just the way it is right now.
Race Director
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It will be interesting to see if the new CAFE requirements keep the demand up for both new and used performance ICE cars. If all cars need to be electric or hybrids by 2026 then the demand for C8 Stingrays may remain high.
This could change if the administration changes but you won't know until the end of 2024.
This could change if the administration changes but you won't know until the end of 2024.
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Thread Starter
Racer
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Melting Slicks
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