Innovated

As others have mentioned , due to inflation and all the other horseshit that's going on , prices continue to rise on everything .

Some have speculated that the C8 price for 2024 could increase by as much as 10%. I know for some of you , a 10% price increase would be annoying , but not a deal breaker. And for others who have saved and budgeted , such an extreme price increase would likely put the brakes on getting the C8.

For me personally , I think a 10% price increase would really discourage me from remaining on the wait list.

undecided1965

She was already questioning the wisdom of a toy car.

Innovated

Right , it's already an unnecessary purchase . Being that it's quite more than a practical vehicle . But adding several more thousand dollars to the purchase price , makes it even more 'frivolous' .

And in my opinion , such a huge price increase would take away some of the appeal of getting such an awesome mid-engine sports car for a reasonable price

ZipZap

That would be a deal breaker. I encourage everyone to get off the wait lists if MY24's increase in price.

undecided1965

I don't see other cars in the price range bumping their YoY msrps that much.

Innovated

Innovated

I really hope so. I can stand 3 or 4%

hyprsprt

not me, I’m on the list with MM so I’m price protected for a 23MY if I don’t make that and we get a price increase for the 24MY then most likely I would have to get off the list. That will bring the car out of my price range so I’m hoping I can get one soon lol

Amoreloba

I could have dealt with it but I would have groveled. Even just watching my order go from a 21 to a 22 was enough of a groan to deal with. That said, knowing the fun I’ve had, a 10% increase still would have been very worth it. I have no regrets about the price to play.

combatninja

I don't see them bumping the base MSRP 10% over what it is now. I think marketing would like that first digit to still be a 6.

We've all swallowed the increases thus far but this should really just highlight that back in the summer and fall of 2019, GM lost their minds and had this car at $59,990. WTF.

Kevin A Jones

I don't see GM raising MSRP as much as 10% either, however anyone who can't afford a C8 due to a 10% increase probably can't afford one without the increase.

Greg00Coupe

Does not matter to me but we're all different in finances and times in our lives. I don't have that many years left so won't matter.

Wife does not care at all. We've gone to car shows where pick up trucks where much more expensive then a corvette and I was quick to point that out!

I paid 44K in 1999 for my first corvette. As we know the 20s came out at 60K. Inflation? I don't see it? And there is no comparison between a C5 and C8

boomer76

When I was in school there was an economic principle called elasticity. What it basically described was that everything had a value (to an individual or group} and once that value was exceeded with increased pricing, people would start to seek other alternatives or simply stop purchasing that item. That is what would happen with me if there was a 10% increase in the cost of a '24 my.
Contrary to Kevin's comment, everyone has their own threshold of pain, and many of us cannot/will not be in a position to absorb a substantial increase on what is essentially a toy.

Respectfully

tsigwing

Which HTC do you think is comparable to the C8?

BandDirector

10% would be a deal breaker for me…I only plan to order the base 1LT with no options and It’s already crossed $65K…I can probably handle another 2-3% increase as usual, but 10% would put it at $71,500, and that’s gonna take it out of reach for me…

Tired of hearing if you can’t afford it at $70K+, then you probably can’t afford it at $65K. I’m fully aware of my finances, and know what’s in reach or not…. Credit score is in the 830’s and I’m fully capable of managing my credit and debt…10% is a big jump…

It’s a comfort level thing for me. I was approved to purchase a house 3x what I actually bought my house for, but I chose less house for comfort level…

STINGmole

Yes, it gets old. There's a difference between not being able to afford something, and not wanting to afford it.

I've managed to live extremely well by buying things with the best value possible, things that are mildly used, things discounted due to a better or improved model on the horizon (where the old one works just fine for me), DIY projects, etc.

The secret to living within your means is to know your limitations. When you set a budget for a fun toy (let's say $65k) when do you put the brakes on your purchase? It's different for every person but may or may not be based on credit history, spare funds, or savings. Maybe it's just because at that point it's not "worth it" to you because there are less expensive cars that have a similar fun factor, or there are slightly more expensive cars that might be a better value.

The C8 is a great car (and still a good value at MSRP if not ridiculously over optioned) but I can understand and respect when people drop out at a certain price threshold.

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PhoenixM3

There's no way it will increase 10%

Hoffer362

Its not that the cars will be more expensive, its that our $ is worth less
I work in manufacturing. Price increases of 15-25% are the new norm over the last 2 years
The Gov will tell us the inflation rate is 8% over the last 2 years. It's probably really 10-12% minimum.Thats 20-25% over the last 2 years
Things will change a lot over the next 2 years

CaptainFester

spoken like a dude who is far enough back on the list to be gteed a 2024... lol.

for the record i agree with u and im a 24 guy. just gave me a chuckle the definitive nature of your statement

Innovated

Excellent point, and that's really what I was trying to portray with this thread. It's not a matter of being able to afford the car, it's a matter of what you will comfortably pay for the car, and still feel like it's a great deal for what you're getting