What if..
what if GM knocks it out of the park and gives us a beautiful c8 at a great price....and we start seeing them everywhere. What if they become a common sight? sure it may still be a great track car underneath, but unless you are at a track that doesnt matter at all. 10 to 12 year payment loans exist for cars such as these, so every tom, dick, and harry could "afford it" if they really wanted to. I just thought it a curious topic for discussion.
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It would be great to have GM sell massive numbers of these cars.
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They have 10 to 12 year loans available for cars? WTF?
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There is a limited market for a two seat hot rod. A car like this does not fit the needs of a young family. It is basically a toy. But, it can serve as a daily driver for some. No mater how good it is I cannot see a market of more than 40,000 a year after the initial run.
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You still have the two-seat sports car marketplace to deal with. I'm sure we'll see a surge in sales, but it won't suddenly be 100K per year, and that means we won't be seeing them everywhere. If GM could do 50K a year I think they would be quite pleased, but even that s a stretch, IMO.
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Correct, in the very best years, GM has never sold more than 40K Corvettes in a single year. Even in a down year (2018), Corvette sold 18K, which was 2X more than any other sports car manufacturer in the US.
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Are you implying a 10 to 12 year loan is needed for a $65K to $70K car? Because that's what the base C8 will likely cost.
Originally Posted by tcweidner
(Post 1599406281)
...10 to 12 year payment loans exist for cars such as these, so every tom, dick, and harry could "afford it" if they really wanted to.
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Originally Posted by Foosh
(Post 1599406397)
Correct, in the very best years, GM has never sold more than 40K Corvettes in a single year. Even in a down year (2018), Corvette sold 18K, which was 2X more than any other sports car manufacturer in the US.
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Originally Posted by Foosh
(Post 1599406397)
Correct, in the very best years, GM has never sold more than 40K Corvettes in a single year. Even in a down year (2018), Corvette sold 18K, which was 2X more than any other sports car manufacturer in the US.
Still, today's market isn't going to suddenly snap up so many Corvettes as to make them as common as Camrys. Or even Mustangs. |
You're right. I didn't go back 40 years when there was far less competition.
Moreover, prices were much lower then including inflation. In the best sales year (1979), GM sold almost 54K Corvettes, which started at $10K MSRP. That's $37K in 2019 dollars. I suspect they'd still be selling 50K or more units a year if the C7 price started at $37K. |
Simple answer, when I see what I’m driving everywhere. It’s time to find a new toy.
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Corvette production volume by year 1953 to 2017: https://www.corvsport.com/corvette-sales-volume-year/
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Originally Posted by tcweidner
(Post 1599406281)
what if GM knocks it out of the park and gives us a beautiful c8 at a great price....and we start seeing them everywhere. What if they become a common sight? sure it may still be a great track car underneath, but unless you are at a track that doesnt matter at all. 10 to 12 year payment loans exist for cars such as these, so every tom, dick, and harry could "afford it" if they really wanted to. I just thought it a curious topic for discussion.
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I live in opposite world. Wilsonville Oregon (where I work) is the location of the nations oldest Ferrari dealer - Ron Tonkin Gran Turismo. I literally see brand new Ferraris every day.
On the other hand, I hardly ever see C7 Corvettes around here and get a ton of compliments on my 2019 GS. That being said, even though Ferrari's are way more common around here, I would still take a 458 Italia over my Grand Sport. |
Imwouldnt worry about too many being sold each year...production is pretty much capped at around 30k units a year with the new slower longer to bake paint shop...
even if the bowling green plant hits 40k units with overtime... it will mever be common place and if it is.,,cool. more people to enjoy what corvettes offer |
Wont see them everywhere because most will be sitting in peoples garages most of the time.
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I'd have a tired arm from waving to everyone driving an awesome C8 with me.... who cares? I'm buying the car for how it makes me feel and how it performs... not to have the one and only.
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I'm pretty sure the max term on a new car loan is 7 years, 6 in Canada
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Originally Posted by Foosh
(Post 1599406626)
You're right. I didn't go back 40 years when there was far less competition.
Moreover, prices were much lower then including inflation. In the best sales year (1979), GM sold almost 54K Corvettes, which started at $10K MSRP. That's $37K in 2019 dollars. I suspect they'd still be selling 50K or more units a year if the C7 price started at $37K. |
Originally Posted by jamesampm
(Post 1599407196)
I'm pretty sure the max term on a new car loan is 7 years, 6 in Canada
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