C8 ZR1 Demand speculation
#1
Racer
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C8 ZR1 Demand speculation
If the C8 ZR1 has a substantially bigger price tag than the C8 Z06 than do you believe it will be in demand to the degree the C8 Z is? And if so, will the demand for the C8 ZR1 entail an impossibly long wait list?
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Jc93Octane (09-10-2023)
#2
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2022 Corvette of the Year Finalist -- Modified
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Yes and yes. I have a number 1 slot at my local dealer. I got on that list right after the Z06 announcement. As long as they can get an allocation I'm in.
#3
They still can't build enough Z06s and $50K markups are commonplace. Once they announce the next latest and greatest 800+hp internal combustion Corvette, you don't think that people will line up to buy one? There is clearly plenty of money out there getting thrown around, a $155-160K starting price will do nothing to temper demand for this car. If part of your strategy is that demand will somehow be tamped down by the increased MSRP, you need a new strategy. To that, let's assume that there are Z06 buyers that are comfortable with a $130K purchase price but would somehow be put off by $175K or a bit more. So you might have a but less demand. This will be more than offset by the greatly decreased supply. They are not going to make nearly as many ZR1s as Z06s. Not sure what the production mix will be but I've got to figure that Z06s will get made 3:1 over the ZR1. Just face reality: it's going to be another feeding frenzy with $100K markups all over again. Strap in.
#4
Team Owner
Higher price always equals less demand. If there are no major cosmetic differences the ZR1, assuming $150k starting and 800hp will not get the same attention as the highest HP V8 ever made. The FPC DOHC 8700RPM LT6 is special and so far is the only truly special thing about the C8 generation IMO
#5
Race Director
I think the Zr1 demand will exceed supply so demand will be strong.
I believe the z06 demand will remain strong as well.
id suggest the same for the eray and stingray.
nice product for those willing to enjoy the attributes of a two seat sports car and the field of competitors is thin once you consider
I believe the z06 demand will remain strong as well.
id suggest the same for the eray and stingray.
nice product for those willing to enjoy the attributes of a two seat sports car and the field of competitors is thin once you consider
#6
Melting Slicks
I think there will be some demand and wait at first, but the market for a 150k-200k Corvette isn't huge. Suspect by second model year won't be that hard to get them (unless first year is very slow ramp up). The value proposition becomes less, because you keep inching closer to other cars. A Z06 at 100k+ less than a GT3 RS probably doesn't have a ton of cross-shoppers, and optioned likewise is still a good bit cheaper than a Porsche GT3. The ZR1 will overlap a GT3, although I'm sure it will be faster. Going to be hard to convince someone who isn't a Corvette loyalest to get one. Factor in interest rates and you really start to limit the buyer pool. There's enough Corvette folks to sell a bunch, just don't think it is going to be a 5 year wait list. Not sure the E-ray will have a super long wait list either, even though it's probably a more appropriate car than the Z06 for most.
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#7
There will be exceedingly few ZR1 allocations. Likely less than 10% of what was available for Z06. So yes, demand will far outstrip supply but they will remain very rare. Most will command a significant markup for the one or two a dealer may get. Smaller dealers may not get one at all.
#10
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If it's not pure NA I pray that it's hybrid as opposed to FI.
Keeps the NA sound and linearity at the high rev range, adds all the bottom end torque one wants.
Turbos and superchargers can't die fast enough.
Demand will be high either way.
Keeps the NA sound and linearity at the high rev range, adds all the bottom end torque one wants.
Turbos and superchargers can't die fast enough.
Demand will be high either way.
Last edited by soulsea; 09-10-2023 at 12:37 AM.
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#11
Race Director
I think there will be some demand and wait at first, but the market for a 150k-200k Corvette isn't huge. Suspect by second model year won't be that hard to get them (unless first year is very slow ramp up). The value proposition becomes less, because you keep inching closer to other cars. A Z06 at 100k+ less than a GT3 RS probably doesn't have a ton of cross-shoppers, and optioned likewise is still a good bit cheaper than a Porsche GT3. The ZR1 will overlap a GT3, although I'm sure it will be faster. Going to be hard to convince someone who isn't a Corvette loyalest to get one. Factor in interest rates and you really start to limit the buyer pool. There's enough Corvette folks to sell a bunch, just don't think it is going to be a 5 year wait list. Not sure the E-ray will have a super long wait list either, even though it's probably a more appropriate car than the Z06 for most.
the Zr1 will probably add another 30 to 40 percent to the cost of a z06 and still be considered a major performance value.
the best part is in the service of the vehicle. The pricing in that area alone makes greater use of such vehicles of the corvette brand an excellent option.
sales will be massive throughout the lifetime of the c8 for all models.
this is a home run for the corvette team. They have done a great job. Of course I’m biased I’ve been daily driving corvettes in the NY metro area for over 25 years.
they make me smile every day I get in the car to do whatever crapola I have to do.
im not a Zr1 buyer as I don’t need 850 hp however it’s created. Five hundred is more than enough and I’ll cap out at 655 or 670 whichever model becomes available to me first.
#12
I think you misunderstand the market. Z06 allocations are many fewer than Stingray and only been available for 1 model year. Its unlikely the entire Z06 production run will be even as high as the first year of Stingray production. In terms of numbers of units in demand, Stingray far outsells Z06 and likely still would even if both were available because of the price gap.
#13
No, without a doubt it will have less demand than a z06 if the price tag is substantially more. There are far more people who can stretch to a $125K car than who can stretch to a $200k car. Regardless, there will be more buyers than cars so demand for them will be strong as well.
#14
I have had many people in their 20s and 30s say that my c8 z06 is their dream car. I have had new corvettes for 30 years and that has never happened before. Now of course that age group probably has less buying power at the moment, but my takeaway is that the Corvette name has risen dramatically in prestige, so I think demand part of this equation is going to be stronger than it has been historically.
#15
I think you misunderstand the market. Z06 allocations are many fewer than Stingray and only been available for 1 model year. Its unlikely the entire Z06 production run will be even as high as the first year of Stingray production. In terms of numbers of units in demand, Stingray far outsells Z06 and likely still would even if both were available because of the price gap.
#16
I think there will be some demand and wait at first, but the market for a 150k-200k Corvette isn't huge. Suspect by second model year won't be that hard to get them (unless first year is very slow ramp up). The value proposition becomes less, because you keep inching closer to other cars. A Z06 at 100k+ less than a GT3 RS probably doesn't have a ton of cross-shoppers, and optioned likewise is still a good bit cheaper than a Porsche GT3. The ZR1 will overlap a GT3, although I'm sure it will be faster. Going to be hard to convince someone who isn't a Corvette loyalest to get one. Factor in interest rates and you really start to limit the buyer pool. There's enough Corvette folks to sell a bunch, just don't think it is going to be a 5 year wait list. Not sure the E-ray will have a super long wait list either, even though it's probably a more appropriate car than the Z06 for most.
#17
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I think there will be some demand and wait at first, but the market for a 150k-200k Corvette isn't huge. Suspect by second model year won't be that hard to get them (unless first year is very slow ramp up). The value proposition becomes less, because you keep inching closer to other cars. A Z06 at 100k+ less than a GT3 RS probably doesn't have a ton of cross-shoppers, and optioned likewise is still a good bit cheaper than a Porsche GT3. The ZR1 will overlap a GT3, although I'm sure it will be faster. Going to be hard to convince someone who isn't a Corvette loyalest to get one. Factor in interest rates and you really start to limit the buyer pool. There's enough Corvette folks to sell a bunch, just don't think it is going to be a 5 year wait list. Not sure the E-ray will have a super long wait list either, even though it's probably a more appropriate car than the Z06 for most.
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AustinVetter (09-09-2023)
#18
After the C8 for those financially stretched, the Z06 purchasers, enjoying as fast a car as you could ask for, with a wide stance and great unique motor, and the advent of the E Ray, four wheel drive for those with weather, I suspect there will be relatively few buying the expensive and electrical or turbo charged ZR1. I also have to believe, except for those who buy Ferrari's, McLaren's, etc., the Zora will be relatively rare.
#19
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The demand will be significantly less in terms of the raw number of people, however they will also make far fewer cars. Demand will still outweigh supply. My dealer has no one on the list for a ZR1 yet. I was asked if I wanted to start the list and I said no because I straight up won't be able to afford it. Its going to be a $250K-$300K car (at MSRP) here in Canada due to high prices and luxury tax.
#20
Safety Car
ZR1 price will be high, but output will be low, so it will hold its value. The interesting thing is there is a split in demand. I think most ZR1 buyers want an 800 HP TT car, but others want the LT6 plus AWD. Both would be 800 HP cars, but at that price level, not many are ambivalent about that choice. There will be ZR1 buyers that will drop because the car isn't what they want.