Now a buyers market.
#1
Race Director
Thread Starter
Now a buyers market.
Fixing to buy a 24 Base model C8. Found several places that will sell for 6-7k off sticker. Fantastic deals out there now. Hendrick is giving 4K off sticker. And they used to sell 8-10k OVER!
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#3
Race Director
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#4
Le Mans Master
There is no question it’s a buyer’s market. Unfortunately those who want to sell or selling haven’t adjusted to the new market reality because they still think it a sellers market and C8 are hard to find.
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#6
100% accurate. Just don’t bother checking the C8 For Sale forum. C8 owners still asking MSRP for their used cars when new is now cheaper
#7
Race Director
Personally, I would define a 'C8 Buyer's Market' as when you can walk in or call most any Chevy dealer around the US and purchase a new C8 at anywhere between 8% and 10% off MSRP and shrewd buyers will even negotiate more discount than that.
As I stated above, we are not there yet.
Remember 6-7 yeas ago when new C7s were consistently selling anywhere from 10% > 23% off MSRP? Now that was a Buyer's Market of epic proportion.
As I stated above, we are not there yet.
Remember 6-7 yeas ago when new C7s were consistently selling anywhere from 10% > 23% off MSRP? Now that was a Buyer's Market of epic proportion.
Last edited by Kevin A Jones; 05-18-2024 at 11:09 AM.
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#8
Personally, I would define a 'C8 Buyer's Market' as when you can walk in or call most any Chevy dealer around the US and purchase a new C8 at anywhere between 8% and 10% off MSRP and shrewd buyers will even negotiate more discount than that.
As I stated above, we are not there yet.
Remember 6-7 yeas ago when new C7s were consistently selling anywhere from 10% > 23% off MSRP? Now that was a Buyer's Market of epic proportion.
As I stated above, we are not there yet.
Remember 6-7 yeas ago when new C7s were consistently selling anywhere from 10% > 23% off MSRP? Now that was a Buyer's Market of epic proportion.
#9
Melting Slicks
Same exact build right now would be 96.5k and interest rate 6% AT BEST on a new car with a 48 month note. Even if paying cash, 7k off sticker wouldnt even get me back to what MSRP was 2.5 years ago. And if financing? Forget it.
I honestly think interest rates and price increases are a bigger factor than market saturation. People's paychecks have NOT kept up the pace compared to those for the most part.
I am expecting my 2025 in Hysteria Purple is going to run me at least 9k over what my 2022 did, WITHOUT carbon fiber trim or carbon flash nacelles and roof (but adding black exhaust, OEM grill guards, and stealth interior trim, net $1800 savings over prior build for those 3 options and STILL coming out to around 95-96k depending, and that is without 2025 price increase!). So I am hoping for 6-7k off sticker to get it around 90-92k. I could swing 100k easy enough, but something about the looming possibility of trans issues makes me feel like 90k-ish is my limit, with an extended powertrain warranty to be bought at 33 months.
Otherwise I will just get an LC500. It is a grand tourer for me after all, not a track car. I cant out drive an LC500 on public roads, so the only thing the C8 has going for it is the HTC and the price.
Last edited by Korbek; 05-18-2024 at 06:11 PM.
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#10
8th Gear
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Interest Rates.
Navy Federal shows 4.54 on their website. I just got my vin number. The numbers I have been given are 6,000. below MSRP. Had that number for 6 weeks. Taking out a small loan to save on taxes this year. Hopefully pay it off in January. Things have certainly changed. Ordered this car early April.
#12
Burning Brakes
agreed, buyers market at this point and the FS section for both the c7 and c8's on this forum are way overboard, haha. some ppl round here think its still 2022...
#13
In CA many of the sales people who have never read anything about the C8 will tell you they are still in demand and there is a 5K premium.
#14
I wonder how these people feel now after paying so much OVER sticker. They better enjoy them for a while because they will never get that money back now
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#16
Race Director
Well they are still in demand as demonstrated by C8 sales #s. And in some parts of the country dealers are still getting MSRP and even over in some cases.
#17
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Navy Federal shows 4.54 on their website. I just got my vin number. The numbers I have been given are 6,000. below MSRP. Had that number for 6 weeks. Taking out a small loan to save on taxes this year. Hopefully pay it off in January. Things have certainly changed. Ordered this car early April.
#18
Burning Brakes
"Buyers Market" is misleading.
I paid MSRP for my custom ordered 2022 C8 HTC ($85,600) from MacMulkin. Same build on a 2024 is now $94,300. 😲. $8,700 more!!
I don't know if anyone is getting $8,700 off MSRP right now.
Although I didn't finance much, the rate is 1.99%, compared to today's bloated rates. The higher rates today almost wipe out the discount on they got on car, for the heavier borrowers.
I paid MSRP for my custom ordered 2022 C8 HTC ($85,600) from MacMulkin. Same build on a 2024 is now $94,300. 😲. $8,700 more!!
I don't know if anyone is getting $8,700 off MSRP right now.
Although I didn't finance much, the rate is 1.99%, compared to today's bloated rates. The higher rates today almost wipe out the discount on they got on car, for the heavier borrowers.
Last edited by RedC8Lover22; 05-18-2024 at 07:40 PM.
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#19
Melting Slicks
Edit: sorry I missed the "here". Any dealer not offering at least 3k off MSRP deserves to LOSE the sale to McMulkin now. You can order at 5k or more off MSRP at a large volume dealer and have the car courtesy delivered to a local dealer.
NO ONE should be getting sales at MSRP or higher at this point. If your local dealers havent faced reality just go around them to a big volume dealer.
There is a dealer in San Antonio still asking 15k ADM on in- stock units!!! (Northside Chevy). I laughed in their face and showed the MacMulkin's adverts.
Last edited by Korbek; 05-18-2024 at 07:47 PM.
#20
Not true. My local SMALL volume dealer has 3-5k off CUSTOM orders. You are wrong.
Edit: sorry I missed the "here". Any dealer not offering at least 3k off MSRP deserves to LOSE the sale to McMulkin now. You can order at 5k or more off MSRP at a large volume dealer and have the car courtesy delivered to a local dealer.
NO ONE should be getting sales at MSRP or higher at this point. If your local dealers havent faced reality just go around them to a big volume dealer.
Edit: sorry I missed the "here". Any dealer not offering at least 3k off MSRP deserves to LOSE the sale to McMulkin now. You can order at 5k or more off MSRP at a large volume dealer and have the car courtesy delivered to a local dealer.
NO ONE should be getting sales at MSRP or higher at this point. If your local dealers havent faced reality just go around them to a big volume dealer.