2024 Info
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Oct 14, 2022, 07:37 PM
Race Director
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From: Garden Valley CA
Melting Slicks
Joined: Jun 2004
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From: Macon GA
I’m more worried about the price increase! My deposit is down, but mine will most likely be a ‘24. I’m seeing general predictions online that all car makers will have to raise prices by 10% next year to cover inflation…that would put the base price of a 1LT over $70K if those predictions prove true. Add that to the rising interest rates and my concern is that my dream of owning a C8 may not come true…😞
Drifting
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From: Stamford, CT
Race Director
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From: Garden Valley CA
Melting Slicks
Joined: Oct 2012
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Racer
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I’m more worried about the price increase! My deposit is down, but mine will most likely be a ‘24. I’m seeing general predictions online that all car makers will have to raise prices by 10% next year to cover inflation…that would put the base price of a 1LT over $70K if those predictions prove true. Add that to the rising interest rates and my concern is that my dream of owning a C8 may not come true…😞
I can stomach another $1k increase , give or take .
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That is usually when a lot of info on the upcoming models come out.
E-Ray, 3LZ, ZER, LIFT
Joined: Sep 2007
Posts: 35,067
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From: NE South Carolina
Managed an R&D Lab in the mid 1970s and was giving raises in the 3 to 4% range. Formed a Market Development group in the late 1970’s early 1980s. Had to give big increases to get folks to move to where it was located in CT. Then big inflation occurred. Recall interest rate for home we bought were 17%. We thought we were so lucky to get an assumable at ONLY 14%!
But inflation was also allowing pay increases of 10%. Recall folks were so happy when I gave pay raises because it “sounded so good” compared to the past! But there were not considering bank CDs were paying 12% and inflation was eating most of that 10% pay increase.
So just hope your pay will increase more than the C8 and hopefully if you’re borrowing for the car more than the interest rate you’ll pay!
Safety Car
Joined: Jan 2021
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Your comment made me think about pay raises in the 1970s then what happened in the early 1980s!
Managed an R&D Lab in the mid 1970s and was giving raises in the 3 to 4% range. Formed a Market Development group in the late 1970’s early 1980s. Had to give big increases to get folks to move to where it was located in CT. Then big inflation occurred. Recall interest rate for home we bought were 17%. We thought we were so lucky to get an assumable at ONLY 14%!
But inflation was also allowing pay increases of 10%. Recall folks were so happy when I gave pay raises because it “sounded so good” compared to the past! But there were not considering bank CDs were paying 12% and inflation was eating most of that 10% pay increase.
So just hope your pay will increase more than the C8 and hopefully if you’re borrowing for the car more than the interest rate you’ll pay!
Managed an R&D Lab in the mid 1970s and was giving raises in the 3 to 4% range. Formed a Market Development group in the late 1970’s early 1980s. Had to give big increases to get folks to move to where it was located in CT. Then big inflation occurred. Recall interest rate for home we bought were 17%. We thought we were so lucky to get an assumable at ONLY 14%!
But inflation was also allowing pay increases of 10%. Recall folks were so happy when I gave pay raises because it “sounded so good” compared to the past! But there were not considering bank CDs were paying 12% and inflation was eating most of that 10% pay increase.
So just hope your pay will increase more than the C8 and hopefully if you’re borrowing for the car more than the interest rate you’ll pay!
For many C8 buyers, poor stock market performance would probably affect their purchase power more than pay increases.
Melting Slicks
Joined: Aug 2018
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Safety Car
Joined: Nov 2021
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From: Northern Illinois
Tidbits and rumors on next years car will be showing up here around February. It usually starts with color discontinuation and order date cut offs. Watch the Z06 because it’s more or less a 2024 already at this point. I don’t expect much to change except colors and wheels and some minor added goodie’s. Oh yea and a price hike. The car is just selling to well for GM to invest any money in the car for changes at this point.
Race Director
Joined: Aug 2016
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From: Garden Valley CA
As long as there is a backlog I don't see an incentive for GM to invest in making changes to the C8 (other than those mandated by the government). Slight changes maybe, different colors, software upgrades, things that trickle down from other GM models, etc. A wiser move would be to hold off on changes until supply catch up with demand (if that ever happens in the C8 run) and then do refreshes to prop up sales.